Biofertilizers Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Biofertilizers Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032


The Biofertilizers Market is anticipated to record an 8.5% CAGR during 2024-2032 due to a wider awareness of sustainable agricultural practices. Biofertilizers offer benefits such as reduced soil degradation and minimized chemical runoff. The shift among farmers toward organic and eco-friendly farming is motivated by consumer preference for organic produce and stricter regulatory frameworks promoting sustainable agriculture. According to a report by the Organic Trade Association, organic food sales in the United States reached $63 billion in 2023.

Advancements in biotechnology and microbial research also contribute to the market revenues. Innovations in microbial strains and formulation techniques have enhanced the efficacy and application of biofertilizers, making them more appealing across various agricultural applications. For instance, a study published in the Journal of Applied Microbiology in 2023 highlighted that new microbial formulations improved crop yields by 15%. This technological progress is leading to the development of new and improved biofertilizer products that offer better nutrient efficiency and compatibility with various crops. The search for a viable solution for enhancing soil fertility and crop productivity is pushing the industry growth.

The overall biofertilizers industry is classified based on product, crop, form, application, and region.

The potash-mobilizing segment is gaining traction due to its ability to enhance soil fertility and optimize nutrient use efficiency. These biofertilizers are designed to unlock potassium in the soil, making it more available to plants, which is crucial for promoting robust plant growth and improving crop yields. By leveraging specialized microorganisms, such as potassium-solubilizing bacteria and fungi, these biofertilizers effectively convert potassium from insoluble forms into accessible nutrients. As agricultural practices shift towards sustainable and efficient nutrient management solutions, the potash-mobilizing segment is expected to see increased adoption.

The soil treatment application segment will hold a notable market share by 2032, as farmers seek more effective ways to enhance soil health and fertility. By enriching the soil with beneficial microorganisms, such as bacteria and fungi, soil treatment biofertilizers help in the degradation of organic matter, suppression of soil-borne diseases, and enhancement of soil aeration and water retention. The increasing emphasis on sustainable agriculture and soil conservation practices is driving the demand for these biofertilizers, as they offer a natural and eco-friendly alternative to chemical soil amendments, leading to improved crop productivity and long-term soil health.

Asia Pacific biofertilizers market is experiencing rapid growth, driven by the thriving agriculture sector and wider adoption of sustainable farming practices. The increasing product adoption is fueled by the need to address soil degradation, reduce dependency on chemical fertilizers, and enhance food security amidst rising population pressures. Government initiatives and subsidies promoting organic farming, coupled with advancements in biofertilizer technologies, are further accelerating the market growth in Asia Pacific.


Chapter 1 Methodology and Scope
1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Key manufacturers
3.1.2 Distributors
3.1.3 Profit margins across the industry
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.2 Market challenges
3.2.3 Market opportunity
3.2.3.1 New opportunities
3.2.3.2 Growth potential analysis
3.3 Raw material landscape
3.3.1 Manufacturing trends
3.3.2 Technology evolution
3.3.2.1 Sustainable manufacturing
3.3.2.1.1 Green practices
3.3.2.1.2 Decarbonization
3.3.3 Sustainability in raw materials
3.3.4 Pricing trends (USD/Ton), 2021 – 2032
3.3.4.1 North America
3.3.4.2 Europe
3.3.4.3 Asia Pacific
3.3.4.4 Latin America
3.3.4.5 Middle East and Africa
3.4 Regulations and market impact
3.5 Porter’s analysis
3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Product, 2021-2032 (USD Million, Kilo Tons)
5.1 Key trends
5.2 Nitrogen-fixing
5.3 Phosphate-solubilizing
5.4 Potash-mobilizing
5.5 Others
Chapter 6 Market Size and Forecast, By Crop, 2021-2032 (USD Million, Kilo Tons)
6.1 Key trends
6.2 Cereals and grains
6.3 Pulses and oil seeds
6.4 Fruits and vegetables
6.5 Others
Chapter 7 Market Size and Forecast, By Form, 2021-2032 (USD Million, Kilo Tons)
7.1 Key trends
7.2 Dry
7.3 Liquid
Chapter 8 Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)
8.1 Key trends
8.2 Seed treatment
8.3 Soil treatment
8.4 Others
Chapter 9 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.3.7 Ukraine
9.3.8 Kazakhstan
9.3.9 Turkey
9.3.10 Bulgaria
9.3.11 Greece
9.3.12 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 Australia
9.4.5 South Korea
9.4.6 Malaysia
9.4.7 Indonesia
9.4.8 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.5.4 Rest of Latin America
9.6 MEA
9.6.1 Saudi Arabia
9.6.2 Egypt
9.6.3 South Africa
9.6.4 Tunisia
9.6.5 Rest of MEA
Chapter 10 Company Profiles
10.1 Agri Life
10.2 Ajay Bio-Tech (India) Ltd.
10.3 Cairochem
10.4 Chema Industries
10.5 Gizatec
10.6 Gujarat State Fertilizers and Chemicals Limited
10.7 Jay Enterprises
10.8 Kimitec Group
10.9 Lallemand Inc.
10.10 Madras Fertilizers Limited
10.11 Maharashtra Bio Fertilizers Pvt. Ltd.
10.12 National Fertilizers Limited
10.13 Novozymes
10.14 Rashtriya Chemicals and Fertilizers Ltd.
10.15 Rizobacter
10.16 Symborg SL

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings