North American biofertilizer market to hit $205.6 million by 2018

December 25, 2012 |

In California, analysis from Frost & Sullivan, Strategic Analysis of the Biofertilizers Market in North America, finds that the market earned revenues of over $132.9 million in 2011 which is projected to equal $205.6 million by 2018. “Biofertilizers are available in nitrogen-fixing and phosphate-solubilizing forms, and can be combined into multi-functional formulations that increase yields per acre of legume and non-legume crops,” said Frost & Sullivan Senior Industry Analyst Raghu Tantry. “Their prescribed usage also improves the quality of crops.”

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