Biofertilizers Market Regulatory Framework And Compliance Issues
Biofertilizers Industry Overview The global biofertilizers market size was valued at USD 1.66 billion in 2023 and is expected to grow at a CAGR of 13.3% from 2024 to 2030. The growth of the market is fueled favorable regulator scenario in Europe and North America coupled with significant technological innovations aimed at improving the biofertilizer production process. The growing awareness of the environmental impact of synthetic fertilizers has prompted manufacturers worldwide to allocate more resources to research and development for biofertilizers. This increased focus is anticipated to drive the demand for biofertilizers in the foreseeable future. Moreover, there is an increasing demand for organic food products, particularly in North America and Europe, which is expected to positively influence the product market in the coming years. Furthermore, the increasing recognition of the advantages associated with bio-based agricultural inputs,...