Indian biofertilizer market is expected to grow at a CAGR of 15.89% during the period 2022-2027

The latest report from the IMARC group, titled “Biofertilizers Market in India: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, offers a comprehensive industry analysis, which includes insights into the Indian biofertilizer market. The report also includes competitor and regional analysis, as well as contemporary market advancements.

The Indian biofertilizer market is expected to show a CAGR of 15.89% during the period 2022-2027. Biofertilizers refer to natural fertilizers made from biological waste. Some commonly used biofertilizers include rhizobium, azotobacter, azospirillum, and blue-green algae (BGA). They contain live microbes that help break down organic matter and mineralize the soil by breaking down complex minerals and making it easier for plants to uptake them. Unlike chemical fertilizers which provide direct nutrition to plants, biofertilizers help improve overall soil fertility and enrich the soil with nutrients to promote healthy plant growth. They prevent the growth of pathogens, thereby eliminating crop diseases and stimulating the growth of seeds, plants and soil by providing nitrogen (N), phosphorus (P) and other nutrients. In recent years, biofertilizers have gained immense popularity in India due to their environmental friendliness, durability and cost effectiveness.

We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Important Attribute and Report Highlights:

  • Detailed market share analysis
  • Market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Latest industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings

Biofertilizer Market Trends in India:

Chemical fertilizers can enter the food chain, harming soil fertility and spreading dangerous diseases. As a result, growing environmental concerns and growing awareness of the harmful effects of chemical fertilizers are the main factors driving the demand for biofertilizers in India to escalate. In addition, the emerging trend of organic farming is another major growth factor. Moreover, with the increase in food demand and expanding population across the country, the Government of India (GOI) is focusing on improving food cultivation techniques. In this light, several favorable initiatives undertaken by government agencies to educate farmers on the benefits of sustainable farming practices and organic agrochemicals to improve overall yield have positively influenced the growth of the market. Moreover, the changing inclination towards organic food products and chemical-free products due to the growing health consciousness of consumers has increased the demand for biofertilizers. Other factors including significant growth in the agricultural sector, changing lifestyle preferences, swelling consumer spending capacities, increasing adoption of modern farming methods, technological advancements and product innovations, also give a positive impetus to the growth of the market.

Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/india-biofertilizer-market

Key Market Segmentation:

Breakdown by type:

  • Nitrogen-fixing biofertilizers
  • Phosphate-fixing biofertilizers
  • Others

Breakdown by crop:

  • Cereals and grains
  • Pulses and oilseeds
  • Fruits and vegetables
  • Others

Rupture by microorganism:

  • Cyanobacteria
  • Rhizobia
  • Phosphate-solubilizing bacteria
  • Azotobacteria
  • Others

Breakdown by mode of application:

  • Seed treatment
  • Soil treatment
  • Others

Competitive Landscape:

The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.

Breakdown by region:

  • North India
  • West and Central India
  • South India
  • Eastern India

Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Impact of COVID-19 on the market
  • Porter’s Five Forces Analysis
  • Historical, current and future market trends
  • Market drivers and success factors
  • SWOT analysis
  • Market structure
  • Value chain analysis
  • Complete mapping of the competitive landscape

Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.

About Us

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

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