Market Overview

The India biofertilizers market size is anticipated to hit USD 243.61 million by 2029 and exhibit a CAGR of 12.02% during the forecast period.

The increasing awareness of the side effects of chemical agri-inputs is expected to be the prime growth driver for the market. Fortune Business InsightsTMhas presented this information in its report titled, “India Biofertilizers Market, 2022-2029”. The market size stood at USD 99.59 million in 2021 and USD 110.7 million in 2022.

Additionally, the growing technological developments in product manufacturing are anticipated to positively influence the market growth in the coming years.

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