Biofertilizer Market Forecast: The Influence of Regulations on Industry Growth Worldwide
The increasing awareness among farmers about the adverse effects of chemical fertilizers on soil health and the environment. This awareness has prompted a shift towards sustainable agricultural practices, driving the demand for biofertilizers. Additionally, stringent regulations aimed at reducing chemical fertilizer usage and promoting organic farming practices have further fueled market growth. Moreover, advancements in biofertilizer technology, such as improved formulations and application methods, have enhanced their efficacy, driving adoption rates among farmers worldwide.