India Bio-Fertilizers Market Poised for Robust Growth, Forecasted to Expand at 8.65% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in The India Bio-Fertilizer market size is estimated to grow at a CAGR of about 8.65% during the forecast period 2024-30.

Report Coverage

This report offers a comprehensive analysis of the India Bio-Fertilizers Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

India Bio-Fertilizers Market Overview

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.

Traditionally, unsustainable farming practices were used frequently for plant cultivation in India. In 2022, approximately 40% of the total cultivated area is being treated with chemical-based pesticides, per the National Institutes of Health. These practices involved excessive usage of chemicals. Therefore, the surging chemicals-based fertilizer usage to promote plant growth negatively impacts soil health. Per the National Bureau of Soil Survey and Land Use Planning, in 2023, approximately 146.8 million hectares, i.e., around 30% of the soil in India are contaminated.

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India Bio-Fertilizers Market Segmentation Outlook

The India Bio-Fertilizers is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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.)

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

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.

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Top India Bio-Fertilizers Market Brands Their Strategic Market Positioning

MarkNtel Advisors Research identifies 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 Others as key players shaping the market landscape.

India Bio-Fertilizers Market News

• 2023: Indian Farmers Fertilizer Cooperative (IFFCO): Procured around 2,500 agri-drones to spray nano fertilizers, bio-stimulants, and bio-fertilizers to enhance plant growth in the country.

Key Questions Answered in the Report

• What is the market size (value volume) along with the current future trends, growth factors challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers challenges associated with the market, and how would they impact the market through the forecast period?

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