Agriculture

BIO FERTILIZERS

Bio – fertilizers a Future Prospect Towards Sustainable Agricultural Development Biofertilizers Market was valued at US $ 1.5 billion in 2020 and is expected to grow at a CAGR of 12 % over the forecast period ( 2021-2027 ) . Biofertilizers comprises living microbes , which when applied to seed , plant , and soil , stimulate growth by supplying essential nutrients , such as N , P , and other mineral nutrients . The rise in demand for organic products is booming , due to the increase in conscientious consumers , but also due to rising incomes , along with improved farming practices that make organic yields more robust . This resulted in increased adoption of biofertilizers . A total of 71.5 million hectares were organically managed at the end of 2018 , representing a growth of 2.9 percent or 2 million hectares compared to 2017. Australia has the largest organic agricultural area ( 35.7 million hectares ) , followed by Argentina ( 3.6 million hectares ) , and China ( 3.1 million hectares ) . Due to the large area of organic farmland in Australia , half of the global organic agricultural land is in Oceania ( 36.0 million hectares ) . Europe has the second area ( 15.6 million hectares ) , followed by Latin America ( 8 million hectares ) . The organic area increased in all continents compared to 2017. #future #growth #sustainable #farming #latinamerica …

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