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Bio-Fertilizers Market Growth, Trends, Demand And Forecast By 2023
Bio-Fertilizers Market , Bio-Fertilizers Market Trends, Bio-Fertilizers Market Growth, Bio-Fertilizers Market Value,
Bio-fertilizers are made from human, organic and animal wastes and are sustainable in nature. Bio-fertilizers consist of microorganisms such as algae, bacteria and fungi, alone, or in combination, and they enhance nutrient availability in plants by fixing atmospheric nitrogen and dissolving the phosphorus present in the soil. These substances contain living microorganisms which promote plant growth by increasing the supply or availability of primary nutrients to the host plant.
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Various bio-fertilizers such as rhizobium, azotobacter, and azospirillium are used for soil and seed treatments. The various microorganisms used as nitrogen-supplying bio-fertilizers are azotobactor, rhizobium, actinorhizae and azospirillum. They are used for leguminous as well as non-leguminous crops such as rice and sugarcane. . Phosphate-solubilizing bio-fertilizers are widely used after nitrogen-fixing bio-fertilizers. Phosphate-solubilizing microbes secrete organic acids, which lowers the pH in the soil, so as to degenerate phosphates in the soil.
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Though chemical fertilizers increase crop production and yield, their overuse harms the environment and the soil, which is a key restraint in the global bio-fertilizers market. Some of the hazardous impacts of bio-fertilizers include decreased soil fertility, hardened soil, release of harmful greenhouse gases and polluted air and water.
Major competitors in the global bio-fertilizers market are Novozymes, Symborg, Labiofam, Agri Life, Ajay Bio-Tech Ltd., Antibiotice Iași, Biomax Life Sciences Limited and others. Ajay Bio-Tech Ltd. is concentrating its resources on western markets along with the Asian markets, as it believes that demand for bio-fertilizers in western countries will rise due to the extra emphasis laid on organic food and eco-friendly agriculture practices.
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