In 2024, the global biofertilizers market was valued at USD 2.53 billion. The industry is projected to expand from USD 2.83 billion in 2025 to USD 6.34 billion by 2032, reflecting a CAGR of 12.21% during 2025–2032. North America held the largest share in 2024 at 30.83%, while the U.S. market alone is expected to generate USD 1.28 billion by 2032. This growth is being fueled by the increasing adoption of organic farming methods and supportive government policies that encourage sustainable agriculture through incentives and subsidies.
Biofertilizers, also referred to as bioinoculants, are composed of living microorganisms that enhance plant nutrition by colonizing the rhizosphere when applied to seeds or soil. These include nitrogen-fixing bacteria, cyanobacteria, phosphate-solubilizing microbes, and certain fungi. Their use improves soil microbial activity, increases nutrient availability, and boosts crop yields. Additionally, biofertilizers restore soil fertility, protect crops from pests and diseases, and maintain effectiveness over time, as the parent inoculum continues to enrich the soil for years. Owing to their natural composition and low production costs, they are a cost-effective alternative to synthetic fertilizers, making them highly appealing for both farmers and gardeners.
The COVID-19 pandemic, however, temporarily affected production, as disruptions in raw material supply chains impacted the broader agriculture sector.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/biofertilizers-market-100413
Report Overview
This report provides a comprehensive analysis of the biofertilizers market, examining key growth drivers, challenges, and opportunities. It also highlights technological innovations, strategic partnerships, and competitive initiatives undertaken by leading players.
Market Drivers & Challenges
Excessive use of chemical fertilizers like calcium nitrate and monoammonium phosphate has contributed to soil degradation and declining productivity, prompting the rising adoption of biofertilizers as a sustainable alternative that restores soil health and supports natural crop growth. However, challenges such as high production costs, limited crop-specific effectiveness, and shorter shelf life compared to synthetic fertilizers continue to hinder growth; still, government support programs, awareness initiatives, and expanding distribution networks are expected to boost adoption in the coming years.
Market Segmentation
Cereal Crops Lead Demand: In 2024, cereal crops accounted for 43.74% of global biofertilizer consumption. This dominance is linked to the growing popularity of organic cereals, rising consumer preference for healthier food, and their strong integration into organic farming practices.
Regional Insights
North America and Europe dominate the biofertilizer market, driven by the widespread adoption of organic farming, with North America generating USD 470.83 million in revenue in 2019; according to the USDA, certified organic farms and businesses in the region grew by 13% between 2015 and 2016. Meanwhile, South America shows strong growth potential, particularly in countries like Brazil and Argentina, where government initiatives are actively promoting eco-friendly and sustainable farming practices.
Competitive Landscape
Market players are actively pursuing innovation, diversification, and global collaborations to strengthen their position. Partnerships and cross-border alliances are extending the availability of biofertilizer products and enhancing competitiveness.
Key Companies in the Market:
- Monsanto BioAG (U.S.)
- Rizobacter Argentina S.A. (Argentina)
- Novozymes A/S (Denmark)
- Symborg (U.S.)
- Agrinos AS (Norway)
- Agri Life (India)
- Camson Bio Technologies Ltd. (India)
- Gujarat State Fertilizers & Chemicals Ltd. (India)
- BioWorks Inc. (U.S.)
- Lallemand Inc. (Canada)
Recent Developments
- June 2019: Bayer (Germany) and Novozymes (Denmark) renewed their strategic partnership to expand innovative biological solutions. Novozymes also extended its global presence through collaborations with Univar Solutions (U.S.) and UPL (India) for agricultural biological products.
