Biofertilizers Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Nitrogen Biofertilizers, Phosphorous Biofertilizers, Others), By Crop Type (Food And Vegetables, Oilseed, Cereals, Others), By Application (Seed Treatment, Root Dipping, Soil Application), And By Geography - Forecasts From 2019 To 2024

Published:  May 2021 Report Code: KSI061610574 Pages: 114

The BioFertilizers market is projected to grow at a CAGR of 10.95% to reach US$3.422 billion in 2024 from US$1.834 billion in 2018. Biofertilizers are components that accelerate the microbial action of soil or seeds for the rapid growth of plants and crops. These are highly used in the agriculture industry. The need for quality food is the key factor responsible for market growth. The increasing global population, need for quality food and huge investments in research are some of the factors driving the market growth.

Market Dynamics

This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities that exist in the current market. This section of the report also provides supplier and industry outlook; key industry and regional regulations which are determining the product specifications and a brief technological aspect of Biofertilizers. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Biofertilizers Market Scope:

Report Metric Details
 Market size value in 2018  US$1.834 billion
 Market size value in 2024  US$3.422 billion
 Growth Rate  CAGR of 10.95% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Crop Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  GSFC, Madras Fertilizers Limited, Novozymes, Camson, Rashtriya Chemicals &   Fertilizers Limited, Lallemand Inc., T. Stanes & Company Limited
 Customization scope  Free report customization with purchase


The segmentation for the Biofertilizers market has been done as follows:

By type:

Nitrogen Biofertilizers

Phosphorous Biofertilizers



By crop type:

Food and Vegetables





By application:

Seed treatment

Root dipping

Soil application


By geography:


North America

South America

Europe Middle East and Africa



Asia Pacific

Frequently Asked Questions (FAQs)

Q1. What will be the BioFertilizers market size by 2024?
A1. The BioFertilizers market is projected to reach a total market size of US$3.422 billion in 2024.
Q2. What are the growth prospects for BioFertilizers market?
A2. The global BioFertilizers market is projected to grow at a CAGR of 10.95% over the forecast period.
Q3. What is the size of global BioFertilizers market?
A3. BioFertilizers market was valued at US$1.834 billion in 2018.
Q4. What factors are anticipated to drive the BioFertilizers market growth?
A4. The increasing global population, need for quality food and huge investments in research are some of the factors driving the BioFertilizers market growth.
Q5. How is the global BioFertilizers market segmented?
A5. The global BioFertilizers market has been segmented by type, crop type, application, and geography.
1. Introduction
2. Research Methodology
3. Executive Summary 
4. Market Dynamics
4.1. Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s 5 Forces Analysis
4.8. Industry Value Chain Analysis
5. Biofertilizers Market Forecast by Type (US$ billion)
5.1. Nitrogen Biofertilizers
5.2. Phosphorous Biofertilizers
5.3. Others
6. Biofertilizers Market Forecast by Crop Type (US$ billion)
6.1. Food and Vegetables
6.2. Oilseed
6.3. Cereals
6.4. Others
7. Biofertilizers Market Forecast by Microorganism (US$ billion)
7.1. Azospirllium
7.2. Azotobacter
7.3. Acetobacter
7.4. Others
8. Biofertilizers Market Forecast by Application (US$ billion)
8.1. Seed treatment
8.2. Root dipping
8.3. Soil application
9. Biofertilizers Market Forecast by Geography (US$ billion)
9.1. Americas
9.1.1. North America
9.1.2. South America
9.2. Europe Middle East and Africa
9.2.1. Europe
9.2.2. MEA
9.3. Asia Pacific
10. Competitive Intelligence
10.1. Investment Analysis
10.2. Recent Deals
10.3. Strategies of Key Players
11. Company Profiles
11.1. GSFC
11.2. Madras Fertilizers Limited
11.3. Novozymes 
11.4. Camson 
11.5. Rashtriya Chemicals & Fertilizers Limited
11.6. Lallemand Inc.
11.7. T. Stanes & Company Limited
Madras Fertilizers Limited
Rashtriya Chemicals & Fertilizers Limited
Lallemand Inc.
T. Stanes & Company Limited


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