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The global biofertilisers market value reached about USD 3.37 Billion in 2023. The market is further expected to grow at a CAGR of about 12.70% in the forecast period of 2024-2032 to reach a value of approximately USD 9.88 Billion by 2032.
Base Year
Historical Year
Forecast Year
Global Biofertilisers Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 3.37 |
Market Size 2032 | USD Billion | 9.88 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 12.7% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 14.7% |
CAGR 2024-2032 - Market by Country | India | 16.8% |
CAGR 2024-2032 - Market by Country | China | 14.0% |
CAGR 2024-2032 - Market by Type | Nitrogen-Fixing Biofertilisers | 14.2% |
CAGR 2024-2032 - Market by Application | Seed Treatment | 14.1% |
Market Share by Country 2023 | UK | 3.7% |
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Bio fertilisers are derived from biological waste containing live microorganisms. Like chemical fertilisers that provide direct nutrients to the plant, bio fertilisers help increase overall soil fertility. The microorganisms found in these fertilisers decompose organic matter and break down complex minerals for fast plant absorption. This system enriches the soil with nutrients, which, in effect, encourage healthy plant growth. In addition, biofertilisers do not allow pathogens to develop, which helps prevent crop diseases, thus, driving the growth of the biofertilisers market.
Value in USD Billion
2024-2032
Biofertilisers Market Outlook
*this image is indicative*
The increasing environmental consciousness is one of the main factors driving the biofertilisers market development. There is a rise in the inclination towards biofertilisers due to increased awareness of adverse environmental consequences, like soil degradation and emissions, caused using chemical fertilizers. In addition, the growing demand for organic fruit and vegetables, due to increasing consumer health consciousness, is also providing a boost to the biofertilisers industry growth.
As per industry reports, in 2023, European Union land use for various agricultural purposes spanned 123.8 million hectares. The largest shares were coarse grains at 17% and non-fertilized grasslands at 18%. Fertilized grasslands and wheat accounted for 15%. Other significant categories included oilseeds and fodder, each at 8%, permanent and perennial crops at 7%, and other crops at 4%. Minor uses included potatoes, sugar beets, and maize for biogas at 1% each, with idled land making up 3% and non-fertilized arable land at 2%. This distribution highlights the diverse agricultural practices and land management strategies, bolstering the biofertilisers market revenue.
As per IFA, in 2022, urea production was stable at around 185 million tonnes, while trade was approximately 50 million tonnes. In 2023, production increased by 3.6%, reaching 190 million tonnes. However, trade saw a decline of 4.3%, dropping to 51 million tonnes. The upward trend in production contrasts with the decrease in trade, indicating potential shifts in domestic consumption or supply chain dynamics within the global urea market as reported by the International Fertilizer Association (IFA).
As per IFA, from FY 2024 to FY 2027, global fertilizer consumption is projected to increase, driven predominantly by South Asia and Latin America. South Asia and Latin America will see growth rates of 5% and 7%, respectively. Africa is expected to experience the highest growth at 17%, while EECA will grow by 13%. Oceania and West Asia will see 7% and 10% growth. Mature markets like North America and East Asia will have modest increases of 3% and 2%, respectively. Global fertilizer use will rise by 5% overall during this period.
As per the biofertiliser market analysis, the United States led with 44.90 million tonnes, followed by France with 34.63 million tonnes. Germany produced 22.59 million tonnes, while the United Kingdom and Brazil harvested 15.54 million and 10.34 million tonnes respectively.
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Global Biofertilisers Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Crop
Market Breakup by Microorganism
Market Breakup by Treatment
Market Breakup by Region
CAGR 2024-2032 - Market by | Country |
India | 16.8% |
China | 14.0% |
USA | 11.4% |
Germany | 10.5% |
France | 10.0% |
Canada | XX% |
UK | XX% |
Italy | XX% |
Japan | 8.8% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
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Governments in several countries have taken steps to discourage the use of chemical fertilisers and to encourage sustainable farming practices that support the growth of the biofertilisers industry. For example, as part of the National Sustainable Development Mission (NMSA) and other rural agricultural programs, the government in India is encouraging the use of biofertilisers in the agriculture industry.
The initiative aims to expand all forms of support and financial assistance to farmers, while is also increasing awareness about the use of biopesticides sustainable methods to increase overall crop production further boosting the biofertilisers market demand.
The companies are an agricultural biotechnology firm that specializes in creating microbiological solutions to boost crop productivity. They are focusing on biofertilisers, inoculants, and biopesticides, to promote sustainable farming practices and enhance agricultural yields.
Leading innovation with its BioAg Alliance with Bayer CropScience. Multiple certifications including ISO 9001 and ISO 14001.
Recognised for adhering to quality standards. The company have entered into strategic partnerships with agricu...
Pioneering research in inoculants and biofertilisers tailored. Accredited with certifications such as ISO 9001...
The company is investing in sustainable agricultural practices. Certified with ISO 9001 and ISO 14001.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Lallemand Inc, Madras Fertilizers Limited and among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global biofertilisers market reached a value of USD 3.37 Billion in 2023.
The global biofertilisers market is assessed to grow at a CAGR of 12.70% between 2024 and 2032.
The market is estimated to reach a value of about USD 9.88 Billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, growing demand for organic fruit and vegetables, increased awareness of adverse environmental consequences, and the increasing consumer health consciousness.
The governments in a number of countries have taken various steps to discourage the use of chemical fertilisers and to promote sustainable farming practices, which is expected to be a key trend for the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The major types of the product include nitrogen-fixing biofertilisers and phosphate-fixing biofertilisers, among others.
Based on the crop, the market is divided into cereals and grains, pulses and oilseeds, fruits and vegetables and others.
Seed treatment is the leading mode of application in the market.
The microorganisms include cyanobacter, rhizobium, phosphate solubilizing bacteria, and azotobacter, among others.
The market's key players are Novozymes A/S, National Fertilizers Limited, Rizobacter Argentina S.A., Gujarat State Fertilizers & Chemicals Ltd., Lallemand Inc., and Madras Fertilizers Limited, among others.
Based on the treatment, the market is divided into seed treatment and soil treatment.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Crop |
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Breakup by Microorganism |
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Breakup by Mode of Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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