Bio-fertilizers Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

The Global Bio-fertilizers Market Size accounted for USD 2.1 Billion in 2022 and is projected to achieve a market size of USD 6.3 Billion by 2032 growing at a CAGR of 11.9% from 2023 to 2032.

Bio-fertilizers Market Highlights

• Global bio-fertilizers market revenue is expected to increase by USD 6.3 Billion by 2032, with a 11.9% CAGR from 2023 to 2032
• North America region led with more than 33% of bio-fertilizers market share in 2022
• Asia-Pacific bio-fertilizers market growth will record a CAGR of around 13% from 2023 to 2032
• By type, Nitrogen-fixing bio-fertilizers are the largest segment of the market, accounting for around 72% of the total market share
• By application, the seed treatment segment of the market is projected to grow at a CAGR of 12.7% during the forecast period (2023-2032)
• Growing demand for sustainable agriculture practices, drives the bio-fertilizers market value

Bio-fertilizers are natural microorganisms that enhance soil fertility and plant growth. They are organic in nature and have no harmful effects on the environment. These microorganisms help in nitrogen fixation, phosphorous solubilization, and plant growth promotion. Bio-fertilizers are a sustainable and eco-friendly alternative to chemical fertilizers. They are easy to use, cost-effective, and increase crop yield and quality.

The global bio-fertilizers market is experiencing significant growth due to increased awareness among farmers about the harmful effects of chemical fertilizers. The demand for organic food has also contributed to the growth of the bio-fertilizers industry. The demand for bio-fertilizers is expected to increase as governments around the world are promoting the use of eco-friendly agricultural practices. Bio-fertilizers are an important part of sustainable agriculture, and their use can help reduce the carbon footprint of farming. With the increasing demand for sustainable agriculture practices and organic food products, the bio-fertilizer market is expected to continue growing in the coming years. Moreover, the increasing demand for food due to population growth has led to an increase in the use of bio-fertilizers. The growing popularity of organic farming is also expected to drive the growth of the bio-fertilizers market in the coming years.

Global Bio-fertilizers Market Trends

Market Drivers

• Increasing awareness about the harmful effects of chemical fertilizers on soil health and the environment
• Growing demand for organic food products
• Government initiatives to promote sustainable agriculture
• Need for higher crop yields and quality
• Increase in soil fertility and plant growth

Market Restraints

• Lack of awareness among farmers about the benefits of bio-fertilizers
• Limited availability of high-quality bio-fertilizers

Market Opportunities

• Growing demand for sustainable agriculture practices
• Increasing adoption of precision farming techniques

Bio-fertilizers Market Report Coverage

Bio-fertilizer is a constituent that contains active microorganisms, which helps in the growth of plants by growing the number of nutrients to it. The surge in the use of bio-fertilizers is anticipated to decrease the demand for chemical pesticides and fertilizers as they impede the strength of the soil. Several growth opportunities from different sectors for bio-fertilizers are expected to offer high growth potential for this market in near future.

Increasing demand for organic food, enhancing soil fertility, and rising environmental awareness are some of the factors driving the growth of this market. However, factors such as lower adoption rates by farmers and lack of awareness are impeding the growth of this market. Formulation of favorable government policies, penetration in countries having agriculture-dominant economies, and unmet demand for fertilizers would offer growth opportunities for the bio-fertilizers market.

Bio-fertilizers Market Segmentation

The global bio-fertilizers market segmentation is based on type, microorganism, application, crop type, and geography.

Bio-fertilizers Market By Type

• Nitrogen-fixing
• Potash-mobilizing
• Phosphate-solubilizing
• Others

According to the bio-fertilizers industry analysis, the nitrogen-fixing segment accounted for the largest market share in 2022. Nitrogen is one of the most essential nutrients required for plant growth, and nitrogen-fixing bio-fertilizers help to improve soil fertility by converting atmospheric nitrogen into a form that plants can absorb. Nitrogen-fixing bio-fertilizers are usually bacteria or cyanobacteria, and they play an important role in sustainable agriculture by reducing the need for chemical fertilizers, which can have harmful effects on soil health and the environment. The growth in the nitrogen-fixing market is driven by several factors, including the increasing demand for sustainable agriculture practices, the need for higher crop yields and quality, and the growing awareness about the harmful effects of chemical fertilizers on soil health and the environment.

Bio-fertilizers Market By Microorganism

• Rhizobium
• Azospirillum
• Azotobacter
• Phosphate-solubilizing Bacteria
• Cyanobacteria
• Others

In terms of microorganisms, the rhizobium segment is expected to witness significant growth in the coming years. Rhizobium is a type of nitrogen-fixing bacteria that forms a symbiotic relationship with leguminous plants, such as beans, peas, and lentils. Rhizobium bacteria infect the roots of these plants, forming nodules where they convert atmospheric nitrogen into a form that the plant can use. Rhizobium bio-fertilizers are therefore particularly important for leguminous crops, which are an important source of protein in many parts of the world. The rhizobium segment is a significant growth area in the bio-fertilizers industry, with increasing demand for sustainable agriculture practices and the need for higher crop yields driving growth.

Bio-fertilizers Market By Application

• Seed Treatment
• Soil Treatment
• Others

According to the bio-fertilizers market forecast, the seed treatment segment is expected to witness significant growth in the coming years. Seed treatment is a key segment in the market, as it involves the application of bio-fertilizers to seeds before planting. This enables the bio-fertilizers to establish a symbiotic relationship with the plant from the earliest stages of growth, improving soil health, and increasing nutrient uptake. Seed treatment bio-fertilizers are usually applied in the form of seed coatings, which protect the bio-fertilizer from degradation and ensure that it is delivered directly to the plant. The growth in the seed treatment segment is driven by several factors, including the increasing demand for sustainable agriculture practices, the need for higher crop yields and quality, and the growing awareness about the harmful effects of chemical fertilizers on soil health and the environment.

Bio-fertilizers Market By Crop Type

• Cereals & Grains
• Pulses & Oilseeds
• Fruits & Vegetables
• Others

Based on the crop type, the cereals & grains segment is expected to continue its growth trajectory in the coming years. The cereals and grains segment is a significant growth area in the market, as cereals and grains are stapled crops in many parts of the world, and increasing demand for food production has put pressure on agricultural practices to become more sustainable. Bio-fertilizers have emerged as a promising solution to improve soil health, enhance crop productivity, and reduce dependence on chemical fertilizers. The growth in the cereals and grains market is driven by several factors, including the increasing demand for food production, the need for sustainable agriculture practices, and the growing awareness about the harmful effects of chemical fertilizers on soil health and the environment.

Bio-fertilizers Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)