Market Overview:
The U.S. biofertilizers market is experiencing significant growthdue to increasing awareness of sustainable agriculture and environmental
concerns. Valued at approximately USD419.18 million in 2022, The market is projected to grow from USD 469.49 million
in 2023 to USD 1,023.73 million by 2030, exhibiting a CAGR of 11.78% during the
2023-2030 period. Key drivers include the rising demand for organic food,stringent regulations on chemical fertilizers, and advancements in microbial
technologies. Major products include nitrogen-fixing, phosphate-solubilizing,
and potassium-mobilizing biofertilizers, catering primarily to cereals, pulses,
fruits, and vegetables. Leading companies are Novozymes, BASF, and Rizobacter,
focusing on innovation and strategic partnerships to strengthen their market
presence.
Segmentation:
The U.S.biofertilizers market is segmented by type, crop type, and application. By
type, it includes nitrogen-fixing, phosphate-solubilizing,
potassium-mobilizing, and others. Crop type segmentation covers cereals &
grains, pulses & oilseeds, fruits & vegetables, and others.
Application-wise, the market is divided into soil treatment, seed treatment, and
others. Nitrogen-fixing biofertilizers dominate due to their efficiency in
enhancing soil fertility. Fruits and vegetables are the leading crop segments,
driven by the rising demand for organic produce. Seed treatment applications
are gaining traction for their effectiveness in improving germination rates and
crop yield.
LIST OFKEY COMPANIES PROFILED:
- Lallemand Inc. (Canada)
- Kiwa Bio-Tech Products Group Corporation (U.S.)
- BioWorks, Inc.(U.S.)
- Novozymes A/S (Denmark)
- Rizobacter S.A. (Argentina)
- SYMBORG CORPORATE, SL. (Spain)
- Suståne Natural Fertilizer, Inc. (U.S.)
- The Espoma Company (U.S.)
- AgroLiquid (U.S.)
- Chr. Hansen Holding A/S (Denmark)
Market Growth
The U.S.biofertilizers market is experiencing robust growth driven by increasing demand
for sustainable agricultural practices and organic food. The market is
projected to expand at a compound annual growth rate (CAGR) of around 11.78%
from 2023 to 2030. Key factors fueling this growth include rising awareness of
the environmental impact of chemical fertilizers, government support for
eco-friendly farming, and advancements in microbial technologies. The adoption
of biofertilizers is particularly strong in high-value crop segments like
fruits and vegetables, and in regions with a strong emphasis on organic
farming, such as California. Innovations and strategic partnerships among key
players further propel market expansion.
Geographically, thedetailed analysis of consumption, revenue, market share, and growth rate of the
following regions:
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Colombia)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Market CompetitiveAnalysis:
The U.S. biofertilizers market is highly competitive, with keyplayers focusing on innovation, strategic partnerships, and mergers to enhance
their market position. Major companies such as Novozymes, BASF, Rizobacter, and
Symborg dominate the market. Novozymes leads in microbial-based solutions,
while BASF leverages its extensive agrochemical portfolio. Rizobacter
specializes in seed inoculants, and Symborg focuses on advanced microbial
technologies. These companies invest heavily in research and development to introduce
effective and sustainable products. Competition is also driven by the need to
comply with stringent environmental regulations and the rising demand for
organic and eco-friendly agricultural inputs.
Key IndustryDevelopment:
- August 2022: Pivot Bio, a U.S.-based company, launched PROVEN 40 On-Seed (OS) and RETURN On-Seed for corn,
sorghum, and spring wheat that delivers nitrogen-producing microbes on the
seed and integrate nitrogen during the planting season.
