Biofertilizer Market Worth USD 6.5 Bn by 2034 at 12.0% CAGR

Overview

New York, NY – August 22, 2025 – The Global Biofertilizer Market is projected to grow from USD 2.1 billion in 2024 to USD 6.5 billion by 2034, with a CAGR of 12.0% during the 2025–2034 forecast period. In 2024, North America led the market, holding a 44.2% share with USD 0.9 billion in revenue.

In India, the biofertilizer concentrates sector is witnessing robust growth, fueled by rising awareness of sustainable agriculture, supportive government policies, and biotechnological advancements. Biofertilizers, which contain living microorganisms that enhance plant growth by improving nutrient availability, are increasingly favored as eco-friendly alternatives to chemical fertilizers. The Indian government is actively promoting biofertilizer adoption through various initiatives.

The Indian Council of Agricultural Research (ICAR) has developed advanced liquid biofertilizer technologies with longer shelf life and crop- and soil-specific strains. Additionally, the government offers 100% financial assistance of up to INR 160 lakh to establish state-of-the-art biofertilizer production units. Under schemes like the Paramparagat Krishi Vikas Yojana (PKVY) and Mission Organic Value Chain Development for North Eastern Region (MOVCDNER), farmers receive INR 15,000 per hectare for three years via Direct Benefit Transfer (DBT) to procure organic inputs, including biofertilizers.

The growing demand for organic produce is further driving the shift toward organic farming. India, with around 1.3 million certified organic producers, is the global leader in the number of organic farmers, though organic farmland remains a small fraction of total agricultural land. The launch of the Prime Minister Dhan-Dhaanya Krishi Yojana in July 2025, a six-year program with an annual budget of INR 24,000 crore, aims to enhance crop yields and farmers’ incomes in 100 underperforming districts, further supporting the biofertilizer market’s growth.

Key Takeaways

• Biofertilizer Market size is expected to be worth around USD 6.5 billion by 2034, from USD 2.1 billion in 2024, growing at a CAGR of 12.0%.
• Nitrogen-fixing Biofertilizers held a dominant market position, capturing more than a 74.2% share.
• Liquid biofertilizers held a dominant market position, capturing more than a 61.2% share.
• The cereals & grains segment held a dominant market position, capturing more than a 44.3% share.
• Soil treatment held a dominant market position in the biofertilizer sector, capturing more than a 56.4% share.
• North America was the dominant region in the biofertilizer market, accounting for 44.2% of global revenue—about USD 0.9 billion.

➤ Curious about the content? Explore a sample copy of this report – https://market.us/report/global-biofertilizer-market/request-sample/

Biofertilizer Statistics

• India ranks as the second-largest producer and consumer of chemical fertilizers globally. Chemical fertilizer consumption (excluding single super phosphate, SSP) reached 62.98 million tonnes, reflecting an 82.5% increase.
• Per hectare fertilizer use is 161 kg, up 75%, the national average of 133.4 kg per hectare.
• Urea accounts for over 50% of India’s chemical fertilizer consumption. Consumption of complex fertilizers surged by 163%, diammonium phosphate by 103%, urea by 83%, and muriate of potassium by 92%.
• SSP consumption grew by 25%. The chemical fertilizer subsidy has risen sharply, reaching Rs 1,31,230 crore, over 10 times the subsidy in earlier years.
• India produced about 1,34,323 tonnes of carrier-based solid biofertilizers. The total production of liquid biofertilizers in India was about 26,442 kilolitre (kl).
• India had 424 carrier-based solid biofertilizer manufacturing units and 108 liquid biofertilizer manufacturing units. The production capacities are not optimally utilized by all states.

Report Scope

➤ Directly purchase a copy of the report – https://market.us/purchase-report/?report_id=155066

Key Market Segments

By Type Analysis

In 2024, nitrogen-fixing biofertilizers dominated the market, holding a 74.2% share. Their prominence stems from their critical role in improving soil fertility by converting atmospheric nitrogen into plant-usable forms, a vital nutrient for crop growth. This segment is particularly significant for nitrogen-intensive cereals and grains, driving their widespread adoption. By reducing reliance on synthetic nitrogen fertilizers, these biofertilizers support sustainable farming and environmental health.

By Form Analysis

In 2024, liquid biofertilizers captured a 61.2% market share, reflecting their growing preference among farmers. Their advantages include ease of application, compatibility with irrigation systems, and uniform microbial distribution, making them ideal for large-scale and precision farming. Advances in formulation technologies have further improved their stability and shelf life.

By Crop Type Analysis

In 2024, the cereals and grains segment led the biofertilizer market with a 44.3% share, driven by the extensive cultivation of crops like rice, wheat, and maize. These crops benefit significantly from biofertilizers, which enhance soil fertility and reduce reliance on chemical fertilizers, promoting sustainable agriculture. Government subsidies and initiatives further boost biofertilizer use in this segment.

By Mode of Application Analysis

In 2024, soil treatment dominated biofertilizer applications, accounting for a 56.4% market share. This method involves applying biofertilizers directly to the soil, enabling beneficial microorganisms to colonize the rhizosphere, enhance nutrient availability, and improve soil structure. Its effectiveness in boosting soil health and fertility drives its widespread use in sustainable agriculture. Soil treatment ensures uniform nutrient distribution and better plant establishment, positioning it to maintain its dominance as the agricultural sector prioritizes eco-friendly practices.

Regional Analysis

North America Dominates Biofertilizer Market with 44.2% Share in 2024

In 2024, North America led the global biofertilizer market, capturing 44.2% of the market share, equivalent to approximately USD 0.9 billion in revenue. This dominance is driven by extensive row-crop farming and increasing use of specialty crops. The U.S. accounted for 80–85% of the region’s sales, followed by Canada at 12–15%, with Mexico contributing the remainder, supported by robust distribution networks and streamlined product registrations.

Nitrogen-fixing biofertilizers, primarily used for corn, soybeans, and pulses, made up about two-thirds of the region’s biofertilizer market value in 2024. Growers’ adoption was spurred by 3–7% yield stabilization and cost management in response to synthetic fertilizer price volatility since 2022. Stricter water-quality and soil-health regulations in key states also prompted increased on-farm trials.

Distribution grew through agricultural retailers and cooperatives, boosting treated acreage in the U.S. Midwest and Canadian Prairies. High-value fruit and vegetable sectors in California and the Pacific Northwest saw rapid adoption due to stringent residue limits and export standards favoring biological inputs. In Canada, clear regulations and on-farm carbon initiatives drove double-digit growth in cereals and oilseeds, while Mexico’s horticulture sector contributed consistent demand for microbial consortia in fertigation systems.

Top Use Cases

• Enhancing Soil Fertility: Biofertilizers, like nitrogen-fixing bacteria, enrich soil by converting atmospheric nitrogen into plant-usable forms. They improve nutrient availability for crops like corn and wheat, boosting yields. This reduces reliance on chemical fertilizers, promoting sustainable farming and healthier soil ecosystems, especially in regions with degraded land.
• Boosting Crop Yields: Biofertilizers, such as Rhizobium and Azospirillum, enhance crop productivity by improving nutrient uptake. Used in cereals and pulses, they increase yields in organic farming. Farmers benefit from cost savings and higher returns, making biofertilizers a practical choice for sustainable agriculture.
• Reducing Environmental Impact: Biofertilizers minimize nutrient runoff compared to chemical fertilizers, protecting water bodies from pollution. Phosphate-solubilizing bacteria release nutrients slowly, improving soil structure and reducing greenhouse gas emissions. This eco-friendly approach supports sustainable farming and aligns with stricter environmental regulations globally.
• Improving Stress Tolerance: Biofertilizers with endophytic microbes help crops withstand drought, salinity, and other stresses. They produce growth hormones like IAA, enhancing plant resilience. Used in regions with harsh climates, they stabilize yields, offering farmers a reliable solution for climate-smart agriculture.
• Supporting Organic Farming: Biofertilizers are vital for organic farming, providing natural nutrient sources for crops like fruits and vegetables. They meet rising consumer demand for residue-free produce, with liquid formulations ensuring easy application. This supports the growing organic market, projected to expand significantly.

Recent Developments

1. CBF China Bio-Fertilizer AG

CBF is focusing on expanding its international footprint and product range beyond traditional agricultural inputs. Recent developments highlight strategic partnerships in Southeast Asia and Africa to commercialize their organic waste-to-fertilizer solutions. They are investing in advanced fermentation technologies to enhance the efficacy and shelf-life of their microbial consortia, aiming to improve soil health and crop resilience on a global scale.

2. Novozymes A/S

Novozymes continues to lead with microbial innovation, recently launching its latest biofertilizer, JumpStart PLUS. This product combines powerful fungi and bacteria to enhance phosphorus availability. A key development is their expanded partnership with Pivot Bio, focusing on integrating microbial nitrogen solutions into conventional farming systems to significantly reduce synthetic fertilizer use and decarbonize the supply chain.

3. AgriLife

AgriLife has recently emphasized the development of mycorrhiza-based biofertilizers, particularly for horticultural and plantation crops in India. Their latest product, “Root Max,” is designed to improve water and nutrient uptake in drought-prone areas. They are also engaging in government-supported initiatives to promote sustainable farming practices among smallholder farmers, demonstrating a commitment to outreach and education.

4. Biomax

Biomax’s recent developments are centered on waste valorization and circular economy models. They have enhanced their proprietary technology to convert urban and agricultural waste into high-quality, nutrient-rich organic fertilizers more efficiently. A key initiative includes setting up new decentralized waste processing units, reducing landfill burden while creating sustainable bio-inputs for local farming communities, aligning with national green initiatives.

5. Symborg S.L

Symborg remains a key innovator in microbial R&D. Their recent highlight is the expansion of their exclusive Glomus iranicum var. tenuihypharum mycorrhizal fungus technology into new geographic markets, including the United States. They are also focusing on digital agriculture, integrating their biofertilizer recommendations with farm management software to optimize application timing and maximize crop productivity through data-driven insights.

Conclusion

Biofertilizers are transforming agriculture by offering sustainable, cost-effective, and eco-friendly solutions. They enhance soil health, boost crop yields, and reduce environmental harm, aligning with global demand for organic and sustainable farming. As awareness and technological advancements grow, biofertilizers are poised to play a critical role in ensuring food security and environmental sustainability, driving market expansion.

Discuss Your Needs With Our Analyst

Please share your requirements with more details so our analyst can check if they can solve your problem(s)

Request a Sample Download PDF