The global biofertilizers market was valued at USD 2.53 billion in 2024 and is projected to grow from USD 2.83 billion in 2025 to USD 6.34 billion by 2032, exhibiting a CAGR of 12.21% during the 2025–2032 forecast period. In 2024, North America held the largest share of the market at 30.83%. The U.S. biofertilizers market is poised for strong growth, expected to reach USD 1.28 billion by 2032, fueled by an increasing number of organic farms and government support for sustainable agriculture.
Biofertilizers, also referred to as bioinoculants, are living microorganisms that promote plant nutrition by colonizing the rhizosphere when applied to seeds or soil. Common microbes used include cyanobacteria, nitrogen-fixing bacteria, phosphate-solubilizing bacteria, and molds. These organisms enhance microbial activity in the soil, improving nutrient availability to plants. In addition to increasing crop yield and soil fertility, biofertilizers help protect plants from pests and diseases. Their prolonged effectiveness reduces the need for repeated application, making them a cost-effective alternative to synthetic fertilizers. Since they are primarily derived from natural sources, biofertilizers are more economical to produce and apply, lowering fertilization expenses for both farmers and home gardeners.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/biofertilizers-market-100413
Report Objectives:
This report offers an in-depth analysis of the biofertilizers market, identifying key drivers, restraints, challenges, and growth opportunities. It explores recent trends, industry developments, and other vital insights that are expected to shape market demand over the coming years. The report also includes profiles of key players and outlines their strategies for maintaining competitiveness. For more information, visit the company website.
Drivers & Restraints:
Growing Concerns Over Soil Degradation to Drive Market Expansion
Excessive use of chemical fertilizers like calcium nitrate and monoammonium phosphate has led to widespread soil degradation, decreasing arable land and limiting crop production. This has heightened demand for organic alternatives, boosting the biofertilizers market. Biofertilizers improve plant growth naturally by supplying vital nutrients and enhancing soil health.
Despite their benefits, high production costs remain a challenge, potentially limiting adoption by some farmers. Additionally, biofertilizers tend to have a shorter shelf life and are less adaptable than chemical fertilizers. Nevertheless, increasing government efforts to promote sustainable farming through awareness campaigns and biofertilizer distribution are expected to generate substantial growth opportunities.
Segmentation:
Cereals Segment to Lead Market Due to Strong Demand for Organic Foods
The cereals segment accounted for a 43.74% share of the market, driven by robust demand from both developed and developing countries. This dominance is largely due to the recognized nutritional value of cereals.
Regional Insights:
North America and Europe Dominate, Supported by Widespread Organic Farming
North America and Europe remain key markets for biofertilizers, supported by a high concentration of organic farms in countries such as the U.S. and Mexico. In 2019, North America alone generated USD 470.83 million in revenue. According to the U.S. Department of Agriculture (USDA), the number of certified organic farms and businesses increased by 13% from 2015 to 2016.
In contrast, South America is anticipated to be the fastest-growing region, spurred by the rising popularity of organic products in Brazil and Argentina.
Competitive Landscape:
Key Players Focus on Product Innovation and Strategic Partnerships
Leading companies in the biofertilizers space are expanding their product offerings to strengthen their market positions. In addition, several firms are entering joint ventures and forming strategic partnerships to broaden their reach and boost competitiveness.
Key Players in the Global Biofertilizers Market:
- Monsanto BioAG (Missouri, United States)
- Rizobacter Argentina S.A (Argentina)
- Novozymes A/S (Copenhagen, Denmark)
- Symborg (California, United States)
- Agrinos AS (Oslo, United States)
- Agri Life (Telangana, India)
- Camson Bio Technologies Ltd (Karnataka, India)
- Gujarat State Fertilizers & Chemicals Ltd (Gujarat, India)
- BioWorks Inc. (New York, United States)
- Lallemand Inc. (Montreal, Canada)
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Industry Development:
- June 2019: Bayer (Germany) and Novozymes (Denmark) announced the extension of their R&D and distribution partnership. As part of this collaboration, Novozymes is set to partner with companies including Univar Solutions (U.S.) and UPL (India) to expand the distribution of biological products.
