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The GCC biofertilizer market is expected to exhibit a CAGR of 14.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Biofertilizers are composed of wastes containing living microorganisms, such as bacteria, fungi, and cyanobacteria. These are prepared using composting, vermin composting, and active microorganism application methods. Biofertilizers boost the nutrient composition of the soil by solubilizing mineral ions and nitrogen fixation processes. They also enrich the soil with organic nutrients, which aids in decomposing organic matter, breaking down complex minerals, improving soil fertility, and promoting plant growth. As compared to chemical fertilizers, biofertilizers offer direct nutrition to plants, improve overall soil fertility, reduce pollution, prevent crop diseases, increases the quality and quantity of crop yield, and support sustainable agriculture.
There is an increasing shift toward biofertilizers due to their eco-friendly nature, low production costs, and the easy availability of raw materials in the region. In line with this, the escalating demand for organic products due to inflating disposable incomes, rising health consciousness, and improving farming practices, are further intensifying product adoption. Additionally, the GCC government is undertaking several initiatives to promote the adoption of biofertilizers, such as farm-level extension, financial assistance to investors in setting up units, and subsidies on sales, which is acting as a growth-inducing factor. Other than this, continuous investments in research and development (R&D) activities to study the microbial persistence of biofertilizers in soil under different conditions are further fueling the market growth. Moreover, rapid technological advancements, including bacterial biofilms carriers, nanotechnology-based microbial inoculants, and artificial selection of plant growth-promoting rhizobacteria (PGPR), are contributing to the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC biofertilizer market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type, crop, microorganism and mode of application.
Breakup by Type:
Breakup by Crop:
Breakup by Microorganism:
Breakup by Mode of Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Crop, Microorganism, Mode of Application, Country|
|Region Covered||Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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