Market Overview

In 2021, the India biofertilizers market was valued at USD 99.59 million. It is projected to grow from USD 110.07 million in 2022 to USD 243.61 million by 2029, registering a compound annual growth rate (CAGR) of 12.02% during the forecast period. The COVID-19 pandemic had a significant and unexpected impact on the market, leading to a decline in demand compared to pre-pandemic expectations. Despite these challenges, the market still recorded a 7.66% growth in 2020 compared to 2019, based on our analysis.

List of Key Market Players

• UPL Limited (Mumbai, India)
• Novozyme (Bagsvared, Denmark)
• Gujarat State Fertilizers & Chemical Ltd. (Gujarat, India)
• Rallis India Limited (Mumbai, India)
• FMC Corporation (Pennsylvania, U.S.)
• National Fertilizers Limited (Noida, India)
• Indian Farmers Fertilizer Cooperative Limited (New Delhi, India)
• Madras Fertilizers Limited (Chennai, India)
• Stanes and Company Limited (Tamil Nadu, India)
• Agrinos (California, U.S.)

Segments

Type, Microorganism, Application, and Crop Type are Studied

Based on type, the market is segmented into phosphate solubilizers, nitrogen-fixing, and others. Based on microorganisms, the market is fragmented into VAM, Bacillus, Pseudomonas, Azospirillum, Azotobacter, Rhizobium, and others. Based on application, the market is divided into soil treatment, seed treatment, and others. Based on crop type, the market is classified into fruits & vegetables, pulses & oilseeds, cereals, and others.

Source: https://www.fortunebusinessinsights.com/india-biofertilizers-market-106527

Report Coverage

• It assesses various restraints and drivers of the market’s growth.
• It provides a detailed analysis of critical market segments such as type, microorganism, application, and crop type.