Biofertilizers Market 2024: Trends, Analysis, & Future Directions
The biofertilizers market is growing swiftly, driven by the increasing demand for sustainable agricultural practices and organic farming. Biofertilizers provide an eco-friendly alternative to chemical fertilizers, enhancing soil health and boosting crop yields.Â
| Biofertilizers Market Statistics (2024) | Predictions and Insights | Source |
|---|---|---|
| 1. In 2023, India produced 358,892.93 tons of solid biofertilizers and 613,964.12 tons of liquid biofertilizers. | India’s higher production of liquid biofertilizers reflects an increasing shift towards more efficient, easily absorbable biofertilizer forms to meet sustainable agriculture demands. | Contact us to view the source. |
| 2. In 2023, the Netherlands exported biofertilizers worth 1.145 million USD. | This underscores its position as a key player in promoting sustainable agriculture through international biofertilizer distribution. | Contact us to view the source. |
| 3. In 2024, The PM-PRANAM scheme, approved by the CCEA, allocates 44345.11 million USD to promote nutrient-based biofertilizers for sustainable agriculture. | The substantial funding for the PM-PRANAM scheme underscores the government’s dedication to promoting sustainable agricultural practices by encouraging the use of biofertilizers. | Contact us to view the source. |
Biofertilizers Market – Key Takeaways
As sustainability becomes a greater priority, the biofertilizers market is poised for substantial growth. Ongoing innovation and government backing will be essential for expanding adoption and enhancing eco-friendly farming practices.