Market Overview:
The Biological Organic Fertilizers Market size is estimated to reach $5.7 billion by 2030, growing at a CAGR of 10.8% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Biological Organic Fertilizers Market Size, Share & Trends Analysis Report- By Type (Nitrogen Fixing, Phosphate Stabilizers, Potassium Mobilizing, Sulphur Solubilizing, and Others), By Microorganism (Rhizobium, Azotobacte, Azospirillium, Phosphate Solubilizing bacteria, Potash Mobilizing Bacteria, Trichoderma, Microhizae, Frateuria Aurentia, Azolla, and Others), By Crop (Cereals & Grains [Sorghum, Wheat, Maize, Rice, Rye, Others], Pulses & Oilseeds [Cowpeas, Soybean, Groundnuts, Mustered, Others], Fruits & Vegetables [Grapes, Banana, Onion, Brinjal, Others], Fiber Crops, Forage Crops, and Others), By Application (Soil Treatment, Seed Treatment, Plant Growth, Seedling Root Dip, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Increasing adoption of organic farming and growing crop production are fueling the growth of the Biological Organic Fertilizers industry during the forecast period.
North America Dominated the Market in 2023:
North America is the largest market for biological and organic fertilizers, accounting for a dominant market share of 32% in 2023. This can be attributed to the increasing health consciousness among consumers in the United States, Mexico, and Canada, driving the demand for organic food crops. Additionally, a favorable regulatory environment, particularly in North America and Europe, is expected to be a key factor in driving demand growth over the next few years. Europe follows closely as the second-largest market.
Biological Organic Fertilizers Market: Key Takeaways
Increasing Adoption of Organic Farming is Driving the Market Growth:
Biofertilizers are natural, microbial inoculants that enhance soil fertility and nutrient availability for plants in organic farming. They restore the soil's natural cycle, increase organic matter, and promote growth through nitrogen fixation, phosphate solubilization, and hormone production. The Indian government's 2022 budget supports chemical-free natural farming along the Ganga, highlighting the importance of biofertilizers in sustainable agriculture.
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Market Growth Driven by Growing Crop Production:
As global agricultural output aims to meet the needs of a growing population, farmers are increasingly adopting biofertilizers to enhance crop productivity. These natural fertilizers improve soil health, nutrient availability, and overall crop performance. With the world population projected to reach 9 billion by 2050, according to the Food and Agricultural Organization, increasing crop yields is essential to satisfy food demand. In January 2023, Odisha University of Agriculture and Technology began producing biofertilizers at low costs for local farmers. The university received ₹1.5 crores from the central government's Rashtriya Kisan Vikas Yojana to develop biofertilizer production facilities.
Scope of the Report:
Recent Developments:
- In October 2022, ACI Biolife Fertilizer entered into a Memorandum of Understanding (MoU) with the Bangladesh Institute of Nuclear Agriculture (BINA) to collaborate on the development and testing of biological organic fertilizers, specifically focusing on Trichoderma. As part of this initiative, ACI Fertilizer is establishing a Biofertilizer Lab in Jhikorgacha, Jessore, with support from BINA. This lab aims to adhere to international standards for quality testing and product development.
Biological Organic Fertilizers Market: Competitive Landscape
Key companies profiled in the Biological Organic Fertilizers Market are Novozymes A/S, AgriLife, Mapleton Agri Biotec Pty Ltd, UPL Ltd, Antibiotice S.A., Symborg S.L., Syngenta, Lallemand, Microbax Ltd, Vegalab SA, and others.
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