Biofertilizer Market is segmented By Type – Nitrogen-Fixing, Phosphate-Solubilizing, Potash-
Mobilizing, Others, By Application – Grains, Pulses & Oilseeds, Fruits & Vegetables, Others. Global Opportunity Analysis and Industry Forecast 2022 – 2028. It is published in Valuates Reports under the Chemicals Industry Category. The global Biofertilizer market size is estimated to be worth USD 2748.6 million in 2022 and is forecast to be a readjusted size of
USD 4459.5 million by 2028 with a CAGR of 8.4% during the review period. The increasing need to improve yields is expected to drive the growth of the biofertilizers market. Because
of the nitrogen and phosphorus they give to the soil, biofertilizers can boost production by up to 30%. Plants grow better during droughts when the soil texture and quality are improved. Biofertilizers aid in the development of stronger root systems and improved plant growth. Harmful organisms in the soil, such as fungi and nematodes, are also educed by biofertilizers.
