Biofertilizers Market Analysis

Biofertilizers Market Analysis

In terms of product, the biofertilizers market from the nitrogen-fixing segment is primed to reach a valuation of USD 3.5 billion by 2032. Nitrogen-fixing is categorized into symbiotic nitrogen fixation, which includes Frankia with trees, legume Rhizobium, and cyanobacteria with fungi, all derived from flora, and non-symbiotic fixation consisting of anaerobic free living, microaerophilic, and aerobic free-living nitrogen-fixing. Nitrogen consists of protein and nucleic acid, which is highly important for crop germination, however, direct nitrogen can impose harmful effects on seeds. Nitrogen-fixing eases protein multiplication in the form of an edible source of dietary protein.
 

The biofertilizers market from the seed treatment segment was valued at more than USD 1.5 billion in 2022 and is likely to observe notable progress between 2023 and 2032 owing to complex applications of biological, physical, and chemical agents on seeds for effective protection and production improvement, which can be achieved efficiently by biofertilizers securing them from soil-borne diseases. Moreover, supportive government regulations, such as the Indian Integrated Plant Nutrition Management Bill initialized in 2022, are also discouraging the use of chemical fertilizers, shifting consumer focus towards eco-friendly and organic seed treatment methods.
 

Biofertilizers market from dry segment is set to garner a valuation of more than USD 3 billion by 2032. The extensive diversity and availability of dry biofertilizers due to their physical consistency varying from large grains to a very fine, powdered form, is receiving positive attention from consumers. Dry biofertilizers are often sprayed on the soil and slowly released to the plants, which makes them an easy option for providing extra nourishment during crop life cycles in contrast to liquid fertilizers. Their slow-release technique aids the plant in breathing while avoiding the inundation of nutrients simultaneously.
 

Based on crop, the biofertilizers market from the cereals & grains segment is expected to grow at over 8.5% CAGR from 2023 to 2032 propelled by the rising demand for high nutrients, including nitrogen, to support growth and development in cereal plants due to the instability of natural nitrogen. Biofertilizers are widely regarded as an alternative to nitrogen-based fertilizers since they contain microbial inoculants that can increase the productivity of grains and cereals as well as plant growth.
 

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North America biofertilizers market is speculated to reach over USD 1.8 billion in revenue by 2032 attributed to the booming agriculture technology sector. Additionally, recent advancements in microbiology with the beneficial use of bio-organisms for long-term soil fertility are fueling regional growth. Recently, a team of researchers found that biofertilizers with 40% reduced nitrogen produced superior results compared to mineral-based fertilizers and biofertilizers combined with plant growth-promoting rhizobacteria (PGPR) promoted fungal association with sugarcane, enhancing production capacity.