U.S. Biofertilizers Market Size & Outlook, 2024-2030
U.S. biofertilizers market, 2018-2030 (US$M)
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U.S. biofertilizers market highlights
- The U.S. biofertilizers market generated a revenue of USD 329.2 million in 2023 and is expected to reach USD 764.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
- In terms of segment, nitrogen fixation was the largest revenue generating product in 2023.
- Phosphate Solubilizing is the most lucrative product segment registering the fastest growth during the forecast period.
Biofertilizers market data book summary
| Market revenue in 2023 | USD 329.2 million |
| Market revenue in 2030 | USD 764.7 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Nitrogen fixation |
| Fastest growing segment | Phosphate Solubilizing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 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, U.S. accounted for 19.8% of the global biofertilizers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. biofertilizers market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 764.7 million by 2030.
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Biofertilizers Market Scope
Biofertilizers Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 will help companies and investors design strategic landscapes.
Nitrogen fixation was the largest segment with a revenue share of 71.54% in 2024. Horizon Databook has segmented the U.S. biofertilizers market based on nitrogen fixation, phosphate solubilizing covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is a majority stakeholder in the North American organic farming industry. The country recorded a whopping 56% rise in organic farmlands from 2011 to 2016, as cited by the National Agricultural Statistics Services of the U.S. Department of Agriculture.
Along with the growing trend of practicing organic harvesting in the country, the U.S. population also reflected a parallel trend of adopting organic food products. The sales of organic food products in the country was marked at USD 7.6 billion in 2016, which is approximately double the sales in 2011, which was valued at USD 3.5 billion.
North Dakota, California, Montana, Wisconsin, and New York are among the largest states practicing organic cultivation. The demand for biofertilizers in the country rose significantly as agricultural communities recognized the degrading underground water reserves and soil quality due to the aggressive use of chemical-based fertilizers and other agricultural inputs for decades.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. biofertilizers market , including forecasts for subscribers. This country databook contains high-level insights into U.S. biofertilizers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. biofertilizers market size, by product, 2018-2030 (US$M)
U.S. Biofertilizers Market Outlook Share, 2024 & 2030 (US$M)
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