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(MoneyNewsWire.Net, August 29, 2017 ) The Middle-East and Africa Biofertilizers Market was worth $83.75 million in 2016 and estimated to be growing at a CAGR of 13.4%, to reach $157.05 million by 2021.
The market competition is expected to increase due to a surge in product and service extensions. The manufacturers compete in terms of brand, variety, price and availability. Some of the key barriers to the entrance of new player's is the advancements in technology and a substantial capital investment.
With the growing adoption of Bio fertilizers Market in soil richness management practices, the market for Biofertilizers is projected to have a positive viewpoint in the coming years. The increasing use of safe and eco-friendly methods for preserving soil nutrition will drive this market’s growth during the forecast period. Lack of awareness among farmers of developing countries is acting as a major restrain for the market.
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Middle-East and Africa market for Biofertilizers is segmented by type into Nitrogen Fixing, Phosphate Solubilizing and Potash Mobilizing. Based on crop type the market is segregated into Cereals & Grains, Pulses & Oilseeds and Fruits & Vegetables. On the basis of microorganism segmentation is among Azotobacter, Azospirillium, Rhizobium, Phosphate Solubilizing Bacteria and Cyanobacteria. By mode of application the market is bifurcated into Seed Treatment and Soil Treatment. By form the market is divided into Pure & Mixed Liquid Fermentations, Dispersible Granules and Pellets. Nitrogen-fixing bio-fertilizer is the leading segment of the market which is fuelled with the increasing acceptance and demand of these fertilizers and expected to expand enormously.
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Geographically the market is segmented into Middle-East and Africa. Africa dominates the Biofertilizers market in this region while Middle-East is expected to witness high growth in the forecast period.
The value chain includes producers in the Biofertilizers market and they are Lallemand Inc., Camson Bio Technologies Limited, Rizobacter Argentina S.A., Novozymes A/S, Camson Bio Technologies Limited and Nutramax Laboratories Inc., Symborg S.L., Mapleton Agri Biotech Private Ltd and AgriLife.
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