Middle East & Africa Biofertilizers Market Overview and Growth Rate Analysis 2020 to 2025 | Agrilife, Rizobacter Argentina SA, International panaacea ltd

By: X herald

The Middle East & Africa Biofertilizers Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Middle East & Africa Biofertilizers market report provides information regarding market size, share, trends, growth, cost structure, Middle East & Africa Biofertilizers market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2025.

The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. This report also includes the overall and comprehensive study of the Middle East & Africa Biofertilizers market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative analysis of the Middle East & Africa Biofertilizers industry and provides data for making strategies to increase market growth and effectiveness.

The Middle East & Africa Bio fertilizers Market is projected to grow at a CAGR of 6.4% during the forecast period (2020-2025).

Competitive Landscape: Agrilife, Rizobacter Argentina SA, International panaacea ltd, Microbial Biological Fertilizers International (MBFI), Mapelton Agri Biotec PTY ltd, Symborg, and others.

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Key Market Trends

Increased Food Demand and Need for Sustainable Agricultural Development

Africa has the highest population with the largest arable land. For instance, the Sub-Sahara Africa region has 13% of the world population and has approximately 20% of global agricultural land. However, the region is facing severe food insecurity which is primarily attributed to inadequate food production. The lack of access to mechanization in farming and limited use of fertilizers due to less farmer buying power is driving the demand for alternative cost-effective fertilizers such as bio-fertilizers in the region. Smallholder farms in sub-Saharan Africa accounts for around 33 million, representing 80% of all farms in the region. Low fertility and inefficient management of soils have been major productivity challenges among African smallholder farmers. This can be somehow mitigated by the usage of inorganic fertilizers but their usage in soil nutrient management is unsustainable, causing soil degradation and environmental pollution. Currently, the increase in demand for sustainable agriculture is driving farmers to adopt a cost-effective integrated nutrient management system. This, in turn, may lead to a demand for biofertilizers in the region.

Grains and Cereals Holds a Prominent Share

Africa is the origin of major cereal crops that include pearl, sorghum, millet, and rice Another major cereal wheat is widely cultivated in Sudan and Ethiopia. Maize has overtaken these traditional cereals over the last few years. For instance, Rhizofos maize and Rhizopus Wheat and Barley products from Rhizobacter Argentina are extensively used for South Africa that increases maize yield by 15.3% and in the greenhouse by 18.4% compared to synthetic fertilizers, thus increasing yield per hectare will boost the biofertilizer market during the forecast period. In Africa, Tanzanian and Kenyan small farmers produce 69% and 63% of the food in the country, respectively. The economic condition of most sub-Saharan Africa countries cannot support the development of commercial agriculture and the use of expensive farm inputs such as inorganic fertilizer which damage the African soil. Therefore low-cost fertilizers such as biofertilizers will drive the market in the African region, as the region comprises small and marginal farmers in large share.

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