Biofertilizers Market Sustainable Agriculture Revolution: to Hit USD 5.0 Billion by 2032
Biofertilizers Market Overview: In 2022, the Biofertilizers market was valued at USD 1.8 billion, marking a pivotal moment in the agricultural industry's transition towards sustainable solutions. According to projections by MRFR (Market Research Future), the market is set to experience exponential growth, with its value expected to reach USD 5.0 billion by 2032. This remarkable expansion reflects a compound annual growth rate (CAGR) of 12.24% during the forecast period from 2023 to 2032. Key Drivers: Several factors are driving the rapid growth of the Biofertilizers market , chief among them being the escalating prices of synthetic fertilizers on a global scale. As consumers become increasingly aware of the environmental and health implications associated with synthetic chemicals in food production, there has been a notable shift towards organic and sustainably produced food items. This consumer-driven demand for naturally cultivated products has spurred ...