In 2024, the global biofertilizers market size was valued at USD 2.53 billion. Projections suggest this figure will climb to USD 2.83 billion in 2025 and further escalate to USD 6.34 billion by 2032, demonstrating a compound annual growth rate (CAGR) of 12.21% throughout the 2025–2032 period. North America held the dominant position in 2024, accounting for 30.83% of the market. Within this region, the U.S. is expected to experience substantial growth, with its market size projected to reach USD 1.28 billion by 2032. This expansion is largely driven by the increasing adoption of organic farming and growing government support for sustainable agriculture.
Biofertilizers, also referred to as bioinoculants, consist of helpful microorganisms that enhance nutrient uptake in plants by establishing themselves in the rhizosphere after being applied to soil or seeds. Common microbial strains used include nitrogen-fixing and phosphate-solubilizing bacteria, cyanobacteria, and select fungi. These organisms boost microbial activity in the soil, improve nutrient absorption, and support overall soil health. Moreover, biofertilizers serve as a natural defense against pests and plant diseases, providing longer-lasting protection and reducing the frequency of applications. Their natural origin also makes them a cost-effective alternative to synthetic fertilizers, helping farmers lower their input costs.
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Report Summary
This report delivers a comprehensive examination of the biofertilizers sector, detailing key growth factors, ongoing challenges, and potential market opportunities. It also reviews recent industry developments, emerging trends, and strategic actions undertaken by major companies. For further insights, readers are encouraged to visit the company’s official website.
Market Drivers and Challenges
Soil Degradation Encouraging Sustainable Alternatives
Excessive use of chemical fertilizers like monoammonium phosphate and calcium nitrate has significantly deteriorated soil health, leading to reduced arable land and lower agricultural productivity. This has led to a rising inclination toward environmentally friendly options like biofertilizers, which naturally stimulate plant development by enriching soil structure and nutrient availability.
Nevertheless, certain obstacles remain, including comparatively higher production costs, limited adaptability, and shorter shelf life in comparison to chemical fertilizers. Even so, supportive government policies promoting sustainable agriculture through education and expanded supply chains are anticipated to drive market progress.
Market Segmentation
Cereal Crops Lead Due to Organic Food Demand
Cereal crops represented 43.74% of the market, fueled by increasing global interest in organic food products. Their dominant position is mainly attributed to the well-known health benefits linked with cereal consumption.
Regional Insights
North America and Europe Dominate Owing to Organic Farming Practices
North America and Europe continue to hold substantial portions of the global biofertilizers market, owing to the high concentration of organic farming operations, especially in countries like the U.S. and Mexico. In 2019, the biofertilizers market in North America recorded USD 470.83 million in revenue. According to data from the U.S. Department of Agriculture (USDA), there was a 13% rise in certified organic farms and businesses between 2015 and 2016.
Meanwhile, South America is expected to witness rapid expansion, with Brazil and Argentina showing heightened interest in organic farming and environmentally sustainable agricultural methods.
Competitive Landscape
Collaborations and Innovation Driving Market Growth
Leading companies are expanding their product offerings and forming strategic partnerships to enhance their market presence. Innovation and collaborative efforts are key to staying competitive in this evolving sector.
Major Companies in the Global Biofertilizers Market
- Monsanto BioAG (Missouri, USA)
- Rizobacter Argentina S.A (Argentina)
- Novozymes A/S (Copenhagen, Denmark)
- Symborg (California, USA)
- Agrinos AS (Oslo, USA)
- Agri Life (Telangana, India)
- Camson Bio Technologies Ltd (Karnataka, India)
- Gujarat State Fertilizers & Chemicals Ltd (Gujarat, India)
- BioWorks Inc. (New York, USA)
- Lallemand Inc. (Montreal, Canada)
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Industry Developments
In June 2019, Bayer (Germany) and Novozymes (Denmark) extended their partnership to further research, develop, and distribute new solutions. As part of this initiative, Novozymes is collaborating with firms such as Univar Solutions (USA) and UPL (India) to broaden access to biological agricultural inputs.
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