Blog Post

The global biofertilizers market was valued at USD 2.53 billion in 2024. It is projected to reach USD 2.83 billion in 2025 and further expand to 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 market in 2024, contributing 30.83% of the global revenue. Within the region, the United States is forecasted to witness strong growth, with its market expected to attain USD 1.28 billion by 2032. This surge is primarily attributed to the rising popularity of organic agriculture and increasing government initiatives promoting sustainable farming methods.

Biofertilizers—also known as bioinoculants—are composed of beneficial microorganisms that help plants absorb nutrients more effectively. When applied to seeds or soil, these microbes colonize the rhizosphere and enhance nutrient availability. Common organisms used include nitrogen-fixing and phosphate-solubilizing bacteria, cyanobacteria, and certain types of fungi. These agents improve soil microbial activity, boost nutrient uptake, and enhance soil health. In addition to fostering plant growth, biofertilizers act as a natural shield against pests and diseases, offering prolonged protection with fewer applications. Their organic nature also makes them a cost-efficient substitute for chemical fertilizers, reducing input costs for farmers.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/biofertilizers-market-100413

Report Highlights

This report offers an in-depth analysis of the biofertilizers industry, covering key growth drivers, persistent challenges, and emerging opportunities. It also explores recent trends, strategic initiatives by leading companies, and noteworthy industry advancements. Additional insights can be accessed via the company’s official site.

Key Drivers and Restraints

Sustainable Alternatives Addressing Soil Depletion

The extensive use of chemical fertilizers like calcium nitrate and monoammonium phosphate has led to significant soil degradation, declining soil fertility, and reduced crop yields. As a result, biofertilizers have gained traction as eco-friendly alternatives that naturally support plant growth and enhance soil structure.

However, challenges such as higher production costs, lower adaptability across all crop types, and a shorter shelf life compared to synthetic fertilizers continue to impede market adoption. Still, supportive policies, farmer education, and the expansion of supply chains are expected to propel market development.

Segmentation Analysis

Cereal Crops Dominate Due to Organic Consumption Trends

Cereal crops made up 43.74% of the global biofertilizers market, driven by the rising demand for organic food. Their market dominance is linked to the well-recognized health benefits associated with cereals and their compatibility with organic farming practices.

Regional Market Insights

North America and Europe at the Forefront of Organic Farming

North America and Europe hold a large share of the global biofertilizers market, largely due to the widespread adoption of organic agriculture in countries such as the U.S. and Mexico. In 2019, the North American market generated USD 470.83 million in revenue. According to the U.S. Department of Agriculture (USDA), the number of certified organic farms and businesses grew by 13% between 2015 and 2016.

Meanwhile, South America is expected to grow rapidly, led by increasing organic agricultural practices in Brazil and Argentina, fueled by heightened environmental awareness.

Competitive Landscape

Strategic Partnerships and Innovation Boosting Market Presence

Key industry players are actively forming alliances and expanding their portfolios to strengthen their market positions. Innovation and cross-border collaboration have emerged as critical strategies for maintaining competitiveness in the fast-evolving biofertilizers sector.

Leading 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 Industry Updates

In June 2019, Bayer (Germany) and Novozymes (Denmark) extended their collaboration to develop and distribute new biological solutions. As part of this extended partnership, Novozymes is also working with companies such as Univar Solutions (USA) and UPL (India) to expand the reach of biological agricultural products.