Biofertilizers Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis
The biofertilizers market was estimated at USD 3.09 billion in 2022 and is likely to grow at a CAGR of 11.94% during 2023-2028 to reach USD 6.1 billion in 2028.
Market Drivers
The growth of the biofertilizers market is primarily driven by-
Growing awareness towards the usage of sustainable materials and technological advancement in crop production.
The rising concerns over food safety.
The rising demand for organic food and the need to lessen the impact of agriculture on the environment.