Biological Organic Fertilizers Market

Global Biological Organic Fertilizers Market Size (2024 to 2032)

The global biological organic fertilizer market was valued at USD 8.2 billion in 2023 and is anticipated to reach USD 9.29 billion by 2024 from USD 25.23 billion in 2032, growing at a CAGR of 13.3% from 2024 to 2032.

The natural processes of fixing atmospheric nitrogen, solubilizing phosphorus, and boosting the development of plants by synthesizing growth-promoting chemicals add nutrients to organic fertilizers. Due to the presence of significant international and local markets, the market share of organic bio-fertilizers is fragmented. Collaborations with government agencies, market size expansion, and product innovation are some of the strategies companies adopt. The application of biological organic fertilizers helps to improve the yield and quality of the soil. Therefore, the application of biological organic fertilizers should improve the bioavailability of all types of nutrients. Biological organic fertilizers are derived from many minerals and residues of animal and plant origin they also develop from beneficial microorganisms. Biofertilizers or microbial inoculants are live bacterial or fungal formulations ready-to-use, based on carrier products, which help mobilize different nutrients by their biological activity when applied to plants, soils, or compost pits.

One of the biggest growth factors in the global biological organic fertilizer market is increasing the practice of organic farming. The soil structure improves, and the capacity of soil to maintain water and nutrients rises, leading to improved yield as a result of the organic matter present in biological organic fertilizers. With many governments encouraging farmers to use sustainable farming methods to avoid damaging nature and water sources, this is increasing the growth of the global biological organic fertilizer market. The many benefits of using biological organic fertilizers include increased nutrient efficiency and soil organic matter content, feeding the soil with organic matter, which reduces dependence on chemical inputs, and restoring and maintaining soil fertility to promote plant growth. All these factors are driving the growth of the global biological organic fertilizer market.

Market Drivers

The biological organic fertilizer market is rapidly growing due to the rapid increase of organic farming activities. The growing demand for quality and higher agricultural yields is driving the growth of this market. The increase in demand for organic products is mainly due to the increase in global production and consumption. Increased consumer awareness of the health benefits of organic products is expected to drive sales in the global biological organic fertilizer market. The focus on sustainable agriculture and government support for manufacturers are two other factors driving the market. The growing awareness of the benefits of using organic biofertilizers and the cost-effectiveness of these fertilizers is helping the market growth in developing countries such as India, China, Brazil, and Mexico.

Market Restraints

The challenges faced by the global biological organic fertilizer market are the low levels of nutrients in Biological organic fertilizers which require the fertilizers to be used in large quantities. Moreover, the lack of awareness among farmers of the benefits of using biological organic fertilizers is hampering the growth of the market. In addition, these fertilizers work slowly compared to chemical fertilizers which are much more efficient.

Impact of COVID-19 on the Biological Organic Fertilizers Market

The COVID-19 pandemic has affected the global market for biological organic fertilizers, causing poor market growth. Export and trade restrictions due to the pandemic hindered the growth. Effective policies from the government and the implementation of suitable practices can help companies gain profits after the immediate effects of the pandemic. There is good annual growth mainly due to the resumption of their operations and the adaptation of companies to the new normal while recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working, and shutting down of business activities which resulted in operational challenges.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Biological Organic Fertilizer Market By Type

The biological organic fertilizers market is divided into microorganisms and organic residues, organic residue-based fertilizers, and microorganisms (biofertilizers), depending on the source of nutrients and raw materials. Microorganism-based biological organic fertilizers account for more than 50% of the market share.

Global Biological Organic Fertilizer Market Depending on Crop Type

The biological Organic Fertilizers market is divided into pulses and oilseeds, grains and cereals, fruits and vegetables, turf and ornamentals, and commercial crops. The cereals & grains segment accounts for the largest share of the global market. Cereals are one of the world's leading staple crops, with rice first in 2014 in terms of output volume among cereal crops. Biological organic fertilizers help cereal crops to absorb nutrients more efficiently.

Global Biological Organic Fertilizer Market By Form

The biological Organic Fertilizers market is segmented into dry and liquid. The dry segment accounts for the largest share of the global market. Dry biological organic fertilizers can consist of a single material, or they can be a blend of different ingredients. These fertilizers are cost-effective and, hence, are widely used.

REGIONAL ANALYSIS

Europe and Asia-Pacific are the largest markets, followed by North America. Asian Pacific bio-based fertilizer consumption is predicted to expand with increasing farmers' awareness of the benefits of bio-based fertilizers and organic wastes. In the Middle East and Africa, Iranian researchers from the Organization for Agricultural Research, Education and Extension (AREEO) have developed a new biofertilizer from sulfur extracted from oil and gas refining. In the Latin American region, advancements in communication technologies have made people aware of the dynamics of growth and well-being, which has driven the market growth in the region.

Leading Company

The Scotts Miracle-Gro Company is one of the leading companies with a wide product portfolio with a few variants of biological organic fertilizers, catering to the requirements of all end users in this market.

KEY MARKET PLAYERS

Major players in the global biofertilizer market include National Fertilizers Limited, Agri Life, Madras Fertilizers Limited, Rizobacter Argentina S.A, Tata Chemicals Limited, The Scotts Miracle-Gro Company, Gujarat State Fertilizers, and Chemicals Ltd (GSFC), Coromandel International Limited, and Krishak Bharati Cooperative Limited.

RECENT DEVELOPMENTS IN THE GLOBAL MARKET

• In 2019, Agrinos signed a distribution partnership with Agrofértil Camelo, one of the main providers of sustainable farming solutions in Brazil.
• In 2020, Rizobacter and Marrone Bio Innovations formed strategic cooperation in South America to adopt novel plant and crop nutrition solutions.
  • In 2015, A subsidiary of Scotts Miracle-Gro acquired General Hydroponics, a company that has grown into a major international supplier of liquid nutrients used to grow food and flowers.

DETAILED SEGMENTATION OF THE GLOBAL BIOLOGICAL ORGANIC FERTILIZERS MARKET INCLUDED IN THIS REPORT

This research report on the global biological organic fertilizers market is segmented and sub-segmented based on type, crop type, form and region.

By Type

• Microorganism
• Organic residues

By Crop Type

• Pulses
• Oilseeds
• Cereals and Grains
• Fruits and vegetables
• Turf And Ornamental
• Commercial Crops

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa