Biofertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Biofertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


The global biofertilizer market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2028, exhibiting a growth rate (CAGR) of 12.8% during 2023-2028.

Biofertilizers are made from biological waste that contains living microorganisms. Unlike chemical fertilizers, which offer direct nutrition to the plant, biofertilizers help in improving the overall soil fertility. The microorganisms present in these fertilizers decompose organic matter and breakdown complex minerals for easy absorption by plants. This process enriches the soil with nutrients, which in turn promotes healthy plant growth. Moreover, biofertilizers do not allow pathogens to grow, which helps in preventing crop diseases. The several advantages offered by biofertilizers over their chemical counterparts have led to their rapid adoption in the agriculture sector.

Although the penetration of biofertilizers is still at a nascent stage, both the developing and emerging markets are expected to provide numerous growth opportunities over the next few years. The understanding of the environmental hazards caused by the use of synthetic agrichemicals, primarily the pollution and contamination of the soil and the food chain, has pushed the demand for biological products. Apart from this, growing health concerns have also urged people to adopt organic foods and other agricultural products. Another major factor driving the sales of biofertilizers is the increasing implementation of favorable regulatory policies by various governments.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global biofertilizer market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, crop, microorganism and mode of application.

Breakup by Type:

Nitrogen-fixing biofertilizers
Phosphate-fixing biofertilizers
Others

Currently, nitrogen-fixing biofertilizers, such as rhizobium, azotobacter, and azospirillum account for majority of the market share. On the other hand, phosphate-fixing biofertilizers are expected to witness rapid growth over the next few years.

Breakup by Crop:

Cereals and grains
Pulses and oilseeds
Fruits and vegetables
Others

At present, cereals and grains represent the dominant crop segment. Biofertilizers are widely used for effective production of different cereals and grains, such as wheat, oats, and rice, as they aid in enhancing their yield under poor land conditions.

Breakup by Microorganism:

Cyanobacter
Rhizobium
Phosphate Solubilizing Bacteria
Azotobacter
Others

Among these, cyanobacter is the leading microorganism segment. Cyanobacter-based biofertilizers offer reduced input cost, increase the bioavailability of phosphorus, and help in nutrient cycling as well as nitrogen fixation.

Breakup by Mode of Application:

Seed treatment
Soil treatment
Others

Seed treatment is the most preferred mode of application as it protects the seeds from pathogens and insects and enhances seedling establishment and early plant growth. In addition, it is more cost-effective and user-friendly as compared to the other modes.

Regional Insights:

Asia Pacific
North America
Europe
Others

On the geographical front, North America is the largest market, holding the dominant market share. The growing emphasis on organic agriculture, coupled with the high population, is the primary factor driving the demand for biofertilizers in the region.

Competitive Landscape:
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

Novozymes A/S
National Fertilizers Limited
Madras Fertilizers Limited
Gujarat State Fertilizers & Chemicals Ltd.
Rizobacter Argentina S.A.
T.Stanes & Company Limited
Camson Bio Technologies Limited
Rashtriya Chemicals & Fertilizers Ltd.
Lallemand Inc.
Nutramax Laboratories, Inc.

Key Questions Answered in This Report

1. What was the size of the global biofertilizer market in 2022?
2. What is the expected growth rate of the global biofertilizer market during 2023-2028?
3. What are the key factors driving the global biofertilizer market?
4. What has been the impact of COVID-19 on the global biofertilizer market?
5. What is the breakup of the global biofertilizer market based on the type?
6. What is the breakup of global biofertilizer market based on the crop?
7. What is the breakup of the global biofertilizer market based on the microorganism?
8. What is the breakup of the global biofertilizer market based on the mode of application?
9. What are the key regions in the global biofertilizer market?
10. Who are the key companies/players in the global biofertilizer market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Biofertilizer Industry
5.1 Market Overview
5.2 Market Performance
5.2.1Volume Trends
5.2.2Value Trends
5.3 Impact of COVID-19 
5.4Price Analysis
5.4.1Key Price Indicators
5.4.2Price Structure
5.4.3Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by Type
5.7 Market Breakup by Crop
5.8 Market Breakup by Microorganism
5.9 Market Breakup by Mode of Application
5.10 Market Forecast
5.11 SWOT Analysis
5.11.1 Overview
5.11.2 Strengths
5.11.3 Weaknesses
5.11.4 Opportunities
5.11.5 Threats
5.12 Value Chain Analysis
5.12.1 Overview
5.12.2 Research and Development
5.12.3 Raw Material Procurement
5.12.4 Manufacturing
5.12.5 Marketing
5.12.6 Distribution
5.12.7 End-Use
5.13 Porter’s Five Forces Analysis
5.13.1 Overview
5.13.2 Bargaining Power of Buyers
5.13.3 Bargaining Power of Suppliers
5.13.4 Degree of Competition
5.13.5 Threat of New Entrants
5.13.6 Threat of Substitutes
5.14 Key Market Drivers and Success Factors
6 Performance of Key Regions
6.1 Asia Pacific
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 North America
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Europe
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Type
7.1 Nitrogen-Fixing Biofertilizers
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Phosphate-Fixing Biofertilizers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Crop
8.1 Cereals and Grains 
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pulses and Oilseeds 
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Fruits and Vegetables 
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Microorganism
9.1 Cyanobacter
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Rhizobium
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Phosphate Solubilizing Bacteria
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Azotobacter
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10  Market Breakup by Mode of Application
10.1 Seed Treatment 
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Soil Treatment 
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Others
10.3.1 Market Trends
10.3.2 Market Forecast
11  Competitive Landscape
11.1 Market Structure
11.2 Key Player
12  Biofertilizer Manufacturing Process
12.1 Product Overview
12.2 Detailed Process Flow
12.3 Various Types of Unit Operations Involved
12.4 Mass Balance and Raw Material Requirements
13  Project Details, Requirements and Costs Involved
13.1 Land Requirements and Expenditures
13.2 Construction Requirements and Expenditures
13.3 Plant Layout
13.4 Plant Machinery
13.5 Raw Material Requirements and Expenditures
13.6 Packaging Requirements and Expenditures
13.7 Transportation Requirements and Expenditures
13.8 Utility Requirements and Expenditures
13.9 Manpower Requirements and Expenditures
13.10 Other Capital Investments
14  Loans and Financial Assistance
15  Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
15.4 Taxation and Depreciation
15.5 Income Projections
15.6 Expenditure Projections
15.7 Financial Analysis
15.8 Profit Analysis
 16 Key Player Profiles
16.1 Novozymes A/S 
16.2 National Fertilizers Limited 
16.3 Madras Fertilizers Limited 
16.4 Gujarat State Fertilizers & Chemicals Ltd. 
16.5 Rizobacter Argentina S.A. 
16.6 T.Stanes & Company Limited 
16.7 Camson Bio Technologies Limited 
16.8 Rashtriya Chemicals & Fertilizers Ltd. 
16.9 Lallemand Inc. 
16.10 Nutramax Laboratories

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