Bio fertilizers are a type of fertilizer that is made from organic matter, such as compost, manure, or plant remains. They are a more sustainable alternative to chemical fertilizers, as they do not contribute to pollution and can actually help to improve soil health.
The global bio fertilizer market is growing rapidly, as more and more farmers are looking for sustainable ways to fertilize their crops. In 2021, the market was valued at $2.8 billion, and it is projected to grow to $6.2 billion by 2028.
There are a number of large, well-established bio fertilizer manufacturers in the world. The top 10 manufacturers by market share are:
When choosing a bio fertilizer manufacturer, it is important to consider the following factors:
There are many benefits to using bio fertilizers, including:
Bio fertilizers can be used in a variety of applications, including:
The future of the bio fertilizer industry is bright. As more and more farmers adopt sustainable farming practices, the demand for bio fertilizers is expected to continue to grow.
Rank | Manufacturer | Market Share |
---|---|---|
1 | Novozymes | 20.5% |
2 | BASF | 15.3% |
3 | Yara International | 12.7% |
4 | Bayer CropScience | 10.8% |
5 | Syngenta | 9.5% |
6 | UPL | 8.2% |
7 | Sumitomo Chemical | 7.5% |
8 | FMC | 6.8% |
9 | Biostadt | 6.2% |
10 | Lallemand | 5.9% |
Benefit | Description |
---|---|
Improved soil health | Bio fertilizers help to improve soil structure, water retention, and nutrient availability. |
Reduced pollution | Bio fertilizers do not contribute to pollution, as they are made from organic matter. |
Increased crop yields | Bio fertilizers can help to increase crop yields by providing essential nutrients to plants. |
Application | Description |
---|---|
Agriculture | Bio fertilizers can be used to fertilize crops, vegetables, and fruits. |
Horticulture | Bio fertilizers can be used to fertilize flowers, shrubs, and trees. |
Landscaping | Bio fertilizers can be used to fertilize lawns, parks, and gardens. |
Year | Market Value |
---|---|
2021 | $2.8 billion |
2028 | $6.2 billion |
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