In 2024, the global biofertilizers market reached a valuation of USD 2.53 billion. Forecasts indicate an increase to USD 2.83 billion in 2025 and further growth to USD 6.34 billion by 2032, reflecting a compound annual growth rate (CAGR) of 12.21% during the 2025–2032 period. North America led the market in 2024 with a 30.83% share. Within this region, the U.S. is projected to see notable expansion, with its market expected to hit USD 1.28 billion by 2032. This growth is supported by a surge in organic farming and increased governmental backing for sustainable agricultural practices.

Biofertilizers, also known as bioinoculants, are composed of beneficial microorganisms that assist in plant nutrient absorption by colonizing the rhizosphere once applied to soil or seeds. Frequently used microbial strains include nitrogen-fixing and phosphate-solubilizing bacteria, cyanobacteria, and specific molds. These microbes promote soil microbial activity, enhance nutrient uptake, and contribute to overall soil health. Additionally, biofertilizers serve as a natural barrier against pests and diseases, offering prolonged protection and minimizing the need for repeated applications. Their organic composition also makes them a cost-efficient substitute for synthetic fertilizers, helping growers reduce fertilization costs.

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

Report Summary

This report provides an in-depth analysis of the biofertilizers industry, highlighting the main growth drivers, challenges, and market opportunities. It discusses recent developments, emerging trends, and strategic initiatives by leading companies. For further details, readers can consult the company’s official site.

Market Drivers and Challenges

Soil Degradation Driving Demand for Sustainable Solutions

The overuse of chemical fertilizers such as monoammonium phosphate and calcium nitrate has significantly degraded soil quality, diminishing arable land availability and reducing crop yields. As a result, there is a growing preference for sustainable alternatives like biofertilizers, which naturally enhance plant growth by improving soil structure and nutrient content.

However, certain challenges persist, such as relatively high production costs, lower adaptability, and shorter shelf life compared to their synthetic counterparts. Nonetheless, government policies supporting sustainable agriculture—through education initiatives and expanded supply networks—are expected to support market growth.

Market Segmentation

Cereal Crops Dominate Owing to Rising Demand for Organic Produce

The cereals segment held 43.74% of the market, propelled by growing global interest in organic food. The segment's leadership position is largely driven by the well-documented health advantages associated with cereal consumption.

Regional Insights

North America and Europe Maintain Leadership Due to Organic Farming Prevalence

North America and Europe continue to command significant shares of the global biofertilizers market, thanks to a dense presence of organic farming operations, particularly in the U.S. and Mexico. In 2019, North America reported USD 470.83 million in revenue from biofertilizers. According to the U.S. Department of Agriculture (USDA), there was a 13% increase in certified organic farms and businesses between 2015 and 2016.

In contrast, South America is poised for rapid growth, with Brazil and Argentina showing increased demand for organic products and sustainable agricultural practices.

Competitive Landscape

Strategic Partnerships and Innovation Fuel Industry Expansion

Key market players are enhancing their product portfolios and entering into strategic collaborations to reinforce their positions. Innovation and partnerships are essential for maintaining competitiveness in the sector.

Key Companies Operating 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)

Tariff Impact Analysis for the Biofertilizers Market: https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/biofertilizers-market-100413

Industry Developments

In June 2019, Bayer (Germany) and Novozymes (Denmark) renewed their collaboration to advance research, product development, and distribution. As part of this effort, Novozymes is working alongside companies such as Univar Solutions (USA) and UPL (India) to enhance access to biological solutions.