The global biofertilizers market was valued at USD 2.53 billion in 2024 and is projected to reach USD 6.34 billion by 2032, growing at a compound annual growth rate (CAGR) of 12.21% between 2025 and 2032. North America led the global market in 2024, accounting for a 30.83% share. In the United States, the market is forecast to grow substantially, potentially reaching USD 1.28 billion by 2032. This growth is primarily attributed to the rising number of organic farms and increased governmental initiatives that promote sustainable agriculture.
Biofertilizers—commonly referred to as bioinoculants—are living microorganisms that enhance plant nutrient uptake by colonizing the rhizosphere when applied to seeds or soil. These include various beneficial microbes such as cyanobacteria, nitrogen-fixing bacteria, phosphate-solubilizing bacteria, and fungi. These organisms accelerate microbial activity in the soil, making nutrients more readily available to plants. Additionally, they contribute to higher crop yields, improved soil fertility, and protection against pests and diseases.
Another key advantage of biofertilizers is their long-term utility; once established, the original microbial inoculants can sustain future application needs for several years. Their cost-efficiency, compared to synthetic fertilizers, further supports their adoption. Since they are derived from natural sources, biofertilizers are typically cheaper to produce and easier for farmers to apply, reducing overall fertilization costs.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/biofertilizers-market-100413
Report Overview
This comprehensive report delves into the global biofertilizers industry, examining critical growth drivers, persistent market challenges, and emerging opportunities. It also highlights recent market trends, strategic moves by major players, and notable technological advancements. Further insights are available on the company’s official platform.
Market Drivers and Challenges
Sustainable Solutions for Soil Health
The excessive use of chemical fertilizers, such as calcium nitrate and monoammonium phosphate, has led to significant soil degradation and reduced crop productivity. In response, biofertilizers are gaining popularity as environmentally friendly solutions that promote natural plant growth and enhance soil structure.
However, the sector faces challenges such as high production costs, limited compatibility with certain crops, and shorter shelf life relative to chemical alternatives. Despite these barriers, market expansion is being supported by favorable policies, improved farmer education, and the development of robust supply chains.
Market Segmentation
Cereal Crops Lead the Market Due to Organic Food Demand
Cereal crops accounted for 43.74% of the global biofertilizers market, driven largely by growing interest in organic diets. This dominance is closely linked to the recognized health benefits of cereals and their strong alignment with organic farming methods.
Regional Insights
North America and Europe Lead in Organic Agriculture
North America and Europe command significant shares of the global biofertilizers market, thanks to widespread adoption of organic farming, particularly in nations like the U.S. and Mexico. In 2019 alone, North America recorded USD 470.83 million in market revenue. According to data from the U.S. Department of Agriculture (USDA), certified organic farms and businesses increased by 13% from 2015 to 2016.
In contrast, South America is emerging as a fast-growing market, with Brazil and Argentina driving adoption through environmentally conscious farming practices.
Competitive Landscape
Innovation and Alliances Accelerate Market Expansion
Top companies in the sector are leveraging partnerships and expanding product lines to enhance their market presence. Technological innovation and international collaboration remain vital strategies in navigating the competitive landscape of the biofertilizer market.
Prominent Players in the Biofertilizers Industry
- 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
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June 2019: Bayer (Germany) and Novozymes (Denmark) extended their partnership to develop and commercialize innovative biological products. Novozymes also partnered with companies such as Univar Solutions (USA) and UPL (India) to broaden the distribution of its agricultural biologicals.
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