REPORT OBJECTIVES
The report “biofertilizers: Global Market Intelligence (2023-2030)” provides market intelligence on the different market segments, based on type, micro-organisms, application, crop, and geography. Market size and forecast (2023-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.
RESEARCH METHODOLOGY
In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents – selected experts from manufacturers and selected suppliers – have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.
KEY AUDIENCE
Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.
DATA SOURCES
The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT
- The Biofertilizers market is projected to reach $2,774.3 Million by 2030 growing at a CAGR of 11.35%. Phosphate Solubilizing segment is anticipated to reach $549.8 Million by 2030 with the highest CAGR of 12.79%. - USA, Brazil, France, China, and Middle East are the leading countries in Biofertilizers market.
The global biofertilizers market is expected to grow in the coming years, driven by several factors. One of the major drivers of the market is the increasing demand for organic food products. Biofertilizers are considered to be an environmentally sustainable alternative to traditional chemical fertilizers, as they do not leave harmful residues in the soil and are more effective in improving soil health and crop yield. The growing demand for organic food products is therefore leading to an increased demand for biofertilizers. Another driver of the market is the increasing awareness of environmental issues and the need for sustainable agricultural practices. The use of chemical fertilizers has been linked to soil degradation and water pollution, leading to a growing demand for eco-friendly alternatives such as biofertilizers. Governments around the world are implementing regulations and policies to promote the use of biofertilizers and reduce the use of chemical fertilizers, which is expected to further drive market growth. The market is also being driven by the increasing adoption of biofertilizers in developing countries, where traditional farming practices have relied heavily on chemical fertilizers. As awareness of the benefits of biofertilizers spreads and as technology becomes more widely available, more farmers in these countries are adopting biofertilizers as a sustainable and cost-effective alternative to traditional fertilizers.
- Agrigro BV, The Netherlands, AgriGro Inc, USA, Biofosfatos, Brazil, Biomax, India, BioProtan AG, Liechtenstein are leading manufacturers of Biofertilizers.