The global biofertilizers market was valued at USD 2.53 billion in 2024 and is anticipated to increase from USD 2.83 billion in 2025 to USD 6.34 billion by 2032, registering a CAGR of 12.21% during the forecast period (2025–2032). In 2024, North America led the market with a 30.83% share. The U.S. market, in particular, is expected to witness substantial growth, projected to reach USD 1.28 billion by 2032. This expansion is fueled by the rising number of organic farms, along with government initiatives and financial support for sustainable agricultural practices.
Biofertilizers—also referred to as bioinoculants—are living microorganisms that enhance plant nutrition by colonizing the rhizosphere when applied through soil or seeds. Common microorganisms used in their production include nitrogen-fixing soil bacteria, cyanobacteria, phosphate-solubilizing bacteria, and certain molds. These biological agents accelerate soil microbial activity, making nutrients more readily available for plant uptake. Additionally, they contribute to higher crop yields, improved soil fertility, and protection against pests and diseases. Another key advantage is their long-term effectiveness, as parental inocula can sustain soil enrichment for several years without the need for repeated applications. Their cost-effectiveness compared to synthetic fertilizers—due to their natural composition and lower production costs—makes them a favorable choice for both farmers and gardeners, reducing overall fertilization expenses.
However, the COVID-19 pandemic disrupted biofertilizer production, with challenges in sourcing raw materials impacting the wider agricultural industry.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/biofertilizers-market-100413
Report Summary
This comprehensive market assessment examines the primary factors driving the biofertilizers industry, major challenges, and emerging opportunities. It also highlights recent innovations, strategic alliances, and developments by leading companies.
Market Drivers and Challenges
Eco-Friendly Solutions for Soil Restoration
The excessive application of chemical fertilizers such as monoammonium phosphate and calcium nitrate has led to soil degradation and reduced agricultural productivity. Biofertilizers are increasingly recognized as sustainable alternatives that support healthier soil ecosystems and natural crop development.
Nevertheless, the industry continues to face challenges, including high production costs, crop-specific applicability, and shorter shelf life compared to synthetic fertilizers. Even so, favorable government policies, improved farmer education, and expanding distribution networks are expected to drive wider market adoption.
Market Segmentation
Cereal Crops Lead Due to Growing Organic Demand
Cereal crops accounted for roughly 43.74% of the global biofertilizers market in 2024. This dominance is attributed to the increasing popularity of organic food products, the recognized health benefits of cereals, and their compatibility with organic cultivation practices.
Regional Insights
North America and Europe Remain at the Forefront of Organic Agriculture
North America and Europe hold prominent positions in the market, supported by strong organic farming adoption in countries like the U.S. and Mexico. In 2019 alone, North America generated USD 470.83 million in biofertilizer revenue. USDA statistics indicate that between 2015 and 2016, the number of certified organic farms and businesses in the region grew by 13%.
South America is also emerging as a high-growth region, led by Brazil and Argentina’s commitment to environmentally friendly agricultural methods.
Competitive Landscape
Innovation and Partnerships Driving Growth
Major companies in the biofertilizers industry are emphasizing product innovation, diversification, and cross-border partnerships to strengthen their market position. These strategies are shaping competitive dynamics and expanding the global reach of biofertilizer solutions.
Key Players 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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Recent Developments
- June 2019: Bayer (Germany) and Novozymes (Denmark) extended their strategic alliance to develop and distribute advanced biological solutions. Novozymes also expanded its distribution network by partnering with Univar Solutions (USA) and UPL (India) for agricultural biological products.
