Sustainable agri on the rise: Microalgae-based fertilizers

Added on 16 July 2024

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Sustainable agri on the rise: Microalgae-based fertilizers

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The global market for microalgae-based fertilizers is poised for substantial growth, with a projected 10% compound annual growth rate (CAGR) from 2023 to 2033. According to Future Market Insights (FMI), the sector’s valuation is expected to surpass US$ 28.7 million by 2033, up from US$ 11 million in 2023.

This significant expansion underscores the increasing importance of sustainable agricultural practices and the growing recognition of the environmental and agronomic benefits offered by microalgae-based fertilizers.