Market Size of Biological Organic Fertilizer Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 12.64 Billion |
Market Size (2029) | USD 16.84 Billion |
CAGR (2024 - 2029) | 5.90 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Biological Organic Fertilizer Market Analysis
The Biological Organic Fertilizer Market size is estimated at USD 12.64 billion in 2024, and is expected to reach USD 16.84 billion by 2029, growing at a CAGR of 5.90% during the forecast period (2024-2029).
- The increased practice of organic farming is one of the significant factors behind the growth of the biological organic fertilizer market. The emphasis on sustainable agriculture and government support to the manufacturers are the other factors that augment the development of the market.
- Moreover, recent studies have shown the effect of bio-organic fertilizers on grains. Bio-organic fertilizer that exhibited various qualities, such as nutrient acquisition and plant growth promotion of rice, is an organic-based biofertilizer that contains RP (5%), biochar (15%), and the living cells of Plant Growth Promoting Bacteria (PGPB), mostly Bacillus, Proteus, and Paenibacillus spp., which were isolated from the floodplain, terrace, and saline soils. The results of 16 field experiments and 18 farmers' demonstration trials undertaken by Bangladesh Rice proved that added PGPB supplemented the 30% synthetic N requirement of rice production through biological nitrogen fixation and fully complemented available P from rock phosphate by solubilization during the plant growth period. The combined effect of living ingredients and organic matter of the bio-organic fertilizer saved 30% urea-N, eliminated 100% Triple Super Phosphate fertilizer use in rice production, and simultaneously improved nutrient uptake, N, P use efficiencies, rice yield, and soil health, eventually enhancing the adoption of biological organic fertilizers.