Biofertilizers Market was Valued at US$ 1.8 Bn in 2018Posted by venkatakiran on November 6th, 2019 Global Biofertilizers Market was Valued at US$ 1.8 Bn in 2018, Increasing Awareness Regarding the Need for Sustainability in Modern Agriculture Analyst Speak:
“The Global Biofertilizers Market was valued around US$ 1.8 Bn by 2018 and growing at a significant CAGR of 10.1% over next seven years 2019-2025 due to increasing awareness about the need for sustainability in modern agriculture” The global biofertilizers market accounted for US$ 1.8 Bn in 2018 and burgeoning over the forthcoming years. Some of the key factors influencing the market growth include hazards of using chemical fertilizers, increasing awareness about the need for sustainability in modern agriculture, rising trend of organic farming, need for improving soil organic matter, growing concern with respect to food safety and demand for food and cereals for the expanding global population. However, poor infrastructure & high initial investment and lack of awareness & low adoption rate of biofertilizers are hampering the market growth. Global biofertilizers market segmented on the basis of type, crop type, microorganism, application, form and region. For More Information: https://www.precisionbusinessinsights.com/market-reports/global-biofertilizers-market/
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