Published 4 days ago • loading... • Updated 3 days ago
Biofertilizers Market to Reach $6.94 Billion by 2031, Growing at 11.2% CAGR
The global biofertilizer market is expected to grow from USD 4.08 billion in 2026 to USD 6.94 billion by 2031, with a CAGR of 11.2% during this period.
The increasing demand for biofertilizers is driven by sustainable nutrition strategies and eco-friendly farming technologies adopted worldwide.
Bacterial biofertilizers hold the largest global market share due to their roles in nutrient mobilization, nitrogen fixation, phosphate solubilization, and enhancing biological activity in soils.
Europe is projected to have the highest CAGR in the biofertilizers market during the forecast period.