According to the latest report by IMARC Group, titled, “United States Biofertilizer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The United States biofertilizer market is expected to exhibit a CAGR of 13.81% during 2022-2027.
Biofertilizers are organic substances with living microorganisms that promote plant growth. They are obtained from biological wastes and help mineralize the soil by breaking down complex minerals and facilitating easy absorption by plants. They also assist in triggering the growth of seeds by enriching the soil with phosphorus (P), nitrogen (N), and other essential nutrients. Additionally, they aid in reducing pollution, preventing crop diseases, enhancing the quality and quantity of crop production, and supporting sustainable agriculture. Besides this, biofertilizers are cost-effective, easily accessible, and environment-friendly compared to synthetic fertilizers.
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United States Biofertilizer Market Trends and Drivers:
The rising awareness about the adverse effects of synthetic fertilizers on the environment and human health represents one of the key factors positively influencing the biofertilizer market in the United States. In addition, the increasing health consciousness among individuals is catalyzing the demand for organic food products, which is strengthening the market growth. Apart from this, the United States Department of Agriculture (USDA) is implementing numerous provisions to promote organic farming. This, along with the introduction of pest management programs by governing and non-governing agencies of the country, is contributing to market growth. Moreover, technological advancements in the agriculture industry and extensive research and development (R&D) activities conducted by the leading market players are propelling the market growth.
United States Biofertilizer Market 2022-2027 Competitive Analysis and Segmentation:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based on type, crop, microorganism and mode of application.
Breakup by Type:
- Nitrogen-Fixing Biofertilizers
- Phosphate-Fixing Biofertilizers
Breakup by Crop:
- Cereals and Grains
- Pulses and Oilseeds
- Fruits and Vegetables
Breakup by Microorganism:
- Phosphate Solubilizing Bacteria
Breakup by Mode of Application:
- Seed Treatment
- Soil Treatment
Breakup by Region:
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