US Biofertilizers Market Outlook

the united states biofertilizer market has seen steady growth over the past few years, with an expected cagr of 10.7% over 2018-2032 expected to take the market to the scope of usd 7 billion. according to the report released by qy research in 2018, the use of biofertilizers has been on the rise in the us due to its environmental and economic benefits. moreover, the us government is also supporting the increased adoption of such sustainable agricultural practices with its research and grants and subsidies programs. organic farming is the driving force behind the us market’s standing among the top biofertilizer users in the world. there has been a huge shift from chemical to organic farming over the past few years, with the increasing demand from consumers for organic products and their higher prices in the market. with the enormous need for nutrient-rich soil to support organic food production, it's no surprise that organic farmers rely heavily on organic fertilizers. biofertilizers come with a range of benefits, such as improved soil fertility, reduced agrochemicals, reduced environmental pollution, and improved crop yield. furthermore, the increasing number of organic farms in the us has provided huge opportunities to the us biofertilizer industry. apart from organic farming, the other major segment driving the us biofertilizers market growth is microbials. microorganisms such as rhizobia, azotobacter, and azospirillum are used to improve the nitrogen-fixing capacity of crops. similarly, the use of rhizobium and arbuscular mycorrhizae fungi can help increase the phosphate-solubilizing capability in soil. these factors, along with the increasing awareness among farmers about the benefits of biofertilizers, have driven the growth of the us market. innovation and technology advancements have also played a key role in the us biofertilizer market. emerging nanotechnology has enabled scientists to develop effective and efficient biofertilizers that can help reduce the usage of chemicals and help conserve water. this is projected to further increase the market potential of biofertilizers in the us, making them an environment-friendly and cost-effective source of fertilizers. overall, the us biofertilizers market will witness sustained growth over 2018-2032. various government initiatives are expected to drive the demand for such environmentally friendly methods of farming and further propel the growth of the us market.