Biofertilizers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Biofertilizers Market
The biofertilizers market size was valued at USD 2.26 billion in 2023, and the market is now projected to grow from USD 2.53 billion in 2024 to USD 6.34 billion by 2032, exhibiting a CAGR of 12.17% during the forecast period of 2024-2032.
This feature showed that the COVID-19 had the drawback on biological fertilizers production since the sector received a significant set of hurdles in sourcing raw material and others which followed to influence the agricultural sector, leading to a decline in the biofertilizers market growth.
Biofertilizers can be very useful for horticulture crops as they contribute to increasing fertility and microbial mass of the substrate and cancel the ill effects of chemical fertilizers. They increase the productivity of crops and support structures to crops. For instance, a recent survey published in the European Journal of Horticultural Science exposed that arbuscular mycorrhizal fungi (AMF) raised yield and nutrient content of pepper, tomato, egg plant and cucumber under field conditions in Turkey. In this way, bio fertilizers can therefore be deemed safe and can be used to produce crops, this may also lead to the increase in the biofertilizers market share.
Organization has foreseen that the market for biofertilizers is set to rise owing to maturing demand for nutritional farming input and compatibility with present day agricultural practices. Due to these advantages such as cost and environmental impacts, there has been an increased adoption of the global market. Consumer demand for organic foods, pesticide-free foods, and other benefits such as better health is another reason behind this demand. Thus, with the implementation of the National Mission for Sustainable Agriculture (NMSA) by the Indian Government, the globe too stands to benefit from increased green agriculture production.
Comprehensive Analysis of Biofertilizers Market
The biofertilizers market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by microorganism, by application, by type, and by crop type analysis. The types include: phosphate solubilizers, and nitrogen fixing. However, the microorganisms include: rhizobium, azotobacter, azospirillum, pseudomonas, bacillus, vam, and others. By application it can be bifurcated into: seed treatment, & soil treatment. By crop type it is divided into cereals, pulses & oilseeds, fruits & vegetables, and others.
The North America region leads the biofertilizers market by benefitting a market size of USD 700 million in 2023 due to the presence of a large number of dental implant manufacturers and favorable reimbursement policies in the region.
The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include: Lallemand Inc. (Canada) National Fertilizers Limited (India) IPL Biologicals (International Panaacea Limited) (India) Bioceres S.A. (Argentina) BioWorks Inc. (U.S.) SOM PHYTOPHARMA (INDIA) LIMITED (India) American Vanguard Corporation (U.S.) Gujarat State Fertilizers & Chemical Ltd. (India) Symborg (Spain) Novozymes (Denmark).
In January 2024, Indian Biogas Association (IBA), a non-profit organization based in Haryana, announced a demand for incentives for Biogas-Fertilizer Fund”, as a part of wishlist for Union Budget, 2024. The aim of the association is to promote the use of organically grown fertilizers and accelerate the bio compressed natural gas industry’s growth.
Segmentation Table
Global Biofertilizers Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 12.17% from 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Type, By Microorganism, By Application and By Crop Type
By Type Nitrogen Fixing
Phosphate Solubilizers
Others
By Microorganism Rhizobium
Azotobacter
Azospirillum
Pseudomonas
Bacillus
VAM
Others
By Application Seed Treatment
Soil Treatment
Others
By Crop type Cereals
Pulses & Oilseeds
Fruits & Vegetables
Others
By Region North America (By Type, Microorganism, Application, Crop Type, and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Type, Microorganism, Application, Crop Type, and Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Russia (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, Microorganism, Application, Crop Type, and Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- Australia (By Application)
- Rest of Asia Pacific (By Application)
South America (By Type, Microorganism, Application, Crop Type, and Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America (By Application)
Middle East & Africa (By Type, Microorganism, Application, Crop Type, and Country)
- South Africa (By Application)
- Israel (By Application)
- Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Biofertilizers Industry SWOT Analysis
- 4.3. Supply Chain & Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Qualitative Analysis (in relation to COVID-19)
- 5. Global Biofertilizers Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (Value)
- 5.2.1.1. Nitrogen Fixing
- 5.2.1.2. Phosphate Solubilizers
- 5.2.1.3. Others
- 5.2.2. By Microorganism (Value)
- 5.2.2.1. Rhizobium
- 5.2.2.2. Azotobacter
- 5.2.2.3. Azospirillum
- 5.2.2.4. Pseudomonas
- 5.2.2.5. Bacillus
- 5.2.2.6. VAM
- 5.2.2.7. Others
- 5.2.3. By Application (Value)
- 5.2.3.1. Seed Treatment
- 5.2.3.2. Soil Treatment
- 5.2.3.3. Others
- 5.2.4. By Crop Type (Value)
- 5.2.4.1. Cereals
- 5.2.4.2. Pulses & Oilseeds
- 5.2.4.3. Fruits & Vegetables
- 5.2.4.4. Others
- 5.2.5. By Region (Value)
- 5.2.5.1. North America
- 5.2.5.2. Europe
- 5.2.5.3. Asia Pacific
- 5.2.5.4. South America
- 5.2.5.5. Middle East & Africa
- 6. North America Biofertilizers Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value)
- 6.2.1.1. Nitrogen Fixing
- 6.2.1.2. Phosphate Solubilizers
- 6.2.1.3. Others
- 6.2.2. By Microorganism (Value)
- 6.2.2.1. Rhizobium
- 6.2.2.2. Azotobacter
- 6.2.2.3. Azospirillum
- 6.2.2.4. Pseudomonas
- 6.2.2.5. Bacillus
- 6.2.2.6. VAM
- 6.2.2.7. Others
- 6.2.3. By Crop Type (Value)
- 6.2.3.1. Cereals
- 6.2.3.2. Pulses & Oilseeds
- 6.2.3.3. Fruits & Vegetables
- 6.2.3.4. Others
- 6.2.4. By Application (Value)
- 6.2.4.1. Seed Treatment
- 6.2.4.2. Soil Treatment
- 6.2.4.3. Others
- 6.2.5. By Country (Value)
- 6.2.5.1. U.S.
- 6.2.5.1.1. By Application (Value)
- 6.2.5.1.1.1. Seed Treatment
- 6.2.5.1.1.2. Soil Treatment
- 6.2.5.1.1.3. Others
- 6.2.5.2. Canada
- 6.2.5.2.1. By Application (Value)
- 6.2.5.2.1.1. Seed Treatment
- 6.2.5.2.1.2. Soil Treatment
- 6.2.5.2.1.3. Others
- 6.2.5.3. Mexico
- 6.2.5.3.1. By Application (Value)
- 6.2.5.3.1.1. Seed Treatment
- 6.2.5.3.1.2. Soil Treatment
- 6.2.5.3.1.3. Others
- 7. Europe Biofertilizers Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Value)
- 7.2.1.1. Nitrogen Fixing
- 7.2.1.2. Phosphate Solubilizers
- 7.2.1.3. Others
- 7.2.2. By Microorganism (Value)
- 7.2.2.1. Rhizobium
- 7.2.2.2. Azotobacter
- 7.2.2.3. Azospirillum
- 7.2.2.4. Pseudomonas
- 7.2.2.5. Bacillus
- 7.2.2.6. VAM
- 7.2.2.7. Others
- 7.2.3. By Crop Type (Value)
- 7.2.3.1. Cereals
- 7.2.3.2. Pulses & Oilseeds
- 7.2.3.3. Fruits & Vegetables
- 7.2.3.4. Others
- 7.2.4. By Application (Value)
- 7.2.4.1. Seed Treatment
- 7.2.4.2. Soil Treatment
- 7.2.4.3. Others
- 7.2.5. By Country (Value)
- 7.2.5.1. Spain
- 7.2.5.1.1. By Application (Value)
- 7.2.5.1.1.1. Seed Treatment
- 7.2.5.1.1.2. Soil Treatment
- 7.2.5.1.1.3. Others
- 7.2.5.2. Italy
- 7.2.5.2.1. By Application (Value)
- 7.2.5.2.1.1. Seed Treatment
- 7.2.5.2.1.2. Soil Treatment
- 7.2.5.2.1.3. Others
- 7.2.5.3. France
- 7.2.5.3.1. By Application (Value)
- 7.2.5.3.1.1. Seed Treatment
- 7.2.5.3.1.2. Soil Treatment
- 7.2.5.3.1.3. Others
- 7.2.5.4. Germany
- 7.2.5.4.1. By Application (Value)
- 7.2.5.4.1.1. Seed Treatment
- 7.2.5.4.1.2. Soil Treatment
- 7.2.5.4.1.3. Others
- 7.2.5.5. U.K.
- 7.2.5.5.1. By Application (Value)
- 7.2.5.5.1.1. Seed Treatment
- 7.2.5.5.1.2. Soil Treatment
- 7.2.5.5.1.3. Others
- 7.2.5.6. Russia
- 7.2.5.6.1. By Application (Value)
- 7.2.5.6.1.1. Seed Treatment
- 7.2.5.6.1.2. Soil Treatment
- 7.2.5.6.1.3. Others
- 7.2.5.7. Rest of Europe
- 7.2.5.7.1. By Application (Value)
- 7.2.5.7.1.1. Seed Treatment
- 7.2.5.7.1.2. Soil Treatment
- 7.2.5.7.1.3. Others
- 8. Asia Pacific Biofertilizers Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.1.1. Market Size Estimates and Forecast
- 8.1.2. By Type (Value)
- 8.1.2.1. Nitrogen Fixing
- 8.1.2.2. Phosphate Solubilizers
- 8.1.2.3. Others
- 8.1.3. By Microorganism (Value)
- 8.1.3.1. Rhizobium
- 8.1.3.2. Azotobacter
- 8.1.3.3. Azospirillum
- 8.1.3.4. Pseudomonas
- 8.1.3.5. Bacillus
- 8.1.3.6. VAM
- 8.1.3.7. Others
- 8.1.4. By Crop Type (Value)
- 8.1.4.1. Cereals
- 8.1.4.2. Pulses & Oilseeds
- 8.1.4.3. Fruits & Vegetables
- 8.1.4.4. Others
- 8.1.5. By Application (Value)
- 8.1.5.1. Seed Treatment
- 8.1.5.2. Soil Treatment
- 8.1.5.3. Others
- 8.1.6. By Country (Value)
- 8.1.6.1. China
- 8.1.6.1.1. By Application (Value)
- 8.1.6.1.1.1. Seed Treatment
- 8.1.6.1.1.2. Soil Treatment
- 8.1.6.1.1.3. Others
- 8.1.6.2. India
- 8.1.6.2.1. By Application (Value)
- 8.1.6.2.1.1. Seed Treatment
- 8.1.6.2.1.2. Soil Treatment
- 8.1.6.2.1.3. Others
- 8.1.6.3. Japan
- 8.1.6.3.1. By Application (Value)
- 8.1.6.3.1.1. Seed Treatment
- 8.1.6.3.1.2. Soil Treatment
- 8.1.6.3.1.3. Others
- 8.1.6.4. Australia
- 8.1.6.4.1. By Application (Value)
- 8.1.6.4.1.1. Seed Treatment
- 8.1.6.4.1.2. Soil Treatment
- 8.1.6.4.1.3. Others
- 8.1.6.5. Rest of APAC
- 8.1.6.5.1. By Application (Value)
- 8.1.6.5.1.1. Seed Treatment
- 8.1.6.5.1.2. Soil Treatment
- 8.1.6.5.1.3. Others
- 9. South America Biofertilizers Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.1.1. Market Size Estimates and Forecast
- 9.1.2. By Type (Value)
- 9.1.2.1. Nitrogen Fixing
- 9.1.2.2. Phosphate Solubilizers
- 9.1.2.3. Others
- 9.1.3. By Microorganism (Value)
- 9.1.3.1. Rhizobium
- 9.1.3.2. Azotobacter
- 9.1.3.3. Azospirillum
- 9.1.3.4. Pseudomonas
- 9.1.3.5. Bacillus
- 9.1.3.6. VAM
- 9.1.3.7. Others
- 9.1.4. By Crop Type (Value)
- 9.1.4.1. Cereals
- 9.1.4.2. Pulses & Oilseeds
- 9.1.4.3. Fruits & Vegetables
- 9.1.4.4. Others
- 9.1.5. By Application (Value)
- 9.1.5.1. Seed Treatment
- 9.1.5.2. Soil Treatment
- 9.1.5.3. Others
- 9.1.6. By Country (Value)
- 9.1.6.1. Brazil
- 9.1.6.1.1. By Application (Value)
- 9.1.6.1.1.1. Seed Treatment
- 9.1.6.1.1.2. Soil Treatment
- 9.1.6.1.1.3. Others
- 9.1.6.2. Argentina
- 9.1.6.2.1. By Application (Value)
- 9.1.6.2.1.1. Seed Treatment
- 9.1.6.2.1.2. Soil Treatment
- 9.1.6.2.1.3. Others
- 9.1.6.3. Rest of South America
- 9.1.6.3.1. By Application (Value)
- 9.1.6.3.1.1. Seed Treatment
- 9.1.6.3.1.2. Soil Treatment
- 9.1.6.3.1.3. Others
- 10. Middle East and Africa Biofertilizers Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.1.1. Market Size Estimates and Forecast
- 10.1.2. By Type (Value)
- 10.1.2.1. Nitrogen Fixing
- 10.1.2.2. Phosphate Solubilizers
- 10.1.2.3. Others
- 10.1.3. By Microorganism (Value)
- 10.1.3.1. Rhizobium
- 10.1.3.2. Azotobacter
- 10.1.3.3. Azospirillum
- 10.1.3.4. Pseudomonas
- 10.1.3.5. Bacillus
- 10.1.3.6. VAM
- 10.1.3.7. Others
- 10.1.4. By Crop Type (Value)
- 10.1.4.1. Cereals
- 10.1.4.2. Pulses & Oilseeds
- 10.1.4.3. Fruits & Vegetables
- 10.1.4.4. Others
- 10.1.5. By Application (Value)
- 10.1.5.1. Seed Treatment
- 10.1.5.2. Soil Treatment
- 10.1.5.3. Others
- 10.1.6. By Country (Value)
- 10.1.6.1. South Africa
- 10.1.6.1.1. By Application (Value)
- 10.1.6.1.1.1. Seed Treatment
- 10.1.6.1.1.2. Soil Treatment
- 10.1.6.1.1.3. Others
- 10.1.6.2. Israel
- 10.1.6.2.1. By Application (Value)
- 10.1.6.2.1.1. Seed Treatment
- 10.1.6.2.1.2. Soil Treatment
- 10.1.6.2.1.3. Others
- 10.1.6.3. Rest of ME&A
- 10.1.6.3.1. By Application (Value)
- 10.1.6.3.1.1. Seed Treatment
- 10.1.6.3.1.2. Soil Treatment
- 10.1.6.3.1.3. Others
- 11. Competitive Matrix
- 11.1. Key Industry Developments
- 11.2. Global Market Share/Ranking Analysis
- 11.3. Competition Dashboard – Strategy Analysis
- 12. Company Profiles
- 12.1. BioWorks Inc.
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Bioceres S.A.
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Lallemand Inc.
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Novozymes A/S
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Gujarat State Fertilizers & Chemicals Ltd.
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. National Fertilizers Ltd
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. American Vanguard Corporation
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Som Phytopharma (India) Limited (AgriLife)
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Symborg
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. IPL Biologicals (International Panaacea Limited)
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
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