Briefing on the biofertilizer and its market situation
Biofertilizers are defined as preparations containing living cells or latent cells of efficient strains of microorganisms that help crop plants uptake nutrients by their interactions in the rhizosphere when applied through seed or soil. They accelerate certain microbial processes in the soil which augment the extent of availability of nutrients in a form easily assimilated by plants.
Biofertilizers have many advantages including:
1. biofertilizers are cost effective when compared to traditional fertilizers
2. reduce the need for traditional fertilizers
3. reduce the overall cost of the crop
4. reduce plant shock from transplantation
5. make plant nutrients more available to the plants
From the perspective of global biofertilizer region distribution, North America, Asia-Pacific and Europe accounted for a large proportion with the share of 26.86%, 23.87% and 21.75% respectively.
In China, biofertilizers are widely used in cultivation of vegetables, fruit tree, sugarcane, Chinese herbal medicine, tobacco, etc. According to the data from Ministry of Agriculture, the biofertilizer output has been rising steadily in the past six years and reached 15 million tons in 2017, increasing by 14.13% from a year earlier.
On the other hand, the biofertilizer demand in China has also shown a rising trend. In 2017, China's biofertilizer quantity demand reached 14.28 million tons, increasing by 17.53% from 2016.
In general, China's biofertilizer export is much larger than import. During these years, China's biofertilizer export volume has significantly decreased in 2015 and 2017. In 2016, the export peaked at 106,756 tons.