HPM Chemicals & Fertilizers Limited is a pioneer basic technical manufacturer and formulator in crop protection segment. HPM Chemicals & Fertilizers Limited wants to help the global farmers for sustainable agriculture practices with advanced technology by investing in its production capacity of 6000 MTA to expand it. The new plant will help in producing next generation biofertilizers (insecticides, fungicides, herbicides and PGR (Plant Growth Regulators)). To meet the domestic and global requirements and in process to improve few new combinations based on these technologies, HPM is also in a venture of another independent facility for Mancozeb and other dithiocarbamates. While protecting plant, HPM is also aware about plant nutritional products and therefore they got new generation slow release fertilizers as a specialty segment to its brand business. HPM Product basket includes bio-fertilizers; bio-enzymes based formulation, mixture of amino acids and cytokines formulated in advanced technology for efficacious result. This specialty range of products gives surplus support to the farmers when used with other crop-protection chemicals. The Plant Growth Regulators (PGR) of HPM has sanctioned beneficial enzymes which has made healthier crops possible regardless of the weather and soil conditions.
HPM Chemicals & Fertilizers, India, found in 1974 is headquartered in NA, Delhi. HPM Chemicals & Fertilizers has revenue of $2.5M, and 57 employees. Being pioneer in the crop protection and crop nutrition industry, HPM has taken an oath to help in consistent growth among farming communities through healthy nutritious crops by working in close coordination with the farmers and has been able to meet the challenges by implementing bio-chemical engineering in their products. With innovation at their core, the company has launched many products both in the domestic and international market. Be it their technologically advanced crop nutrition products or the crop protection products, HPM has provided yeoman service in the crop protection and crop nutrition sector.
Market Data Forecast published a report named Global Biofertilizers Market was worth $1.20 billion in 2018 and estimated to be growing at a CAGR of 13.6%, to reach $2.27 billion by 2023.
Report is segmented by
Cereals & Grains
Pulses & Oilseeds
Fruits & Vegetables
Based on the type, Nitrogen-fixing bio-fertilizer is the leading segment of the market which is fuelled with the increasing acceptance and demand of these fertilizers and expected to expand enormously. Under crop, cereals and grains provide the maximum demand for biofertilizers, owing to increasing consumer demand due to rising population and decreasing arable land. It has been detected that cereals and grains need considerable amount of biofertilizers for proper growth. Farmers have started using biofertilizers as a replacement to chemical fertilizers as it helps in sustaining the soil nutrient generation cycle. This development has escalated the demand for biofertilizers, especially for cereal and grain cultivation.
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. Asia-Pacific is the leading consumer market of bio-fertilizer due to good awareness and government policies which are amongst the main growth drivers in this region. Asia-Pacific is also the most adaptable market for bio-fertilizer because of accessibility of raw material, low-priced labour force and large population of end- users.
Key market players in the market are -
Rizobacter Argentina S.A. (Argentina)
Novozymes A/S (Denmark)
HPM Chemicals & Fertilizers Limited
Camson Bio Technologies Limited (India)
Nutramax Laboratories Inc. (U.S.)
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