JSB Market Research

Biofertilizers are a composition of living cells or microorganisms that help the crop to boost the intake of nutrients from root secretions when applied either through seed or soil. Biofertilizers are cost-effective and perfect supplement for chemicals to blend nutrient management for organic production. There are different types of biofertilizers based on their content and function. Key among them are nitrogen biofertilizer, phosphorus biofertilizer and compost biofertilizer. Market Dynamics The tremendous growth of biofertilizers market is supported by a positive shift in standards of living, increasing demand for organic food and high purchase power of end consumer. Followed by harmful effects of contaminated soils through heavy usage of synthetic chemicals, the industry is keen towards making a transition towards alternative sources for avoiding further degradation of soil quality and contamination. Governments across the globe have come up with social schemes to promote s...

Global virgin coconut oil market stood at $ 2.7 billion in 2018 and is projected to grow at a CAGR of over 9% during the forecast period to reach $ 4.7 billion by 2024 , on the back of increasing investments in the industry. This influx of investments is supporting market players to increase their production capabilities and to cater to rising demand for coconut oil across the globe. Coconut is a widespread plantation and is grown in more than 80 countries. The world production of coconut is estimated at around 55 million tons annually. Coconut oil has significant use in toiletry, food and various industrial sectors. Increasing adoption of virgin coconut oil in various end use applications such as in food & beverages sector, on account of increasing demand for virgin coconut oil in various food products, is a key factor expected to drive global virgin coconut oil market. In addition, growing perception about virgin coconut oil being healthier than other oils among the gener...