Market Trends of South America Biofertilizers Industry
The Practice of Organic Farming Increased
The increased concern for the environment has paved the way for the use of biofertilizers. The increasing cost of chemical fertilizers and the push from governments for sustainable farming is enabling farmers to adopt organic farming practices. Biofertilizers are used to improve the quality of soil, as they can help improve the quality of the soil without depriving it of essential nutrients.
Using biofertilizers also helps scale up plants' nutrient intake, which is essential in the current scenario. Biofertilizers, such as rhizobium, azospirillum, and phosphobacteria, deliver nitrogen and phosphorous nutrients to crop plants through the nitrogen fixation and phosphorous solubilization processes. These biofertilizers are utilized for rice, pulses, millets, cotton, sugarcane, and other horticulture crops.
Since biofertilizers can boost the soil organic matter, they are considered a few of the most important components of soil management in the current paradigm.
Argentina is Leading the South American Biofertilizers Market
Argentina accounted for 63.6% of the South American biofertilizers market in 2019. The total organic agricultural land treated with biological organic fertilizers in Argentina was around 3.39 million hectares as of 2017. Argentina has strict controls and legislation regulations that allow the commercialization of biofertilizers based on Rhizobia.
In Argentina, biological fertilizers are registered under the National Health and Agroalimentary Quality Service (SENASA), which, along with other government sectors, determines the adoption, restriction, and marketing of biofertilizers in the country. As an export-oriented market, the applications of biological organic fertilizer products increased with the adoption of sustainable farming practices and organic ingredients.
The cost-efficient product offerings further augment the country's market expansion. Over 70% of the country's biological organic fertilizer products are exported. The major crops treated with these products are pears, apples, oranges, mandarins, grapefruit, lemon, grapes, onion, garlic, asparagus, lettuce, beet, carrot, and cucumber.
