Market Overview

The India biofertilizers market was valued at USD 99.59 million in 2021 and is projected to grow from USD 110.07 million in 2022 to USD 243.61 million by 2029, reflecting a CAGR of 12.02% over the forecast period. The COVID-19 pandemic had a significant impact on the market, leading to lower-than-expected demand compared to pre-pandemic levels. However, despite these challenges, the market still recorded a 7.66% growth in 2020 compared to 2019.

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

On the basis of type, the market is segmented into phosphate solubilizers, nitrogen fixing, and others. On the basis of microorganism, the market is fragmented into VAM, Bacillus, Pseudomonas, Azospirillum, Azotobacter, Rhizobium, and others. On the basis of application, the market is divided into soil treatment, seed treatment, and others. On the basis of 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 market’s growth.
• It provides a detailed analysis of critical market segments such as type, microorganism, application, and crop type.