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Agri Business Review | Saturday, November 18, 2023
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Summary: The intricate realm of biofertilisers highlights their pivotal role in enhancing soil fertility and promoting eco-friendly farming.
FREMONT, CA: Modern agriculture has shifted toward sustainability, prioritising biofertilisers and organic practices. This reflects a conscious move within the agricultural sector, emphasising eco-friendly approaches and reduced dependence on synthetic inputs. Biofertilisers and organic methods are crucial in fostering soil health, boosting crop productivity, and minimising environmental impact. This approach, driven by innovation and sustainability, marks a redefinition of traditional farming, ushering in an era that aligns agricultural progress with ecological preservation.
An Overview of Biofertiliser and Organic Farming
Biofertilisers are organic fertilisers high in nutrients like potassium, phosphorus, and nitrogen from natural sources, including plants, animals, and microbes. They provide an affordable, eco-friendly substitute for synthetic fertilisers.
Biofertilisers improve crop output and soil fertility when applied directly to the soil. They improve soil health using organic farming techniques like mulching and composting. By lowering the need for chemical fertilisers, biofertilisers help protect the environment and minimise water pollution. Biofertilisers have advantages for the environment and improve crop quality by increasing nutrient content and flavour. They also increase the resistance of plants to pests and illnesses.
As a subcategory of agriculture, organic farming emphasises natural practices, eschewing genetic engineering, industrial fertilisers, and pesticides. Rather, organic farmers feed their plants with compost, manure, and naturally available nutrients. In organic agriculture, conventional farming practices support soil fertility, biodiversity, and water conservation. This strategy places a focus on producing food in an eco-friendly manner while honouring wildlife and the environment.
The global biofertiliser market is anticipated to increase from $2.02 billion to $4.47 billion at a compound annual growth rate of 12.04 per cent. According to the Research Institute of Organic Agriculture, 72.3 million hectares of agricultural land are managed through organic agriculture worldwide, making it one of the agricultural practices with the quickest growth rate.
Synthetic fertilisers killed microorganisms and poisoned the soil. In an effort to lessen soil degradation, organic farming is quickly gaining popularity. Using the greatest available local resources, organic agriculture improves soil fertility without using GMOs, agrochemicals, or many other synthetic compounds added to food.
Farmers are adopting bio-based fertilisers that comply with organic food production regulations due to the growing demand for organic food. The biofertiliser market is expected to rise in the near future due to higher adoption and appreciation rates among farmers in both developed and emerging nations. It is anticipated to grow even more due to agricultural producers' active participation in extending their biological agriculture methods, including bio-origin fertiliser usage. There are significant prospects for market expansion across numerous areas and nations worldwide due to increased per capita income and demand for food products.