Biofertilizers Market by Type (Composting Accelerators, Nitrogen Fixing Biofertilizers, Phosphorus Solubilizing Biofertilizers), Microorganism Type (Algal, Bacterial, Fungal), Form, Crop Type, Application - Global Forecast 2024-2030

[195 Pages Report] The Biofertilizers Market size was estimated at USD 5.07 billion in 2023 and expected to reach USD 5.60 billion in 2024, at a CAGR 10.73% to reach USD 10.36 billion by 2030.

Biofertilizers contain living microorganisms that significantly promote plant growth, by increasing nutrient supply, root area or root biomass, and nutrient uptake capacity of the plants. Biofertilizers add nutrients to the plants through the natural processes of fixing atmospheric nitrogen, solubilizing phosphorus, and stimulating plant growth by synthesizing growth-promoting substances. Biofertilizers' potential benefits compared to chemical fertilizers and increasing demand from the organic industry accelerate the use of biofertilizers. In addition, a surge in increased fruit output, high-quality fruits, decreased input costs, and increased soil organic content promoting the use of biofertilizers. Furthermore, the lack of infrastructure & need for high initial investment limits the biofertilizers market growth. Biofertilizer products have a limited shelf-life, run an increased risk of contamination, and can be affected by soil temperature, pH, and biofertilizer source and species. Emerging adoption of precision farming, modern agriculture techniques, and investment & implementation of biofertilizers in developing economies create opportunities for the market.

The increase in the American consumer's adoption of organically grown foods is driving the market for biofertilizers. The government is taking initiatives for farming practices in the American region which bring significant changes in agricultural methods & trends. The European Council finalized a 20% reduction in greenhouse gasses and 20% of energy obtained from renewable sources. This initiative increases the demand for biofertilizers across the European market. Furthermore, the European Commission and the U.S. Environmental Protection Agency made regulations to enhance the production of naturally derived agricultural products to alleviate the growing concerns regarding greenhouse gas emissions. Asia-Pacific countries implemented organic harvesting national standards & regulations and promoted the research, development, and commercialization of biofertilizers and biopesticides. Moreover, the Government of India supports organic farming by providing subsidies for new biofertilizers & biopesticide units. Similarly, China has launched the zero growth on chemical fertilizer and pesticide action plan to reduce the use of synthetic pesticides and fertilizers.

The market dynamics represent an ever-changing landscape of the Biofertilizers Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

• Market Drivers
  • Increasing demand of biofertilizers from the organic industry worldwide
  • Growing application attributed to its potential benefits compared to chemical fertilizers
  • Surge in production and yield of crops coupled with environmental concerns
• Market Restraints
  • Dearth of infrastructure and need for high initial investment
• Market Opportunities
  • Emerging adoption of precision farming and modern agriculture techniques
  • Robust investments in biofertilizers in developing economies
• Market Challenges
  • Availability of counterfeit products

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Biofertilizers Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Biofertilizers Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Biofertilizers Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

• Evolva and Grace Breeding form partnership for biofertilizer development

  Evolva and Grace Breeding have joined forces to develop innovative biofertilizers for crops, bolstering the ever-growing market for environmentally conscious farming. Biofertilizers are rapidly becoming a popular alternative to traditional chemical fertilizers as they stimulate plant growth and improve soil fertility without the harmful effects often associated with synthetic options. This partnership aims to leverage Evolva's expertise in fermentation and Grace Breeding's plant and microbial sciences capabilities to create sustainable solutions that can enhance crop yields while reducing environmental impacts. As the global demand for sustainable agriculture continues to rise, this partnership has great potential to bring positive change to the industry. [Published On: March 08, 2023]

• Odisha agri university starts producing biofertilizers

  The Odisha University of Agriculture and Technology has taken a significant step towards sustainable agriculture by producing biofertilizers. These fertilizers are made from natural sources and help maintain soil health and crop productivity and reducing the use of harmful chemical fertilizers. The university has started producing four types of biofertilizers - Rhizobium, Azotobacter, PSB, and VAM- suitable for different crops such as cereals, pulses, oilseeds, and fruit and vegetable crops. With the increasing demand for organic and sustainable farming, producing biofertilizers is a step in the right direction. The Odisha Agriculture University's efforts in producing biofertilizers could inspire other agricultural institutes across India to adopt sustainable farming practices. [Published On: January 21, 2023]

• TERI and CFCL launch Mycorrhiza Product

  TERI and CFCL have collaborated to launch a new product that aims to revolutionize the field of biofertilizers. This new product is called Mycorrhiza, which contains a fungus that helps plants absorb essential nutrients from the soil. Mycorrhiza is a significant step towards reducing the dependence on chemical fertilizers, promoting sustainable farming practices, and maintaining soil health. This collaboration between TERI and CFCL is a testament to their commitment to promoting sustainable agriculture and environmental stewardship. [Published On: August 02, 2022]

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Biofertilizers Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

The report delves into recent significant developments in the Biofertilizers Market, highlighting leading vendors and their innovative profiles. These include AgriLife, Agrinos AS by American Vanguard Corporation, Andermatt Biocontrol Suisse AG, ASB Grünland Helmut Aurenz GmbH, BASF SE, Bayer AG, Biomaxnaturals, BioWorks, Inc., Bloomfield Agro Products Pvt. Ltd., Bunge Limited, Certis Biologicals by Mitsui & Co., Ltd., Criyagen, EuroChem Agro GmbH, IPL Biologicals Limited, Israel Chemicals Ltd., Jaipur Bio Fertilizers, Kiwa Bio-Tech Products Group Corporation, Lallemand Inc., Manidharma Biotech Private Limited, Mapleton Agri Biotec Pt Ltd, MC Ferticom Co., Ltd., National Fertilizer Limited, Novozymes A/S, Rizobacter Argentina S.A, SEIPASA, S.A., SYMBORG CORPORATE, SL., Syngenta Crop Protection AG, UPL Limited, and Vegalab SA.

This research report categorizes the Biofertilizers Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
  • Composting Accelerators
  • Nitrogen Fixing Biofertilizers
  • Phosphorus Solubilizing Biofertilizers
  • Potassium Solubilizing Biofertilizers
• Microorganism Type
  • Algal
    • Azolla
    • Blue Green Algae (BGA)
  • Bacterial
    • Azospirillum
    • Azotobacter
    • Phosphobacteria
    • Rhizobium
  • Fungal
    • Mycorrhiza
• Form
  • Carrier Enriched Biofertilizers
  • Liquid Biofertilizers
• Crop Type
  • Fruits & Vegetables
  • Grains & Cereals
  • Plantation Crops
  • Pulses & Oilseeds
• Application
  • Seed Treatment
  • Soil Treatment

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

1. What is the current market size and projected growth?
2. Which products, segments, applications, and regions offer promising investment opportunities?
3. What are the prevailing technology trends and regulatory frameworks?
4. What is the market share and positioning of the leading vendors?
5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?