Global Bio-organic Fertilizer Market Size, Share, Opportunities, And Trends By Type (Microorganism, Organic Residues), By Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Others), By Application (Soil Treatment, Seed Treatment, Others), - Forecasts From 2024 To 2029

Bio-organic fertilizers are a type of organic fertilizers that contain a wide variety of live microorganisms or dormant cells of effective microbial strains that improve the quality and functionality of the soil, further improving the growth, characteristics, and yield of the agricultural produce.

Introduction:

The bioorganic fertilizer market is expected to witness growth during the forecasted period of 2024-2029, due to factors such as an increase in the organic market’s growth and government support.

Market Drivers:

• Growth of the Organic Market: The growth of the organic market contributes to the bio-organic fertilizer market growth, due to the increasing demand for organic products, which increases the demand for organic fertilizers for use in their agriculture. The production of organic products involves the practice of usage of natural and organic methods, which can involve natural cultivation methods and also the use of organic fertilizers, which increases environmental quality and the quality of the agricultural products. As per the Ministry of Agriculture and Farmers Welfare in India, the global organic market has displayed a growth at a CAGR of 8.7% from 2015 to 2020, with an increase in market size from US$84 billion in 2015 to US$129 billion in 2020, which drives the increase in demand for chemical-free produces in the international market. To increase the organic market’s growth, the implementation of organic fertilizers can provide the necessary fuel for the increase in the production of organic produce. Furthermore, the Indian organic food market is expected to witness an increase in growth with a CAGR of 25.25% between 2022 to 2027, with the total exports of organic products increasing from 638,998MT in 2019-20 to 888,179MT in 2020-21. The increase in the organic market will, therefore, provide the necessary boost for the global bioorganic fertilizer market growth.
• Government support: The increase in government support for the increase in production of organic products and the practice of organic farming can help boost the bioorganic fertilizer market. Several government initiatives such as financial support, market guidance, market management, and several others, help boost the use of bio-organic fertilizers and reduce the usage of chemical fertilizers in the market. The government of India has several initiatives and support policies in place for the increase in the usage of bioorganic fertilizers to increase sustainable agricultural practices worldwide. The initiatives include Paramparagat Krishi Vikas Yojana (PKVY), which provides Rs. 50,000 per hectare/3 years, among which Rs. 32,000 (62%) is allotted to the farmers directly to DBT, Mission Organic Value Chain Development for North Eastern Region (MOVCDNER), where farmers are provided with financial assistance of Rs. 25,000/ ha/ 3 years for both on-farm and off-farm organic inputs and seed material, National Mission on Oilseeds and Oil Palm (NMOOP), National Food Security Mission (NFSM), INM & IPM. The increase in the initiatives and support from the government will provide the necessary boost for the global bio-organic fertilizer market during the forecasted period.

Key Players:

• Rizobacter: A company based in Argentina, known for the production of bio-organic fertilizers. They are known to use the Plant Growth Promoting Rhizobacteria (PGPR) during the fertilization process of wheat, corn, and sunflower seeds, improving the performance of phosphorus and helping root development.
• Lallemand, Inc.: A global company that is known for the development, production, and marketing of yeast, bacteria, and speciality ingredients, and also develops and markets strains for bio protection and bio fertilization.

Regional Analysis:

The North American region is expected to witness significant growth in the bio-organic fertilizer market during the forecasted period of 2024-2029. The factors that lead to the market growth in this region are the increasing demand for organic foods and government support for organic farming practices.  The bioorganic market is expected to grow with the government's increased support of organic farming across the region. As per the United States Environmental Protection Agency, Organic production has been a common practice since the 1940s in the United States, which displayed growth ever since due to experimental garden plots to large farms with surplus products being sold under special organic labels. The National Organic Program (NOP) helps in the development and implementation of national standards that govern the marketing of agricultural products as organically produced and also facilitates commerce in fresh and produced foods that are organically produced, assuring consumers that products have met consistent standards. Such government programs help boost the demand for organic products, which increases the use of organic fertilizers, including bioorganic fertilizers. Therefore, the support of the government, coupled with the increase in demand for organic foods, will propel the global bio-organic fertilizer market during the forecast period.

Market Developments:

• August 2023: Bionema announced the launch of their new range of biofertilizers in the United Kingdom that are usable for agriculture, horticulture, sports turf and amenities, and forestry. The biofertilizers consist of living microbes that improve plant nutrition by mobilising or increasing nutrient availability in the soils and substrates. The product range dubbed The BioNFix™ range and Rhizosafe™ include several microorganisms such as   Paenibacillus azotofixans BNL1913, Azospirillum lipoferum BNL714, Bradyrhizobium japonicum BNL1061, and Rhizophagus irregularis BNL2414, which are all encapsulated using their novel Incapsulex™ technology platform.
• July 2022: Chambal Fertilizers and Chemical Limited (CFCL) announced their partnership with the Energy and Resources Institute’s (TERI) SMART Agrisolutions and launched their first biofertilizer products which consists of the Mycorrhiza symbiosis, dubbed UTTAM SUPERRHIZA. This product successfully harnessed the beneficial microbial interactions in the soil and was powered by TERI’s in vitro P.E.G Technology of Performance Enhancing GreenBiologicals, which promotes growth by providing native biological inputs that complement Mycorrhiza performance for synergetic effects and superior field performance.

Segmentation:

• By Type:
  • Microorganism
  • Organic Residues
• By Crop Type:
  • Cereals & grains
  • Pulses & oilseeds
  • Fruits & vegetables
  • Others
• By Application:
  • Soil treatment
  • Seed treatment
  • Others
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others