Market Overview:
The United States biofertilizer market size reached US$ 663.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,836.7 Million by 2032, exhibiting a growth rate (CAGR) of 11.97% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 663.9 Million |
Market Forecast in 2032
|
US$ 1,836.7 Million |
Market Growth Rate 2024-2032 |
11.97% |
Biofertilizers are natural substances that contain living organisms. These microbes boost the nutrient composition of the soil by solubilizing mineral ions and nitrogen fixation processes, while stimulating the plant growth. Biofertilizers also colonize the rhizosphere of the plant, which aids in decomposing organic matter and breaking down complex minerals. As compared to chemical fertilizers, biofertilizers offer direct nutrition to plants, improve overall soil fertility, prevent crop diseases, and support sustainable agriculture.
United States Biofertilizer Market Trends:
The rising awareness regarding adverse environmental effects caused by synthetic fertilizers, such as soil pollution and contamination, is majorly driving the United States biofertilizer market growth. The increasing use of these chemicals has also elevated the nitrogen levels of underground water, which has prompted the United States Department of Agriculture (USDA) to implement various provisions for promoting organic farming. These initiatives, along with the introduction of pest management programs, are positively influencing the market growth. Other than this, the escalating demand for organic fruits and vegetables, due to rising health concerns, is catalyzing the market growth further. In line with this, expansion in the arable land, easy availability of the product, and the advent of new innovations are acting as other growth-inducing factors in the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States biofertilizer market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type, crop, microorganism and mode of application.
Breakup by Type:
- Nitrogen-Fixing Biofertilizers
- Phosphate-Fixing Biofertilizers
- Others
Breakup by Crop:
- Cereals and Grains
- Pulses and Oilseeds
- Fruits and Vegetables
- Others
Breakup by Microorganism:
- Cyanobacter
- Rhizobium
- Phosphate Solubilizing Bacteria
- Azotobacter
- Others
Breakup by Mode of Application:
- Seed Treatment
- Soil Treatment
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Segment Coverage |
Type, Crop, Microorganism, Mode of Application, Region |
Region Covered |
Northeast, Midwest, South, West |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the United States biofertilizer market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States biofertilizer market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the crop?
- What is the breakup of the market based on the microorganism?
- What is the breakup of the market based on the mode of application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States biofertilizer market and who are the key players?
- What is the degree of competition in the industry?