The global biofertilizers market continues to gain remarkable momentum as sustainable farming practices and organic food consumption rise worldwide. Valued at USD 3.1 billion in 2023, the market is projected to reach USD 5.2 billion by 2028, growing at a CAGR of 10.9%. In 2022, the market size stood at USD 2.8 billion, highlighting the sector’s steady year-on-year expansion.

A major influence on this growth is the rapid adoption of modern agricultural techniques, including precision farming, protected cultivation, hydroponics, and aquaponics. As urban consumers increasingly demand packaged organic and sustainably sourced food, manufacturers and farmers alike are shifting toward bio-based crop nutrition solutions.

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Phosphate-Solubilizing & Mobilizing Biofertilizers: The Fastest-Growing Product Segment

Among the various types of biofertilizers, phosphate-solubilizing and mobilizing varieties are projected to grow at the fastest rate through 2028.

Phosphorus plays a vital role in crop productivity. It enhances:

• Root development
• Flower and seed formation
• Plant resistance to pests and diseases
• Overall crop yield and quality

These biofertilizers are particularly effective in crops like rice, sugarcane, fruits, and vegetables. With increasing adoption of farming technologies such as hydroponics, aquaponics, and protected cultivation, demand for phosphate-solubilizing biofertilizers is surging. Their ability to make phosphorus more available to crops positions them as a key contributor in boosting agricultural output sustainably.

Pulses & Oilseeds: A Rapidly Expanding Application Segment

The pulses and oilseeds segment is emerging as the fastest-growing application area for biofertilizers.

This surge is attributed to:

• Rising global demand and the trade importance of pulses
• Significant export contributions from pulse-producing nations
• High nutrient requirements of crops such as chickpeas and pigeon peas

Biofertilizers like Rhizobium and Azotobacter are widely recommended for these crops, as they enhance nitrogen availability and support better plant growth. Increasing awareness of the economic and ecological benefits of using biofertilizers in pulse and oilseed cultivation is further accelerating market growth.

Seed Treatment: The Leading Mode of Application

Seed treatment has become the fastest-growing application mode in the biofertilizers market.

Why is it gaining traction?

• It ensures optimum encapsulation of beneficial microbes.
• It simplifies nitrogen fixation—especially for legume crops.
• It requires less labor compared to soil treatments.
• Enhances yields by 20–30%, boosting farmers’ profitability.

Additionally, seed treatment improves plant stress tolerance, nutrient absorption, and overall crop quality. These benefits make it an increasingly preferred method for integrating biofertilizers into modern farming practices.

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Europe: The Fastest-Growing Regional Market

Europe is projected to be the fastest-growing region in the global biofertilizers market over the forecast period.

Key growth drivers include:

• Rapid adoption of advanced agricultural technologies
• Strong focus on sustainable farming across the EU
• Expanding agricultural production and exports
• High fertilizer consumption rates
• Growing consumer demand for organic and eco-friendly foods

With supportive government regulations and rising environmental awareness, Europe continues to hold a strong position as a leader in the shift toward biological inputs.

Key Players Leading the Biofertilizers Industry

The global biofertilizer landscape is characterized by innovation, mergers, and strategic collaborations by major companies. Prominent players include:

• Novozymes (Denmark)
• UPL (India)
• Chr. Hansen Holding A/S (Denmark)
• Syngenta (Switzerland)
• IPL Biologicals Limited (India)
• T. Stanes and Company Limited (India)
• Lallemand Inc. (Canada)
• Rizobacter Argentina S.A. (Argentina)
• Vegalab SA (Switzerland)
• Kiwa Bio-tech Product Group Corporation (China)

These companies are at the forefront of R&D in microbial solutions, helping shape the future of sustainable agriculture.