The biofertilizer market is projected to grow from USD 4.08 billion in 2026 to USD 6.94 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period. This growth is driven by the increasing demand for sustainable and eco-friendly farming practices.
Market Trends
The market is steadily growing as crop producers and growers shift toward microbial fertilizers to improve soil fertility, nutrient availability, root systems, crop productivity, and quality parameters, thereby reducing reliance on synthetic fertilizers. The use of beneficial bacteria such as Rhizobium, Azotobacter, Azospirillum, Bacillus, and Pseudomonas in agriculture helps improve nutrient availability, crop root growth, and yield.
Phosphate-solubilizing and mobilizing biofertilizers have the largest market share in the biofertilizer market, primarily due to their essential role in increasing phosphorus availability and improving nutrient uptake across various crops. Liquid biofertilizers dominate the global market due to their higher microbial counts, longer shelf life, ease of handling and application, and better crop response compared to carrier-based formulations.
Regional Outlook
Europe is expected to register the highest CAGR in the global biofertilizers market during the forecast period, driven by the extensive adoption of sustainable farming methods and the implementation of stringent environmental protection rules.
Original reporting: KTBS 3 (Shreveport) — read the source article.
