PUBLISHER: IMARC | PRODUCT CODE: 1467704
PUBLISHER: IMARC | PRODUCT CODE: 1467704
The North America biofertilizer market size reached US$ 952.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,597.7 Million by 2032, exhibiting a growth rate (CAGR) of 11.4% during 2024-2032.
Biofertilizer stands for an organic substance containing living microorganisms which facilitates growth and strength of plant. It is applicable to seeds, plant surfaces, soil or plant's interior, supplying essential primary nutrients for the plant. Biofertilizer helps in nitrogen fixation, stimulates plant growth, solubilizes phosphorus for plant and enhances soil fertility. Being an eco-friendly substance, it helps in reducing the usage of chemical fertilizers and pesticides. Rhizobium, Azetobacter, Azospirillum and blue green algae belonging to Nostoc, Anabaena, Tolypothrix and Aulosira genera are some of the commonly used biofertilizers.
North America hosts the largest biofertilizer market in the world. Increasing demand for organic food in the region has boosted demand for biofertilizers. Also, expanding land area for organic farming, easy availability of the product, suitable economical value and new innovations have profited the biofertilizer market. Rising awareness towards the several health and environmental benefits of biofertilizers will fuel the market in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America biofertilizer market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on type, crop, microorganism and mode of application.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Type
Nitrogen-Fixing Biofertilizers
Phosphate-Fixing Biofertilizers
Others
Market by Crop
Cereals and Grains
Pulses and Oilseeds
Fruits and Vegetables
Others
Market by Microorganism
Cyanobacter
Rhizobium
Phosphate Solubilizing Bacteria
Azotobacter
Others
Market by Mode of Application
Seed Treatment
Soil Treatment
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles