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The Biofertilizers Market was valued at $1.67 billion in 2023. This market is expected to reach $4.03 billion by 2031 from an estimated $1.86 billion in 2024, at a CAGR of 11.7% during the forecast period from 2024 to 2031.
As the global demand for food rises, growers are under immense pressure to boost crop production. However, the extensive use of synthetic fertilizers has led to significant soil degradation and negative impacts on agricultural yields. In response, there is a growing shift towards biofertilizers in organic farming, a trend gaining momentum worldwide. Intensive agricultural practices contribute to soil fatigue and health deterioration, prompting governments across the globe to implement initiatives that encourage organic farming techniques and the use of biofertilizers. These efforts aim to conserve soil health, reduce reliance on chemical inputs, and promote biological and organic alternatives.
Government Initiatives Promoting Biofertilizers
India’s Commitment to Biofertilizers
In India, several governmental bodies, including the Ministry of Agriculture and Farmers’ Welfare, the Department of Biotechnology (DBT), and the Ministry of Science and Technology, are leading efforts to advance the research, development, and commercialization of biofertilizers and biopesticides. The Indian government supports organic farming initiatives by offering substantial subsidies for the establishment of new biofertilizer and biopesticide units. For instance, grants of INR 4.5 million are provided for constructing biocontrol laboratories, while INR 2 million is available for procuring necessary equipment for producing biofertilizers. Additionally, the Central Government organization NITI Aayog promotes the use of biofertilizers and organic fertilizers to enhance sustainability in agriculture.
China’s Action Plan
Recognizing the detrimental effects of chemical fertilizers and pesticides, China has initiated the ‘Zero Growth on Chemical Fertilizer and Pesticide by 2020’ action plan, aiming to reduce reliance on synthetic agrochemicals. Moreover, the country has entered a collaborative effort with the U.S. Environmental Protection Agency (EPA) to address pollution issues. This partnership has resulted in the adaptation of registration procedures that favor the use of biofertilizers, reflecting a significant shift towards sustainable agricultural practices.
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U.S. Support for Organic Agriculture
The U.S. government is a strong proponent of organic agriculture, implementing various national strategies to bolster this sector. The U.S. Department of Agriculture (USDA) has established the National Organic Programme (NOP), facilitating commerce in the organic food processing industry and developing global standards for organic production. The National Institute of Food and Agriculture (NIFA) plays a crucial role in education, extension services, and research in organic farming. Through initiatives such as Organic Transitions and the Organic Agriculture Research and Extension Initiative, NIFA provides financial support to organic producers and addresses critical issues in organic agriculture through integrated research and educational activities.
Italy’s Legislative Efforts
In 2022, the Italian parliament approved the ‘Organic Made in Italy’ label, launching a national strategy aimed at reinforcing the country’s position in international organic markets. This strategy not only seeks to increase domestic consumption of organic products but also implements environmental and public health policies through organic farming. It focuses on enhancing the sustainability of organic land holdings, developing organic production and supply chains, and introducing organic practices in non-productive sectors to mitigate their environmental impact. These initiatives are anticipated to bolster Italy’s organic sector and drive demand for biofertilizers.
The Broader Impact of Government Policies
The adverse effects of chemical fertilizers and pesticides, such as pest resistance, pest resurgence, outbreaks of secondary pests, and chemical residues in food and the environment, have prompted many countries to revise their agricultural policies. By promoting organic farming and minimizing chemical inputs, these governments are laying the groundwork for the growth of the biofertilizers market.
According to a recent publication by Meticulous Research®, the global biofertilizers market is projected to reach $3.2 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.5% from 2022 to 2029. This growth is fueled by increased awareness of sustainable agricultural practices and the support of government initiatives aimed at promoting biofertilizers.
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Biofertilizers Market Research Summary
| Particulars | Details |
| Number of Pages | ~ 222 |
| Format | |
| Forecast Period | 2024–2031 |
| Base Year | 2023 |
| CAGR (Value) | 11.7% |
| Market Size (Value) | $4.03 Billion by 2031 |
| Segments Covered | By Microorganism Type
By Crop Type
By Mode of Application
By Formulation
|
| Countries Covered | North America (U.S., Canada), Europe (France, Spain, Italy, Germany, U.K., and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa |
| Key Companies | Novonesis Group (Denmark), UPL Limited (India), American Vanguard Corporation (U.S.), National Fertilizers Limited (India), IPL Biologicals Limited (India), BioWorks, Inc. (U.S.), Symborg Corporate, SL (Spain), Seipasa S.A. (Spain), Rizobacter S.A. (Argentina), Vegalab SA (Switzerland), Lallemand Inc. (U.S.), AgriLife (India) Private Limited (India), Mapleton Agri Biotec Pt Ltd (Australia), and Koppert B.V.(Netherlands) |
Conclusion
The rising demand for food, coupled with the detrimental effects of synthetic fertilizers, has spurred a significant shift towards organic farming and biofertilizers globally. Governments are recognizing the importance of sustainable agricultural practices and are actively implementing initiatives to promote the use of biofertilizers. As these efforts continue to gain momentum, the biofertilizers market is expected to flourish, offering a promising pathway for healthier soil and more sustainable agricultural practices in the years to come.
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