The global biofertilizers market was valued at USD 2.53 billion in 2024 and is projected to expand from USD 2.83 billion in 2025 to USD 6.34 billion by 2032, registering a CAGR of 12.21% during the forecast period (2025–2032).
North America held the leading position in the global market, accounting for 30.83% of the share in 2024. The U.S. biofertilizers market is expected to witness remarkable growth, reaching an estimated USD 1.28 billion by 2032, driven by the increasing number of organic farms, coupled with government initiatives promoting sustainable agricultural practices and eco-friendly farming inputs.
Biofertilizers—often referred to as bioinoculants—are natural formulations containing living microorganisms that enhance nutrient availability to plants by colonizing the rhizosphere. Key microbes used in biofertilizer production include cyanobacteria, nitrogen-fixing bacteria, phosphate-solubilizing bacteria, and beneficial fungi. These organisms accelerate soil microbial processes, making nutrients more bioavailable and improving crop productivity and soil fertility, while also providing natural protection against pests and plant diseases.
A notable advantage of biofertilizers is their long-term effectiveness—once established, they continue to multiply naturally, reducing the need for frequent reapplication after 3–4 years. Additionally, their low production and application costs make them a cost-efficient alternative to synthetic fertilizers. Since they are produced using natural materials, they are not only environmentally friendly but also help lower the overall cost of crop cultivation, offering significant benefits to both farmers and horticultural producers.
However, the COVID-19 pandemic temporarily disrupted the biofertilizer industry due to difficulties in sourcing raw materials and logistical constraints, affecting manufacturing and distribution channels across the agricultural supply chain.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/biofertilizers-market-100413
Report Scope
This report provides an in-depth examination of the biofertilizers market landscape, exploring critical aspects such as market drivers, restraints, technological developments, and emerging opportunities. It also highlights strategic alliances, product innovations, and competitive initiatives by leading market participants to strengthen their market positions globally.
Market Dynamics
The excessive use of chemical fertilizers such as calcium nitrate and monoammonium phosphate has led to soil degradation and nutrient imbalance, driving the demand for eco-friendly alternatives like biofertilizers. These natural fertilizers enhance soil health, boost nutrient uptake, and support sustainable plant growth, aligning with the global focus on environmentally friendly farming practices. Moreover, government initiatives, awareness programs, and research funding are fostering the adoption of biofertilizers. However, challenges such as high production costs, limited crop-specific effectiveness, and shorter shelf life compared to synthetic fertilizers persist. Additionally, a lack of awareness among farmers in developing regions can hinder market growth, though expanding distribution networks and farmer education programs are expected to mitigate these issues in the coming years.
Market Segmentation
Cereal Crops Hold the Largest Share
In 2024, cereal crops represented 43.74% of total biofertilizer demand. The dominance of this segment is linked to the rising popularity of organic cereals, the growing health-conscious consumer base, and their widespread integration into organic and regenerative farming systems.
Regional Insights
North America and Europe – Market Leaders
North America and Europe remain the primary markets for biofertilizers due to their strong regulatory support for organic farming and sustainable agriculture.
In 2019, North America generated approximately USD 470.83 million in revenue. According to the USDA, the number of certified organic farms and businesses in the region grew by 13% between 2015 and 2016, reflecting a consistent rise in adoption.
Meanwhile, South America—particularly Brazil and Argentina—is witnessing notable growth, supported by government incentives promoting environmentally sustainable farming techniques.
Competitive Landscape