Biofertilizers Market Is Booming Worldwide Demand, Research Scope, Growth Analysis and Business Guidelines by 2030

The Global Biofertilizers Market size is expected to grow from USD 2.4 billion in 2022 to USD 5.22 billion by 2030, at a CAGR of 10.2% during the forecast period (2023-2030).

Biofertilizers can be defined as biological products containing living microorganisms that, when applied to seed, plant surfaces, or soil, help in promoting growth. It promotes development of plants by increasing the uptake of nutrients, root biomass or root area. Biofertilizers are also crucial in mitigating the hazards that are arising from the increasing demand of the global population for food and also from the widely spread chemicalization in agroecosystems. The application of biofertilizers in amplifying productivity and quality of agricultural products has already been proven as a key factor that induces growth of the Biofertilizer market.

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