Global Biofertilizers Market Demonstrates Strong Growth Trajectory, Propelled by Increasing Food Safety Concerns – By The Business Research Company

- Advertisement -

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

LONDON, Aug. 11, 2023 /PRNewswire/ —  As per the Biofertilizers Global Market Report 2023, the global biofertilizers market has witnessed a remarkable upswing, surging from $1.88 billion in 2022 to $2.14 billion in 2023, marking a substantial compound annual growth rate (CAGR) of 13.9%. This impressive trend is anticipated to continue as the market projects a growth to $3.51 billion by 2027, maintaining a robust CAGR of 13.2%. The surge in demand for biofertilizers is being predominantly driven by mounting concerns for food safety and security, spurring the adoption of innovative agricultural solutions.


Escalating Food Safety Concerns Catalyze Biofertilizers Market Growth

Food safety has emerged as a paramount concern, igniting the expansion of the biofertilizers market. With increasing scrutiny on food integrity, stakeholders across the supply chain are seeking ways to enhance safety measures. To ensure high-yield food production that aligns with stringent safety standards, the utilization of biofertilizers has become pivotal. As an illustration, a global poll conducted in November 2020 revealed a growing worldwide apprehension over food safety and future food supplies. The Tetra Pak Index, in its 13th edition, reported that concerns regarding food safety and future food supply surged by 10%, with 40% of respondents ranking these issues among their top three concerns. Governments and manufacturers were perceived as the primary entities responsible for enhancing food safety.

Learn More On The Global Biofertilizers Market Report – 

Innovation Key Trend In Biofertilizers Market Landscape

Product innovation has emerged as a prominent trend in the biofertilizers market, with key players intensively focusing on developing innovative solutions to fortify crop growth and resilience against stressors. By introducing pioneering biofertilizer products, these industry leaders are diversifying their portfolios, garnering additional revenue, and securing a competitive edge. A case in point is Symborg, a Spanish company renowned for its involvement in advanced agricultural processes. The company launched Qlimax, an innovative soil energizer that enhances microbial flora concentration in the soil, boosting soil and crop health.

Market Leaders Pioneering Progress

Key players driving the biofertilizers market forward include Novozymes A/S, CBF China Bio-Fertilizer AG, SOM Phytopharma (India) Limited (AgriLife), and others. These industry leaders are at the forefront of innovation, contributing to the advancement of sustainable agricultural practices.

Regional Dynamics and Market Segmentation

In 2022, Asia-Pacific led the biofertilizers market, exemplifying robust demand and adoption.

The biofertilizers market is intricately segmented by product (Nitrogen Fixing, Phosphate Solubilizing, Other Products), crop type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Crop Types), form (Liquid, Carrier-based), and application (Seed Treatment, Soil Treatment).

Request A Free Sample Of The Biofertilizers Market Report – 

The global biofertilizers market is on an upward trajectory, fueled by intensifying concerns for food safety and a drive toward innovative agricultural solution. As stakeholders prioritize both safety and productivity, the adoption of biofertilizers becomes a pivotal strategy in ensuring a sustainable and secure global food supply.

View More Similar Market Reports:

Fertilizer Additives Global Market Report 2023

Fertilizer Catalyst Global Market Report 2023

Specialty Fertilizers Global Market Report 2023

Interested to know more about The Business Research Company?

The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

The World’s Most Comprehensive Database

The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users make better strategic decisions.

Contact Information

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: [email protected]

Follow Us On:






Healthcare Blog:

Global Market Model:



Cision View original content:–by-the-business-research-company-301898659.html

Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Agrigate Global takes no editorial responsibility for the same.