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 large market for bio-fertilisers and bio-products (organic products) that offer employment and increased income opportunities from the village level up.
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
![Bag and bottle of fertiliser](https://lifeworks.global/wp-content/uploads/2024/02/Bag-and-bottle-of-fertiliser.png)
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.