Biofertilizers Market Size By Product (Nitrogen-fixing, Phosphate-solubilizing, Potash-mobilizing, Others), By Crop (Cereals & Grains, Pulses & Oil, Seeds Fruits & Vegetables), By Form (Dry, Liquid), By Application & Forecast, 2024 – 2032

Biofertilizers Market Size By Product (Nitrogen-fixing, Phosphate-solubilizing, Potash-mobilizing, Others), By Crop (Cereals & Grains, Pulses & Oil, Seeds Fruits & Vegetables), By Form (Dry, Liquid), By Application & Forecast, 2024 – 2032

Biofertilizers Market Size

Biofertilizers Market was valued at around USD 2.31 billion in 2023 and is anticipated to register a CAGR of over 8.5% between 2024 and 2032. The demand for biofertilizers is driven by the increasing global emphasis on sustainable and organic farming practices, which seek to reduce reliance on chemical fertilizers.

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Rising awareness of the environmental benefits of biofertilizers, such as improved soil health and reduced pollution, also contributes to their growing adoption. Government support through subsidies and favorable policies further boosts the market by encouraging farmers to use eco-friendly inputs. Advances in biotechnology have enhanced the efficacy and availability of biofertilizers, making them more attractive to farmers. Additionally, the growing need to meet food security challenges with sustainable solutions fuels the demand for biofertilizers. Thus, the market is expected to attain a market value of over USD 4.77 billion by 2032.

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Limited shelf life and storage challenges are significant pitfalls for the biofertilizers market. Biofertilizers typically contain live microorganisms that can degrade over time or under improper storage conditions, reducing their efficacy. This requires strict storage protocols and frequent quality checks, increasing operational costs for manufacturers and distributors. Additionally, farmers must handle and apply these products carefully to ensure their effectiveness, which can be cumbersome and limit their adoption. These factors contribute to higher costs and logistical complexities, potentially deterring some users from choosing biofertilizers.

Biofertilizers Market Trends

The biofertilizers industry is experiencing a surge in interest driven by the growing demand for organic farming and sustainable agricultural practices. There is an increasing focus on improving soil health and fertility, leading to the development of innovative biofertilizer products tailored for various crops and soil conditions. The market is seeing greater integration of biofertilizers with precision agriculture technologies, enhancing their application efficiency. Additionally, regulatory support and government incentives are promoting the use of eco-friendly inputs. The rise in consumer awareness about environmental impacts and food quality is also accelerating market growth.

Biofertilizers Market Analysis

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Based on product, the market is divided into nitrogen-fixing, phosphate-solubilizing, potash-mobilizing and others. Nitrogen-fixing held the dominant market share of 1.71 billion in 2023 and is expected to reach USD 3.53 billion by 2032. Nitrogen-fixing biofertilizers are more dominant in the biofertilizers industry due to their crucial role in enhancing soil fertility by converting atmospheric nitrogen into a form that plants can absorb and utilize. This process is vital for the growth of a wide range of crops, especially in nitrogen-deficient soils. As a result, farmers increasingly prefer nitrogen-fixing biofertilizers to reduce the need for synthetic nitrogen fertilizers, promoting sustainable agriculture. Additionally, the widespread application of these biofertilizers across various crop types further drives their dominance. Their ability to improve crop yields and soil health makes them a preferred choice in the market.

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Based on application, the market is categorized into seed treatment, soil treatment, and other. Seed treatment accounted for 84% market share in 2023 and is projected to grow through 2032. Seed treatment is the dominant application in the biofertilizers market due to its efficiency in directly delivering beneficial microorganisms to seeds, ensuring early-stage plant growth and development. This method enhances seed germination, root growth, and nutrient uptake, leading to improved crop yields. It is cost-effective and requires smaller quantities of biofertilizers compared to soil treatment, making it an attractive option for farmers. Additionally, seed treatment helps in protecting seedlings from soil-borne diseases and pests. Its widespread adoption across various crops further cements its dominance in the market.

Based on crop, the market is divided into cereals & grains, pulses & oil, seeds fruits & vegetables and others. Cereals & grains held the dominant market share of 1.02 billion in 2023 and is expected to reach USD 2.14 billion by 2032. These crops benefit greatly from biofertilizers, which enhance soil fertility and nutrient availability, leading to higher yields and improved crop quality. The large-scale farming of cereals and grains, combined with the need for sustainable agricultural practices, drives the adoption of biofertilizers. Additionally, the use of biofertilizers reduces dependency on chemical fertilizers, aligning with the growing emphasis on environmentally friendly farming. Their widespread cultivation across diverse agro-climatic regions further supports their dominance in the market.

Based on form, the market is divided into dry and liquid. Dry form held the dominant market share of 1.62 billion in 2023 and is expected to reach USD 3.29 billion by 2032. Dry form biofertilizers are more popular in the biofertilizers market due to their longer shelf life and ease of storage and transportation compared to liquid forms. They are less prone to contamination and degradation, making them more stable and reliable for farmers. Additionally, dry biofertilizers are easier to handle and apply, especially in large-scale farming operations. Their cost-effectiveness and suitability for various application methods, such as seed treatment and soil incorporation, contribute to their widespread preference. The ability to use dry biofertilizers in diverse climatic conditions further enhances their popularity in the market.

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North America dominated the global biofertilizers market in 2023. It generated a revenue of USD 910.1 million in 2023 and is expected to reach USD 1.83 billion by 2032. North America dominates the market due to its advanced agricultural practices, strong focus on sustainable farming, and robust regulatory support for organic farming. The region has a well-established agricultural infrastructure that facilitates the adoption of biofertilizers, driven by increasing awareness among farmers about the benefits of biofertilizers over chemical alternatives. Additionally, North America's stringent environmental regulations and policies promoting sustainable agriculture further boost the demand for biofertilizers. The presence of key market players and extensive research and development activities in biofertilizer technology also contribute to the region's market dominance.
 

Within North America, the United States is the leading country in the biofertilizers industry. The U.S. has a large agricultural sector that heavily invests in sustainable and organic farming practices. Government initiatives, subsidies, and programs that encourage the use of biofertilizers have significantly driven market growth in the country. Moreover, the U.S. has a strong network of research institutions and universities that support the development and innovation of biofertilizer products. The combination of a favorable regulatory environment, high adoption rates among farmers, and continuous advancements in biofertilizer technology positions the United States as the dominant player in the North American market.

Biofertilizers Market Share

The competitive landscape of the biofertilizers industry is characterized by the presence of several key players such as Agri Life, Ajay Bio-Tech (India) Ltd., Cairochem, Chema Industries, and Gizatec. These companies are focused on expanding their product portfolios and enhancing their market reach through strategic partnerships, acquisitions, and investments in research and development. For instance, companies like Agri Life and Ajay Bio-Tech (India) Ltd. are investing in advanced biofertilizer formulations to cater to the increasing demand for sustainable agricultural practices. Additionally, the competitive environment is marked by efforts to improve product efficacy and shelf life, addressing challenges related to biofertilizer stability and effectiveness.

Regional diversification and market penetration strategies are also prominent among companies like Gujarat State Fertilizers & Chemicals Limited, Jay Enterprises, and Kimitec Group. These companies are expanding their operations beyond their domestic markets to tap into emerging opportunities in different regions. The focus is on customizing products to meet the specific needs of various crops and soil types, enhancing their competitiveness in the global market. Meanwhile, companies like Lallemand Inc. and Madras Fertilizers Limited are leveraging their extensive distribution networks and strong customer relationships to maintain a steady market presence. The competition is further intensified by the continuous introduction of innovative biofertilizer products, driven by increasing research and development activities aimed at improving agricultural productivity and sustainability.

Biofertilizers Market Companies

Major players operating in the biofertilizers industry include

• Agri Life
• Ajay Bio-Tech (India) Ltd.
• Cairochem
• Chema Industries
• Gizatec
• Gujarat State Fertilizers & Chemicals Limited
• Jay Enterprises
• Kimitec Group
• Lallemand Inc.
• Madras Fertilizers Limited
   

Biofertilizers Industry News

• In May 2022, Syngenta launched Envita, a novel nitrogen-fixing biofertilizer tailored for a range of crops, including cereals, grains, pulses, oilseeds, and fruits and vegetables.
   
• In May 2024, Fresh Del Monte announced partnership with Vellsam Materias Bioactive to produce biofertilizers from fruit residues.
   

The biofertilizers market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2021 to 2032, for the following segments

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Market, By Product

• Nitrogen-fixing
• Phosphate-solubilizing
• Potash-mobilizing
• Others

Market, By Crop

• Cereals & grains
• Pulses & oil seeds
• Fruits & vegetables
• Others

Market, By Form

• Dry
• Liquid

Market, By Application

• Seed treatment
• Soil treatment
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Ukraine
  • Kazakhstan
  • Turkey
  • Bulgaria
  • Greece
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Malaysia
  • Indonesia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • South Africa
  • Egypt
  • Tunisia
  • Rest of MEA