Global Biofertilizer Market Bolstered by Favourable Government Initiatives
According to a latest report by IMARC Group, titled "Biofertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022", the global biofertilizer market reached a value of around US$ 9.1 Billion in 2016, exhibiting a CAGR of around 13% during 2009-2016. The term biofertilizer refers to the use of microbes and organic compounds used to stimulate plant growth and improve soil fertility. Unlike chemical fertilizers, which provide direct nutrition, biofertilizers help in improving soil fertility in other ways....
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