The global biofertilizers industry was valued at USD 2.53 billion in 2024 and is expected to expand from USD 2.81 billion in 2025 to USD 6.34 billion by 2032, reflecting a CAGR of 12.31% throughout the forecast period. In 2024, the Asia Pacific region accounted for the largest share of the market at 30.83%.

Biofertilizers—often referred to as bioinoculants—consist of living microorganisms that enhance plant nutrition by colonizing the rhizosphere when applied to seeds or soil. Key organisms used include cyanobacteria, nitrogen-fixing bacteria, phosphate-solubilizing microbes, and certain molds. These biological agents accelerate soil microbial activity, improving nutrient availability in plant-absorbable forms. Beyond boosting nutrient uptake, they help increase crop productivity, improve soil fertility, and offer natural protection against pests and plant diseases. As agricultural systems shift toward sustainable and eco-friendly practices, the demand for biofertilizers continues to rise globally.

The market includes several major manufacturers such as Novozymes A/S, Lallemand Inc., and BioWorks Inc. Growth strategies like new product introductions and geographic expansion have helped these companies strengthen their presence worldwide. Additionally, government subsidies in various countries are making biological fertilizers more accessible to farmers, further supporting market growth.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/biofertilizers-market-100413

Report Scope

This report offers a detailed assessment of the biofertilizers market, covering key drivers, restraints, technological advancements, and upcoming opportunities. It also examines major strategic initiatives—including product innovation, partnerships, and competitive developments—undertaken by leading industry participants to enhance their global positioning.

Market Dynamics

Rising concerns over soil degradation and nutrient depletion caused by excessive use of chemical fertilizers such as monoammonium phosphate and calcium nitrate have fueled the shift toward eco-friendly alternatives like biofertilizers. These biological inputs improve soil structure, promote nutrient absorption, and support sustainable crop production in line with global environmental goals. Government programs, public awareness initiatives, and increased research funding are further accelerating adoption.

However, the industry faces barriers such as higher production costs, limited crop-specific compatibility, and shorter shelf life compared to synthetic fertilizers. In developing regions, low awareness among farmers also acts as a constraint. Nevertheless, expanding distribution channels and targeted training programs are expected to ease these challenges over time.

Market Segmentation

Cereal Crops Lead the Market

Cereal crops accounted for 43.74% of total biofertilizer consumption in 2024. This leadership is attributed to a growing preference for organic cereals, rising health consciousness, and the widespread integration of biofertilizers into organic and regenerative farming systems.

Regional Insights

North America and Europe Dominate

North America and Europe remain at the forefront of market growth, supported by strong regulatory frameworks that encourage organic farming and sustainable agricultural practices. In 2019, North America generated approximately USD 470.83 million in revenue. As per USDA data, the number of certified organic farms and businesses in the region grew by 13% between 2015 and 2016, indicating robust adoption trends.

South America is also emerging as a fast-growing market, with Brazil and Argentina benefiting from government-backed incentives promoting environmentally sustainable agriculture.

Competitive Landscape

Leading biofertilizer companies are focusing on technological advancements, product diversification, and global collaborations to strengthen market competitiveness. Partnerships and joint ventures are key strategies for enhancing distribution networks, increasing product availability, and capturing growth opportunities across major agricultural regions.

Key Market Players