India Bio-Fertilizer Market Expected to Grow at a CAGR of 8.65% by 2030 | Valagro Inc., Bayers AG, Koppert Biological Systems

This comprehensive India Bio-Fertilizers Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

According to recent market analysis report, the India Bio-Fertilizer market size is estimated to grow at a CAGR of about 8.65% during the forecast period of 2024-2030.

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Driving Force Behind the Growth of the India Bio-Fertilizers Market through 2030

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.

Market Segment Highlights:

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.)

Among them, Nitrogen Fixing holds the dominant market share since it is an essential nutrient that boosts plant growth. Nitrogen is essentially required for higher agricultural yields of products such as Rice, Wheat, Pulses & Vegetables. However, poor management of crop residues and organic matter removal from the soil has resulted in nitrogen losses. Thus, to fulfill the demand for vital minerals, agriculturalists in India are using Nitrogen-Fixing Bio-fertilizers, enhancing their market share.

By Application

 - Foliar

 - Soil Treatment

 - Seed Treatment

By Crop Type

 - Fruits

 - Vegetables

 - Cereals & Grains

 - Turfs

 - Ornamentals

 - Other (Oil Seeds, Pulses, etc.)

By Region

 - North

 - East

 - West

 - South

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India Bio-Fertilizers Market Competition Analysis:

Some of the top Bio-Fertilizers manufacturing companies operating in the India market are 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, and other..

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