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Biofertilizer Market Size

The biofertilizer market is projected to experience significant growth over the forecast period, with mycorrhiza being the most widely used form due to its effectiveness in enhancing crop yields. Rhizobium is noted for its rapid growth, particularly in its symbiotic relationship with leguminous plants. Row crops dominate the market in terms of consumption, with a substantial portion attributed to major crops like rice, corn, and soybean. North America leads in market size, driven by an increase in organic crop cultivation.

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Market Size of biofertilizer Industry

Biofertilizer Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 3.27 Billion
svg icon Market Size (2029) USD 5.23 Billion
svg icon Largest Share by Form Mycorrhiza
svg icon CAGR (2024 - 2029) 9.85 %
svg icon Largest Share by Region North America

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Biofertilizer Market Analysis

The Biofertilizer Market size is estimated at USD 3.27 billion in 2024, and is expected to reach USD 5.23 billion by 2029, growing at a CAGR of 9.85% during the forecast period (2024-2029).

  • Mycorrhiza is the Largest Form. Mycorrhiza, also referred to as Arbuscular mycorrhizal fungi (AMF), was proven to increase crop yields significantly. It is the most consumed biofertilizer globally.
  • Rhizobium is the Fastest-growing Form. Rhizobium is the most important nitrogen-fixing bacterium that exists in a symbiotic relationship with plants and lives in the root nodules of leguminous plants.
  • Row Crops is the Largest Crop Type. The major row crops grown around the world include rice, barley, corn, wheat, rapeseed, rye, soybean, etc. and they accounted for 74.6% of biofertilizer consumption in 2022.
  • North America is the Largest Region. The area under cultivation of organic crops in the region had increased by 13.5% during the historic period from 1.4 million hectares in 2017 to 1.6 million hectares in 2021.
Azospirillum, Azotobacter, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium are covered as segments by Form. Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

This section covers the major market trends shaping the Biofertilizer Market according to our research experts:

Mycorrhiza is the largest Form

  • Biofertilizers are living microorganisms that can enhance plant nutrition by either mobilizing or increasing nutrient availability in soils. The most common microorganisms used as biofertilizers in agriculture include mycorrhiza, Azospirillum, Azotobacter, Rhizobium, and phosphate-solubilizing bacteria.
  • Among these, mycorrhiza is the most consumed biofertilizer globally. It accounted for 36.3% of the biofertilizer segment in 2022, with a market value of USD 995.3 million and a volume of 96.6 thousand metric tons. Mycorrhiza increases the root surface area of plants, thus enhancing their nutrient uptake.
  • Rhizobium is the second most consumed biofertilizer globally. It accounted for 24.8% of the biofertilizer segment in 2022. North America dominated the rhizobium sub-segment with a market share of 52.7% in the same year. Row crops dominated the rhizobium sub-segment in North America, accounting for 62.4% in 2022. Rhizobium has a symbiotic association with leguminous crops, a category of row crops. Thus, row crops dominated the rhizobium sub-segment. North America also has a large cultivation area of row crops. The rhizobium sub-segment in the North American row crops market is anticipated to record a CAGR of 10.5% during the forecast period.
  • Azospirillum accounted for 16.8% of the biofertilizer segment. North America dominated the Azospirillum sub-segment, accounting for 46.4% in 2022. The market value increased by about 57.8% during the historic period.
  • Thus, the biofertilizer segment of the global agricultural biologicals market is expected to grow in the coming years as more farmers seek sustainable and eco-friendly solutions to improve crop yields and soil health.
Biofertilizer Market: Biofertilizer Market, CAGR, %, By Form, 2023 - 2029

Biofertilizer Industry Segmentation

Azospirillum, Azotobacter, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium are covered as segments by Form. Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
Form
Azospirillum
Azotobacter
Mycorrhiza
Phosphate Solubilizing Bacteria
Rhizobium
Other Biofertilizers
Crop Type
Cash Crops
Horticultural Crops
Row Crops
Region
Africa
By Country
Egypt
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Netherlands
Russia
Spain
Turkey
United Kingdom
Rest of Europe
Middle East
By Country
Iran
Saudi Arabia
Rest of Middle East
North America
By Country
Canada
Mexico
United States
Rest of North America
South America
By Country
Argentina
Brazil
Rest of South America
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Biofertilizer Market Size Summary

The biofertilizer market is poised for significant growth, driven by the increasing demand for sustainable agricultural practices. Biofertilizers, which are living microorganisms, enhance plant nutrition by mobilizing or increasing nutrient availability in soils. Mycorrhiza, a type of fungi, is the most consumed biofertilizer globally due to its ability to significantly boost crop yields by increasing the root surface area of plants. Rhizobium, a nitrogen-fixing bacterium, is rapidly gaining traction, particularly in North America, where it forms a symbiotic relationship with leguminous plants. The market is characterized by a strong presence in row crops, which dominate biofertilizer consumption, especially in regions like North America and Europe. These regions are leading consumers, with North America holding a substantial share of the market, driven by a growing area under organic crop cultivation and rising demand for organic food products.

The biofertilizer market is expected to expand as more farmers seek eco-friendly solutions to enhance crop yields and soil health. The Asia-Pacific region, with countries like China and India, is emerging as a significant player in organic crop production, although organic farming remains a small fraction of their total agricultural area. The market is fragmented, with major players like Gujarat State Fertilizers & Chemicals Ltd, Indian Farmers Fertiliser Cooperative Limited, and Koppert Biological Systems Inc. actively investing in production capabilities to strengthen their global presence. Recent developments, such as Koppert's investment in new production units in Brazil and Symborg's expansion in Spain, highlight the industry's focus on increasing production and distribution of biofertilizers. The growing organic crop area and demand for organic commodities, particularly in Europe and North America, are expected to drive the market's growth during the forecast period.

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Biofertilizer Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION

    1. 1.1 Form

      1. 1.1.1 Azospirillum

      2. 1.1.2 Azotobacter

      3. 1.1.3 Mycorrhiza

      4. 1.1.4 Phosphate Solubilizing Bacteria

      5. 1.1.5 Rhizobium

      6. 1.1.6 Other Biofertilizers

    2. 1.2 Crop Type

      1. 1.2.1 Cash Crops

      2. 1.2.2 Horticultural Crops

      3. 1.2.3 Row Crops

    3. 1.3 Region

      1. 1.3.1 Africa

        1. 1.3.1.1 By Country

          1. 1.3.1.1.1 Egypt

          2. 1.3.1.1.2 Nigeria

          3. 1.3.1.1.3 South Africa

          4. 1.3.1.1.4 Rest of Africa

      2. 1.3.2 Asia-Pacific

        1. 1.3.2.1 By Country

          1. 1.3.2.1.1 Australia

          2. 1.3.2.1.2 China

          3. 1.3.2.1.3 India

          4. 1.3.2.1.4 Indonesia

          5. 1.3.2.1.5 Japan

          6. 1.3.2.1.6 Philippines

          7. 1.3.2.1.7 Thailand

          8. 1.3.2.1.8 Vietnam

          9. 1.3.2.1.9 Rest of Asia-Pacific

      3. 1.3.3 Europe

        1. 1.3.3.1 By Country

          1. 1.3.3.1.1 France

          2. 1.3.3.1.2 Germany

          3. 1.3.3.1.3 Italy

          4. 1.3.3.1.4 Netherlands

          5. 1.3.3.1.5 Russia

          6. 1.3.3.1.6 Spain

          7. 1.3.3.1.7 Turkey

          8. 1.3.3.1.8 United Kingdom

          9. 1.3.3.1.9 Rest of Europe

      4. 1.3.4 Middle East

        1. 1.3.4.1 By Country

          1. 1.3.4.1.1 Iran

          2. 1.3.4.1.2 Saudi Arabia

          3. 1.3.4.1.3 Rest of Middle East

      5. 1.3.5 North America

        1. 1.3.5.1 By Country

          1. 1.3.5.1.1 Canada

          2. 1.3.5.1.2 Mexico

          3. 1.3.5.1.3 United States

          4. 1.3.5.1.4 Rest of North America

      6. 1.3.6 South America

        1. 1.3.6.1 By Country

          1. 1.3.6.1.1 Argentina

          2. 1.3.6.1.2 Brazil

          3. 1.3.6.1.3 Rest of South America

Biofertilizer Market Size FAQs

The Biofertilizer Market size is expected to reach USD 3.27 billion in 2024 and grow at a CAGR of 9.85% to reach USD 5.23 billion by 2029.

In 2024, the Biofertilizer Market size is expected to reach USD 3.27 billion.

Biofertilizer Market Report Snapshots

Biofertilizer Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis Up to 2029