South America Biofertilizers Market Size (2024 - 2029)

The South America Biofertilizers Market is projected to experience significant growth, with Argentina leading as the largest and fastest-growing market, followed by Brazil. The expansion of the market is driven by favorable government policies, a streamlined registration process, and a rising number of organic farms. While the Rhizobium biofertilizer segment dominated the market in 2019, the growth in certain countries like Peru, Colombia, Bolivia, and Venezuela is expected to be slower due to the absence of specific regulations governing biofertilizers and organic fertilizers.

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Market Size of South America Biofertilizers Industry

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South America Biofertilizers Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 200.70 Million
Market Size (2029) USD 325.70 Million
CAGR (2024 - 2029) 10.00 %
Market Concentration High

Major Players

South America Biofertilizers Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South America Biofertilizers Market Analysis

The South America Biofertilizers Market size is estimated at USD 200.70 million in 2024, and is expected to reach USD 325.70 million by 2029, growing at a CAGR of 10% during the forecast period (2024-2029).

Argentina is the largest and fastest-growing market, followed by Brazil. Favorable government policies, an easy registration process, and the increasing number of organic farms are the factors driving the market. Considering the type of biofertilizers, the Rhizobium biofertilizer segment led the market in 2019 in South America. Despite the extensive legislative norms in major South American countries, there is a lack of a specific and definite set of regulations for the use of biofertilizers and organic fertilizers in some countries in the region, such as Peru, Colombia, Bolivia, and Venezuela. Thus, their growth in the biofertilizer market is likely to be slow compared to countries like Brazil and Argentina.

South America Biofertilizers Industry Segmentation

Biofertilizers used in agriculture are considered under the scope of the study. Biofertilizers are substances comprising living microbes, which, when applied to seed, plant, and soil, stimulate growth by supplying essential nutrients, such as N, P, and other mineral nutrients. The report provides an in-depth analysis of various parameters of the North American biofertilizer market. This study includes a detailed overview of the various geographical locations across South America and the competitive landscape of the major market players.

The South American biofertilizers market is segmented by microorganism (rhizobium, azotobacter, azospirillum, phosphate solubilizing bacteria, mycorrhiza, and other biofertilizers), crop type (cash crops, horticultural crops, and row crops), and geography (Brazil, Argentina, and Rest of South America).

Microorganism
Rhizobium
Azotobacter
Azospirillum
Phosphate Solubilizing Bacteria
Mycorrhiza
Other Biofertilizers
Crop Type
Cash Crops
Horticultural Crops
Row Crops
Geography
Brazil
Argentina
Rest of South America
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South America Biofertilizers Market Size Summary

The South American biofertilizer market is experiencing significant growth, driven by increasing environmental concerns and the rising costs of chemical fertilizers. This shift towards sustainable farming practices is supported by favorable government policies and the expansion of organic farming, particularly in Argentina and Brazil. The market is characterized by the use of biofertilizers such as rhizobium, azospirillum, and phosphobacteria, which enhance soil quality and nutrient intake for various crops, including rice, pulses, and sugarcane. Despite the lack of uniform regulations in some countries like Peru and Colombia, Argentina leads the market with stringent controls and a strong export orientation, particularly in the commercialization of rhizobia-based biofertilizers.

The market landscape in South America is highly fragmented, with numerous international and local players contributing to a competitive environment. Companies are focusing on collaborations, market expansions, and product innovations to strengthen their positions. Notable players such as Rizobacter Argentina SA are investing heavily in research and development to enhance their offerings. Strategic partnerships, like the one between Heliae Agriculture and Rizobacter, aim to develop advanced soil and crop nutrition technologies, further driving market growth. The biofertilizer market's expansion is supported by the increasing adoption of organic ingredients and sustainable farming practices, which are becoming integral to agricultural strategies in the region.

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South America Biofertilizers Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porters Five Force's Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Microorganism

      1. 2.1.1 Rhizobium

      2. 2.1.2 Azotobacter

      3. 2.1.3 Azospirillum

      4. 2.1.4 Phosphate Solubilizing Bacteria

      5. 2.1.5 Mycorrhiza

      6. 2.1.6 Other Biofertilizers

    2. 2.2 Crop Type

      1. 2.2.1 Cash Crops

      2. 2.2.2 Horticultural Crops

      3. 2.2.3 Row Crops

    3. 2.3 Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Rest of South America

South America Biofertilizers Market Size FAQs

The South America Biofertilizers Market size is expected to reach USD 200.70 million in 2024 and grow at a CAGR of 10% to reach USD 325.70 million by 2029.

In 2024, the South America Biofertilizers Market size is expected to reach USD 200.70 million.

South America Biofertilizer Market Report Snapshots

South America Biofertilizer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)