India Biostimulants Market Size 2022-2027: Indian Farmers Fertiliser Cooperative (IFFCO), AgriLife (SOM Phytopharma (India) Limited), BASF SE, Acadian Seaplant Ltd., Isagro SPA – Gowan Company

According to MarkNtel Advisors study the India Biostimulants Market is projected to grow at a CAGR of around 15.4% during the forecast period, i.e., 2022-27.

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Key Findings of the Study: India Biostimulants market

Key Drivers

Rising Government Support to boost the Biostimulant Market in India

With the swiftly rising emissions from the agriculture sector, the government is encouraging the adoption of biostimulants to increase high-quality crop production and reduce those emissions, which are the prime efforts anticipated to drive the market in the coming years.

Growing Need for Sustainable Agriculture Practices

With the poor agriculture infrastructure & deteriorating crop quality, the need for sustainable agriculture practices is increasing, which, as a result, is bolstering the demand for biostimulants for efficient & effective crop production without the use of chemical fertilizers..

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Scope of the Report and India Biostimulants Market Segmentation:

By Type

• Acid Biostimulants
• Extract Biostimulants
• Microbial Biostimulants

By Crop Type

• Fruits
• Vegetables
• Cereals & Grains
• Turfs
• Ornamentals
• Other (Oil Seeds, Pulses, etc.) 

By Application

• Foliar
• Soil Treatment
• Seed Treatment

Of them all, the Foliar application held the largest market share & the same trend is likely to be followed in the coming years, owing to the increasing demand to maximize crop production efficiency using biostimulants through the foliar spray.

India Biostimulants Market Development:

In April 2021, the Government of India launched the Startup India Seed Fund Scheme (SISFS), with nearly USD 126 million (INR 945 crore) funding. The fund intends to financially assist several start-ups based in Tier 2 & 3 towns of India and involved in sectors like biotechnology, water management, etc.

Geographical Analysis:

By Region

• North
• East
• West
• South

Note: If you require specific information not covered in the current report, we can provide it through customized option

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