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Biofertilizers Market Size
- Report ID: GMI112
- Published Date: Mar 2023
- Report Format: PDF
Biofertilizers Market Size
Biofertilizers Market size exceeded USD 2 billion in 2022. The industry is anticipated to grow at more than 8% CAGR between 2023 and 2032 driven by soaring demand for organic production of plants and vegetables.
Increasing efforts by governments from various nations to promote bio-based agricultural inputs are fueling the market progress. Farmers are using more bio-based products as a result of the escalating inclination towards sustainable farming methods, which has increased the number of government programs to promote the use of biofertilizers. For instance, the U.S. Department of Agriculture announced an investment of nearly USD 300 million in the new Organic Transition Initiative to ensure farmers’ transition journey and support them in providing organic products in supermarkets.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Biofertilizers Market Size in 2022: | USD 2 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 8% |
| 2032 Value Projection: | USD 4.5 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 450 |
| Tables, Charts & Figures: | 720 |
| Segments covered: | Product, Application, Form, Crop, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Biofertilizers Market Scope
