The latest report by IMARC Group, titled “India Biofertilizer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the biofertilizers market size in india. The report also includes competitor and regional analysis, and contemporary advancements in the market.
India Biofertilizer Industry Growth Analysis & Future Forecast:
The India biofertilizer market is expected to exhibit a CAGR of 15.89% during 2022-2027. Biofertilizers refer to natural fertilizers that are prepared from biological waste containing living microorganisms. The microorganisms present in these fertilizers break down complex minerals and decompose organic matter for easy absorption by plants. Additionally, they employ natural processes of solubilizing phosphorus, growth-promoting substances, and nitrogen fixation, further stimulating plant growth. Some of the common biofertilizers include azotobacter, blue-green algae (BGA), rhizobium, and azospirillum. Due to the presence of the microbes they aid in enhancing the overall soil fertility while increasing the supply of primary nutrients.
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India Biofertilizer Market Trends:
The rising environmental concerns majorly drive the Indian market. Along with this, the increasing shift toward the uptake of bio alternatives among individuals due to the rising awareness regarding the adverse effect of chemical fertilizers, including damage to the fertility of the soil, the spread of hazardous diseases, and incidences of chemicals entering the food chain, is significantly supporting its demand across the country.
Moreover, the growing health concerns encouraging the masses to adopt organic foods and agricultural products in India are creating a positive market outlook. Some other factors driving the market further include continuous improvements in the agriculture industry, extensive research and development (R&D) activities, and the increasing number of health-conscious individuals.
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Key Market Segmentation Breakup by:
- Nitrogen-Fixing Biofertilizers
- Phosphate-Fixing Biofertilizers
- Cereals and Grains
- Pulses and Oilseeds
- Fruits and Vegetables
- Phosphate Solubilizing Bacteria
Mode of Application:
- Seed Treatment
- Soil Treatment
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- 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 can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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