Biofertilizers Market is expected to grow at a CAGR of 12.74% in the forecast period of 2022 to 2029
Introduction The global agricultural sector is undergoing a transformative shift towards sustainable and eco-friendly practices. Central to this evolution is the increasing adoption of biofertilizers—natural inputs that enhance soil fertility and promote plant growth through the activity of beneficial microorganisms. As concerns over environmental degradation and the adverse effects of chemical fertilizers intensify, biofertilizers have emerged as a viable alternative, aligning with the global push for organic farming and sustainable agriculture. Market Overview The biofertilizers market has witnessed significant growth in recent years. In 2024, the market was valued at approximately USD 2.8 billion and is projected to reach USD 6.7 billion by 2032, registering a compound annual growth rate (CAGR) of 11.5% from 2025 to 2032. This robust growth trajectory is attributed to the rising demand for organic food products, increasing awareness of sustainable farming practices...