Surging demand for higher crop yields is driving the growth if India Bio Stimulants Market, FY2017-FY2027. According to TechSci report on, “India Bio Stimulants Market By Active Ingredient (Acid Based, Microbial, Seaweed Extracts, Others), By Mode of Application (Foliar, Soil, Seed), By Crop Type (Row Crops & Cereals, Fruits & Vegetables, Turf & Ornamentals, Others), By Form (Liquid v/s Dry), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, FY2027”, India biostimulants market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027.
The Important Elements of India Bio Stimulants Market
India's biostimulants market owes its growth to the factors like surging demands for organic and environment-friendly crop stimulants. The deterioration of the agricultural lands in the country due to the use of chemically infused products and synthetic plant-growing products is also one of the major driving factors for the India biostimulants market in the upcoming five years. Moreover, the rapidly increasing number of organic farms is supporting the growth of the Indian biostimulants market in the next five years. Additionally, rising concerns among the population regarding the health of the agricultural lands, crop food for consumption, and advanced farming practices are aiding the growth of the India biostimulants market in the future five years. Government initiatives and favorable policies and schemes are further stimulating the growth of the India biostimulants market in the forecast period, until FY2027.
A naturally derived additive or microorganism applied to crops to enhance nutrition efficiency, abiotic stress tolerance, and crop quality is termed a biostimulant. Application of the same to plants like fruits & vegetables, oilseeds & pulses, cereals, and other crops is beneficial in terms of higher-yielding crops. It consists of naturally occurring growth hormones and nutrition enrichment that support sustainable agricultural practices such as improved soil fertility and maintaining a natural and viable ecosystem for the soil flora and fauna.
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The India biostimulants market segmentation is based on the active ingredient, mode of application, crop type, form, source, regional distribution, top 3 states analysis in each region, and competitional landscape. Based on the mode of application, the market is further bifurcated into foliar, soil, and seed. Foliar treatment is anticipated to hold the largest revenue shares of the market and dominate the market segment on the account of its application through foliar sprays. The foliar treatment potentially maximizes the production efficiency of several crops. Its treatment has higher efficiency for high-value crops. Convenience to apply the same further aids the growth of the India bio stimulants market in the next five years. Seed treatments are a rapidly growing segment and are expected to generate the highest CAGR value on the account of increased research and technological advancement in the application of seed treatment. Moreover, the crops with seed treatment generate higher-yielding crops and thus substantiate the growth of the Indian biostimulant market in the future five years.
India biostimulants market has some of the major market
- UPL Limited
- DCM Shriram Farm Solutions
- Biostadt India Limited
- BASF India Ltd.
- T. Stanes & Company Limited
- Acadian Seaplants Ltd (ASL)
- Valagro India
- Devi Cropscience Pvt Ltd
- Sadguru Chemicals & Fertilizers
- Gayatri Herbals Pvt.Ltd, among others. Major market players are actively dedicated to the research and development of advanced products such that the consumer’s demand could be fulfilled. Consistent research ensures future launches for better products and services. With rapidly surging demand for advanced products, the new market entrants would be able to establish their brand and thus their marketplace. Other strategies include collaborations and partnerships with pre-existing market players or research institutes such that government funding can be availed for product development.
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“The current situation of using biostimulants in India for seed treatment is very limited. The lack of knowledge and awareness among the farmers and cultivators requires future improvisations. Commercially hybrid seeds are actively treated before sowing. The Indian government is launching new schemes and techniques to provide information as well as vaccination to the seeds for protection as well as to enhance their yields. Indian economy is heavily dependent on agricultural practices and the revenue thus generated. The industry is booming due to advanced and evolving agricultural practices. New market players must concentrate on the production and launch of advanced biostimulants that replenishes the soil quality of the agricultural land in the country. Government initiatives and private funding is expected to aid the market players in their brand establishment. Development of the biostimulants that replenish the quality of the soil enhances the seed quality aids latest product launch for the market players in the country,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Bio Stimulants Market By Active Ingredient (Acid Based, Microbial, Seaweed Extracts, Others), By Mode of Application (Foliar, Soil, Seed), By Crop Type (Row Crops & Cereals, Fruits & Vegetables, Turf & Ornamentals, Others), By Form (Liquid v/s Dry), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India Biostimulants market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Bio stimulants market.
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