The Report “Latin America Bio-Fertilizers Market by Application (Cereals & Grains, Fruits & Vegetables, Pulses & Grains), by Type (Nitrogen Fixing, Phosphate Solubilizing, Potash Mobilizing, Others), by Source, by Geography - Analysis and Forecast to 2019”, is estimated to reach $327.8 million by 2019, growing at a CAGR of 15.0% from 2014 to 2019.
Browse through the TOC of the Latin America Bio-Fertilizers Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Bio-fertilizers are produced by utilizing live microorganisms. They can be applied to soil, seed, or plant surfaces, and are applied to optimize plant growth by enhancing the supply of essential nutrients to plants. Bio-fertilizers increase soil fertility through various processes, such as phosphorus solubilizing, nitrogen fixation, and synthesis of growth-enhancing substances. These processes are completely natural and hence do not cause harmful environmental impact. Bio-fertilizers is an emerging market in Latin America. Agricultural as well as arable land in Latin America has been declining over time, due to heavy industrialization, mining, and urbanization. Furthermore, the fertility of the soil has been depleting, owing to the extensive use of chemical fertilizers. Therefore, farmers are increasingly opting for organic manure and bio-fertilizers to maintain the soil fertility as well as enhance crop yield. In the recent scenario, the increasing shift towards organic farming is expected to further aid the growth of the bio-fertilizers in the region.
The major advantages of using bio-fertilizers are lower soil acidification, higher longevity, and zero environmental impact. In Brazil, the market for bio-fertilizers is expanding, due to strong commercial appeal related to its benefits to soil and the environment as a whole. The main crops where bio-fertilizers are applied are beans, corn, rice, sugarcane, soybean, eucalyptus, citrus, tomatoes, cotton, forage crops, and carrots.
This report also includes market share and value chain analyses, along with market metrics such as drivers and restraints. In addition, it also presents competitive landscape and company profiles of the key players in the Latin American bio-fertilizers market.
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