According to the latest report by IMARC Group, titled “India Biofertilizer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the India biofertilizer market size reached US$ 111.3 Million in 2022. Biofertilizer is a natural substance containing living microorganisms that enhance soil fertility and promote plant growth. These microorganisms, such as bacteria, fungi, and algae, have beneficial interactions with plants and contribute to nutrient cycling in the soil. It is used as an eco-friendly alternative to chemical fertilizers, as they improve soil health and plant nutrition while reducing environmental impact. It enhances soil structure and fertility, leading to improved water-holding capacity and nutrient availability. It also helps suppress soil-borne diseases and improve plant resistance to pathogens. Additionally, it contributes to sustainable agriculture practices by reducing the dependency on chemical fertilizers, minimizing environmental pollution, and promoting soil biodiversity. It provides an effective means to promote sustainable and environmentally friendly agriculture while supporting healthy plant growth and soil ecosystems.
India Biofertilizer Market Trends:
The India biofertilizer market is driven by the increasing awareness about the harmful effects of chemical fertilizers on the environment and human health. As consumers become more conscious of the impact of conventional farming methods, there is a growing preference for organic and natural alternatives. Moreover, the rising need to improve soil health and fertility is supporting the market as biofertilizers offer a sustainable solution by replenishing essential nutrients, improving soil structure, and enhancing microbial activity. Furthermore, the growing population and the subsequent need for higher agricultural productivity are augmenting the demand for biofertilizers as they offer a viable alternative by providing a balanced nutrient supply and stimulating plant growth, leading to improved crop productivity. Besides, rising government initiatives and policies promoting sustainable agriculture and organic farming practices are creating a positive market outlook. Looking forward, the market value is projected to reach US$ 221.4 Million by 2028, expanding at a CAGR of 12.5% during 2023-2028.
- Based on the type, the market has been segmented into nitrogen-fixing, phosphate-fixing, and other biofertilizers.
- On the basis of the crop, the market has been divided into cereals and grains, pulses and oilseeds, fruits and vegetables, and others.
- Based on the microorganism, the market has been bifurcated into cyanobacter, rhizobium, phosphate solubilizing bacteria, azotobacter, and others.
- On the basis of the mode of application, the market has been divided into seed, soil, and other treatments.
- Region-wise, the market has been segmented into North India, West and Central India, South India, and East India.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
|Base Year of the Analysis
| Historical Period
||Type, Crop, Microorganism, Mode of Application, Region
||North India, West and Central India, South India, East India
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