Africa Biological Organic Fertilizers Market - By Microorganism, Organic Residue, Application and Geography - Market Shares, Forecasts and Trends (2017 - 2022)Africa Biological Organic Fertilizer Market is expected to grow at a CAGR of 9.8% during 20152-2020. Organic fertilizers are derived from many animal plant based residues, mineral ores and also developed from beneficial microorganisms.
Organic fertilizer is applied in bulk or in concentrate depending on the nutrient level content in the particular concentration of product ingredients. These are low cost renewable sources of plant nutrients which supplement chemical fertilizers. The selected strains of beneficial soil microorganisms used either for seed treatment or soil application are particularly gaining momentum among farming community.
Focus on organic cultivation and the need for sustainable farming practices are the major reasons for a growing consumption of organic fertilizers in Africa. Various government subsidies and initiatives in developing countries for sustainable organic farming is expected to maintain continuous growth in the market. Less awareness among the farmers especially is restraining the growth of the market. The developing and untapped markets of Africa would provide substantial growth opportunity for the market.
The regional organic fertilizers market is divided into two major segments namely organic residue based fertilizers and microorganism (biofertilizers) depending on the source of nutrients and raw materials. More than half of the market share is covered by microorganism based organic fertilizers.
By means of microorganisms, nitrogen fixing bacteria such as rhizobium, azotobacter are widely applied and account for major market share. Organic residue based fertilizers are classified into farm yard manure (FYM), crop residues and green manure etc. depending on the source of raw material. By application in crops, the market is segmented into crop based and non-crop based applications.
The consumption of organic fertilizers in Africa is expected to increase with rising awareness among the farmers about the benefits of bio based and organic residue based fertilizers. The regional demand is led by countries like South Africa.
The key players in the market are focused on new product launch to cater to wider consumer base and expand market share in local market. The major players in the market are CBF China Biofertilizer A.G., Novozymes A.S., Rashtriya Chemicals & Fertilizers Ltd and Agri Life etc.
In this report we offer,
Market analysis for the Africa Biological Organic Fertilizers Market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Africa Biological Organic Fertilizers Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped