Organic Fertilizers Expected to Reach $3.1 Billion by 2027
The continuous decline of the earth's natural resources and increased use of hazardous chemical fertilizers pose great concern for the future of agriculture. Biofertilizers are a promising alternative to dangerous chemical fertilizers and are gaining importance for attaining sustainable agriculture. Biological organic fertilizer refers to materials used as fertilizer that occur regularly, usually as a by-product or end product of a naturally occurring process. It is primarily derived from animal-based and plant-based mineral ores, residues and beneficial microorganisms
Furthermore, factors that drive the global biofertilizers industry include an increase in the level of nitrogen and phosphorus available to plants more naturally than other fertilizers and soil improvement by restoring its normal fertility. In addition, biofertilizers boost quality and soil texture, which helps plants grow better during severe conditions, such as drought. Moreover, biofertilizers are affordable and easy-to-use options for manufactured petrochemical products. According to the publisher, Global Biological Organic Fertilizers Market will be US$ 3.1 Billion by 2027.
Based on Product Type, the Biological Organic Fertilizer Market Includes Microorganisms and Organic Residues
Microorganisms are commonly used as biofertilizers, including nitrogen-fixing and phosphate-solubilizing; the microorganisms present restore their nutrient cycle and enhance the soil's health. Most soils are deficient in phosphorus, an essential macronutrient apart from microorganisms such as azobacter, rhizobium, azospirillium and others. Rhizobium inoculant is used for leguminous crops. Azotobacter can be used with wheat, maize, mustard, cotton, potato and other vegetable crops
The selected strains of useful soil microorganisms used for seed treatment, soil treatment and root dripping or soil application are particularly gaining popularity among the farming communities. As per the research report, Worldwide Bio Organic Fertilizer Market Size will grow with a double-digit CAGR of 12.03% during (2020-2027)
For more information about this report visit https://www.researchandmarkets.com/r/9dihd3