The global Biofertilizers Market is projected to grow at over 13.2 % CAGR during 2016 to 2024 (forecast period). It should reach around USD 2 billion by 2024. The industry may gain considerably due to the need for feasible ecological solutions for soil & plants.
High applications of agrochemicals for plants & crops resulting in eco-safety are said to be the key market driver. Biofertilizers help maintain the health of crops ... Read more
The global market for biofertilizers has been witnessing high demand for the last few years and is projected to reach USD 2653.48 million by 2023 compared to USD 1183.34 million in 2017. Increasing awareness regarding sustainable agriculture followed by various government initiatives to promote the product is majorly driving the growth of the market. Moreover, the growing trend of inclination towards organic foods from the consumers is boosting ... Read more