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Biofertilizers Market: By Type, By Crop Type ), By Microorganism, By Application, and Region Forecast 2019-2030
Biofertilizers Market size was valued US$ 1416.68 million in 2023 and is poised to grow at a CAGR of 14.08% from 2024-2030. Biofertilizers are the substances with microorganisms when applied to the plant surfaces, soil or to the seed will colonize the rhizosphere or interior parts of a plant and promotes growth. Biofertilizers able to add nutrients through the natural process of solubilizing phosphorous, fixing atmosphere nitrogen and stimulate plant growth by synthesizing the substances. Biofertilizers are the class of agrochemicals which are made of organic materials in major quantities. Nowadays farmers are avoiding chemical fertilizer in order to minimize the harmful effects on biodiversity and environment. But synthetic products are still used widely because of the long life and effectiveness of the products.
These biofertilizers are potentially used in soil treatment, root dripping and seed treatment. Awareness about the environment and growing demand for fertile soil and organic foods are propelling market revenue. Government initiatives such as European Unions Common Agricultural Policy is promoting a biobased product and offering approximately 30 % of total budget as direct green payment for the farmers who are adhering to sustainable agricultural practices. Governments of India and China also undertaken many initiatives in order to educate the farmers regarding usage of biofertilizers to enhance the protection of the crop.
Study Period
2024-2030Base Year
2023CAGR
14.08%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The market is expected to gain traction over the forecast period due to rising inclination towards eco-friendly or less hazardous fertilizers. The rapid growth of market is due to an increase in demand for the organic food globally. Furthermore, increase in per-capita income and improved standards of living, growing concern about the environment by the impact of the chemical fertilizers, a rise in support of the governments of the manufacturers will fuel the growth of biofertilizers market. However, low product efficacy under unfavourable conditions, easy regulatory framework and high demand for the synthetic fertilizers, lack of awareness to the farmers about the benefits and application of biofertilizers are the factors which are hampering the growth of the market.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 1416.68 million |
Market CAGR |
14.08% |
By Type |
|
By Crop Type |
|
By Microorganism |
|
By Application |
|
By Region |
|
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The global biofertilizers market size was valued at US$ 1416.68 million in 2023 and is poised to growing at a CAGR of 14.08% from 2024-2030.
Adoption of precision farming and protected agriculture
The key players of the market are Madras Fertilizers Limited (India), National Fertilizers Limited (India), Novozymes A/S (Denmark), Nutramax Laboratories Inc. (U.S.), Camson Bio Technologies Limited (India), Gujarat State Fertilizers & Chemicals Ltd. (India), Rizobacter Argentina S.A. (Argentina), T. Stanes & Company Limited (India), Rashtriya Chemicals &, Fertilizers Ltd. (India), Lallemand Inc. (Canada).
1. Executive Summary |
2. Global Biofertilizers Market Introduction |
2.1.Global Biofertilizers Market - Taxonomy |
2.2.Global Biofertilizers Market - Definitions |
2.2.1.Type |
2.2.2.Crop Type |
2.2.3.Microorganism |
2.2.4.Application |
2.2.5.Region |
3. Global Biofertilizers Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Global Biofertilizers Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Biofertilizers Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Phosphate-solubilizing |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Nitrogen-fixing |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Potash-mobilizing |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Others (Sulphur-solubilizing biofertilizers boron, and zinc) |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6. Global Biofertilizers Market By Crop Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Pulses & oilseeds |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Cereals & grains |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Fruits & vegetables |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Others ( fiber crops, turf & ornamentals plantation crops, silage & forage crops) |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
7. Global Biofertilizers Market By Microorganism, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Azotobacter |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Rhizobium |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Azospirillum |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Phosphate-solubilizing bacteria |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Cyanobacteria |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Others (aulosira, nostoc Azolla, Anabaena, and tolypothrix) |
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
8. Global Biofertilizers Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Seed treatment |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Soil treatment |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Others (set treatment, foliar treatment, root dipping, and seedling root treatment) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
9. Global Biofertilizers Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10. North America Biofertilizers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Phosphate-solubilizing |
10.1.2.Nitrogen-fixing |
10.1.3.Potash-mobilizing |
10.1.4.Others (Sulphur-solubilizing biofertilizers boron, and zinc) |
10.2. Crop Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Pulses & oilseeds |
10.2.2.Cereals & grains |
10.2.3.Fruits & vegetables |
10.2.4.Others ( fiber crops, turf & ornamentals plantation crops, silage & forage crops) |
10.3. Microorganism Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Azotobacter |
10.3.2.Rhizobium |
10.3.3.Azospirillum |
10.3.4.Phosphate-solubilizing bacteria |
10.3.5.Cyanobacteria |
10.3.6.Others (aulosira, nostoc Azolla, Anabaena, and tolypothrix) |
10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Seed treatment |
10.4.2.Soil treatment |
10.4.3.Others (set treatment, foliar treatment, root dipping, and seedling root treatment) |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11. Europe Biofertilizers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Phosphate-solubilizing |
11.1.2.Nitrogen-fixing |
11.1.3.Potash-mobilizing |
11.1.4.Others (Sulphur-solubilizing biofertilizers boron, and zinc) |
11.2. Crop Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Pulses & oilseeds |
11.2.2.Cereals & grains |
11.2.3.Fruits & vegetables |
11.2.4.Others ( fiber crops, turf & ornamentals plantation crops, silage & forage crops) |
11.3. Microorganism Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Azotobacter |
11.3.2.Rhizobium |
11.3.3.Azospirillum |
11.3.4.Phosphate-solubilizing bacteria |
11.3.5.Cyanobacteria |
11.3.6.Others (aulosira, nostoc Azolla, Anabaena, and tolypothrix) |
11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Seed treatment |
11.4.2.Soil treatment |
11.4.3.Others (set treatment, foliar treatment, root dipping, and seedling root treatment) |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
11.5.6.Rest of EU |
12. Asia Pacific (APAC) Biofertilizers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Phosphate-solubilizing |
12.1.2.Nitrogen-fixing |
12.1.3.Potash-mobilizing |
12.1.4.Others (Sulphur-solubilizing biofertilizers boron, and zinc) |
12.2. Crop Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Pulses & oilseeds |
12.2.2.Cereals & grains |
12.2.3.Fruits & vegetables |
12.2.4.Others ( fiber crops, turf & ornamentals plantation crops, silage & forage crops) |
12.3. Microorganism Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Azotobacter |
12.3.2.Rhizobium |
12.3.3.Azospirillum |
12.3.4.Phosphate-solubilizing bacteria |
12.3.5.Cyanobacteria |
12.3.6.Others (aulosira, nostoc Azolla, Anabaena, and tolypothrix) |
12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Seed treatment |
12.4.2.Soil treatment |
12.4.3.Others (set treatment, foliar treatment, root dipping, and seedling root treatment) |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13. Middle East and Africa (MEA) Biofertilizers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Phosphate-solubilizing |
13.1.2.Nitrogen-fixing |
13.1.3.Potash-mobilizing |
13.1.4.Others (Sulphur-solubilizing biofertilizers boron, and zinc) |
13.2. Crop Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Pulses & oilseeds |
13.2.2.Cereals & grains |
13.2.3.Fruits & vegetables |
13.2.4.Others ( fiber crops, turf & ornamentals plantation crops, silage & forage crops) |
13.3. Microorganism Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Azotobacter |
13.3.2.Rhizobium |
13.3.3.Azospirillum |
13.3.4.Phosphate-solubilizing bacteria |
13.3.5.Cyanobacteria |
13.3.6.Others (aulosira, nostoc Azolla, Anabaena, and tolypothrix) |
13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Seed treatment |
13.4.2.Soil treatment |
13.4.3.Others (set treatment, foliar treatment, root dipping, and seedling root treatment) |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14. Latin America Biofertilizers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Phosphate-solubilizing |
14.1.2.Nitrogen-fixing |
14.1.3.Potash-mobilizing |
14.1.4.Others (Sulphur-solubilizing biofertilizers boron, and zinc) |
14.2. Crop Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Pulses & oilseeds |
14.2.2.Cereals & grains |
14.2.3.Fruits & vegetables |
14.2.4.Others ( fiber crops, turf & ornamentals plantation crops, silage & forage crops) |
14.3. Microorganism Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Azotobacter |
14.3.2.Rhizobium |
14.3.3.Azospirillum |
14.3.4.Phosphate-solubilizing bacteria |
14.3.5.Cyanobacteria |
14.3.6.Others (aulosira, nostoc Azolla, Anabaena, and tolypothrix) |
14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Seed treatment |
14.4.2.Soil treatment |
14.4.3.Others (set treatment, foliar treatment, root dipping, and seedling root treatment) |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Madras Fertilizers Limited (India) |
15.2.2.National Fertilizers Limited (India) |
15.2.3.Novozymes A/S (Denmark) |
15.2.4.Nutramax Laboratories Inc. (U.S.) |
15.2.5.Camson Bio Technologies Limited (India) |
15.2.6.Gujarat State Fertilizers & Chemicals Ltd. (India) |
15.2.7.Rizobacter Argentina S.A. (Argentina) |
15.2.8.T. Stanes & Company Limited (India) |
15.2.9.Rashtriya Chemicals & Fertilizers Ltd. (India) |
15.2.10.Lallemand Inc. (Canada) |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players