Biofertilizers Market are organic materials that are used to add nutrients to the soil. They are often made from plant materials or animal manure and can be used to improve the soils fertility and health. Biofertilizers can also help to increase crop yields and improve the quality of the crops.
The global biofertilizers market size was approximately USD 2.8 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of over 8.4% from 2024 to 2033.
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- 11 – Chapter
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- Industry: rd
Key trends:
The Biofertilizers Market is experiencing significant growth driven by the increasing adoption of biofertilizers in organic farming and soil fertility management practices. As awareness about the environmental impact of conventional chemical fertilizers grows, farmers are turning towards sustainable alternatives to enhance crop yields without compromising soil health. Biofertilizers, composed of beneficial microorganisms such as bacteria, fungi, and algae, play a crucial role in promoting plant growth by facilitating nutrient absorption, fixing atmospheric nitrogen, and improving soil structure. The emphasis on sustainable agriculture and the rising demand for organic produce are key factors propelling the market forward. Additionally, government initiatives promoting eco-friendly farming practices and the shift towards organic and natural farming methods further contribute to the expanding biofertilizers market. As the agricultural sector seeks environmentally friendly solutions to address the challenges of soil degradation and declining fertility, biofertilizers emerge as a compelling choice, fostering a paradigm shift towards more sustainable and resilient agriculture.
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Market Segmentation:
By Crop Type:
On the basis of crop type, the Biofertilizers Market is segmented into Cereals & grains, Pulses & oil seeds, Fruits & vegetables, and Others. Among these, in 2023, the cereals & grains segment is experiencing significant growth in the Market. The Cereals & grains segment is experiencing significant growth in the Biofertilizers Market. This expansion can be attributed to the increasing awareness and adoption of sustainable agricultural practices. Farmers are increasingly recognizing the benefits of biofertilizers, which are natural and eco-friendly alternatives to chemical fertilizers. In the Cereals & grains category, biofertilizers play a crucial role in enhancing soil fertility, promoting better nutrient absorption, and improving overall crop yield. As the demand for organic and environmentally friendly farming practices continues to rise, the Cereals & grains segment within the Biofertilizers Market is expected to witness continued growth, contributing to a more sustainable and resilient agricultural ecosystem.
By Application:
The market is segmented into the Seed treatment, Soil treatment, and Others. Out of these, in 2023, seed treatment segment emerging as a key contributor to this expansion due to its practical application in agriculture. Farmers are increasingly adopting biofertilizer seed treatments as an effective means to enhance crop yield and improve overall plant health. Biofertilizer treatments applied directly to seeds contain beneficial microorganisms, such as nitrogen-fixing bacteria and phosphate-solubilizing fungi, which form symbiotic relationships with plants. These microorganisms promote nutrient absorption, enhance soil fertility, and protect crops from diseases.
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Data Summary:
Report Attribute |
Details |
| Market Size in 2023 | US$ 2.8 Billion |
| CAGR % | 8.4% |
| Historic Period | 2017-2022 |
| Forecast Period | 2024-2033 |
| Base Year | 2023 |
| Segments Covered | Product, Form, Crop Type, Application, and Region |
| Key Companies | Asfertglobal, Lda, Agri Life, Bharat Biocon, Biomax Naturals, Camson Bio Technologies Limited, Chema Industries, Jay Enterprises, Kimitec Group, Kiwa Bio-Tech Products Group Corporation, Lallemand Inc., Mapleton Agri Biotec Pty Ltd, Rizobacter, Saosis Biotech Private Limited, SKS Bioproducts Pvt. Ltd., Symborg SL, T Stanes & Company Limited |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Research Scope:
- The report offers a comprehensive quantitative as well as qualitative analysis of the current Biofertilizers Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.
- The report also covers qualitative as well as quantitative analysis of the Biofertilizers Market in terms of revenue ($Million) and volume (Units).
- Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Biofertilizers industry.
- A thorough analysis of market trends and restraints is provided.
- By region as well as country, market analysis is also presented in this report.
- The Biofertilizers Market Study comprises an analysis of 23 countries. The research also encompasses a segment analysis of every country in terms of value (USD Million) throughout the study period.
- Analytical depiction of the Biofertilizers Market along with current trends and future estimations to depict imminent investment pockets. The overall Biofertilizers industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
- Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Biofertilizers Market are also analyzed.
- The report also involves market strategy factors such as the ANSOFF Matrix, 4Ps Model, Demand-Supply Analysis, Competition Product Analysis, Recent Developments, Consumer Buying Interest, and Supply Chain Analysis among others.
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Key Players:
- Asfertglobal, Lda
- Agri Life
- Bharat Biocon
- Biomax Naturals
- Camson Bio Technologies Limited
- Chema Industries
- Gujarat State Fertilizers & Chemicals Ltd. (GSFC)
- Jay Enterprises
- Kimitec Group
- Kiwa Bio-Tech Products Group Corporation
By Region
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- Latin America (Brazil, Argentina, Rest of Latin America)
- Middle East and Africa (UAE, Saudi Arabia, Rest of Middle East And Africa)
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