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The global biofertilizers market size was valued at USD 2.53 billion in 2024. The market is projected to grow from USD 2.83 billion in 2025 to USD 6.34 billion by 2032, exhibiting a CAGR of 12.21% during the 2025-2032 period.
Fortune Business Insights™ presents this information in its report titled “Biofertilizers Market Size, Share & Industry Analysis, By Type (Nitrogen Fixing, Phosphate Solubilizers, and Others), By Microorganism (Rhizobium, Azotobacter, Azospirillum, Pseudomonas, Bacillus, VAM, and Others), By Application (Seed Treatment, Soil Treatment, and Others), By Crop Type (Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Others), and Regional Forecast, 2025-2032”.
Biofertilizers, or bioinoculants, consist of living microbes applied through soil or seed to amplify plant nutrition by colonizing the rhizosphere. Initiatives such as the National Mission for Sustainable Agriculture (NMSA) in India demonstrate governmental commitment to sustainable agriculture.
The COVID-19 pandemic disrupted biofertilizer production by causing significant challenges in raw material procurement, adversely affecting the agricultural industry.
Grace Breeding Cuts Corn Nitrogen Usage by 50% to Exhibit Sustainable Approach Toward Corn Production
Grace Breeding achieved a 50% reduction in artificial nitrogen usage in corn production through field trials in Brazil, conducted in partnership with Universidade Estadual de Londrina. Moreover, the company expanded geographically as its NFT Proprietary Bio Fertilizer received registration approval in Brazil, showcasing a sustainable approach to corn production.
Government Incentives for Sustainable Agriculture to Propel Market Growth
The green revolution significantly increased food production and also caused notable environmental damage, including water contamination and soil deterioration due to the widespread use of chemical fertilizers. Governments in agriculturally dominant economies are now promoting sustainable practices such as biofertilizers. For example, in July 2023, the Indian government launched the PM PRANAM scheme to encourage the balanced use of synthetic and biological fertilizers, reducing subsidies for chemical fertilizers while providing a 50% subsidy to states for investing in new fertilizer technology.
However, biofertilizer manufacturers face challenges in maintaining microorganism viability, requiring specific storage conditions. This demands advanced logistics and technical expertise, impacting product efficacy.
Key Industry Participants Focus on Strategic Expansion and Collaboration to Achieve Sustainable Agricultural Solutions
Key players such as Novozymes A/S and Bioceres S.A. are driving market growth through strategic expansions and collaborations. The merger between Bioceres and Marrone Bio Innovations exemplifies the industry's focus on consolidations for a holistic approach to sustainable agricultural solutions. In addition, several firms are working toward surging their manufacturing facilities with an aim to meet product demand and drive the biofertilizers market growth.
List of Key Players Profiled in the Report:-
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https://www.fortunebusinessinsights.com/industry-reports/biofertilizers-market-100413
Key Industry Development
Further Report Findings:
Table of Segmentation
Study Period | 2019-2032 |
Base Year | 2024 |
Forecast Period | 2025-2032 |
Historical Period | 2019-2023 |
Unit | Value (USD Billion) |
Growth Rate | CAGR of 12.21% from 2025 to 2032 |
Segmentation
| By Type
By Microorganism
By Application
By Crop Type
By Geography
|