India Bio-Fertilizers Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The India Bio-Fertilizers Market is estimated to grow at a CAGR of about 8.65% during the forecast period 2024-30. The growing awareness about environmental sustainability, increasing concern towards soil health & fertility, and rising fruit & vegetable quality concerns are uplifting the demand for bio-fertilizers in India.
Markntel Advisor’s India Bio-Fertilizers Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, India Bio-Fertilizers Market drivers, barriers, India Bio-Fertilizers Market Trends, and Key Players in India Bio-Fertilizers Market.
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India Bio-Fertilizers Market Dynamics: 2024-2030
India Bio-Fertilizers Market Driver:
Expanding Agricultural Activities & Exports Enhancing Market Growth – In recent years, India has witnessed population growth & surge in urbanization rate. The total population of India is estimated to be around 1.42 billion in 2023, an increase of about 11 million compared to the previous year, stated the World Bank. This, is in turn, raising the demand for agricultural food products like fruits & vegetables. Hence, farming activities in India are increasing to fulfill the requirement for edible products.
The country has signed preferential trade agreements with countries like the US, the UAE, etc., owing to which it sends off a significant amount of agricultural products to these neighboring countries. The trade of the products also strengthens the economy. Therefore, during 2019-2023, the country exported higher agricultural products to rebuild its economy. Hence, to fulfill the growing local & global demand for food products, farming in India has been on the rise. Based on statistics by the Press Information Bureau (PIB), the total food grains production in FY2023 reached 329.7 million tonnes, an increase of about 14.1 million tonnes compared to the previous year. The farmers are using natural composts since these organic substances help facilitate plant growth faster & maintain the soil quality. Therefore, the rising agricultural activities within India are increasing the need for Bio-fertilizers, driving India’s Bio-fertilizer Market.
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India Bio-Fertilizers Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Microorganisms
- Rhizobium
- Azospirillum
- Azotobacter
- Acetobacter
- Others (Vesicular Arbuscular Mycorrhizae (VAM), Bacillus, etc.)
- By Type
- Nitrogen Fixing
- Phosphate Solubilizing
- Others (Zinc-solubilizing, Potassium-mobilizing bio fertilizers, etc.)
According to report, Among them, Nitrogen Fixing holds the dominant market share since it is an essential nutrient that boosts plant growth.
- By Application
- Foliar
- Soil Treatment
- Seed Treatment
According to report, Of them, Foliar holds a prominent market share since they quickly provide nutrients and reduce stress conditions & growth constraints.
- By Crop Type
- Fruits
- Vegetables
- Cereals & Grains
- Turfs
- Ornamentals
- Other (Oil Seeds, Pulses, etc.)
By Country
- North
- East
- West
- South
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the India Bio-Fertilizers Market:
- Indian Farmers Fertilizer Cooperative (IFFCO)
- AgriLife (SOM Phytopharma (India) Limited)
- Valagro Inc.
- Bayers AG
- Koppert Biological Systems
- United Phosphorus Ltd
- Hifield Organics Inc.
- Biostadt India Limited
- Sushila Biofertilizer Company P. Limited
- National Fertilizers Limited
- IPL Biologicals Limited
- Sri Vijaya Bio Fertilizers (India) Pvt. Ltd
- Others
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