The global bio-organic fertilizer market was valued at USD 2.96 billion in 2023 and is anticipated to reach USD 3.25 billion In 2024 from USD 6.81 billion by 2032, growing at a compound annual growth rate of (CAGR) 9.7% from 2024 to 2032.
Bio-organic fertilizer is a substance that consists of living microorganisms, which help in the growth of the plant by increasing the supply of nutrients to it. An increase in the use of bio-fertilizers is expected to reduce the demand for chemical fertilizers and pesticides as they hamper the health of the soil.
Factors such as rising environmental awareness, enhancing soil fertility, and increasing demand for organic food are key driving factors for the market. Factors restraining the growth of the bio-fertilizer market are a lack of awareness and a lower adoption rate by farmers.
The shortage of fertilizers in regions like Latin America and Africa, the formulation of favorable government policies, and countries having an agriculture-dominant economy would provide growth opportunities for this market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
9.7% |
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Segments Covered |
By Type, Application, and Region. |
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Various Analyses Covered |
Global, Regional, and country-level analysis; Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Gujarat State Fertilizers & Chemicals (GSFC), Lallemand, Novozymes, Symborg, Biomax, Agri Life, Ajay Bio-Tech Ltd and Antibiotice S.A and Others. |
Asia Pacific accounted for the largest share of the market followed by North America. Asia Pacific is expected to witness the highest growth in the coming years due to the presence of countries such as India and China, which have large populations, vast landscapes, and booming economies.
Some of the key players dominating the market are Gujarat State Fertilizers & Chemicals (GSFC), Lallemand, Novozymes, Symborg, Biomax, Agri Life, Ajay Bio-Tech Ltd and Antibiotice S.A.
Frequently Asked Questions
The global bio-organic fertilizer market is expected to be valued at USD 2.96 billion In 2023.
The growth of the plant by increasing the supply of nutrients to it. Increase in the use of bio-fertilizers.
Asia Pacific is the largest market share and also the leading region in the bio-organic fertilizer market.
Some of the key players dominating the market are Gujarat State Fertilizers & Chemicals (GSFC), Lallemand, Novozymes, Symborg, Biomax, Agri Life, Ajay Bio-Tech Ltd and Antibiotice S.A.
The shift from traditional to modern farming practices in Asia-Pacific has increased the demand for bio-organic fertilizers as farmers seek sustainable and organic alternatives.
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