The U.S. biofertilizers market size was USD 419.18 million in 2022. The market is slated to expand from USD 469.49 million in 2023 to USD 1,023.73 million by 2030, exhibiting a CAGR of 11.78% over the estimated period. The surge is due to the heavy reliance of farmers on using agricultural inputs for the improvement of crop yield.

This information is provided by Fortune Business Insights™ in its research report, titled “U.S. Biofertilizers Market, 2023-2030”.

COVID-19 Impact:

Market Growth Affected Due to Logistics Disruption amid COVID-19 Pandemic

The coronavirus pandemic impacted industry expansion driven by an increase in product prices. The agricultural activities were operational during the pandemic. However, disruptions in transport and lockdown restrictions affected the ability of manufacturers to source raw materials required for the transportation and manufacturing of final goods to farmers. This affected U.S. biofertilizers market share to some extent.

Information Source: https://www.fortunebusinessinsights.com/u-s-biofertilizers-market-107602

Segments:

Nitrogen Fixing Segment to Emerge Prominent Due to Escalated Crop Demand

By type, the market is subdivided into phosphate solubilizers, nitrogen fixing, and others. The nitrogen fixing segment is estimated to register a notable surge over the anticipated period. The rise is due to the growing product usage for iron sequestration and nitrogen fixation.

Rhizobium Demand to Rise Driven by Escalating Demand for Nitrogen Fixing Biofertilizers

Based on microorganism, the market is classified into rhizobium, pseudomonas, azotobacter, bacillus, azospirillum, VAM, and others. The rhizobium segment is poised to exhibit appreciable growth throughout the projected period. The surge is driven by the increasing demand for nitrogen fixing solutions.

Seed Treatment to Gain Prominence Owing to Higher Bioavailability

By application, the market is fragmented into soil treatment, seed treatment, and others. The seed treatment segment is expected to record substantial growth throughout the estimated period. The expansion is due to the escalating usage of seed treatment for the improvement of nutrition intake.

Cereals to Depict Notable Surge Driven by High Production

Considering crop type, the market is categorized into pulses & oilseeds, cereals, fruits & vegetables, and others. The cereals segment is set to depict a considerable upsurge over the estimated period. The surge is driven by the high production of cereals in the country.

Report Coverage:

The report gives an in-depth account of the major aspects propelling market expansion over the forecast period. Additional aspects of the report include the prominent steps undertaken by leading industry participants for strengthening their position in the market. These insights have been provided after extensive data collation and research from credible sources.

Drivers and Restraints: