North America Biofertilizers Market Share, Revenue, Trends, Demand, Growth Strategy, Challenges, Opportunities and Future Competition Till 2033


North America Biofertilizers Market Share, Revenue, Trends, Demand, Growth Strategy, Challenges, Opportunities and Future Competition Till 2033: SPER Market Research

 Category : Agriculture

 Published: Nov-2023
 Author: SPER Analyst

North America Biofertilizers Market is estimated to reach USD 3.34 billion by 2033 with a CAGR of 13.63%.

An organic material containing live microorganisms that promotes plant growth and strength is referred to as biofertilizer. It provides the plant with vital primary nutrients and can be applied to seeds, plant surfaces, soil, or the inside of the plant. In addition to improving soil fertility and aiding in the fixation of nitrogen, biofertilizer also promotes plant development and the solubilization of phosphorus. It contributes to a decrease in the use of chemical pesticides and fertilisers because it is an environmentally beneficial material. 

North America Biofertilizers Market Driving Factors and Challenges

Farmers around the world are using more biofertilizers as a result of increased government initiatives. Since low input agriculture relies heavily on sustainable farming practises, the necessity for sustainability in modern agriculture has grown. Sustainable agriculture lowers greenhouse gas emissions, saves energy and water, and lessens the risk of drought. In addition to enhancing soil health and crop productivity, biofertilizers give plants a variety of phytohormones and hormones that promote growth. Furthermore, compared to chemical fertilisers, biofertilizer has no lasting effects, making it the perfect choice for sustainable agriculture. Since biofertilizers are an affordable and sustainable supply of plant protein for sustainable agriculture, they are also a crucial part of integrated nutrition management. Thus, the demand for biofertilizers in the region is rising as a result of increased government initiatives and the growing requirement for sustainability in modern agriculture.

Nevertheless, the North American biofertilizer industry encounters obstacles due to inadequate government backing for organic farming and adverse pricing factors. Overcoming challenges such as limited governmental support and pricing issues is crucial for the biofertilizer market to leverage the growing preference for organic cultivation. Moreover, biofertilizer products face limitations, including a short shelf life and susceptibility to contamination. Microorganisms in biofertilizers become nonviable under high temperatures, necessitating storage in a dry, cool environment. Agricultural inoculation technology confronts challenges in microorganism survival during storage, influenced by factors like culture medium, physiological state at harvest, dehydration process, drying rate, temperature maintenance, and water activity. Additionally, counterfeit biofertilizers pose a significant issue, resembling genuine products in chemical qualities and physical traits, leading to farmer distrust and hindering market expansion, especially in the fragmented and unorganized Asian markets.

Impact of COVID-19 on North America Biofertilizers Market
The number of verified COVID-19 cases in the United States leads the region, which has a negative impact on biofertilizer market development, production, and research. The biofertilizer business has suffered due to disruptions in raw material sourcing and manufacturing, which have been further exacerbated by the pandemic's effects on food supply chains. Due to the pandemic, consumer lifestyles have changed, raising interest in organic farming and creating a demand for healthier food products. The pandemic's increased emphasis on organic food is encouraging the use of organic farming methods, which in turn is driving the demand for biofertilizers in the North American market.

North America Biofertilizers Market Key Players:

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Agriculture Solutions, Inc., Agrinos, Agrocare Canada, BioFert Manufacturing Inc., California Organic Fertilizers, Inc., Fertilizers USA LLC, Fertoz, Kiwa Bio-Tech Products Group Corporation, Lallemand Inc., Nutrein Ltd, Orgunique, Rizobacter Argentina SA, Others.

North America Biofertilizers Market Segmentation:

By Microorganism: Based on the Microorganism, North America Biofertilizers Market is segmented as; Azospirillum, Azotobacter, Blue-green Algae, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium, Other Microorganisms.

By Technology Type: Based on the Technology Type, North America Biofertilizers Market is segmented as; Carrier Enriched Biofertilizers, Liquid Biofertilizers, Other Technology Types.

By Application: Based on the Application, North America Biofertilizers Market is segmented as; Seed Treatment, Soil Treatment.

By Crop Type: Based on the Crop Type, North America Biofertilizers Market is segmented as; Commercial Crops, Fruits and Vegetables, Grains and Cereals, Pulses and Oilseeds, Other Crop Types.

By Region: This research also includes data for Canada, Mexico, United States, Rest of North America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Johnson & Johnson


Market Research

We are the leading, full-service global market research and consulting company.

iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]