Quick Overview of the India Bio-Fertilizers Market Analysis
The India Bio-Fertilizers Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.
Detailed Analysis of India Bio-Fertilizers Industry (2024-30): Reveals Further Growth &Market Expansion
According to the most recent study, the India Bio-Fertilizers Market is projected to grow at a CAGR of around 8.65% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024-30.
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India Bio-Fertilizers Market Driver:
Expanding Agricultural Activities & Exports Enhancing Market Growth – In recent years, India has witnessed population growth & surge in urbanization rate. The total population of India is estimated to be around 1.42 billion in 2023, an increase of about 11 million compared to the previous year, stated the World Bank. This, is in turn, raising the demand for agricultural food products like fruits & vegetables. Hence, farming activities in India are increasing to fulfill the requirement for edible products.
The country has signed preferential trade agreements with countries like the US, the UAE, etc., owing to which it sends off a significant amount of agricultural products to these neighboring countries. The trade of the products also strengthens the economy. Therefore, during 2019-2023, the country exported higher agricultural products to rebuild its economy. Hence, to fulfill the growing local & global demand for food products, farming in India has been on the rise. Based on statistics by the Press Information Bureau (PIB), the total food grains production in FY2023 reached 329.7 million tonnes, an increase of about 14.1 million tonnes compared to the previous year. The farmers are using natural composts since these organic substances help facilitate plant growth faster & maintain the soil quality. Therefore, the rising agricultural activities within India are increasing the need for Bio-fertilizers, driving India’s Bio-fertilizer Market.
India Bio-Fertilizers Market Segmentation Analysis
-By Microorganisms
- Rhizobium
- Azospirillum
- Azotobacter
- Acetobacter
- Others (Vesicular Arbuscular Mycorrhizae (VAM), Bacillus, etc.)
-By Type
- Nitrogen Fixing
- Phosphate Solubilizing
- Others (Zinc-solubilizing, Potassium-mobilizing bio fertilizers, etc.)
-By Application
- Foliar
- Soil Treatment
- Seed Treatment
-By Crop Type
- Fruits
- Vegetables
- Cereals & Grains
- Turfs
- Ornamentals
- Other (Oil Seeds, Pulses, etc.)
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/india-bio-fertilizers-market.html
Geographical Analysis:
-By Region
- North
- East
- West
- South
Key Players and Competitive Strategies in the India Bio-Fertilizers Market
The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:
- Atom Medical Corporation
- Becton, Dickinson and Company
- Fanem
- GE Healthcare
- Koninklijke Philips N.V.
- Masimo Corporation
- Medtronic Plc
- Natus Medical Incorporated
- Nihon Kohden
- Others
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India Bio-Fertilizers Market Industry Recent Development:
- 2023: Indian Farmers Fertilizer Cooperative (IFFCO): Procured around 2,500 agri-drones to spray nano fertilizers, bio-stimulants, and bio-fertilizers to enhance plant growth in the country.
Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography and product adoption?
- How has the competition been shaping up across various regions?
- How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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