Biofertilizers — a market that promises to flourish

The growing awareness of the environmental effects caused by chemical fertilizers and the demand for organic products has increased the demand for ecological alternatives in agriculture.
On the front lines of that movement, the biofertilizers come gaining importance, with a market that should reach $ 1.88 billion in 2020, an increase of 14% from 2015. The data are from a report by Marketsandmarkets global research consultancy.
The result of biofertilizers biodigestion of organic compounds of plant and animal origin and, unlike chemical fertilizers, are made up of a variety of species of microorganisms, considered beneficial to the soil.
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They have the property to help the plants to absorb better nutrients present on Earth and increase the concentration and availability of certain substances.
Biofertilizers also act as a physical barrier against diseases and protect plants from pests, in addition to decompose organic waste by stimulating the growth of crops.
The need to develop alternative strategies of management of soil fertility shakes the market of bio-fertilizers, which have a strong competition, due to the presence of a large number of small and large scale.
"Expansions, acquisitions, new product launches and agreements are the main strategies adopted by market players to ensure their growth in this sector, the consultancy.
Currently, biofertilizers market is dominated by companies like Novozymes (Denmark), National Fertilizers Limited (India), Madras Fertilizers Limited (India), Gujarat State Fertilizers & Chemicals Ltd. (India), and Rizobacter Argentina s.a. (Argentina).