Middle-East and Africa Biofertilizers Market was worth $0.101 billion in 2021 and estimated to be growing at a CAGR of 13.4%, to reach $0.350 billion by 2027.
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 players are the advancements in technology and substantial capital investment.
Market Drivers and Restraints
With the growing adoption of Biofertilizers 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.
Phosphate Solubilizing and Potash Mobilizing
Cereals & Grains
Pulses & Oilseeds and Fruits & Vegetables
Phosphate Solubilizing Bacteria and Cyanobacteria
Seed Treatment and Soil Treatment.
Pure & Mixed Liquid Fermentations
Dispersible Granules and Pellets
Nitrogen-fixing bio-fertilizer is the leading segment of the market which is fuelled by the increasing acceptance and demand of these fertilizers and is expected to expand enormously.
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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