Market Size of North America Biofertilizers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 13.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Biofertilizer Market Analysis
The North America Biofertilizers Market is estimated to grow at a CAGR of 13.3%, during the forecast period, 2020-2025. The United States is the largest and fastest-growing market, followed by Canada. Favorable government policies, easy registration process, and the increasing organic farms are the main factors driving the market. Considering the type of biofertilizers, the Rhizobium biofertilizer segment led the market in 2019 in North America. The popular genera used as biofertilizers in North America are Bradyrhizobium, Sinorhizobium, Azorhizobium, Mesorhizobium, and Allorhizobium. Grains and cereals contributed the major share to the North America biofertilizer market among the various types of crops in 2019. Wheat, corn, and soybean are some of the major cereals grown in North America that account for the majority of the biofertilizer application in the region.
