IMARC Group’s latest research report, titled “GCC Biofertilizer Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on GCC Biofertilizer Market Size.
The GCC biofertilizer market is expected to exhibit a CAGR of 14.20% during 2022-2027. Biofertilizers represent the natural substances that are composed of wastes containing living microorganisms, such as bacteria, fungi, cyanobacteria, etc. They are prepared using various application methods, including composting, vermin composting, active microorganisms, etc. Biofertilizers enhance the nutrient composition of the soil by solubilizing mineral ions and nitrogen fixation processes. They aid in decomposing organic matter, breaking down complex minerals, improving soil fertility, promoting plant growth, etc. As compared to chemical fertilizers, biofertilizers provide direct nutrition to plants, reduce pollution, prevent crop diseases, increase the quality and quantity of crop yield, support sustainable agriculture, etc.
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Important Attribute and highlights of the Report:
- Detailed analysis of the market share
- Market Segmentation by type, crop, microorganism and mode of application.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for GCC Biofertilizer Market
- Strategies of major players and product offerings
The escalating demand for organic products, on account of the growing consumer health consciousness, is primarily driving the GCC biofertilizer market. Additionally, government bodies across the GCC are launching several favorable policies, such as financial assistance to investors in setting up units, farm-level extension, subsidies on sales, etc., to promote the adoption of biofertilizers, which is further catalyzing the market growth. Besides this, the increasing utilization of biofertilizers, owing to their low production costs, eco-friendly nature, the easy availability of raw materials, etc., is acting as another significant growth-inducing factor. Moreover, the rising investments in R&D activities to study the microbial persistence of biofertilizers in soil under numerous conditions are also positively influencing the market across the GCC. In line with this, continuous technological advancements, including nanotechnology-based microbial inoculants, bacterial biofilms carriers, artificial selection of plant growth-promoting rhizobacteria (PGPR), etc., are anticipated to fuel the GCC biofertilizer market over the forecasted period.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Type:
- Nitrogen-Fixing Biofertilizers
- Phosphate-Fixing Biofertilizers
- Others
Breakup by Crop:
- Cereals and Grains
- Pulses and Oilseeds
- Fruits and Vegetables
- Others
Breakup by Microorganism:
- Cyanobacter
- Rhizobium
- Phosphate Solubilizing Bacteria
- Azotobacter
- Others
Breakup by Mode of Application:
- Seed Treatment
- Soil Treatment
- Others
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
TOC for the GCC Biofertilizer Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- GCC Biofertilizer Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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