The Indian bio-fertilizer market is expected to grow by approximately 11% CAGR during 2023-28, predicts MarkNtel Advisors in their recent research study. It includes an in-depth analysis of the latest market trends, developments, drivers, restraints, challenges, and opportunities, along with a projection of market growth across various segments and regions over the next few years.
This study also provides detailed industry analysis including market size, revenue distribution and expansion prospects, considering all relevant market segments and statistical information. The study analyzes the size, characteristics and growth of the market based on the different types of segments discussed. The market development status and market trends are also studied in the report. Further, it divides the market into categories for detailed analysis that reveals market characteristics and future possibilities.
The highlights of the market report:
➤ Market assessment
➤Impact analysis for COVID
➤Historical data, projections and estimates
➤Regional and Dynamic
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- Growing awareness of the negative effects of chemical agricultural inputs
India’s growing population has put tremendous pressure on agricultural land and other resources to provide enough food for the people. The increased use of chemical fertilizers in agriculture may result in enough food for the nation, but it has a negative impact on the environment and the health of living things. As a result, the use of organic fertilizers has increased significantly in recent years with the aim of reducing the use and negative effects of chemical fertilizers in agriculture.
Constraints to the growth of the bio-fertilizer market in India –
- Lack of technical know-how and inadequate infrastructure development
During the forecast period, technological and infrastructural restraints are likely to restrain the growth of the market. Lack of technical support, as well as insufficient funds for infrastructure development, may limit market growth. Although the application of the product is long-term and profitable, there are many constraints such as lack of awareness, insufficient funds or financing, and low human resources that can impact the market maturation in the years. coming.
India Bio-Fertilizer Market Segment Analysis –
The segmentation analysis section of the report focuses on the performance of the Indian bio-fertilizer market in various segments and geographies, which can help stakeholders plan their investments to increase their visibility, product portfolio and their customer base, which will ultimately lead to significant revenue generation. in the forecast years.
Market distributed in, By microorganisms
-Other (Vesicular Arbuscular Mycorrhizae (VAM), Bacillus, etc.)
Market distributed in, By type
-Solubilization of phosphates
-Other (Organic fertilizer solubilizing zinc, mobilizing potassium, etc.)
Market distributed in, By request
Market distributed in, By crop type
-Cereals and Cereals
-Other (oilseeds, pulses, etc.)
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Regional landscape –
With regard to the geographical front, the Indian bio-fertilizer market extends into the following region:-
The effect of COVID-19 on market demand is considered while determining market size and growth trends for all regions and countries based on the following information:
- ➤Assessment of the global and regional impact of the COVID-19 pandemic
- ➤ Market revenue forecast by 2022-2027
- ➤ Key Strategies Employed by Businesses to Fight COVID-19
- ➤Long-term and short-term dynamics
This section contains comprehensive data on a number of key market competitors along with information on recent changes, market contributions, and effective marketing methods. The report also provides a dashboard summarizing the historical and current performance of major companies. The research report uses a number of approaches and analyzes to offer comprehensive and reliable market data. The market study provides market growth prospects, drivers, opportunities, industry specific risks and challenges, market shares and market growth rates.
In a fluent manner, the study also touches on major financial transactions, import-export trade, and the state of global markets. Industry-specific SWOT analysis, industry concentration ratio, and most recent market share changes are all presented statistically in tables, figures, graphs, and charts for easy understanding.
Leading companies reviewed in the India Bio-Fertilizer Market report are:-
-Indian Farmers Fertilizer Cooperative (IFFCO)
-AgriLife (SOM Phytopharma (India) Limited)
-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
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Note: MarkNtel Advisors also offers custom reports where our dedicated analysts and domain-specific specialists strive to add value while curating bespoke reports to meet various client requirements so they can take sound decisions before investing in the industry.
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