Biofertilizer Production

Two bunches of bananas growing on a tree on the plontage of the island of Mauritius.

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Biofertilizer Production
Biofertilizer Production
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Produce biofertilizers based on living micro-organisms, such as phosphate solubilizing bacteria, to be used in seed, root and soil treatment as local agri-inputs.

Expected Impact

Advance sustainable agricultural practices with greater yields and lower negative impacts on the environment and human health.

How is this information gathered?
Updated: 23 Nov, 2022 Date of Production: 1 Sep, 2022
Mauritius
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
EBITDA margin of 10%
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Decent Work and Economic Growth (SDG 8) Life on Land (SDG 15)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Good health and well-being (SDG 3) Life Below Water (SDG 14) Responsible Consumption and Production (SDG 12)

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Sector Sources
  • 1) A. Darras, P-M. Bosc and I. Mialet-Serra. 2020. L'Agriculture à Maurice : Évolution, Chiffres Clés et Défis. https://www.prerad-oi.org/content/download/4983/36570/version/1/file/7.+Agriculture+de+Maurice_OA-OI_20-05-2021+Vdef+opt.pdf. 2) Ministry of Agro-Industry and Food Security. 2016. Strategic Plan (2016-2020) For the Food Crop, Livestock and Forestry Sectors. https://agriculture.govmu.org/Documents/Report/Book%20Final.pdf. 3) Republic of Mauritius. 2017. Mauritius National Export Strategy 2017-2021. https://www.tralac.org/documents/resources/by-country/mauritius/383-mauritius-national-export-strategy-2017-2021/file.html. 4) FAO. Organic Farming, FAO TCP/MAR/3502: Support for the development of organic farming and institutional capacity building in Mauritius. https://agriculture.govmu.org/Documents/BIO/organic%20farming%20powerpoint%20presentation.pdf. 5) President of the Republic of Mauritius. 2020. Government Programme 2020-2024, Towards an Inclusive, High Income and Green Mauritius, Forging Ahead. http://www.govmu.org/English//DOCUMENTS/GOVT%20PROGRAMME%202020-2024.PDF. 6) Le Mauricien. 31 December 2014. Daniel Bernasconi (Agronome d'Agribio Ltd): "Pas de contrôle ni de traçabilité concernant les pesticides dans les légumes". https://www.lemauricien.com/le-mauricien/daniel-bernasconi-agronome-d-agribio-ltd-pas-controle-ni-tracabilite-concernant-les-pesticid/46244/.
IOA Sources
  • 7) Mauritius Chemical and Fertilizer Industry Limited (MCFI). 2020. Annual Report. https://www.mcfi.mu/sites/mcfi/files/MCFI_AR2020.pdf. 8) Africa2trust. Aadicon Biotechnologies Limited. https://www.africa2trust.com/member/?l=1&c=31&sid=9731&glx=0&catid=1. 9) International Fertilizers Association. 2021. Public Summary, Medium-Term Fertilizer Outlook 2021-2025. https://www.ifastat.org/market-outlooks. 10) A. Raimi, A. Roopnarian, R. Adeleke. 2021. Biofertilizer production in Africa: Current status, factors impeding adoption and strategies for success. https://www.sciencedirect.com/science/article/pii/S2468227621000028. 11) Ministry of Health and Quality of Life. February 2014. National Chemical Profile of the Republic of Mauritius. https://health.govmu.org/Documents/Departments-Hospitals/Departments/Documents/Dangerous/National%20Chemicals%20Profile%20correction%20page%2092%20NCP.pdf. 12) The Gef. June 5, 2016. Less Waste in the Landfills: Compost Production in Mauritius. https://www.thegef.org/news/less-waste-landfills-compost-production-mauritius. 13) Republic of Mauritius. October 2021. Final updated Nationally Determined Contribution. https://www4.unfccc.int/sites/ndcstaging/PublishedDocuments/Mauritius%20First/Final%20Updated%20NDC%20for%20the%20Republic%20of%20Mauritius%2001%20October%202021.docx. 14) World Bank Group. 2018. Mauritius: Earnings Mobility and Inequality of Opportunity in the Labor Market. https://www.npccmauritius.org/images/download/56.pdf. 15) Rughoonauth, Nitin. 2021. The Scourge of Pesticides Overuse in Mauritius - How Far are we in the Ongoing Ecological Disaster?. Published on Charles Telfair Center (CTC). https://charlestelfaircentre.com/the-scourge-of-pesticides-overuse-in-mauritius-how-far-are-we-in-the-ongoing-ecological-disaster/. 16) Popular Kheti. 2019. Biofertilizers – Types and Benefits. http://popularkheti.com/documents/PK-7-3-5-16-20.pdf. 17) Agence Bio. 2020. Organic sector in the world, Edition 2020. https://www.agencebio.org/wp-content/uploads/2021/03/OrganicSector2020_EnglishVersion.pdf. 18) UN Department of Economic and Social Affairs. SDG Indicator Database. https://unstats.un.org/sdgs/unsdg. 19) Team Trade. June7, 2019. Biofertilizers: What are the Pros and Cons?. https://blog.teamtrade.cz/biofertilizers-what-are-the-pros-and-cons/. 20) Republic of Mauritius. 2012. National Climate Change Adaptation Policy Framework for the Republic of Mauritius. https://www.greengrowthknowledge.org/sites/default/files/downloads/policy-database/MAURITIUS%29%20National%20Climate%20Change%20Adaptation%20Policy%20Framework%20for%20the%20Republic%20of%20Mauritius.pdf. 21) Republic of Mauritius. 2007. National Environmental Policy. https://wedocs.unep.org/bitstream/handle/20.500.11822/8990/-National%20Environment%20Policy%20-%20Mauritius-2007NEP2007FINAL.pdf?sequence=3&amp%3BisAllowed=. 22) President of the Republic of Mauritius. 2018. The Use of Pesticides Act 2018, Act No.8 of 2018. https://mauritiusassembly.govmu.org/Documents/Acts/2018/act0818.pdf. 23) Ministry of Agro-Industry and Food Security. 2016. Bio-Farming Scheme. https://agriculture.govmu.org/Documents/Schemes/Biofarming%20promotion%20%20scheme19dec.pdf#search=organic%20farming. 24) R. Sultan and M. Harsdoff. 2021. Modelling Green Employment and Low Carbon Development: A Basis for Economic Recovery Post Covid-19 in Mauritius. https://www.tradeeconomics.com/wp-content/uploads/2021/12/03.pdf. 25) Republic of Mauritius. 2013. Maurice Île Durable, Policy, Strategy and Action Plan. http://mid.govmu.org/portal/sites/mid/file/full%20report%20midpolicy.pdf. 26) FAO. 2018. Fishery and Aquaculture Country Profiles, The Republic of Mauritius. https://www.fao.org/fishery/en/facp/mus?lang=en. 27) Ministry of Foreign Affairs. 2019. Voluntary National Review Report of Mauritius 2019. https://sustainabledevelopment.un.org/content/documents/23462Mauritius_VNR_Report_2019.pdf. 28) President of the Republic of Mauritius. 1980. Chemical Fertilizers Control Act, RL 1/411. http://extwprlegs1.fao.org/docs/pdf/mat9844b.pdf. 29) President of the Republic of Mauritius. 1980. Chemical Control Fertilizers (Licensing) Regulations, Government Notice No. 43 of 1980. http://extwprlegs1.fao.org/docs/pdf/mat67615.pdf. 30) Republic of Mauritius. 2020. Health Sector Strategic Plan 2020-2024, Caring for People’s Health and Well-Being across the Lifespan. https://health.govmu.org/Communique/HSSP%20Final%2015%20September%202020.pdf. 31) President of the Republic of Mauritius. 1998. The Food Act 1998, Proclamation No. 23 of 1999. https://www.mcci.org/media/35803/the-food-act-1998.pdf. 32) MCAF. Products. https://mcafcoop.com/products/organic-bio/. 33) World Bank. 2021. Trade Policy Review, Mauritius. https://www.wto.org/english/tratop_e/tpr_e/s417_e.pdf. 34) Government of Uttarakhand. 2018. Manufacturing Unit Focusing of Bio-Fertilizers and Bio-Pesticides Unit, Biotechnology. https://investuttarakhand.uk.gov.in/themes/backend/investible/IP%20UK%20Manufacturing-of-Biofertilizers-and-Biopesticides.pdf. 35) UNDP-Business Mauritius. 2021. Circular Economy: Optimising private sector investment in Mauritius. https://www.mu.undp.org/content/dam/mauritius_and_seychelles/docs/circular-economy/Circular%20Economy-%20Optimising%20private%20sector%20investment%20in%20Mauritius.pdf. 36) Ministry of Blue Economy, Marine Resources, Fisheries and Shipping. Fisheries Sector in Mauritius. https://blueconomy.govmu.org/Pages/Fisheries.aspx. 37) Republic of Mauritius. November 2020. Statistics in Mauritius, A gender Approach, 2018. https://gender.govmu.org/Documents/2020/Statistics%20in%20Mauritius%20A%20Gender%20Approach%20Year%202018.pdf. 38) UNDP stakeholder consultation conducted in November 2021. 39) Republic of Mauritius. 2016. Budget Speech 2016/ 2017. https://mof.govmu.org/Documents/Documents/Budget%202016-2017/Budget2016-17/budgetspeech2016-17.pdf. 40) Government of Mauritius. 2019. News, Mauritius set to become an organic island, states Agro-Industry Minister. http://www.govmu.org/English/News/Pages/Mauritius-set-to-become-an-organic-island,-states-Agro-Industry-Minister.aspx. 41) Government of Mauritius. 2022. Budget Speech 2022-2023. https://budgetmof.govmu.org/documents/2022_23budgetspeech_english.pdf.