Biofertilizers Market Expected To Trigger A Revenue To Reach USD 1.67 Billion By 2022 : Grand View Research Inc.
San Francisco, 29 October 2019: The Report Biofertilizers Market Size, Share & Trends Analysis Report By Product (Nitrogen Fixing, Phosphate Solubilizing), By Application (Seed Treatment, Soil Treatment), And Segment Forecasts, 2012 – 2022 Global biofertilizers market is expected to reach USD 1.65 billion by 2022, according to a new study by Grand View Research, Inc. The industry is expected to witness significant gains over the next seven years owing to rising need for feasible eco-friendly solution for plant and soil growth. Emergence as drop in replacements for chemical fertilizers on account of environment friendly properties and similar applications is expected to promote growth. Stringent regulations coupled with government initiatives supporting biofertilizers use is a primary reason for perpetuating growth over the past few years. Favorable government support for use of eco-friendly products and increasing production output of organic foods is expecte