India Bio-Fertilizers Market is expected to grow at 11% CAGR from 2023 to 2028– MarkNtel Advisors
The research report offered by MarkNtel Advisors on India Bio-Fertilizers Market presents comprehensive insights into the industry dynamics & its diverse fragmentations. With a thorough & detail-driven examination of the industry alongside elements like drivers, restraints, opportunities, challenges, key trends, & recent developments, the report seeks to pinpoint possible factors influencing the overall expansion.
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Market Outlook
Outlook on the Market is ever-changing and often unpredictable, and our report entices favorable outcomes for not only investors but also consumers. As consumers, they must constantly adapt to these changes and trends so in order to stay knowledgeable on what products and services are currently in demand. Likewise, investors in the industry also need to remain alert and responsive to these shifts as they can greatly impact the success or failure of their ventures. Our reports cover it all, and our analysts at Markntel Advisors compile reliable, unbiased, & accurate data for the stakeholders, advising them about the fluctuations in the industry and subsequently enabling them to make informed decisions.
Enlisting the Market Segments
The India Bio-Fertilizers Market is highly fragmented & dynamic. Hence, we have sectioned the report into chapters and revealed data on each segment across different locations. It shall allow the investors to make strategic moves & targets utilizing the information and yield higher profits. The market is classified on the basis of the following:
In Terms of Segment, By Microorganisms
-Rhizobium
-Azospirillum
-Azotobacter
-Acetobacter
-Others (Vesicular Arbuscular Mycorrhizae (VAM), Bacillus, etc.)
In Terms of Segment, By Type
-Nitrogen Fixing
-Phosphate Solubilizing
-Others (Zinc-solubilizing, Potassium-mobilizing bio fertilizers, etc.)
In Terms of Segment, By Application
-Foliar
-Soil Treatment
-Seed Treatment
In Terms of Segment, By Crop Type
-Fruits
-Vegetables
-Cereals & Grains
-Turfs
-Ornamentals
-Other (Oil Seeds, Pulses, etc.)
In Terms of Segment, By Region
-North
-East
-West
-South
Tamil Nadu was responsible for nearly half of the carrier-based fertilizer production in India in 2020–21. It was followed by Gujarat, Maharashtra, Uttar Pradesh and Haryana with about 14 per cent, 12 per cent, 10 per cent and 6 percent share in the production respectively. Together these five states were responsible for over 90 per cent of India’s carrier-based fertilizer production, says Centre for Science and Environment (CSE).
According to the government data published in “The State of Biofertilizers and Organic Fertilizers in India”, Between 2018–19 and 2020–21, production of carrier-based fertilizers has grown by 1,438 per cent in Tamil Nadu, followed by 460 per cent in Uttar Pradesh, 300 per cent in Haryana, 98 per cent in Rajasthan and 80 per cent in Gujarat. Production of carrier-based fertilizers grew by 29 per cent in Punjab between 2018–19 and 2019–20. Tripura and Himachal Pradesh also witnessed a high growth rate in the production of carrier-based fertilizers, but over a low production volume. On the other hand, production has dropped in Andhra Pradesh, Delhi, Chandigarh, Chhattisgarh, Karnataka, Kerala, Madhya Pradesh, Manipur, Mizoram, Odisha, Puducherry and Telangana from the 2018–19 levels.
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Market Players Shaping the Competitive Landscape
The emergence of new competitors in the India Bio-Fertilizers Market is propelling the competition among players. These players are contributing to rapid growth within the industry, which is due to several key factors. The increasing importance of product/service and its impact on business performance is one of the most significant factors driving market growth in the long run. Moreover, the growing demand for sustainable and innovative products and services has generated further industry expansion. Overall, these trends have resulted from an increasingly competitive market environment. The prominent players in the market across the region are:
-Indian Farmers Fertilizer Cooperative (IFFCO)
-AgriLife (SOM Phytopharma (India) Limited)
-Valagro Inc.
-Bayers AG
-Koppert Biological Systems
-United Phosphorus Ltd
-Hifield Organics Inc.
-Biostadt India Limited
-Sushila Biofertilizer Company P. Limited
-National Fertilizers Limited
-IPL Biologicals Limited
-Sri Vijaya Bio Fertilizers (India) Pvt. Ltd
-Others
Scrutinizing the competition is an opportunity to discover new strategies, examine customer trends and determine to price. Additionally, measuring market share over time can give indications of overall growth and development in a specific industry. Therefore, for long-term success, it is crucial to engage in regular market share analysis and consistent analysis of the competitive landscape.
Customization Available
Keeping up with the market can be a continuous process, but it is equally crucial for staying ahead of the game and making informed decisions. And we at Marnkntel Advisors ensure that you, as an investor, business, or individual, outperform and gain a competitive edge. For this, we also offer customization services suiting your needs pertaining to a specific segment, geographies, and market players, among others.
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