The global biofertilizers market is estimated to grow at a CAGR of nearly 11.0% during the forecast period. There is an increasing trend towards organic farming across the regions. As per the Eurostat, in the EU, the total area under organic farming is constantly increasing, covering 13.4 million hectares of agricultural land in 2018. EU organic area grew by 70% in the last ten years. In 2018, the organic area consists of 7.5% of the total EU agricultural land. Moreover, in India, the total certified organic area is 3.56 million Hectare (2017-18). In 2018, India produced nearly 1.70 million tons of certified organic products which comprises a range of food products including sugar cane, oil seeds, cereals & millets, medicinal plants, cotton, pulses, tea, dry fruits, fruits, spices, coffee, vegetables, and more.
Among several states in India, Madhya Pradesh is the largest producer of organ products, which is followed by Maharashtra and Karnataka. In commodities, oil seeds are the major category followed by sugar crops, fiber crops, pulses, cereals and millets, medicinal, aromatic plants, herbal and spices and condiments. The country also exports organic products to other countries. During 2017-18, the total volume of export for organic products was 4.58 lakh million tons. The realization from organic food exports was nearly $515.4 million. The country exports organic products to the US, EU, Australia, Canada, Switzerland, Vietnam, Israel, New Zealand, South Korea, Japan, and more.
OMR Global Recently Published Report on: https://www.omrglobal.com/industry-reports/biofertilizers-market
Global Biofertilizers Market- Segmentation
By Type
- Nitrogen Fixing
- Phosphate Solubilizing
- Others
By Crop Type
- Cereals and Grains
- Oil Seeds and Pulses
- Fruits and Vegetables
- Others
By Application
- Soil Treatment
- Seed Treatment
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