The Latin American bio-fertilizers market is estimated to grow at a CAGR of 15.0% from 2014 to 2019. In Latin America, the remarkable biotechnological growth in the field of fermentation technology is expected to aid the growth of the bio-fertilizers market in the region. These developments have led to the production of better quality bio-fertilizers. Advanced molecular biology has enabled the fermentation process to be economical and streamlined for commercial level production.
In this report, the Latin American bio-fertilizers market has been segmented based on major applications, such as cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Cereals & grains is projected to be the fastest-growing segment of the market during the forecast period of 2014 to 2019. The in-depth analysis of the Latin American bio-fertilizers market by type such as nitrogen-fixing, phosphate solubilizing, and potash mobilizing has also been discussed in this report.
The Latin American bio-fertilizers market is dominated by Brazil, followed by Argentina. In Brazil, the market for bio-fertilizers is expanding, due to strong commercial appeal related to its benefits to soil and the environment. The rising emphasis by government agencies and increasing health conscious population are expected to drive the Latin American bio-fertilizers market.
Novozymes A/S (Denmark), Antibotice S.A., and Rhizobacter Argentina SA (Argentina) are the major firms operating in the Latin American bio-fertilizers market in the region. These companies are developing market strategies such as mergers and acquisitions, joint ventures, new product development and expansion to increase their market share in this market.
