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 degr...