Future India Bio-Fertilizer Market: Key Dynamics, Size & Share Analysis

The India Bio-Fertilizer market size is estimated to grow at a CAGR of about 8.65% during the forecast period 2024-30.

Top Driver Impacting the India Bio-Fertilizer Market Growth

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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Understanding the Core Segments in the India Bio-Fertilizer Market

India Bio-Fertilizer Market Size, Share & Industry Trends Analysis - 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.)), and Others

Geographical Analysis of the Smart Irrigation Market

-By Region

  • North
  • East
  • West
  • South

Who Dominates the India Bio-Fertilizer Market Insights on Key Industry Players?

Companies are strengthening their presence in the India Bio-Fertilizer market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services

  • 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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