So. Dez 22nd, 2024

Increasing crop diversification & organic farming practices and integration of biofertilizers into crop nutrient management plans is expected to drive the India Biofertilizers Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “India Biofertilizers Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Biofertilizers Market was valued at USD 100.29 Million in 2024 and is anticipated to project impressive growth with a CAGR of 8.74% in the forecast period, 2026-2030F. India’s biofertilizer market is driven by a number of factors. The increasing awareness about the harmful impacts of chemical fertilizers and a shift towards sustainable farming methods have significantly boosted the demand for biofertilizers.

The Indian government’s push for organic farming and its financial support for biofertilizer production units further promote the use of biofertilizers. The expanding organic food industry and consumer preference for organic products have also contributed to the growth of India’s biofertilizer market.

The biofertilizers market in India is witnessing dynamic growth due to the increasing focus on sustainable agriculture and the government’s drive to promote organic farming practices. A biofertilizer is a substance that contains living microorganisms which, when applied to seed, plant surfaces, or soil, promotes growth by increasing the supply or availability of primary nutrients to the host plant.

India’s vast agricultural sector, coupled with a growing population, necessitates an efficient and sustainable approach to farming. Biofertilizers are emerging as a viable solution dueto their role in enhancing crop yield, soil fertility, and agricultural sustainability. The need to reduce dependency on chemical fertilizers and pesticides is another factor driving the adoption of biofertilizers. The Indian Government’s focus on ‘Doubling Farmers’ Income by 2022′ is promoting the use of biofertilizers. Policies to subsidize biofertilizers and implement stringent regulations on chemical fertilizers are expected to further stimulate market growth.

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The introduction of the National Project on Organic Farming (NPOF) and Paramparagat Krishi Vikas Yojana (PKVY) schemes by the government further encourage the use of biofertilizers. These schemes aim to promote organic farming through subsidy on biofertilizers to make them more affordable for farmers. Despite the promising growth, challenges persist in the market. One of the main hurdles is the lack of awareness among farmers about the benefits of biofertilizers. The absence of standardized regulations for biofertilizers poses a challenge for market growth.

In terms of market players, several key companies are operating in the Indian biofertilizers market, including Rashtriya Chemicals and Fertilizers Limited, National Fertilizers Limited, and Madras Fertilizers Limited. These companies are constantly working on research and development to provide high-quality products that increase crop productivity and maintain soil health. Overall, the future of the biofertilizers market in India looks promising with ample growth opportunities. The need for sustainable farming practices, coupled with supportive government policies, is expected to continue to drive the market forward. However, for the market to reach its full potential, efforts are needed to increase farmer awareness and establish standardized regulations for biofertilizers.

The India Biofertilizers Market is segmented into type, mode of application, form, crop type, regional distribution, and company.

Based on form, in the Indian biofertilizers market, the liquid form of biofertilizers is currently holding a dominant position over the carrier-based form. This is mainly due to its numerous advantages. The liquid form offers easy application, allowing farmers to conveniently incorporate the biofertilizers into their agricultural practices. It ensures better microbial survival, enhancing the effectiveness of the biofertilizers in promoting plant growth. The liquid form has a longer shelf life, providing farmers with a more extended period to utilize the biofertilizers. It also boasts a higher microbial count, increasing its potency and efficacy.

This trend towards sustainable agriculture, coupled with the regulatory support, is further propelling the uptake of liquid biofertilizers in India. As farmers increasingly prioritize environmentally-friendly farming practices and governments implement policies to encourage sustainable agriculture, the demand for liquid biofertilizers continues to rise. With their multiple benefits and positive impact on crop productivity, liquid biofertilizers are becoming a preferred choice among Indian farmers.

Based on region, Northern India holds a prominent position in the Indian biofertilizers market owing to a confluence of factors that synergistically promote its growth and adoption. The region’s vast agricultural expanse, characterized by fertile lands and diverse cropping patterns, provides a fertile ground for the integration of biofertilizers into traditional farming practices. With a high population density and significant agricultural output, there’s a pressing need for sustainable agricultural solutions to enhance productivity while minimizing environmental impact.

Government policies advocating for organic farming further bolster the uptake of biofertilizers in Northern India. Subsidies, incentives, and support schemes incentivize farmers to transition towards eco-friendly alternatives, aligning with global sustainability goals and local environmental conservation efforts. Awareness campaigns and training programs conducted by government bodies and agricultural institutions enlighten farmers about the benefits of biofertilizers, empowering them to make informed choices for their crops and soil health.

The holistic approach of combining government initiatives, farmer education, and market incentives creates a conducive environment for the widespread adoption of biofertilizers in Northern India. By enhancing soil fertility, improving crop yields, and reducing reliance on synthetic inputs, biofertilizers contribute to the region’s agricultural sustainability and food security goals. In essence, Northern India emerges as a beacon of sustainable agriculture, where the embrace of biofertilizers fosters resilience, productivity, and environmental stewardship in the farming landscape.

 Major companies operating in India Biofertilizers Market are:

  • UPL Ltd.
  • T. Stanes & Company Ltd.
  • IPL Biologicals Ltd.
  • 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 Pvt. Ltd.

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“The future of the biofertilizers market in India appears highly promising, driven by the increasing adoption of sustainable agriculture practices and proactive government initiatives promoting organic farming. With Indian farmers recognizing the adverse impacts of chemical fertilizers on the environment and soil health, the demand for eco-friendly biofertilizers is expected to surge significantly. Government support through subsidies and incentives for biofertilizer production will further propel market growth.

These measures not only boost biofertilizer availability but also enhance affordability for farmers nationwide. Consequently, biofertilizers are poised to play a pivotal role in shaping the future of Indian agriculture, fostering sustainable practices that benefit both farmers and the ecosystem,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based 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 and Carrier-Based), By Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Others), By Source (Domestic and Import), By Region, Competition, Forecast & Opportunities, 2020-2030F”, 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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