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The India biofertilizer market is expected to exhibit a CAGR of 15.89% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the India biofertilizer market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type, crop, microorganism and mode of application.
Breakup by Type:
Breakup by Crop:
Breakup by Microorganism:
Breakup by Mode of Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|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
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|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)|
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