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India Biofertilizer Market Report by Type (Nitrogen-Fixing Biofertilizers, Phosphate-Fixing Biofertilizers, and Others), Crop (Cereals and Grains, Pulses and Oilseeds, Fruits and Vegetables, and Others), Microorganism (Cyanobacter, Rhizobium, Phosphate Solubilizing Bacteria, Azotobacter, and Others), Mode of Application (Seed Treatment, Soil Treatment, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112023A5519
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Market Overview:
The India biofertilizer market size reached US$ 127.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 356.7 Million by 2032, exhibiting a growth rate (CAGR) of 12.1% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 127.5 Million |
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Market Forecast in 2032
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US$ 356.7 Million |
| Market Growth Rate 2024-2032 | 12.1% |
Biofertilizers are natural fertilizers containing living microorganisms. Some of the common biofertilizers include rhizobium, azotobacter, azospirillum, and blue-green algae (BGA). They are applied to soil and seed, wherein the microbes colonize the rhizosphere of the plant to increase the supply of primary nutrients. Along with this, they employ natural processes of nitrogen fixation, solubilizing phosphorus, and growth-promoting substances, which, in turn, stimulates plant growth. As compared to chemical fertilizers, biofertilizers restore the natural nutrient cycle of the soil, build organic matter, and enhance the sustainability and health of the soil. Apart from this, they are eco-friendly and cost-effective, due to which they are extensively used in organic farming practices.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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India Biofertilizer Market Trends:
One of the major factors driving the India biofertilizers market growth is the increasing health awareness and rising environmental concerns. Chemical fertilizers can enter the food chain, damage the fertility of the soil, and spread hazardous diseases, which has prompted farmers to shift toward their bio alternatives. Other than this, the escalating demand for organic food products has resulted in the widespread adoption of organic-based farming techniques, which is fueling the market growth. Additionally, due to the rising population, the Government of India (GoI) is undertaking several initiatives for improving the food cultivation methods to meet the increasing food demand, which, in turn, is strengthening the market growth across the country.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India biofertilizer market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type, crop, microorganism and mode of application.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Nitrogen-Fixing Biofertilizers
- Phosphate-Fixing Biofertilizers
- Others
Breakup by Crop:
- Cereals and Grains
- Pulses and Oilseeds
- Fruits and Vegetables
- Others
Breakup by Microorganism:
- Cyanobacter
- Rhizobium
- Phosphate Solubilizing Bacteria
- Azotobacter
- Others
Breakup by Mode of Application:
- Seed Treatment
- Soil Treatment
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Segment Coverage | Type, Crop, Microorganism, Mode of Application, Region |
| Region Covered | North India, West and Central India, South India, East India |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the India biofertilizer market to exhibit a CAGR of 12.1% during 2024-2032.
The escalating demand for organic fruits and vegetables, along with growing awareness regarding the harmful effects of chemical fertilizers, is primarily driving the India biofertilizer market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in the temporary halt in various agricultural activities, owing to the unavailability of labors, transportation barriers, restriction for market access, and supply chain disruptions for biofertilizers.
Based on the type, the India biofertilizer market has been divided into nitrogen-fixing biofertilizers, phosphate-fixing biofertilizers, and others. Among these, nitrogen-fixing biofertilizers currently exhibit a clear dominance in the market.
Based on the crop, the India biofertilizer market can be categorized into cereals and grains, pulses and oilseeds, fruits and vegetables, and others. Currently, cereals and grains account for the majority of the total market share.
Based on the microorganism, the India biofertilizer market has been segregated into cyanobacter, rhizobium, phosphate solubilizing bacteria, azotobacter, and others. Among these, cyanobacter currently holds the largest market share.
Based on the mode of application, the India biofertilizer market can be bifurcated into seed treatment, soil treatment, and others. Currently, seed treatment exhibits a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where North India currently dominates the India biofertilizer market.
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