Report Overview:
The following report titled “India Bio-Fertilizers Market: 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.)) and other forecast 2023-2028” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
India Bio-Fertilizers Market Summary
The India Bio-Fertilizers Market is projected to grow at a CAGR of around 11.0% during the forecast period, i.e., 2023- 28. In 2017, India had 532 biofertilizer manufacturing units that have got upgraded to around 600-65 units. However, this capacity remains underutilized when compared with the total annual production. This is especially true of carrier-based solid biofertilizer capacity as its utilization stood at 59 percent in 2017–18, 36 percent in 2018–19, 39 percent in 2019–20, and 65 percent in 2020–21, cites the Ministry of Agriculture and Farmers’ Welfare. Although the market witnessed a sharp decline in 2020, the dynamics have gradually changed in 2021.
Report Coverage & Details
- Forecast Period: 2023–2028
- Base Year: 2022
- CAGR: 11.0%
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India Bio-Fertilizers Market Driver:
To provide enough food for the residing people, India's growing population has put tremendous pressure on agricultural lands and other resources. The increased use of chemical fertilizers in agriculture may result in the production of enough food for the nation, but at the same time, it adversely impacts the environment and the health of living things. Therefore, the use of biological fertilizers has significantly expanded over the past several years in an attempt to reduce the use and detrimental effects of chemical fertilizers in agriculture.
Segmentation Analysis: India Bio-Fertilizers Market
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
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Leading Players Analysis: India Bio-Fertilizers Market
The report provides detailed analysis of key players in the India Bio-Fertilizers market, highlighting their strategies and competitive scenario.
- 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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