Biofertilizers Market Outlook: Size, Share, Trends & Growth Analysis (2024-2029) 

The market report presents a thorough analysis segmented by Type (Nitrogen-fixing, Phosphate Solubilizing & Mobilizing, Potassium Solubilizing & Mobilizing, Others); by Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Others); by Mode of Application (Soil Treatment, Seed Treatment, Others); by Form (Liquid, Carrier-based); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Outlook 

• The biofertilizers market is estimated to be at USD 3,133.33 Mn in 2024 and is anticipated to reach USD 5,247.08 Mn in 2029. 

• The biofertilizers market is registering a CAGR of 10.86% during the forecast period of 2024-2029. 

• The global biofertilizers market is experiencing robust growth due to the increasing demand for sustainable agricultural practices. The market is driven by rising awareness of environmental concerns, government support, and the shift towards organic farming. 

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Ecosystem 

• The participants in the global biofertilizers industry are always developing their strategies to preserve a competitive advantage.  

• These companies focus on research and development, innovation, and strategic partnerships. 

• Several important entities in the biofertilizers market include Novozymes A/S; UPL Ltd.; Syngenta AG Group; Lallemand Inc.; Vegalab, Inc.; and others. 

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Findings 

Attributes	Values
Historical Period	2018-2022
Base Year	2023
Forecast Period	2024-2029
Market Size (2024)	USD 3,133.33 Mn
Market Size (2029)	USD 5,247.08 Mn
Growth Rate	10.86% CAGR from 2024 to 2029
Key Segments	Type (Nitrogen-fixing, Phosphate Solubilizing & Mobilizing, Potassium Solubilizing & Mobilizing, Others); Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Others); Mode of Application (Soil Treatment, Seed Treatment, Others); Form (Liquid, Carrier-based); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa)
Key Vendors	Novozymes A/S; UPL Ltd.; Syngenta AG Group; Lallemand Inc.; Vegalab, Inc.
Key Countries	The US; Canada; Mexico; Brazil; Argentina; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Israel; UAE; Saudi Arabia; Egypt; South Africa
Largest Market	North America

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Trends  

• Innovation in Microbial Formulations: Advances in biotechnology are leading to the development of more efficient and targeted microbial biofertilizers. For instance, in 2023, Novozymes launched a new range of biofertilizers that combine multiple strains of beneficial microbes, offering enhanced nutrient uptake and crop resilience. 

• Integration with Sustainable Agriculture Practices: The integration of biofertilizers with other sustainable agricultural practices, such as crop rotation and cover cropping, is gaining traction. Large-scale farms are adopting this approach to improve yield while maintaining environmental integrity. For example, in 2022, several U.S. farms implemented integrated practices combining biofertilizers and no-till farming, resulting in better soil health and crop productivity. 

• Use of GPS-guided Geographic Information System (GIS) Software: GPS-guided Geographic Information System (GIS) software to monitor the application of liquid biofertilizers is becoming increasingly sophisticated. This trend allows for precisely tracking biofertilizer distribution across agricultural fields, optimizing application rates and ensuring even coverage. 

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Catalysts 

• Rising Demand for Sustainable Agriculture: The global demand for sustainable agricultural practices is driving farmers to increasingly adopt biofertilizers, which boost crop yields while preserving natural resources. This trend is leading to a surge in the variety and availability of biofertilizers, making them a key element in modern, eco-friendly farming. 

• Increased Consumer Preference for Organic Food: Consumer preference for organic and non-GMO food products is fueling a rise in demand for biofertilizers that meet organic farming standards. This shift is leading to a greater emphasis on biofertilizers that enhance soil health and crop productivity without synthetic chemicals. As a result, the market is seeing an expansion in biofertilizer options that cater to environmentally conscious consumers and support sustainable agricultural practices. 

• Government Support and Incentive: Governments worldwide are supporting the use of biofertilizers through subsidies, tax incentives, and educational programs. For instance, the Indian government’s 2022 initiative to provide subsidies for biofertilizer adoption has significantly boosted market growth in the country. 

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Restraints 

• High Production Costs: The production of high-quality biofertilizers requires considerable investment and stringent quality control, resulting in higher costs than chemical fertilizers. This emphasis on quality ensures efficacy and safety but also impacts the overall pricing and accessibility of biofertilizers on the market. 

• Limited Shelf Life and Storage Issues: Biofertilizers are living organisms, and their effectiveness can diminish over time, especially under improper storage conditions. The short shelf life poses a challenge for distribution and long-term storage. 

• Regulatory Hurdles: The biofertilizer market faces regulatory challenges, particularly in countries with lengthy and complex registration and approval processes. For example, in 2023, new EU regulations on biofertilizer safety and efficacy led to delays in product approvals, impacting market growth. 

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Table of Contents 

1.       Introduction         1.1.    Research Methodology         1.2.    Scope of the Study  2.       Market Overview / Executive Summary         2.1.    Global Biofertilizers Market (2018 – 2022)         2.2.    Global Biofertilizers Market (2023 – 2029)  3.       Market Segmentation         3.1.    Global Biofertilizers Market by Type                3.1.1.    Nitrogen-fixing                3.1.2.    Phosphate Solubilizing & Mobilizing                3.1.3.    Potassium Solubilizing & Mobilizing                3.1.4.    Others         3.2.    Global Biofertilizers Market by Crop Type                3.2.1.    Cereals & Grains                3.2.2.    Pulses & Oilseeds                3.2.3.    Fruits & Vegetables                3.2.4.    Others         3.3.    Global Biofertilizers Market by Mode of Application                3.3.1.    Soil Treatment                3.3.2.    Seed Treatment                3.3.3.    Others         3.4.    Global Biofertilizers Market by Form                3.4.1.    Liquid                3.4.2.    Carrier-based  4.       Regional Segmentation         4.1.    North America                4.1.1.    The US                4.1.2.    Canada                4.1.3.    Mexico         4.2.    South America                4.2.1.    Brazil                4.2.2.    Argentina                4.2.3.    Colombia                4.2.4.    Chile                4.2.5.    Rest of South America         4.3.    Asia Pacific                4.3.1.    China                4.3.2.    India                4.3.3.    Japan                4.3.4.    South Korea                4.3.5.    Rest of Asia Pacific         4.4.    Europe                4.4.1.    The UK                 4.4.2.    Germany                4.4.3.    Italy                4.4.4.    France                4.4.5.    Spain                4.4.6.    Rest of Europe         4.5.    The Middle East                4.5.1.    Turkey                4.5.2.    UAE                4.5.3.    Saudi Arabia                4.5.4.    Rest of the Middle East         4.6.    Africa                4.6.1.    Egypt                4.6.2.    South Africa                4.6.3.    Rest of Africa  5.       Value Chain Analysis of the Global Biofertilizers Market  6.       Porter Five Forces Analysis         6.1.    Threats of New Entrants         6.2.    Threats of Substitutes         6.3.    Bargaining Power of Buyers         6.4.    Bargaining Power of Suppliers         6.5.    Competition in the Industry  7.       Trends, Drivers and Challenges Analysis         7.1.    Market Trends         7.1.1.    Market Trend 1         7.1.2.    Market Trend 2         7.1.3.    Market Trend 3         7.2.    Market Drivers         7.2.1.    Market Driver 1         7.2.2.    Market Driver 2         7.2.3.    Market Driver 3         7.3.    Market Challenges         7.3.1.    Market Challenge 1         7.3.2.    Market Challenge 2         7.3.3.    Market Challenge 3  8.       Opportunities Analysis         8.1.    Market Opportunity 1         8.2.    Market Opportunity 2         8.3.    Market Opportunity 3  9.       Competitive Landscape         9.1.    Novozymes A/S         9.2.    UPL Ltd.         9.3.    Syngenta AG Group         9.4.    Lallemand Inc.         9.5.    Vegalab, Inc.         9.6.    Company 6         9.7.    Company 7         9.8.    Company 8         9.9.    Company 9         9.10.  Company 10

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Biofertilizers Market – FAQs 

1.  What is the current size of the biofertilizers market? 

Ans. In 2024, the biofertilizers market size is USD 3,133.33 Mn. 

2.  Who are the major vendors in the biofertilizers market?  

Ans. The major vendors in the biofertilizers market are Novozymes A/S; UPL Ltd.; Syngenta AG Group; Lallemand Inc.; Vegalab, Inc. 

3.  Which segments are covered under the biofertilizers market segments analysis?  

Ans. The biofertilizers market report offers in-depth insights into Type, Crop Type, Mode of Application, Form, and Geography.