IMARC Group’s latest report, titled “GCC Biofertilizer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the biofertilizer market demand in GCC . The report also includes competitor and regional analysis, and contemporary advancements in the market. The GCC biofertilizer market is expected to exhibit a growth rate (CAGR) of 14.1% during 2023-2028.
Biofertilizers represent the natural substances made from wastes containing microorganisms, including bacteria, fungi, cyanobacteria, etc. They are prepared using several application methods, such as vermin composting, active organisms, and composting. Biofertilizers enhance the nutrient composition of the soil through nitrogen fixation processes and solubilizing mineral ions. They assist in improving soil fertility, promoting plant growth, decomposing organic matter, breaking down complex minerals, etc. In addition, biofertilizers provide direct nutrition to plants, reduce pollution, prevent crop diseases, increase the quality and quantity of crop yield, support sustainable agriculture, etc. As a result, these substances find extensive utilization by farmers in seed and soil treatment across the agriculture sector.
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GCC Biofertilizer Market Growth and Development:
The escalating demand for organic products, owing to the growing consumer health consciousness, is among the primary factors driving the GCC biofertilizer market. Besides this, the elevating requirement for these substances, on account of their low production costs, eco-friendly nature, the easy availability of raw materials, etc., is further augmenting the market growth.
Moreover, the extensive research and development (R&D) activities to study the microbial persistence of biofertilizers in soil under various conditions are also catalyzing the market across GCC. Apart from this, the emerging trend of nanotechnology-based microbial inoculants, bacterial biofilm carriers, and artificial selection of plant growth-promoting rhizobacteria (PGPR) is acting as another significant growth-inducing factor. Furthermore, the launch of favorable policies by the government bodies, such as farm-level extension and subsidies on sale and direct production, is expected to bolster the GCC biofertilizer market in the coming years.
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Key Market Segmentation:
Breakup by Type:
- Nitrogen-Fixing Biofertilizers
- Phosphate-Fixing Biofertilizers
- Others
Breakup by Crop:
- Cereals and Grains
- Pulses and Oilseeds
- Fruits and Vegetables
- Others
Breakup by Microorganism:
- Cyanobacter
- Rhizobium
- Phosphate Solubilizing Bacteria
- Azotobacter
- Others
Breakup by Mode of Application:
- Seed Treatment
- Soil Treatment
- Others
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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