Bio Fertilizer Market 2021: Technology, Application, Types, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Analysis 2021-2030

In a recent published report, Kenneth Research has updated the market report for Bio Fertilizer Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Bio Fertilizer Market products.

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Life has become fast. People are now more workaholic which has affected every aspect of life. When on one side life style related diseases are growing, demand for organic food is also gaining steam. This has encouraged the farmers to use an organic fertilizer which is one of the main reasons for the rapid growth of bio-fertilizer market recently. As the demand for the organic food is increasing, the global bio-fertilizer market is also expected to grow at an impressive compounded annual growth rate. Our report on global bio-fertilizer market focuses on the opportunities in the overall market especially in the key areas such as Asia-Pacific (APAC), US and Europe.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

North America and APAC are the leading consumer markets of bio-fertilizer on the back of good awareness and government policies which are among the key growth drivers in these regions. Price is also an important factor for bio-fertilizer market; currently price has negative impact on bio-fertilizer market; however, mass production and technological advancements are expected to reduce the overall production cost in future. Also, availability and cost of raw material will be a key motivator of bio-fertilizer market. Asia-Pacific is the most opportunistic market for bio-fertilizer because of availability of raw material, cheap labour force and large number of end- users.

Prolonged negative effects of chemical fertilizers are also one of the primary reasons behind the growth and demand for bio-fertilizers. Nitrogen-fixing bio-fertilizer is the largest segment of the market, which, however, is small as compared to chemical bio-fertilizers market but with the growing acceptance and demand, this is expected to be large market in the coming days.

Considering the positive impact of bio-fertilizers, governments in various countries are supporting the sector with framing friendly policies. For example, Mexico government has created new policy for promoting and commercialization of bio-fertilizers in the country. The policy report highlights opportunities of bio-fertilizers, how they can commercialize the products and the social and economic impact of bio-fertilizers in Mexico.

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Companies profiled include:

1. Bio Nature Technology PTE Ltd.
2. Kribhco
3. Gujarat State Fertilizers & Chemicals Ltd.
4. Madras Fertilizers Limited
5. National Fertilizers Limited
6. Biofosfatos do Brasil
7. Embrafós
8. Instituto de Fosfato Biológico (IFB)
9. Liderfós. Embrafós
10. Bio Protan
11. Futureco Bioscience S.L.
12. Labiofam S.A.
13. Neochim
14. Novozymes A.S.
15. Symborg S.L.
16. BlackStone Agriculture
17. Circle-One Internatiomal, Inc.
18. hopeland
19. LABIOFAM S.A.
20. Rizobacter Argentina S.A.

This Occams Research Report covers

1. Historical data
2. Revenue forecasts, growth rates and CAGR upto 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. In-depth profiling of companies

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About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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