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Azatobacter : Global Biofertilizers Market will reach USD 1.88 Billion

The Global Biofertilizers Market is expected to reach USD 1.88 Billion by 2020 at a CAGR of 14.0% from 2015 to 2020.

The Asia-Pacific market will register the highest growth upto 2020 in consideration to the significant increase in the awareness level in consumers for health and wellness and increasing demand for healthy and clean label food in the region.

The growth of this region is due to the increasing per-capita spending power and promotions by government agencies in developing economies of the countries such as India and China.

Because of increase in demand for organic food products and increasing prices of chemical fertilizers are expected to drive the market for biofertilizers globally.

The factors such as increasing awareness regarding ill-effects of chemical fertilizers and increasing adoption of soil-fertility management will help in the growth of the biofertilizers market in the coming years.