Biofertilizers are defined as preparations containing living cells or latent cells of efficient strains of microorganisms that help crop plants’ uptake of nutrients by their interactions in the rhizosphere when applied through seed or soil. They accelerate certain microbial processes in the soil which augment the extent of availability of nutrients in a form easily assimilated by plants. The fertilizers are used to improve the fertility of the land using biological wastes, hence the term biofertilizers, and biological wastes do not contain any chemicals which are detrimental to the living soil.

Advantages of Bio Fertilizers:

1) Bio fertilizers are usually eco-friendly and also guard the particular ecosystem in opposition to pollution.

2) Bio fertilizers eliminate people damaging parts from your earth which usually result in conditions inside the crops. Crops can be safeguarded in opposition to drought as well as other stringent ailments through the use of resource fertilizers.

3) Bio fertilizers usually are not expensive and also weak farmers can easily utilize these.

4) They help acquire large produce regarding vegetation simply by creating the particular earth abundant together with vitamins and minerals and also microbes required for the particular progress with the crops.

5) Bio fertilizer increases the actual and also substance attributes regarding earth.

Biofertilizers have the potential to increase the health and productivity of plant life and reduce the need to use synthetic fertilizers. The term refers to the use of micro-organisms and organic compounds that improve the ability of plants to assimilate nutrients -- as opposed to the conventional purpose of fertilizer, which is simply to provide more nutrients.

Market Outlook

Fertilizers play an important role in increasing efficiency of agricultural output. With the strengthening of pricing control policies and reforms, the fertilizers market is expected to be regulated soon in India. Fertilizer products are based on chemicals such as Nitrogen, Potassium and Phosphorus, where nitrogen based fertilizers have the largest usage in India. The major factors which are driving the growth of the agricultural fertilizers market in India are government subsidy and increased demand of food grains. On the other hand, country is facing major challenges of limited availability of raw materials and irregular prices.

Indian agricultural fertilizers market is anticipated to be growing at the CAGR of around 7% during 2012-17. Indian fertilizers market structure constitute of public as well as private companies, manufacturing wide range of phosphatic and nitrogenous based fertilizers.

The demand in the global market for biofertilizers is projected to augment at a robust CAGR of 12.9% during the forecast period of 2017 to 2025, gaining traction from a number of factors such as growing awareness regarding its health and environmental benefits, gradual shift from chemical-based farming techniques to organic practices, growing adoption of biofertilizers in soil fertility management activities, growth of the organic food industry, and rise in the cost of chemical fertilizers and pesticides. This growth is mainly due to increasing penetration of bio fertilizers in agriculture, increase in demand for organic produce and easy availability of affordable bio fertilizer products to end users.

Application-wise, global biofertilizer market has been bifurcated into cereals and grains, fruits and vegetables, oil seeds and pulses and others segment including nursery turfs and ornamental plants. Currently, cereals and grains category provides the maximum demand for biofertilizers, owing to increasing population and decreasing arable land. It has been detected that cereals & grains need considerable amount of biofertilizers for proper growth. Rice, wheat, corn, oats, and barley are a few major cereal & grain crops cultivated extensively across the globe. Farmers have started to use biofertilizers as a replacement to chemical fertilizers as it helps in sustaining the soil nutrient generation cycle. This development has escalated the demand for biofertilizers, especially for cereal & grain cultivation.

Based on types, the global market for bio-fertilizers is segmented into nitrogen fixing, phosphate fixing, potash mobilizing and others. Nitrogen fixing bio-fertilizer is one of the prominent substitutes for commercial nitrogen fertilizers. The market scope for this bio-fertilizer is vast, as it is majorly used as nitrogen source for rice. Rice is a prominent crop in many countries, namely India, China, Indonesia, and Brazil, Japan and others, thus enhancing the market for the nitrogen fixing fertilizers.

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