In Texas, MarketsandMarkets has a report predicting that the global market for biofertilizers will reach $10,298.5 million by 2017, growing at the CAGR of 12.8% from 2012 to 2017. The market in 2011 was estimated to be worth around $5,013.1 million in 2011.
Leading companies focused on expansion of the business in local as well as foreign market and setting up new plant for increasing production capacity with product line. The report is titled “Global Biofertilizers Market By Types (Nitrogen Fixing, Phosphate Solubilizing, And Potash Mobilizing), Applications and Geography – Trends and Forecasts To 2017.”
More background on the story from the Digest
Category: Chems & Materials