United States Biofertilizer Market Size to Reach US$ 1,240 Million By 2028

According to the latest report by IMARC Group, titled, "United States Biofertilizer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The United States biofertilizer market size reached US$ 586 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,240 Million by 2028, exhibiting a growth rate (CAGR) of 13.3% during 2023-2028.

Biofertilizers refer to natural substances that consist of living microbes. These substances are obtained from biological waste. They aid in decomposing organic matter and mineralizing the soil by breaking down minerals that are complex and encouraging easy absorption by plants. Biofertilizers facilitate the growth of seeds and plants by supplying nitrogen (N), phosphorus (P), and other nutrients. They are applied to natural cultivation processes to promote soil development. In addition to this, biofertilizers offer direct nutrition to plants, improve overall soil fertility, prevent crop diseases, support sustainable agriculture, etc.

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United States Biofertilizer Market Trends and Drivers:

The growing consumer awareness towards several adverse environmental effects caused by synthetic fertilizers, such as soil pollution and contamination, is primarily augmenting the United States biofertilizer market. Furthermore, the rising utilization of these chemicals has also increased the nitrogen levels of underground water, which is propelling the demand for organic farming across the country. Apart from this, the launch of favorable pest management programs by government bodies is acting as another significant growth-inducing factor. Moreover, the inflating disposable income levels of individuals and continuous advancements in the agriculture industry are bolstering the market growth. Besides this, the inflating need for organic fruits and vegetables, on account of the increasing consumer health concerns, is further catalyzing the market growth. Additionally, the expanding arable land, the easy availability of these substances, and the widespread adoption of sustainable farming practices and organic agrochemicals by farmers to improve overall yield are expected to fuel the United States biofertilizer market in the coming years..

United States Biofertilizer Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

The report has segmented the market based on type, crop, microorganism and mode of application.

Breakup by Type:
Nitrogen-Fixing Biofertilizers
Phosphate-Fixing Biofertilizers
Others

Breakup by Crop:
Cereals and Grains
Pulses and Oilseeds
Fruits and Vegetables
Others

Breakup by Microorganism:
Cyanobacter
Rhizobium
Phosphate Solubilizing Bacteria
Azotobacter
Others

Breakup by Mode of Application:
Seed Treatment
Soil Treatment
Others

Breakup by Region:
Northeast
Midwest
South
West

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Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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