Latin America Biofertilizers Market Size & Outlook
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- Petrochemicals
- Biofertilizers Market Outlook
- Petrochemicals
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Latin America biofertilizers market highlights
- The Latin America biofertilizers market generated a revenue of USD 233.8 million in 2024.
- The market is expected to grow at a CAGR of 13.6% from 2025 to 2030.
- In terms of segment, nitrogen fixation was the largest revenue generating product in 2024.
- Phosphate Solubilizing is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 233.8 million |
| Market revenue in 2030 | USD 500.9 million |
| Growth rate | 13.6% (CAGR from 2025 to 2030) |
| Largest segment | Nitrogen fixation |
| Fastest growing segment | Phosphate Solubilizing |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nitrogen Fixation, Phosphate Solubilizing |
| Key market players worldwide | Novo Holdings, Bioceres Crop Solutions Corp, Lallemand, National Industrial, AgriLife, BIOMAX, Symborg, Antibiotice, Labofarm, Sigma AgriScience, Agrinos Inc., Kiwa Bio-Tech Products Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 17.0% of the biofertilizers market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 630.1 million by 2030.
Latin America is the second-fastest consumer of biofertilizers, which can be attributed to the vast improvements in agricultural sector across Brazil and Argentina. The region has around 8 million hectares of organic farming land, which is approximately 1.1% of the total agricultural land available in Latin America for farming purposes.
Argentina held the largest organic agricultural land in the region, whereas, Brazil was the largest producer of organic products across Latin America. The region recorded a total of over 460,000 organic agricultural producers in 2017.
The region has several internal organic produce selling markets, which are observed to be growing significantly over the past couple of years due to the high internal demand for organic food products.
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Publish Date: Dec 19, 2024
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Biofertilizers Market Scope
Biofertilizers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bioceres Crop Solutions Corp | View profile | 790 | Ocampo 210 Bis, Predio CCT, Province of Santa Fe, Rosario, Argentina, 2000 | www.biocerescrops.com |
| Lallemand | View profile | 5001-10000 | Rexdale, Ontario, Canada, North America | www.lallemand.com |
| Novo Holdings | View profile | 101-250 | Hellerup, Hovedstaden, Denmark, Europe | www.novoholdings.dk |
| National Industrial | View profile | 101-250 | Abu Dhabi, Abu Dhabi, United Arab Emirates, Asia | www.nicuae.com |
| AgriLife | View profile | - | Nairobi, Nairobi Area, Kenya, Africa | agrilife.co.ke/ |
| BIOMAX | View profile | 11-50 | Cairo, Al Qahirah, Egypt, Africa | - |
| Symborg | View profile | 11-50 | Espinardo, Murcia, Spain, Europe | www.symborg.com/ |
| Antibiotice | View profile | 1001-5000 | Valea Lupului, Iasi, Romania, Europe | www.antibiotice.ro |
| Labofarm | View profile | 11-50 | Barcelona, Catalonia, Spain, Europe | www.labofarm.es |
| Sigma AgriScience | View profile | - | Boling, Texas, United States, North America | sigmaagriscience.com/ |
Latin America Biofertilizers Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Biofertilizers Market Outlook will help companies and investors design strategic landscapes.
Nitrogen Fixation was the largest segment with a revenue share of 93.07% in 2024.
Horizon Databook has segmented the Latin America biofertilizers market based on nitrogen fixation, phosphate solubilizing covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is the second-fastest consumer of biofertilizers, which can be attributed to the vast improvements in agricultural sector across Brazil and Argentina. The region has around 8 million hectares of organic farming land, which is approximately 1.1% of the total agricultural land available in Latin America for farming purposes.
Argentina held the largest organic agricultural land in the region, whereas, Brazil was the largest producer of organic products across Latin America. The region recorded a total of over 460,000 organic agricultural producers in 2017.
The region has several internal organic produce selling markets, which are observed to be growing significantly over the past couple of years due to the high internal demand for organic food products.
- Latin America Biofertilizers Market Product Outlook (Revenue, USD Million , 2018-2030)
- Nitrogen Fixation
- Phosphate Solubilizing
- Others
- Latin America Biofertilizers Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Seed Treatment
- Soil Treatment
- Latin America Biofertilizers Market Application Outlook (Revenue, USD Million , 2018-2030)
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others Core Type
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Biofertilizers Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Biofertilizers Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Biofertilizers Market, 2018-2030 (US$M)
Latin America biofertilizers market statistics, by product, 2018-2030 (US$M)
