India Biofertilizers Market To Establish Growth With An Impressive CAGR Until FY2027
Surging demand for higher
crop-yields is driving the growth if India Biofertilizers Market,
FY2017-FY2027.
According to
TechSci report on, “India Biofertilizers Market By Type (Nitrogen
Fixing, Phosphate Fixing, Potassium Fixing, Others), By Mode of Application
(Soil Treatment, Seed Treatment, Others), By Form (Liquid v/s Carrier-Based), By
Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables,
Others), By Source (Domestic v/s Import), By Region, Competition Forecast &
Opportunities, FY2027”, India biofertilizers 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 Biofertilizers
market owes its growth to the factors like surging demands for the organic and
environment friendly fertilizers. The deterioration of the agricultural lands
in the country due to use of chemically infused fertilizers and synthetic
fertilizers is also one of the major driving factors for the India
biofertilizers market in the upcoming five years. Advanced practices like
digital farming, precision farming, etc. are prevailing in the country, such
technical reforms are inviting more.
Moreover, rapidly increasing number of
organic farms is supporting the growth of the India biofertilizers 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 biofertilizers
market in the future five years.
Browse over XX market data Figures spread through 70 Pages and an
in-depth TOC on "India Biofertilizers Market"
The India biofertilizers market segmentation is based on type, mode of
application, form, crop type, source, regional distribution, top 3 states
analysis in each region, and competitional landscape. Based on mode of
application, the market is further bifurcated into soil treatment, seed
treatment, and others. Seed treatment is anticipated to hold the largest
revenue shares of the market and assert its dominance over the market on the
account of added benefits of induced nutritional values in the seeds. Also,
aggressive consumptions synthetic fertilizers and other related plant growing
chemicals have deteriorated the soil quality to a substantial level thereby
driving the demand for the organic products and assuring the growth of the
India biofertilizers market in the next five years.
Based on type, the market is further segmented into nitrogen fixing,
phosphate fixing, potassium fixing, and others. Phosphate fixing biofertilizers
are expected to register significant growth in the upcoming five years on the
account of surge in the demand for these biofertilizers to replenish the
contaminated and scarce soil for agriculture. These biofertilizers have the
ability to hydrolyze organic phosphate and inorganic phosphate with the
involvement of the phosphate fixing bacteria. These factors are anticipated to
drive the growth of the market segment as well as the India biofertilizers
market.
India biofertilizers market has some of the major market players leading
the market like, UPL Limited, T. Stanes & Company Limited, IPL Biologicals
Limited, 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 Private Limited, 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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“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. Usage of biofertilizers have increased in the past few years due to
increasing concerns and popularizing environmentally friendly agricultural
practices like active usage of the biofertilizers instead of chemically infused
and synthetic products. New market players must concentrate on the production
and launch of advanced biofertilizers 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 biofertilizers that replenishes the quality of the soil as well as saves
the plant against pests may aid 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 Biofertilizers Market By Type (Nitrogen
Fixing, Phosphate Fixing, Potassium Fixing, Others), By Mode of Application
(Soil Treatment, Seed Treatment, Others), By Form (Liquid v/s Carrier-Based), By
Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits &
Vegetables, Others), By Source (Domestic v/s Import), By Region, Competition
Forecast & Opportunities, FY2027” 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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