Market Size of brazil biofertilizer Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 129.92 Million |
|
|
Market Size (2029) | USD 206.43 Million |
|
Largest Share by Form | Azotobacter |
|
|
CAGR (2024 - 2029) | 9.70 % |
|
|
Fastest Growing by Form | Rhizobium |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Brazil Biofertilizer Market Analysis
The Brazil Biofertilizer Market size is estimated at 129.92 million USD in 2024, and is expected to reach 206.43 million USD by 2029, growing at a CAGR of 9.70% during the forecast period (2024-2029).
129.92 Million
Market Size in 2024 (USD)
206.43 Million
Market Size in 2029 (USD)
5.30 %
CAGR (2017-2023)
9.70 %
CAGR (2024-2029)
Largest by Form
39.34 %
value share, Azotobacter, 2023
Azotobacters are nitrogen-fixing bacteria, found in alkaline and neutral soils and application of azotobacteras bio-inoculants may increase crop productivity by 10-12%.
Fastest by Form
11.02 %
Projected CAGR, Rhizobium, 2024-2029
Rhizobium biofertilizers are gram-negative, motile, non-sporulating rod bacteria that capable to fix 50-200 kg N/ha and fix 80 to 90% of the crop's nitrogen needs.
Largest by Crop Type
79.19 %
value share, Row Crops, 2023
Soyabean, wheat and corn are the major row crops grown in Brazil. Among the biofertilizers, Azotobacter dominated the row crops segment with a market share of 39.3% in 2022
Fastest by Crop Type
9.74 %
Projected CAGR, Row Crops, 2024-2029
Row crops are dominating the Brazil biofertilizers market with a market share of 79.2%, this is due the increasing organic acreage, from 2017 to 2022, 23.3% increased.
Leading Market Player
11.41 %
market share, Vittia Group, 2022
Vittia Group has four distribution centers and a distribution network across the country. They have a team of agronomists who assist the farmers in taking right decisions
- Biofertilizers are living microorganisms that improve plant nutrition by mobilizing or increasing nutrient availability in soils. Bio-fertilizers, which are essential components of organic farming, play an important role in long-term soil fertility and sustainability by fixing atmospheric dinitrogen (N=N), mobilizing fixed macro and micronutrients, or converting insoluble P in the soil into forms available to plants, increasing their efficiency and availability.
- Many studies have concluded that inoculation with biofertilizers increases yields by reducing production costs. Brazil consumes 8% of the world's fertilizers and is the fourth-largest importer. Russia accounts for roughly one-fifth of Brazilian fertilizer imports. The Russian invasion of Ukraine significantly increased the risk of disruption of the global fertilizer trade. Due to this, fertilizer prices have increased significantly.
- As fertilizer prices increase, farmers switch to biofertilizers. Moreover, 80.0% of the soybean acreage in the country is being applied with biofertilizers as part of their cultivation. Many studies have shown that inoculation with biofertilizers increases yield by reducing production costs.
- As a result of its effectiveness in nitrogen fixation, Azotobacter biofertilizer is the most popular in the country. It is followed by mycorrhizal fungi, which enhance nutrient and water uptake by the host plant by exploiting a larger volume of soil than roots alone can.
- Organic cultivation areas increased by 1.2% from 2017 to 2022. As organic farming in the country increases, fertilizer prices rise, and R&D investments in biofertilizers increase, the Brazilian biofertilizer market will grow rapidly.
Understand The Key Trends Shaping This Market
