Expectations of Higher Return-on-investment Boosts Biofertilizer Adoption in North America, Finds Frost & Sullivan

Expectations of Higher Return-on-investment Boosts Biofertilizer Adoption in North America, Finds Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, Dec. 20, 2012 - Current demand for multi-functional biofertilizers that improve quality and yield of crops in market MOUNTAIN VIEW, California, Dec. 20, 2012 /PRNewswire/ -- An increasing number of farmers in North America are replacing chemical fertilizers with biofertilizers, which are less expensive and more environmentally-friendly. In addition, the region's focus on mass production, high crop productivity, large farms and cooperatives, and advanced farming technologies have further spurred demand for biofertilizers, broadening the scope of the market in North America. New analysis from Frost & Sullivan (http://www.chemicals.frost.com), 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." On the downside, biofertilizers need major investments and long timelines to meet stringent research and testing requirements.