United States Biofertilizer Market to Reach US$ 1,836.7 Million by 2032, Propelled by Growing Emphasis on Sustainable Agriculture

July 14, 2023 | Agriculture

According to the latest report by IMARC Group, titled “United States Biofertilizer Market Report by Type (Nitrogen-Fixing Biofertilizers, Phosphate-Fixing Biofertilizers, and Others), Crop (Cereals and Grains, Pulses and Oilseeds, Fruits and Vegetables, and Others), Microorganism (Cyanobacter, Rhizobium, Phosphate Solubilizing Bacteria, Azotobacter, and Others), Mode of Application (Seed Treatment, Soil Treatment, and Others), and Region 2024-2032," the United States biofertilizer market size reached US$ 663.9 Million in 2023. Biofertilizer refers to a substance composed of living microorganisms that are applied to plant surfaces, seeds, or soil, to enrich the nutrient quality of the plant. It includes bacteria, fungi, and cyanobacteria, which provide nutrients such as nitrogen, phosphorous, and potassium. Biofertilizers are typically derived from organic waste materials, such as crop residues, animal manure, and municipal waste. It is widely used in agriculture, horticulture, plantation crops, and floriculture. Biofertilizer offers a multitude of benefits, including enhancing crop yield, improving soil fertility, and restoring the natural nutrient cycle in the soil. As compared to synthetic fertilizers, biofertilizers are safe and cost-effective product that reduce soil and water pollution.

United States Biofertilizer Market Trends:

The United States biofertilizer market is driven by rising awareness and stringent regulations concerning the environmental impact of chemical fertilizers. Along with this, the growing emphasis on sustainable agriculture, coupled with the increasing recognition of biofertilizers' ability to enhance soil fertility and crop yield without degrading the environment, is acting as another growth-inducing factor. Furthermore, the rising demand for organic food as individuals are becoming more health-conscious and aware of the potential adverse effects of pesticide residues on crops is propelling the market growth. Additionally, the recent advancements in biotechnology and the development of novel products that offer superior agronomic benefits are supporting the market growth. Besides this, the increasing investment in research and development (R&D) projects by key market players to accelerate the commercialization of innovative and highly effective biofertilizers is positively influencing the market growth. Moreover, the implementation of supportive policies by the Government of the United States of America to promote sustainable farming practices and educate farmers to increase awareness about the benefits of biofertilizers is favoring the market growth. Other factors, including rising food consumption, significant growth in the agriculture industry, and the growing demand for locally produced biofertilizers, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 1,836.7 Million by 2032, exhibiting a CAGR of 11.97% during 2024-2032.

Market Summary:

  • On the basis of the type, the market has been classified into nitrogen-fixing biofertilizers, phosphate-fixing biofertilizers, and others.
  • Based on the crop, the market has been divided into cereals and grains, pulses and oilseeds, fruits and vegetables, and others.
  • On the basis of the microorganism, the market has been classified into cyanobacter, rhizobium, phosphate solubilizing bacteria, azotobacter, and others.
  • Based on the mode of application, the market has been divided into seed treatment, soil treatment, and others.
  • Region-wise, the market has been categorized into Northeast, Midwest, South, and West.
  • The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Type, Crop, Microorganism, Mode of Application, Region
Region Covered Northeast, Midwest, South, West
Customization Scope 10% Free Customization
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United States Biofertilizer Market to Reach US$ 1,836.7 Million by 2032, Propelled by Growing Emphasis on Sustainable Agriculture
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