(EMAILWIRE.COM, January 03, 2018 ) The Asia-Pacific Biofertilizers Market was worth $307.07 million in 2016 and estimated to be growing at a CAGR of 14.4%, to reach $601.67 million by 2021. The Asia-Pacific market is likely to register the highest growth due to the noteworthy increase in the awareness level in farmers for benefits of Biofertilizers.

Biofertilizers are defined as preparations comprising living cells or hidden cells of effective strains of microorganisms that help crop plants to uptake nutrients. Use of Biofertilizers is one of the essential components of combined nutrient management, as they are cost effective and renewable source of plant nutrients to enhance the chemical fertilizers for sustainable agriculture.

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Significant R&D efforts have been started in the last few years along with rising awareness of the farmers; these are the major factors driving the growth of this market. The high growth prospective in developing markets and available regions offer new growth opportunities for the players in the Biofertilizers market. Low adoption of these fertilizers is majorly hampering the growth of the market.

Asia-Pacific 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 China, India, Japan, South Korea and Australia. India is anticipated to witness highest growth in the forecast period due to increasing awareness among farmers for the benefits of Biofertilizers.

The value chain includes producers in the Biofertilizers market and they are Lallemand Inc., Camson Bio Technologies Limited (India), Rizobacter Argentina S.A., Novozymes A/S, Camson Bio Technologies Limited (India) and Nutramax Laboratories Inc., Symborg S.L., Mapleton Agri Biotech Private Ltd and AgriLife.

Market Segmentation
1) By Type
• Nitrogen Fixing
• Phosphate Solubilizing
• Potash Mobilizing
• Others

2) By Crop Type
• Cereals & Grains
• Pulses & Oilseeds
• Fruits & Vegetables
• Others

3) By Microorganisms
• Azotobacter
• Azospirillium
• Rhizobium
• Phosphate Solubilizing Bacteria
• Cyanobacteria
• Others

4) By Mode of Application
• Seed Treatment
• Soil Treatment
• Other Applications

5) By Form
• Pure & Mixed Liquid Fermentations
• Dispersible Granules
• Pellets
• Others

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Reasons to buy Asia-Pacific Biofertilizers Market Research Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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