Biofertilizer Technology Market Definition
Biofertilizer technology is used in the research and development of biofertilizers and its effect on the continuous advancement in technology. Biofertilizers are the substance that consists of the microorganism to be applied in the seeds, crops, and plants fo better yield and promoting the growth with the essential nutrients. In the biofertilizer technology various equipment like autoclave, laminar airflow chamber, PH meter, etc are used as it helps in monitoring the health and effects of the biofertilizer and accordingly change the contents for appropriate affect.
The market study is broken down by Type (Liquid and Carrier-based Biofertilizer), by Application (Cereals grains, Oil Crops, Fruits Vegetables and Other) and major geographies with country level splits.
Novozymes A/S (Denmark), T Stanes Company Ltd. (India), Som Phytopharma India Limited (India), LALLEMAND Inc. (Canada), Symborg (Spain), International Panaacea Limited (India), Kiwa Bio-Tech (United States), Kan biosys (India), Madras Fertilizers Ltd. (India), Rizobacter Argentina S.A. (Argentina) and Mapleton Agri Biotech (Australia) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Biofertilizer Technology market by Type, Application and Region.
On the basis of geography, the market of Biofertilizer Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Biofertilizer, the sub-segment i.e. Rhizobium will boost the Biofertilizer Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Equipments, the sub-segment i.e. Autoclave will boost the Biofertilizer Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
30th March 2020, Kiwa Bio-Tech Announces Agreement with China State-Owned Enterprises to Develop New Fertilizer Market Areas Including An Initial Order of at Least Seven Million Five Hundred Thousand Dollars.
On 7th January 2020, Biotechnology company Symborg has launched BlueN, the first sustainable biofertilizer that maximizes the efficiency of atmospheric nitrogen. BlueN is a 100 percent biological and sustainable solution that improves the natural use of atmospheric nitrogen by 60 percent, contributing to the preservation of the environment by preventing the emission of nitrous oxide gas in its manufacturing process, soil degradation and pollution of aquifers. It has also been approved for use in organic farming and areas of special environmental protection.
- Technological Advancements in Biofertilizer Technology with the Continuous Research and Development in the Biofertilizer Technology
- Growing Importance of the Agriculture Worldwide
- Need for the Better Yield and Crop Production
- Rising Government Programs and Investment in the Agriculture Sector will boost the Biofertilizer Technology Market
- Lack of Knowledge about the Use of Biofertilizer Technology
- Regulatory Guidelines and Compliances with the Biofertilizer Technology
Key Target AudienceBiofertilizer Technology Manufacturers, Biofertilizer Technology International Traders, Biofertilizer Technology Distributor, Research and Development Institutes, Regulatory Bodies, Potential Investors and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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