Biofertilizers Market by Microorganism Type (Nitrogen-fixing Microbes {Rhizobia Bacteria}, Phosphate Solubilizing Microbes), Crop Type (Cereals & Grains, Oilseeds & Pulses), Mode of Application (Seed Treatment, Fertigation), Form - Global Forecast to 2029

Biofertilizers Market by Microorganism Type (Nitrogen-fixing Microbes {Rhizobia Bacteria}, Phosphate Solubilizing Microbes), Crop Type (Cereals & Grains, Oilseeds & Pulses), Mode of Application (Seed Treatment, Fertigation), Form - Global Forecast to 2029

Biofertilizers Market by Microorganism Type (Nitrogen-fixing Microbes {Rhizobia Bacteria}, Phosphate Solubilizing Microbes), Crop Type (Cereals & Grains, Oilseeds & Pulses), Mode of Application (Seed Treatment, Fertigation), Form—Global Forecast to 2029

The research report titled, ‘Biofertilizers Market by Microorganism Type (Nitrogen-fixing Microbes {Rhizobia Bacteria}, Phosphate Solubilizing Microbes), Crop Type (Cereals & Grains, Oilseeds & Pulses), Mode of Application (Seed Treatment, Fertigation), Form—Global Forecast to 2029’ provides an in-depth analysis of the biofertilizers market in five major geographies and emphasizes on the current market trends, market size, market shares, recent developments, and forecasts to 2029. In terms of value, the biofertilizers market is projected to reach $3.2 billion by 2029, at a CAGR of 11.5% during the forecast period 2022–2029.

The growth of the biofertilizers market is attributed to the growth in organic farming & the rising demand for organic food, growing concerns regarding environmental safety, increasing government initiatives to promote the use of biofertilizers, and market players’ increasing focus on inorganic growth strategies. However, the high demand for synthetic fertilizers and the high cost of biofertilizer production may restrain the growth of this market to a certain extent.

Based on microorganism type, the nitrogen-fixing microbes segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the hazards associated with the use of chemical fertilizers, the rising number of initiatives by government agencies along with increasing awareness about the need for sustainability in modern agriculture, the rising adoption of advanced farming with drip irrigation and sprinklers, and the growing health concerns. In addition, nitrogen-fixing microbes are a more economical, ecological, and profitable solution to provide nitrogen to plants contributing to their increased adoption.

Based on crop type, in 2022, the cereals & grains segment is expected to account for the largest share of the global biofertilizers market. The large market share of this segment is mainly attributed to the increasing demand for organic and naturally grown cereals & grains, the rising need and focus on minimizing the effect of chemical fertilizer on cereal & grain products, and huge areas of land under organic cereal & grain cultivation.

Based on mode of application, the foliar spray segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the advantages of the foliar application method, such as uniform application and distribution of nutrients and minimal wastage of biofertilizers. It is one of the most economical and reliable biofertilizer application methods as it requires smaller quantities of biofertilizers.

Based on formulation, in 2022, the dry biofertilizers segment is expected to account for the largest share of the global biofertilizers market. The large market share of this segment is mainly attributed to the rising adoption of dry biofertilizers for lawn & garden applications, their long-lasting effects and high efficiency in all climatic conditions, and the wide & easy availability of raw materials.

Based on geography, Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this regional market is mainly driven by the huge areas under organic cultivation, rapid population & income growth, increasing mechanization and irrigation facilities, and the presence of several organic operators. Furthermore, supportive government policies and initiatives by organizations to promote and expand the organics industry contribute to the growth of the biofertilizers market in this region.

Key Players

The key players operating in the global biofertilizers market are AgriLife (India), American Vanguard Corporation (U.S.), Chr. Hansen Holding A/S (Denmark), IPL Biologicals Limited (India), Koppert B.V. (Netherlands), Lallemand Inc. (U.S.), Mapleton Agri Biotec Pt Ltd (Australia), National Fertilizers Limited (India), Novozymes A/S (Denmark), Rizobacter Argentina SA (Argentina), Symborg Corporate, SL (Spain), UPL Limited (India), and Vegalab SA (Switzerland).

Scope of the Report:

Biofertilizers Market, by Microorganism Type
Nitrogen-fixing Microbes
Rhizobia Bacteria
Azospirillum
Other Nitrogen-fixing Microbes
Phosphate Solubilizing & Mobilizing Microbes
Pseudomonas
Bacillus
Other Phosphate Solubilizing & Mobilizing Microbes
Potassium Solubilizing & Mobilizing Microbes
Other Microorganism Types

Biofertilizers Market, by Crop Type

Cereals & Grains
Maize/Corn
Wheat
Rice
Other Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Other Crop Types

Biofertilizers Market, by Mode of Application

Fertigation
Foliar Application
Seed Treatment
Other Modes of Application

Biofertilizers Market, by Formulation

Dry Biofertilizers
Liquid Biofertilizers

Biofertilizers Market, by Geography

North America
U.S.
Canada
Europe
France
Spain
Italy
Germany
U.K.
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific (RoAPAC)
Latin America
Brazil
Mexico
Argentina
Rest of Latin America (RoLATAM)
Middle East & Africa

Key Questions Answered in the Report-

Which are the high-growth market segments based on microorganism type, crop type, mode of application, formulation, and region/country?
What was the historical market size for biofertilizers across the globe?
What are the market forecasts and estimates for 2022–2029?
What are the major drivers, restraints, opportunities, and challenges for the global biofertilizers market?
Who are the major players in the global biofertilizers market?
How is the competitive landscape, and who are the market leaders in the global biofertilizers market?
What are the recent developments in the global biofertilizers market?
What are the geographical trends and high-growth regions/countries?
Who are the local emerging players in the global biofertilizers market, and how do they compete with the global players?

Biofertilizers Market - Report Summary

Report Metrics	Details
Years Considered	2020 - 2029
Base Year	2022
Forecast Period	2022-2029
Page Count	222
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Microorganism Type, Market by Crop Type, Market by Mode of Application, Market by Formulation, Market by Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Key Companies Mentioned	AgriLife (India), American Vanguard Corporation (U.S.), Chr. Hansen Holding A/S (Denmark), IPL Biologicals Limited (India), Koppert B.V. (Netherlands), Lallemand Inc. (U.S.), Mapleton Agri Biotec Pt Ltd (Australia), National Fertilizers Limited (India), Novozymes A/S (Denmark), Rizobacter Argentina SA (Argentina), Symborg Corporate, SL (Spain), UPL Limited (India), and Vegalab SA (Switzerland).

FAQs About the Report

What is the value of revenue generated from the sales of the biofertilizers across the globe? At what rate is their demand expected to grow for the next 5–7 years?

The global biofertilizers market is projected to reach $3.2 billion by 2029 at a CAGR of 11.5% during the forecast period.

Which type of microorganism held the major share of the biofertilizers market in 2022?

In 2022, the nitrogen-fixing microbes is expected to account for the largest share of the global biofertilizers market. The large market share of this segment is attributed to the hazards associated with the use of chemical fertilizers, the rising number of initiatives by government agencies along with increasing awareness about the need for sustainability in modern agriculture, the rising adoption of advanced farming with drip irrigation and sprinklers, and the growing health concerns. In addition, nitrogen-fixing microbes are a more economical, ecological, and profitable solution to provide nitrogen to plants contributing to their increased adoption.

Which mode of application segment showcases high growth opportunities for the players operating in the biofertilizers market?

In 2022, the foliar segment is slated to register the highest growth rate during the forecast period and provide significant opportunities for players operating in this market.

What are the key factors driving the growth of the biofertilizers market? What are major opportunities for existing market players and new entrants in the market?

The growth of this market is driven by the growth in organic farming & the rising demand for organic food, the growing concerns regarding environmental safety, the increasing government initiatives to promote the use of biofertilizers, and the rising investments from leading market players are the key factors driving the growth of the biofertilizers market. Furthermore, the growing adoption of fertilizers in emerging economies is expected to provide significant opportunities for the players operating in this market.

Who are the major players operating in the global biofertilizers market?

Some of the key players operating in the global biofertilizers market are AgriLife (India), American Vanguard Corporation (U.S.), Chr. Hansen Holding A/S (Denmark), IPL Biologicals Limited (India), Koppert B.V. (Netherlands), Lallemand Inc. (U.S.), Mapleton Agri Biotec Pt Ltd (Australia), National Fertilizers Limited (India), Novozymes A/S (Denmark), Rizobacter Argentina SA (Argentina), Symborg Corporate, SL (Spain), UPL Limited (India), and Vegalab SA (Switzerland).

Which regions/countries are expected to witness significant demand for biofertilizers in the coming years?

North America dominates the global biofertilizers market, and Asia-Pacific is expected to grow at the highest growth rate over the coming years.