Commercial Opportunity

“The global biofertilizers market size was valued at $2.02 billion in 2022 & is projected to grow from $2.26 billion in 2023 to $5.02 billion by 2030”.
(Fortune Business Insights, 2023)

There is a very commercial opportunity for bio-fertilisers and bio-products (organic products) that increase yields substantially, resotre the soil and afford employment and income opportunities for small holders and organisations.

Lifeworks has developed a complete support package to enable farmers and groups to realise the potential of this from the village level to the national level.

 

These are some of the key products

Organic or bio fertilizers are fertilizers that are naturally produced from animal or plant sources, or from minerals and ash. They have the following properties

• They provide a balanced and lasting supply of nutrients to the plants and the soil, such as nitrogen, phosphorus, potassium, calcium, magnesium, and sulfur.

• They improve the physical, chemical, and biological properties of the soil, such as water retention, aeration, pH, organic matter, and microbial activity.

• They enhance the plant growth and yield, as well as the quality and flavor of the crops, by stimulating the synthesis of growth-promoting substances and increasing the resistance to pests and diseases.

• They do not cause any pollution or harm to the environment or human health, unlike chemical fertilizers that may leach, runoff, or emit greenhouse gases.

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