Microalgae-based Fertilizers Market Trends & Forecast 2024

The demand for Microalgae-based Fertilizers Market in the fertilizers sector is forecasted to achieve a valuation of USD 12 million in 2024, reflecting an increase from previous estimates. The industry is expected to experience significant growth, with its market size projected to reach USD 29.7 million by 2034. This robust expansion is fueled by the rising demand for sustainable agriculture solutions and organic farming practices. The compound annual growth rate (CAGR) from 2024 to 2034 is estimated at 11%, highlighting the sustained demand for microalgae-based fertilizers across various agricultural applications.