The Bio-Fertilizers Market is to Touch $5.7 Billion by 2030; Increasing Environmental Concerns Drive Eco-Friendly Farming Practices and Soil Health Awareness Boosts Bio-Fertilizer Demand propel market growth.

The Bio-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, “Bio-Fertilizers Market – By Type (Nitrogen Fixing, Phosphate Stabilizers, Potassium Mobilizing, Sulphur Solubilizing and Others), By Microorganism (Rhizobium, Azotobacte, Azospirillium, Phosphate Solubilising bacteria, Potash Mobilizing Bacteria, Trichoderma, Microhizae, Frateuria Aurentia, Azolla and Others), By Crop (Cereals & Grains [Sorghum, Wheat, Maize, Rice, Rye and Others], Pulses & Oilseeds [Cowpeas, Soybean, Groundnuts, Mustered and Others], Fruits & Vegetables [Grapes, Banana, Onion, Brinjal and 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”

Regulatory support for organic farming spurs bio-fertilizer market growth and Expansion of arable land promotes bio-fertilizer adoption are fueling the growth of the Bio-Fertilizers industry during the forecast period.

North America accounted for the largest share of 32% of the Bio-Fertilizers Market in 2023. Increasing consumer demand for organic food, encouraging a shift towards sustainable agricultural practices drive the Bio-Fertilizers market in North America. In 2022, the USDA launched the $300 million Organic Transition Initiative (OTI), offering comprehensive support to farmers transitioning to organic practices. OTI provides mentoring, conservation financial assistance, and targeted grants to develop organic markets. Government initiatives like OTI and environmental regulations aimed at reducing chemical fertilizer use are driving the adoption of bio-fertilizers in North America. The region's focus on soil health and sustainable agriculture, along with advancements in bio-fertilizer technology, further promotes their use among farmers..

The rising demand for organic food is a key driver of bio-fertilizer adoption in agriculture. According to the USDA, consumer demand for organic products exceeded $67 billion in 2022, with ongoing growth trends incentivizing U.S. farmers across diverse products. As consumers increasingly prefer chemical-free, sustainably grown produce, farmers are adopting bio-fertilizers to meet these demands. Offering a natural alternative to synthetic fertilizers, bio-fertilizers enhance soil health, boost crop yields, and support organic farming practices, driving further adoption and supporting environmental sustainability in the market.

The growth in sustainable agriculture practices is a key driver enhancing the bio-fertilizers market. As farmers increasingly adopt eco-friendly methods, the demand for natural and organic inputs like bio-fertilizers is rising. Bio-fertilizers offer a viable alternative to chemical fertilizers by enriching the soil with essential nutrients through natural processes, thereby supporting healthier crop growth without harming the environment. The global push towards reducing carbon footprints and preserving biodiversity has led to increased government support and incentives for sustainable farming, further boosting the adoption of bio-fertilizers. This shift towards sustainability is creating significant opportunities for growth in the bio-fertilizers market. 

• In May 2024, Fresh Del Monte Produce Inc. and Vellsam Materias Bioactivas have partnered to repurpose pineapple residues into biofertilizers, launching a biofertilizer plant in Kenya under the De l'Ora Bio initiative. This facility will utilize pineapple cannery residues to produce biofertilizers for use in Kenya and East Africa.

• In August 2023, Bionema Group Ltd. has launched a new range of biofertilizers in the UK, featuring innovative Incapsulex technology that enhances soil health and reduces synthetic fertilizer use. These products mark a significant step in advancing sustainable agriculture and promoting eco-friendly farming practices. 

Key companies profiled in the Bio-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