India Bio Stimulants Market To Establish Growth With An Impressive CAGR Until FY2027
Surging demand for higher
crop-yields is driving the growth if India Bio Stimulants Market,
FY2017-FY2027.
According to
TechSci report on, “India Bio Stimulants Market By Active Ingredient
(Acid Based, Microbial, Seaweed Extracts, Others), By Mode of Application
(Foliar, Soil, Seed), By Crop Type (Row Crops & Cereals, Fruits &
Vegetables, Turf & Ornamentals, Others), By Form (Liquid v/s Dry), By
Source (Domestic v/s Import), By Region, Competition Forecast &
Opportunities, FY2027”, India bio stimulants market
has shown promising growth in historical years until FY2020 and is expected to
continue its growth in upcoming forecast years FY2023 to FY2027. India bio stimulants
market owes its growth to the factors like surging demands for the organic and
environment friendly crop stimulants. The deterioration of the agricultural
lands in the country due to use of chemically infused products and synthetic plant
growing products is also one of the major driving factors for the India bio
stimulants market in the upcoming five years. Moreover, rapidly increasing
number of organic farms is supporting the growth of the India bio stimulants
market in the next five years. Additionally, rising concerns among the
population regarding health of the agricultural lands, crop food for
consumption, and advanced farming practices is aiding the growth of the India bio
stimulants market in the future five years. Government initiatives and
favorable policies and schemes are further stimulating the growth of the India
bio stimulants market in the forecast period, until FY2027.
A naturally derived additive or
microorganism applied to crops to enhance nutrition efficiency, abiotic stress
tolerance, and crop quality is termed as bio stimulant. Application of the same
to plants like fruits & vegetables, oilseeds & pulses, cereals and
other crops is beneficial in terms of higher yielding crops. It consists of
naturally occurring growth hormones and nutrition enrichment that support
sustainable agricultural practices such as improved soil fertility and
maintaining a natural and viable ecosystem for the soil flora and fauna.
Browse over XX market data Figures spread through 70 Pages and an
in-depth TOC on "India Bio stimulants Market"
The India bio stimulants market segmentation is based on active
ingredient, mode of application, crop type, form, source, regional
distribution, top 3 states analysis in each region, and competitional
landscape. Based on mode of application, the market is further bifurcated into foliar,
soil, seed. Foliar treatment is anticipated to hold the largest revenue shares
of the market and dominate the market segment on the account of its application
through foliar sprays. The foliar treatment potentially maximizes the
production efficiency in several crops. Its treatment has higher efficiency for
high-value crops. Convenience to apply the same further aids the growth of the
India bio stimulants market in the next five years. Seed treatments are rapidly
growing segment and is expected to generate highest CAGR value on the account
of increased research and technological advancement in the application of seed
treatment. Moreover, the crops with seed treatment generates higher yielding
crops and thus substantiate the growth of the India bio stimulant market in the
future five years.
India bio stimulants market has some of the major market players leading
the market like, UPL Limited, DCM Shriram Farm Solutions, Biostadt India
Limited, BASF India Ltd., T. Stanes & Company Limited, Acadian Seaplants
Ltd (ASL), Valagro India, Devi Cropscience Pvt Ltd, Sadguru Chemicals &
Fertilizers, Gayatri Herbals Pvt.Ltd, among others. Major market players are
actively dedicated in the research and development of the advanced products
such that the consumer’s demand could be fulfilled. Consistent research ensures
the future launches for the better products and services. With rapidly surging
demand for the advanced products, the new market entrants would be able to
establish their brand and thus their market-place. Other strategies include
collaborations and partnerships with the pre-existing market players or the
research institutes such that government funding can be availed for the product
development.
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“The current
situation of using bio stimulants in India for seed treatment is very limited.
The lack of knowledge and awareness among the farmers and cultivators, require
future improvisations. Commercially hybrid seeds are actively treated before
sowing. Indian government is launching new schemes and techniques to provide
information as well as the vaccination to the seeds for the protection as well
as to enhance their yields. Indian economy is heavily dependent on the
agricultural practices and the revenue thus generated. The industry is booming
due to advanced and evolving agricultural practices. New market players must
concentrate on the production and launch of advanced bio stimulants that
replenishes the soil quality of the agricultural land in the country.
Government initiatives and private funding is expected to aid the market
players in their brand establishment. Development of the bio stimulants that
replenishes the quality of the soil enhances the seed quality aids latest
product launch for the market players in the country,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“India Bio Stimulants Market By Active Ingredient
(Acid Based, Microbial, Seaweed Extracts, Others), By Mode of Application
(Foliar, Soil, Seed), By Crop Type (Row Crops & Cereals, Fruits &
Vegetables, Turf & Ornamentals, Others), By Form (Liquid v/s Dry), By
Source (Domestic v/s Import), By Region, Competition Forecast &
Opportunities, FY2027” has evaluated the future growth
potential of India Bio stimulants 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 Bio stimulants market.
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