Biofertilizer Market in India 2024: Industry Size, Growth and Research Report 2032

India Biofertilizer Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 12.1% (2024-2032)

Market Size in 2023: USD 127.5 Million

Market Size in 2032: USD 356.7 Million

The biofertilizer market in India is rapidly expanding, driven by sustainable agriculture practices and demand for eco-friendly farming solutions. According to the latest report by IMARC Group, the market reached USD 127.5 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 356.7 Million by 2032, exhibiting a growth rate (CAGR) of 12.1% during 2024-2032.


India Biofertilizer Market Trends and Drivers:

The growing consciousness as well as the need for sustainable agricultural practices are the factors responsible for the growth of the India biofertilizer market. Additionally, as concerns over soil health, environmental impact, and the long-term sustainability of chemical fertilizers rise, farmers are highly turning to biofertilizers as a natural alternative. These organic fertilizers enhance soil fertility by promoting the growth of beneficial microorganisms, which in turn improve nutrient availability to plants.

Moreover, the government authorities of India are actively promoting the use of biofertilizers through various schemes and subsidies as part of its broader strategy to encourage organic farming and reduce the dependency on chemical inputs. The rising consumer need for organic food is also pushing farmers to adopt biofertilizers, further driving market expansion. 

Another significant trend in the India biofertilizer market is the growing focus on research and development, leading to the introduction of more effective and specialized products. Advances in biotechnology are enabling the development of biofertilizers tailored to specific crops and soil types, enhancing their efficacy and adoption among farmers. Furthermore, the increasing availability of biofertilizers through organized retail channels, including cooperatives and online platforms, is improving accessibility for farmers across the country.

The shift towards integrated nutrient management practices, which combine biofertilizers with chemical fertilizers to optimize crop yield and soil health, is also gaining traction. The supportive policies made by government authorities and the growing emphasis on sustainable agriculture are expected to continue driving the India biofertilizer market in the coming years.

Get the sample copy of the Report: https://www.imarcgroup.com/india-biofertilizer-market/requestsample

India Biofertilizer Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Nitrogen-Fixing Biofertilizers
  • Phosphate-Fixing Biofertilizers
  • Others

Breakup by Crop:

  • Cereals and Grains
  • Pulses and Oilseeds
  • Fruits and Vegetables
  • Others

Breakup by Microorganism:

  • Cyanobacter
  • Rhizobium
  • Phosphate Solubilizing Bacteria
  • Azotobacter
  • Others

Breakup by Mode of Application:

  • Seed Treatment
  • Soil Treatment
  • Others 

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=5519&flag=C

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

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