Surging demand for higher crop-yields is driving the growth if India’s Biofertilizers Market, FY2017-FY2027. According to TechSci report on, “India Biofertilizers MarketBy Type (Nitrogen Fixing, Phosphate Fixing, Potassium Fixing, Others), By Mode of Application (Soil Treatment, Seed Treatment, Others), By Form (Liquid v/s Carrier-Based), By Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Others), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, FY2027”, India biofertilizers market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027.
The Important Elements of India Biofertilizers Market
India’s Biofertilizers market owes its growth to the factors like surging demands for the organic and environment friendly fertilizers. The deterioration of the agricultural lands in the country due to use of chemically infused fertilizers and synthetic fertilizers is also one of the major driving factors for the India biofertilizers market in the upcoming five years. Advanced practices like digital farming, precision farming, etc. are prevailing in the country, such technical reforms are inviting more.
Moreover, rapidly increasing number of organic farms is supporting the growth of the India biofertilizers market in the next five years. Additionally, rising concerns among the population regarding health of the agricultural lands, crop food for consumption, and advanced farming practices is aiding the growth of the India biofertilizers market in the future five years.
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The India biofertilizers market segmentation is based on type, mode of application, form, crop type, source, regional distribution, top 3 states analysis in each region, and competitional landscape. Based on mode of application, the market is further bifurcated into soil treatment, seed treatment, and others. Seed treatment is anticipated to hold the largest revenue shares of the market and assert its dominance over the market on the account of added benefits of induced nutritional values in the seeds. Also, aggressive consumptions synthetic fertilizers and other related plant growing chemicals have deteriorated the soil quality to a substantial level thereby driving the demand for the organic products and assuring the growth of the India biofertilizers market in the next five years.
Based on type, the market is further segmented into nitrogen fixing, phosphate fixing, potassium fixing, and others. Phosphate fixing biofertilizers are expected to register significant growth in the upcoming five years on the account of surge in the demand for these biofertilizers to replenish the contaminated and scarce soil for agriculture. These biofertilizers have the ability to hydrolyze organic phosphate and inorganic phosphate with the involvement of the phosphate fixing bacteria. These factors are anticipated to drive the growth of the market segment as well as the India biofertilizers market.
India biofertilizers market has some of the major market players leading the market like, UPL Limited, T. Stanes & Company Limited, IPL Biologicals Limited, Kan Biosys Pvt. Ltd., Manidharma Biotech Pvt Ltd, Biomax Naturals, Jaipur Bio Fertilizers, Aumgene Biosciences Pvt. Ltd., Criyagen Agri And Biotech Pvt Ltd, Varsha Bioscience and Technology India Private Limited, among others. Major market players are actively dedicated in the research and development of the advanced products such that the consumer’s demand could be fulfilled. Consistent research ensures the future launches for the better products and services. With rapidly surging demand for the advanced products, the new market entrants would be able to establish their brand and thus their market-place. Other strategies include collaborations and partnerships with the pre-existing market players or the research institutes such that government funding can be availed for the product development.
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“Indian economy is heavily dependent on the agricultural practices and the revenue thus generated. The industry is booming due to advanced and evolving agricultural practices. Usage of biofertilizers have increased in the past few years due to increasing concerns and popularizing environmentally friendly agricultural practices like active usage of the biofertilizers instead of chemically infused and synthetic products. New market players must concentrate on the production and launch of advanced biofertilizers that replenishes the soil quality of the agricultural land in the country. Government initiatives and private funding is expected to aid the market players in their brand establishment. Development of the biofertilizers that replenishes the quality of the soil as well as saves the plant against pests may aid latest product launch for the market players in the country,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Biofertilizers Market By Type (Nitrogen Fixing, Phosphate Fixing, Potassium Fixing, Others), By Mode of Application (Soil Treatment, Seed Treatment, Others), By Form (Liquid v/s Carrier-Based), By Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Others), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India Biofertilizers market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Biofertilizers market.
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