Biofertilizers Market Size 2024-2028
The biofertilizers market size is valued to increase by USD 2.27 billion, at a CAGR of 13.64% from 2023 to 2028. Increase in demand for biofertilizers from developing countries will drive the biofertilizers market.
Market Insights
- North America dominated the market and accounted for a 34% growth during the 2024-2028.
- By Application - Seed treatment segment was valued at USD 1.27 billion in 2022
- By Product - Nitrogen-fixing biofertilizers segment accounted for the largest market revenue share in 2022
Market Size & Forecast
- Market Opportunities: USD 169.11 million
- Market Future Opportunities 2023: USD 2271.40 million
- CAGR from 2023 to 2028 : 13.64%
Market Summary
- The market is experiencing significant growth due to increasing demand from developing countries where agriculture plays a pivotal role in their economy. This trend is driven by the growing adoption of organic farming practices, which prioritize the use of natural fertilizers over synthetic ones. One key factor fueling this shift is health concerns regarding the use of nitrogenous fertilizers, which can lead to soil degradation and contamination of water sources. Biofertilizers, derived from natural sources such as bacteria, fungi, and algae, offer a sustainable alternative to chemical fertilizers. They not only enhance soil fertility but also improve its structure and water-holding capacity.
- In addition, they contribute to reducing greenhouse gas emissions, making them an environmentally-friendly solution. A real-world business scenario illustrating the importance of biofertilizers can be seen in the context of supply chain optimization. A large agricultural conglomerate, aiming to expand its organic produce line, recognizes the potential of biofertilizers to increase crop yield and quality. By partnering with local biofertilizer producers, the conglomerate can secure a steady supply, ensuring operational efficiency and meeting consumer demand for organic produce. This strategic move not only benefits the environment but also strengthens the company's reputation as a responsible and sustainable business.
What will be the size of the Biofertilizers Market during the forecast period?
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- Biofertilizers have emerged as a critical component of sustainable intensification in modern agriculture, offering numerous benefits for crop quality, water use efficiency, and environmental sustainability. These organic fertilizers, derived from various sources such as plant residues, animal manure, and microbial fermentation, promote soil enzyme activity, nutrient cycling, and plant-microbe interactions. One significant trend in the biofertilizer market is the focus on enhancing nutrient availability and improving crop management through the application of microbial communities. For instance, the use of biofertilizers in vegetable production has led to increased fruit yield and drought tolerance, enabling farmers to maintain agricultural practices during water scarcity.
- Moreover, the implementation of biofertilizers in grain production has resulted in improved salinity tolerance, contributing to economic viability and agricultural sustainability. Soil microbiology plays a pivotal role in the carbon sequestration process, which is essential for mitigating climate change. Biofertilizers contribute to this process by promoting the growth of microbial communities that facilitate the conversion of atmospheric carbon dioxide into organic matter. Additionally, biofertilizers aid in root exudates production, fostering symbiotic relationships and stimulating plant growth. Incorporating biofertilizers into agricultural practices not only enhances crop quality but also offers environmental benefits. By reducing the reliance on synthetic fertilizers, farmers can minimize the environmental impact of agricultural operations and contribute to a more sustainable future.
- As the demand for sustainable agricultural practices continues to grow, the biofertilizer market is poised for significant expansion.
Unpacking the Biofertilizers Market Landscape
Biofertilizers, a vital component of organic farming, enhance soil fertility through the natural process of nitrogen fixation and phosphorus solubilization. Compared to conventional fertilizers, biofertilizers offer a more sustainable approach, reducing the need for synthetic inputs by up to 30%. Moreover, the application of biofertilizers can improve crop productivity by 10-20%, as shown in numerous agricultural studies. Biofertilizers play a crucial role in growth promotion by increasing nitrogenase activity and potassium mobilization. They also contribute to soil amendment by improving soil structure, rhizosphere competence, and microbial diversity. Furthermore, biofertilizers offer pest resistance and disease suppression through the production of siderophores, phytohormones, and biocontrol agents. Biofertilizers are essential for sustainable agriculture, as they promote root colonization by mycorrhizal fungi and enhance nutrient uptake through humic acid and enzyme production. By improving soil health and optimizing nutrient availability, biofertilizers contribute to yield improvement and precision farming practices. In summary, biofertilizers offer a cost-effective and environmentally friendly solution for enhancing soil fertility and promoting crop growth.
Key Market Drivers Fueling Growth
Developing countries' rising demand for biofertilizers serves as the primary market driver.
- The market is experiencing significant growth due to the increasing demand from key agricultural sectors in China, India, Brazil, Indonesia, and Pakistan. This expansion is driven by the growing agricultural sector in these countries to meet escalating food requirements. Biofertilizers offer several advantages, including ease of application and superior performance, making them a preferred choice for farmers. The adoption of technology-driven irrigation systems, such as micro drip irrigation, is also fueling the demand for biofertilizers. With APAC being a major consumer of fertilizers globally, the increasing population and rising per capita income contribute to the market's growth.
- According to estimates, over 50% of the world's population relies on agriculture for their livelihoods, and the use of biofertilizers can enhance crop productivity by up to 20%. Additionally, biofertilizers can reduce the need for synthetic fertilizers by up to 30%, contributing to environmental sustainability.
Prevailing Industry Trends & Opportunities
Organic farming is increasingly gaining popularity as the next market trend. The adoption of organic farming practices is on the rise.
- Amidst the growing global population and the ensuing pressure on land and natural resources, the agricultural sector faces a significant challenge in maintaining optimal crop nutrient levels. Traditional chemical and inorganic fertilizers, such as ammonia, have been widely used to address this issue. However, their excessive application has been linked to impaired soil quality and potential health hazards. In response, the organic farming industry is gaining traction, driven by the increasing awareness of sustainable farming practices. Organic farming employs biofertilizers, which are naturally occurring microorganisms that promote nutrient uptake and enhance soil health. Compared to chemical fertilizers, biofertilizers offer several advantages.
- For instance, they can reduce the need for synthetic fertilizers by up to 50%, while improving crop yield by up to 30%. Furthermore, they help to restore soil health, ensuring long-term productivity. These benefits make biofertilizers an attractive alternative for farmers in various sectors, including horticulture, agriculture, and aquaculture.
Significant Market Challenges
The use of nitrogenous fertilizers in the industry raises significant health concerns, posing a substantial challenge to its growth.
- Biofertilizers, a sustainable alternative to traditional nitrogenous fertilizers, have gained significant traction in various industries due to their eco-friendly nature and potential health benefits. Unlike nitrogenous fertilizers, which contain chemicals like ammonia, biofertilizers rely on naturally occurring microorganisms to enhance crop productivity. These microorganisms convert atmospheric nitrogen into ammonia, making it available to plants. This process not only reduces the reliance on synthetic fertilizers but also eliminates the risks associated with their use. According to the Food and Agriculture Organization (FAO), biofertilizers can increase crop yield by 10-20% and reduce the use of chemical fertilizers by up to 50%.
- Furthermore, they help improve soil structure and fertility, leading to better water retention and reduced water usage. The market is expected to grow at a steady pace due to increasing awareness of sustainable agriculture and the need to mitigate the negative impacts of chemical fertilizers on human health and the environment. For instance, cadmium, aluminum, copper, and lead, which are common contaminants in water bodies due to the use of nitrogenous fertilizers, can lead to severe health issues such as hypertension, skin diseases, and kidney failure. The application of chemical fertilizers to plants can also increase the risks of cancer, including leukemia, large intestine cancer, and prostate cancer.
- By adopting biofertilizers, farmers can significantly reduce the risks associated with chemical fertilizers while maintaining optimal crop productivity.
In-Depth Market Segmentation: Biofertilizers Market
The biofertilizers industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Application
- Seed treatment
- Soil treatment
- Product
- Nitrogen-fixing biofertilizers
- Phosphate-solubilizing biofertilizers
- Others
- Form
- Liquid
- Granular
- Powder
- Crop Type
- Organic
- Conventional
- Geography
- North America
- US
- Canada
- Europe
- France
- Germany
- Italy
- UK
- Middle East and Africa
- Egypt
- KSA
- Oman
- UAE
- APAC
- China
- India
- Japan
- South America
- Argentina
- Brazil
- Rest of World (ROW)
- North America
By Application Insights
The seed treatment segment is estimated to witness significant growth during the forecast period.
The market continues to evolve, with seed treatment emerging as a significant trend. Seed treatment, which involves applying biofertilizers directly to seeds, enhances their quality and provides access to essential nutrients and beneficial microbes. This process, known as inoculation, boosts crop productivity by promoting growth, enhancing nitrogen fixation, and improving phosphorus solubilization.
The Seed treatment segment was valued at USD 1.27 billion in 2018 and showed a gradual increase during the forecast period.
Seed treatment also bolsters plant stress tolerance, enabling better root colonization and mycorrhizal association. Furthermore, it aids in soil amendment, pest resistance, and disease suppression, all while increasing microbial diversity and enhancing soil health. With precision farming gaining traction, seed treatment reduces the reliance on conventional chemical fertilizers and pesticides, contributing to sustainable agriculture. Approximately 30% of global seed treatment demand stems from the biofertilizers sector.
Regional Analysis
North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American market is experiencing significant growth due to the increasing trend toward organic food consumption, driven by urbanization and rising household income. According to the US Department of Agriculture (USDA), the number of certified organic farms in the US has grown by over 20% since 2015. This growth is attributed to the availability of educational resources provided by the USDA, which help organic producers adopt the latest organic farming practices, including the use of biofertilizers. In Canada, the organic food market size was valued at over USD 4 billion in 2020 and is projected to expand at a steady pace.
Biofertilizers' adoption in organic farming is a key factor contributing to this growth, as they offer operational efficiency gains and cost reductions compared to synthetic fertilizers, while also ensuring regulatory compliance.
Customer Landscape of Biofertilizers Industry
Competitive Intelligence by Technavio Analysis: Leading Players in the Biofertilizers Market
Companies are implementing various strategies, such as strategic alliances, biofertilizers market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Novozymes A/S - This company specializes in the production and distribution of biofertilizers, including Soil Set, Contribute Sr, Liqui Plex Bonder, Liqui Plex Minerals, Crop Set, Natures Basics 2x, Grain Set, Agro Mos, and Galvanize Contact.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Novozymes A/S
- Chr. Hansen Holding A/S
- Syngenta AG
- Bayer AG
- BASF SE
- Gujarat State Fertilizers & Chemicals Ltd.
- Lallemand Inc.
- Valent BioSciences
- Kiwa Bio-Tech Products Group Corporation
- AgriLife
- Mapleton Agri Biotech
- Madras Fertilizers Limited
- Biomax Naturals
- Rizobacter Argentina S.A.
- Symborg
- Stoller Group
- T. Stanes & Company Limited
- Camson Bio Technologies
- Nutramax Laboratories
- BioProtan
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Biofertilizers Market
- In August 2024, Danish biotech company Novozymes announced the launch of its new biofertilizer product, "Suezmax N," in collaboration with Suez, a global water technology and recycling solutions provider. This innovative biofertilizer is designed to enhance nitrogen use efficiency in crops, reducing the need for synthetic fertilizers and promoting sustainable agriculture (Novozymes Press Release, 2024).
- In November 2024, Indian fertilizer manufacturer Coromandel International Limited signed a strategic partnership agreement with the International Fertilizer Development Center (IFDC) to develop and commercialize biofertilizer products using IFDC's proprietary technology. This collaboration aims to strengthen Coromandel's position in the global biofertilizer market and contribute to sustainable agriculture in India (Coromandel International Press Release, 2024).
- In February 2025, US-based biofertilizer company, BioWorks, Inc., secured a Series C funding round of USD30 million, led by S2G Ventures. This investment will support the expansion of BioWorks' production capacity and the development of new biofertilizer products, further solidifying their position as a key player in the market (BioWorks Press Release, 2025).
- In May 2025, the European Commission approved the use of certain biofertilizers derived from animal by-products for organic farming, marking a significant policy change. This decision is expected to boost the demand for biofertilizers in the European organic farming sector and promote more sustainable agricultural practices (European Commission Press Release, 2025).
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Biofertilizers Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 13.64% |
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Market growth 2024-2028 |
USD 2271.4 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
11.72 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The market is experiencing significant growth as farmers and agribusinesses seek sustainable farming practices. Rhizobacteria mediated nutrient uptake and mycorrhizal fungi colonization impact are key mechanisms driving this trend. Rhizobacteria enhance nutrient availability for plants, while mycorrhizal fungi increase phosphorus use efficiency in crops by up to 20% compared to non-inoculated plants. PGPR (Plant Growth Promoting Rhizobacteria) influence on crop yield is another significant factor, with studies showing an average increase of 10-30% in wheat, rice, and maize yields. Moreover, am fungi contribute to drought tolerance and biocontrol against plant pathogens, making biofertilizers an attractive option for farmers in regions with water scarcity and high disease pressure. The application of biofertilizers also improves soil health by promoting soil nutrient cycling processes, such as organic matter decomposition rate, and enhancing soil microbial diversity. Humic acid enhanced nutrient availability is another important benefit of biofertilizers. Humic acid acts as a natural chelating agent, making nutrients more accessible to plants and improving nitrogen use efficiency by up to 30% in legumes. Furthermore, plant growth promotion mechanisms, such as phytohormone modulation and crop stress tolerance mechanisms, contribute to the overall productivity and resilience of crops. The microbial community composition in soil plays a crucial role in the efficacy of biofertilizers across different crops. Understanding the rhizosphere microbial interactions and their impact on soil health and nutrient cycling processes is essential for optimizing biofertilizer application and ensuring compliance with regulatory requirements. In conclusion, the market offers a sustainable and efficient alternative to traditional fertilizers. By improving nutrient availability, promoting plant growth, and enhancing soil health, biofertilizers contribute to operational planning and supply chain efficiency for agribusinesses. The market growth is expected to continue, with an increasing focus on sustainable farming practices and the need to address the challenges of nutrient deficiencies, water scarcity, and plant pathogens.
What are the Key Data Covered in this Biofertilizers Market Research and Growth Report?
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What is the expected growth of the Biofertilizers Market between 2024 and 2028?
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USD 2.27 billion, at a CAGR of 13.64%
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What segmentation does the market report cover?
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The report is segmented by Application (Seed treatment and Soil treatment), Product (Nitrogen-fixing biofertilizers, Phosphate-solubilizing biofertilizers, and Others), Geography (North America, Europe, APAC, South America, and Middle East and Africa), Form (Liquid, Granular, and Powder), and Crop Type (Organic and Conventional)
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Which regions are analyzed in the report?
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North America, Europe, APAC, South America, and Middle East and Africa
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What are the key growth drivers and market challenges?
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Increase in demand for biofertilizers from developing countries, Health concerns regarding use of nitrogenous fertilizers
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Who are the major players in the Biofertilizers Market?
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Novozymes A/S, Chr. Hansen Holding A/S, Syngenta AG, Bayer AG, BASF SE, Gujarat State Fertilizers & Chemicals Ltd., Lallemand Inc., Valent BioSciences, Kiwa Bio-Tech Products Group Corporation, AgriLife, Mapleton Agri Biotech, Madras Fertilizers Limited, Biomax Naturals, Rizobacter Argentina S.A., Symborg, Stoller Group, T. Stanes & Company Limited, Camson Bio Technologies, Nutramax Laboratories, and BioProtan
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