Biofertilizers and their current scenario
What is a Biofertilizers:
Biofertilizers are the preparations containing beneficial microorganisms this is when applied to seeds, plants, or soil, improve plant growth and soil fertility by increasing the availability of essential nutrients to plants.
They help plants get nutrients naturally by:
*Fixing atmospheric nitrogen
*Solubilizing and mineralizing phosphorus and other essential nutrients
*Decomposing organic matter.
There are different types of biofertilizers available in the market.
*Rhizobium – fixes nitrogen in legume crops
*Azotobacter – fixes atmospheric nitrogen
*Azospirillum – promotes plant growth and nitrogen fixation
*Phosphate-solubilizing bacteria (PSB) – make phosphorus available to plants
The current scenario of biofertilizers:
In today's world due to increasing in awareness of people about increasing of residual effects of chemical fertilizers in soil and foods. So many farmers are changing over to Organic farming.
The global biofertilizers market is expanding rapidly, projected to reach billions of dollars as agriculture shifts toward sustainable and eco-friendly practices.
*Market Size: The global biofertilizer market is valued at over USD 3 billion and continues to grow at a compound annual growth rate (CAGR) of roughly 10% to 12%.
*Drivers: Rising chemical fertilizer costs, severe soil degradation, and strict government policies favoring organic farming fuel this growth.
*Regional Shifts: Asia-Pacific shows the fastest regional growth due to rising populations and heavy government backing for sustainable farming, while North America maintains a major market share.
*Advanced Formulations: Modern production moves beyond basic carrier materials to liquid formulations, microencapsulation, nano- mobilization, and biofilm-based bio inoculants for better shelf life and field efficacy.
This the one of major achievement in the field of organic farming.