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. 

Biofertilizers Market Statistics (2024)Predictions and InsightsSource
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 Industry Trends & Insights for 2024: Navigating the Future

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.