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The global biofertilizers market was valued at USD 2. id=856By Type:Nitrogen-fixing biofertilizers are expected to hold the largest share of the market during the forecast period. By Crop Type:The fruits and vegetables segment is projected to account for the largest market share. id=856By Region:North America is projected to hold the largest share of the global biofertilizers market. In countries such as the United States and Canada, the focus on large-scale cash crop production further drives the adoption of biofertilizers, contributing to market growth.

With the growing concern of using chemical fertilizers and their residues, biofertilizers are proving to be a sustainable alternative to enhance soil health and promote organic farming. The global biofertilizers market is estimated to be valued at US$ 2. Continuous usage of chemical fertilizers degrades soil health by reducing organic matter content and killing beneficial soil microorganisms. The microorganisms in biofertilizers solubilize immobilized nutrients in soil, improve soil structure and aeration which enhances nutrient availability to plants. Stringent norms against use of chemicals and emergence of sustainable agriculture practices offer opportunities for market players in these regions.