Boston, MA -- (ReleaseWire) -- 07/25/2014 -- The global biofertilizers market is dominated by North America and Europe The main reason for the growth in European nations is the stringent regulatory framework regarding maximum residue level as well as the increasing cost of chemical fertilizers. The market in the Asia-Pacific region has picked up pace due to rising awareness among farmers as well as consumers about the harmful effects of chemicals. More emphasis is being laid on sustainable agriculture by the governments. Increased rate of consumption of organic food all over the world, due to the health hazards caused by chemicals to soil and to human health, is another factor triggering the growth of the biofertilizers industry in the Asia-Pacific region. Along with catering to the local market, the Asia-Pacific and ROW regions are the biggest exporters of biofertilizers.
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There is a surge in demand for biofertilizers in European countries such as Spain, Italy, and Denmark. Thus, a rise in the rate of consumption of organic food and stringent regulatory frameworks concerning the maximum chemical residue is the major factor for the growth of the biofertilizers industry in different regions. The global biofertilizers market comprises numerous regional companies instead of few large global players. Some major companies in the biofertilizers sector include Novozymes A.S. (Denmark), National Fertilizers Limited (India), Madras Fertilizers Limited (India), Gujarat State Fertilizers & Chemicals Ltd. (India), Rizobacter Argentina S.A. (Argentina), T. Stanes & Company Limited (India), Camson Bio Technologies Limited (India), Rashtriya Chemicals & Fertilizers Ltd (India), Nutramax Laboratories Inc. (U.S.), and Lallemand Inc. (Canada).
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