How Organic Farming and Agri-Tech Are Fueling the Biofertilizers Boom Toward US$5 Billion by 2030

Industry Experts, Inc. has released its new study, "Biofertilizers – A Global Market Overview," predicting that worldwide sales of biofertilizers will climb from US$2.6 billion in 2024 to roughly US$5.1 billion by 2030, expanding at a vigorous compound annual growth rate (CAGR) of 12.3% over the 2024-2030 analysis period.

Biofertilizers, microbial formulations that fix atmospheric nitrogen, solubilize phosphorus, mobilize potassium, and stimulate plant growth, are rapidly gaining traction as growers seek sustainable, cost-effective alternatives to synthetic fertilizers. Government incentives, organic-farming mandates, and stricter limits on chemical runoff are accelerating adoption, while precision-agriculture tools, advanced strain-development techniques, and digital application platforms have boosted efficacy and user confidence. The market's momentum is further underscored by expanding organic-food consumption, heightened awareness of soil-health degradation, and strategic collaborations between ag-tech startups and established crop-input manufacturers.

Regional demand remains led by North America, which represents 36.8% of global revenue in 2024. The United States continues to champion growth through USDA support programs, precision-agriculture infrastructure, and extensive R&D focused on microbial inputs. Asia-Pacific, however, is expected to post the fastest regional CAGR of 13.5%, driven by India's and China's integrated nutrient-management schemes, subsidies for eco-friendly inputs, and a vast network of smallholder farms shifting to low-cost biological solutions. Europe's Farm-to-Fork strategy, reinforced by national organic-farming targets, also sustains strong demand, while South America benefits from rapid expansion of certified-organic acreage in Brazil and Argentina.

From a product-mix perspective, nitrogen-fixing biofertilizers account for 70.3% of global sales in 2024, reflecting their pivotal role in boosting yields of cereals, pulses, and oilseeds while curbing nitrogen-fertilizer expenditure. Phosphate-solubilizing products are set to register the swiftest growth through 2030 as growers confront phosphorus lock-up and policymakers tighten controls on phosphate runoff. By microorganism, Rhizobium holds the leading share of 26.2%, prized for its symbiotic nitrogen-fixation capability in leguminous crops; Mycorrhizal fungi are poised for the fastest adoption pace, thanks to their proven benefits in drought tolerance, root-system development, and integrated nutrient management.

The report quantifies biofertilizer demand across five regions, North America; Europe; Asia-Pacific; South America; and Rest of World, and sub-segments the market by type (nitrogen-fixing, phosphate-solubilizing, potassium-mobilizing, and other specialized formulations), microorganism (Rhizobium, Azospirillum, Azotobacter, Mycorrhiza including VAM, Bacillus & Pseudomonas, and emerging strains), application method (foliar spray, soil treatment, seed treatment, and related techniques such as fertigation and root drenching), and crop group (cereals & grains; oilseeds & pulses; fruits & vegetables; and specialty crops ranging from plantation to ornamental varieties). Covering historical data for 2021-2023, a 2024 base year, and forecasts through 2030, the study offers value metrics in US dollars and profiles more than fifteen leading companies including Novozymes A/S, Rizobacter Argentina S.A., UPL Ltd., Lallemand Inc., IPL Biologicals, and American Vanguard while detailing recent mergers, capacity expansions, and technology partnerships reshaping the competitive landscape.

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Industry Experts, Inc. is a premier provider of market-research intelligence whose concise, unbiased analyses empower strategists, researchers, and investors to identify opportunities, benchmark performance, and mitigate risk across global industries. For additional information, call +1-320-497-3787 or visit https://industry-experts.com/.