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.
About Industry Experts, Inc.
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/.
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