Biofertilizers Market to Reach USD 6,624.54 million by 2032 | CAGR 12.7% | Asia-Pacific Leads with 40% Share | Key Players: Novozymes, UPL, Chr. Hansen, Lallemand, IPL Biologicals

Biofertilizers Market Size

The Global Biofertilizers Market reached USD 2,545.45 million in 2024 and is projected to reach USD 6,624.54 million by 2032, growing at a CAGR of 12.7% during the forecast period 2025-2032. The market is witnessing robust growth as farmers increasingly adopt biofertilizers across diverse crop types to enhance soil fertility and crop productivity. Biofertilizers contain living microorganisms such as bacteria, fungi, and algae that improve nutrient availability and uptake by plants, fostering natural biological processes that support sustainable agriculture. This shift toward eco-friendly solutions is driven by growing awareness of soil health, environmental sustainability, and the need to reduce chemical fertilizer dependency.

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Recent Developments:

✅ December 2025: A leading agrobiological company launched an advanced multi-strain biofertilizer blend designed to improve nitrogen fixation and phosphate solubilization, optimized for high-yield cereal crops.

✅ September 2025: A major global agrichemical firm announced a strategic collaboration with a biotechnology startup to develop next-generation biofertilizers incorporating beneficial microbes and precision delivery technologies.

✅ July 2025: Novozymes expanded its biofertilizer portfolio with a new suite of microbial formulations aimed at improving soil microbiome health and enhancing resilience against abiotic stress conditions.

✅ May 2025: A prominent biofertilizer manufacturer received regulatory approval for a novel rhizobium-based product in Southeast Asia, broadening its market reach and supporting sustainable legume cultivation.

✅ March 2025: A global seed company integrated biofertilizer coatings into its premium seed lines to boost early-stage nutrient uptake and support more uniform crop establishment.

✅ November 2024: A European consortium launched a farmer education initiative promoting biofertilizer adoption through field demonstrations, digital training tools, and soil health assessments.

Mergers & Acquisitions:

✅ November 2025: A leading global seed and crop protection company completed the acquisition of a biofertilizer biotech firm, enhancing its portfolio with advanced microbial nutrient solutions for major row crops.

✅ August 2025: An agrochemical giant acquired a regional biofertilizer producer in Southeast Asia to expand its presence in emerging markets and strengthen distribution networks for bio-based crop inputs.

✅ June 2025: A well-established agricultural biotech company merged with a soil microbiome specialist, integrating proprietary microbial strains to develop next-generation biofertilizer products.

✅ April 2025: A global crop enhancement solutions provider acquired a biofertilizer research and development startup, accelerating innovation in nitrogen-fixing and phosphorus-solubilizing microbial products.

✅ December 2024: A chemical manufacturing conglomerate took a majority stake in a biofertilizer manufacturer to diversify its portfolio into sustainable agriculture and capitalize on growing demand for eco-friendly inputs.

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Key Players:
Novozymes | UPL | Chr. Hansen Holding A/S | Lallemand Inc. | IPL Biologicals | Katyani Organics | Peptech Biosciences Ltd.

Key Highlights:

• Novozymes - Holds a 20% share, driven by its extensive portfolio of microbial biofertilizers and enzyme-based crop solutions across global markets.

• UPL - Holds a 15% share, supported by its strong distribution network and integrated biofertilizer offerings for large-scale agriculture.

• Chr. Hansen Holding A/S - Holds a 12% share, leveraging advanced microbial formulations and R&D capabilities for nitrogen-fixing and phosphate-solubilizing biofertilizers.

• Lallemand Inc. - Holds a 10% share, fueled by its innovative soil microbiome solutions and focus on sustainable crop productivity.

• IPL Biologicals - Holds a 9% share, specializing in high-quality rhizobium and other microbial-based biofertilizers for legume and cereal crops.

• Katyani Organics - Holds a 7% share, benefiting from its regional presence and customized biofertilizer solutions for smallholder and commercial farmers.

• Peptech Biosciences Ltd. - Holds a 5% share, offering niche biofertilizer products and biostimulants to enhance soil fertility and crop yield.

• Others - Account for 22%, comprising smaller regional players and emerging startups contributing to product diversification and innovation.

Market Segmentation:

➥ By Microorganisms, Rhizobium dominates with a 25% share, widely used in legume crops for nitrogen fixation. Azotobacter holds 15%, supporting nitrogen enrichment in various soil types, while Azospirillum accounts for 12%, enhancing growth in cereals and grasses. Cyanobacteria contribute 10%, primarily in rice paddies for organic nitrogen supplementation. Mycorrhiza has 10%, improving nutrient and water uptake in horticulture and plantation crops. Phosphate Solubilizing Bacteria (PSB) hold 18%, mobilizing phosphorus for better plant nutrition, and Others account for 10%.

➥ By Type, Nitrogen-Fixing biofertilizers lead with 35%, followed by Phosphate Solubilizing at 25%, and Potash-Mobilizing at 15%. Others contribute 25%, including mixed microbial consortia and specialty formulations.

➥ By Form, Liquid biofertilizers hold 40%, preferred for ease of application and faster microbial activity. Granules account for 25%, Powder has 20%, and Others contribute 15%, including capsule and biofilm forms.

➥ By Distribution Channel, Specialty Stores dominate with 35%, providing tailored agricultural inputs and technical support. E-Commerce accounts for 25%, driven by increasing online adoption among farmers. Hypermarkets/Supermarkets contribute 20%, and Others hold 20%, including direct sales and cooperatives.

➥ By Crop Type, Cereals & Grains lead with 30%, benefiting from large-scale cultivation and high fertilizer demand. Fruits & Vegetables account for 25%, Oilseeds & Pulses hold 20%, and Others contribute 25%, covering plantations, flowers, and horticulture crops.

➥ By Application, Soil Treatment dominates with 55%, leveraging microbial inoculants for enhanced soil fertility and crop yield. Seed Treatment accounts for 45%, improving germination rates, early vigor, and resistance to soil-borne pathogens.

Regional Insights:

Asia-Pacific dominates the biofertilizers market with a 40% share (USD 1.02 billion in 2024), driven by extensive agricultural activity, government incentives for sustainable farming, and high adoption of bio-based crop inputs in countries like India, China, and Japan. Rising awareness about soil health and eco-friendly practices is further accelerating demand.

North America holds a 25% share (USD 0.64 billion in 2024), supported by advanced farming practices, strong regulatory frameworks promoting sustainable agriculture, and increasing R&D investments in microbial and bio-based fertilizers. The U.S. and Canada are key contributors to market growth in the region.

Europe accounts for a 20% share (USD 0.51 billion in 2024), fueled by stringent environmental regulations, government subsidies, and a strong focus on organic farming. Countries such as Germany, France, and the Netherlands are leading in biofertilizer adoption.

Latin America, Middle East & Africa (LAMEA) contribute 15% (USD 0.38 billion in 2024), with growth driven by initiatives to enhance crop productivity sustainably, coupled with increasing awareness of soil fertility management in countries like Brazil, Mexico, South Africa, and Egypt.

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Market Dynamics:

Driver: Increase in Demand for Chemical-Free Fertilizers
The global demand for chemical-free and sustainable fertilizers is rising steadily. For example, in India, the production of carrier-based solid biofertilizers reached approximately 134,323 tonnes in 2020-21, with Tamil Nadu contributing 48% of total production. Farmers are increasingly adopting biofertilizers as they enhance soil health by promoting beneficial microbial activity, improving soil structure, and increasing water retention, while reducing dependency on synthetic chemicals. This growing awareness of eco-friendly agricultural practices is fueling the expansion of the biofertilizers market.

Driver: Growing Organic Farming Practices
The rise in organic farming is further accelerating the demand for biofertilizers. In India, the total area under organic certification reached 9,119,865.91 hectares in 2021-22, with a production of approximately 3,430,735.65 MT of certified organic products. Biofertilizers play a critical role in organic agriculture by enhancing nutrient availability, promoting microbial diversity, and improving crop productivity. As organic farming continues to expand globally, the adoption of biofertilizers is expected to rise correspondingly, supporting sustainable and high-yield agricultural practices.

Restraint: High Production Costs
Despite their benefits, biofertilizers face challenges due to high production costs. Manufacturing effective and specialized biofertilizers requires advanced equipment, precise microbial cultivation, and strict quality control measures. Additionally, biofertilizers have a relatively shorter shelf life compared to chemical fertilizers, necessitating controlled storage conditions and careful handling, which further increases costs. These factors can limit large-scale production and affect market affordability, posing a restraint on the growth of the global biofertilizers market.

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