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The global biofertilizers market size was valued at USD 2.6 billion in 2021 and is expected to reach USD 4.5 billion by 2026, growing at a CAGR of 11.9% in terms of value during the forecast period. Factors such as adoption of precision farming and protected agriculture along with increase in the environmental concerns are some of the factors driving the growth of the biofertilizers market.