Latin America Biofertilizers Market by Microorganism Type (Nitrogen-fixing Microbes, Phosphate Solubilizing Microbes), Crop Type (Cereals & Grains, Oilseeds & Pulses), Mode of Application (Seed Treatment, Fertigation), Form (Dry) - Forecast to 2032

The Latin America Biofertilizers Market is slated to register a CAGR of 12% from 2025–2032 to reach $408.6 million by 2032. Biofertilizers increase the nutrients of host plants when applied to their seeds, plant surface, or soil by colonizing the rhizosphere of the plant. The Latin America biofertilizers market is driven by the increase in the adoption of biofertilizers for organic farming, growing concerns regarding environmental safety, and favorable government policies and support to promote biofertilizers. However, the high cost of biofertilizers is expected to restrain the growth of this market.

Click here to: Get a Free Sample Copy of this Report

Increase in Adoption of Biofertilizers for Organic Farming

Organic farming involves growing crops without synthetic (chemical) fertilizers and pesticides. In organic cultivation, natural fertilizers such as organic fertilizers and biofertilizers enhance crop production. Biofertilizers are renewable, biodegradable, sustainable, and eco-friendly. They improve soil structure, increase the soil’s water-holding capacity, and prevent plant diseases & groundwater contamination.

Chemical fertilizers are used on a large scale to enhance agricultural production. However, chemical residues in food can be harmful and may lead to diseases. As food safety has become a major concern, consumers increasingly prefer chemical residue-free produce. Organic food is grown using natural fertilizers. Consuming organic food may reduce the risk of cancer, heart disease, stroke, allergies, obesity, and many more.

In 2020, Latin America had 9.9 million hectares of organic farmland (13.3% of total organic land globally). The region recorded the highest increase in organic farmland of 1.7 million hectares from 2019 to 2020 (Source: FiBL survey 2021). In Latin America, there are 2,70,000 organic producers. The countries in Latin America leading in organic cultivation are Argentina (4.4 million hectares), Uruguay (2.7 million hectares), and Brazil (1.3 million hectares). In Latin America, 19 countries have legislation on organic agriculture. Therefore, the increasing organic agricultural land is expected to drive the demand for natural fertilizers, including biofertilizers, in Latin America.

Biofertilizers play an important role in organic farming. In addition, biofertilizers are essential components of organic farming practices because combining naturally occurring microorganisms with organically derived, nutrient-rich fertilizers provides plants with a healthy growing environment and makes the soil sustainable for future growing seasons. Biofertilizers also enhance plants’ resistance against pests and abiotic stressors such as drought, excess water, and extreme temperature changes. Providing plants with natural protection against external threats and restrictive conditions is necessary for optimal plant growth & development and reduces the need for traditional, inorganic fertilizers and pesticides. Thus, the demand for biofertilizers in organic farming is expected to grow significantly in the coming years in Latin America. Thus, growth in organic farming & the rising demand for organic food are expected to increase the adoption of biofertilizers during the forecast period.

Key Findings in the Latin America Biofertilizers Market Study:

Nitrogen-fixing Microbes Segment is Expected to Dominate the Latin America Biofertilizers Market in 2025

Based on microorganism type, the Latin America biofertilizers market is segmented into (nitrogen-fixing microbes, [rhizobia bacteria, azospirillum, other nitrogen-fixing microbes], phosphate solubilizing & mobilizing microbes [pseudomonas, bacillus, other phosphate solubilizing & mobilizing microbes], potassium solubilizing & mobilizing microbes, other microorganism types). In 2025, the nitrogen-fixing microbes segment is expected to account for the largest share of the Latin America biofertilizer market. The segment’s large market share is attributed to the initiatives taken by government agencies along with increasing awareness about the need for sustainability in modern agriculture, hazards associated with the use of chemical fertilizers, growing health concerns, and profitable solutions to provide nitrogen to plants.

The Oilseeds & Pulses Segment to Register the Highest CAGR During the Forecast Period

Based on crop type, the Latin America biofertilizers market is segmented into (cereals & grains, [maize/corn, wheat, rice, other cereals & grains], oilseeds & pulses, fruits & vegetables, and other crop types). The oilseeds & pulses segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the rising demand for organic oilseeds & pulses and the growing demand for plant-based foods.

Seed Treatment Segment to Account for the Largest Share in 2025

Based on mode of application, the biofertilizers market is segmented into seed treatment, foliar spray, fertigation, and other modes of application. In 2025, the seed treatment segment is expected to account for the largest share of the biofertilizers market. The large market share of this segment is attributed to the solubilizing phosphorous in the soil and improving its availability, and increasing the use of biofertilizers in seed treatment of cereals such as rice, wheat, sorghum, and maize and oilseeds such as groundnut, sunflower, and soybean are driving the biofertilizers market.

The Liquid Biofertilizers Segment to Register the Highest CAGR During the Forecast Period

Based on form, the Latin America biofertilizers market is segmented into (dry and liquid biofertilizers). The liquid biofertilizers segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is driven by ease of use, cost-effectiveness, high efficiency & absorbability, and uniform application.

Brazil to Dominate the Biofertilizers Market in 2025

The Latin America biofertilizers market is segmented into five major countries— Brazil, Mexico, Argentina, Chile, and the Rest of Latin America (RoLATAM). In 2025, Brazil is expected to account for the largest share of the Latin America biofertilizers market. The large market share of this segment is attributed to the growing economy, a rising population, a large agricultural area, modernization of farming, limited availability of arable land, large fertilizer consumption, and growing land coverage under organic cultivation.

However, Mexico is slated to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the rising consumer preference for organic products, increasing organic farm sizes, and changing climatic conditions.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments of leading market players. Some of the key players operating in the Latin America biofertilizers market are American Vanguard Corporation (U.S.), Chr. Hansen Holding A/S (Denmark), IPL Biologicals Limited (India), Koppert B.V. (Netherlands), Lallemand Inc. (U.S.), Novozymes A/S (Denmark), Rizobacter Argentina SA (Argentina), Symborg Corporate, SL (Spain), UPL Limited (India), Vegalab SA (Switzerland), Corteva, Inc. (U.S.), Grupo Vittia (Brazil).

Scope of the Report:

Latin America Biofertilizers Market Assessment, by Microorganism Type

• Nitrogen-fixing Microbes
  • Rhizobia Bacteria
  • Azospirillum
  • Other Nitrogen-fixing Microbes
• Phosphate Solubilizing & Mobilizing Microbes
  • Pseudomonas
  • Bacillus
  • Other Phosphate Solubilizing & Mobilizing Microbes
• Potassium Solubilizing & Mobilizing Microbes
• Other Microorganism Types

Latin America Biofertilizers Market Assessment, by Crop Type

• Cereals & Grains
  • Maize/Corn
  • Wheat
  • Rice
  • Other Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Crop Types

Latin America Biofertilizers Market Assessment, by Mode of Application

• Seed Treatment
• Foliar Application
• Fertigation
• Other Modes of Application

Latin America Biofertilizers Market Assessment, by Form

• Dry Biofertilizers
• Liquid Biofertilizers

Latin America Biofertilizers Market Assessment, by Geography

• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of Latin America (RoLATAM)

Key Questions Answered in the Report-