Biofertilizers Market Industry Size, Share, Growth, 2022-2028
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting , revealed that the global biofertilizers market was worth USD 2.7 billion in the year 2022. It is estimated to grow at a CAGR of 11.70 %, earning revenue of around USD 5.7 billion by the end of 2028. The global biofertilizers market is flourishing at a high rate owing to the increasing concerns towards the environment and rising demand for sustainability in agricultural practices. Furthermore, the increasing popularity of organic food among consumers is also providing lucrative growth opportunities to the market. However, limited awareness of the benefits of biofertilizers is acting as one of the major restraining factors for the global biofertilizers market. Long-Term Advantages Of Biofertilizers Use Is Propelling The Growth Of Global Biofertilizers Market The use of biofertilizers is increasing at a high rate owing to the long-term...