India Organic Fertilizer Market is expected to show robust growth due to growing demand for higher-yielding crops in the forecast period, FY2017-FY2027. According to TechSci report on, “India Organic Fertilizer Market, By Region, Competition Forecast & Opportunities, FY2017 - FY2027”. India organic fertilizer market has shown promising growth in historical years until FY2021 and is expected to continue its growth in the upcoming forecast years FY2023 to FY2027. India organic fertilizer market owes its growth to the factors like surging demand for organic Agro products.
The Important Elements of India Organic Fertilizer Marke
Increasing demand for organic food products and increased use of organic plant growth enhancers for keeping crop agricultural chemicals free, is driving the growth of the India organic fertilizer market in the upcoming five years. Also, the surge in research and innovative product development is driving the market growth. Rising concerns regarding the excessive use of chemically infused Agro products, to enhance the yields of crops and thus growing toxicity in the environment are supporting the growing demands for organic fertilizers and supporting the growth of the India organic fertilizer market in the next five years. Chemical often utilized in the ingredients of chemical fertilizers, often follows the run-off during the watering of agricultural fields. These toxins if gets absorbed by the soil increase its salinity or affect its potency for crop growth drastically. If these toxic chemicals enter the water bodies, they have affected marine lives and may instigate conditions of bioaccumulation, that affect human lives too indirectly.
Government policies, favorable schemes, tax incentives for the farmers, increasing investment in the agricultural sector, and initiatives like promoting made-in-India products, may further support the growth of the India organic fertilizer market in the future five years. Health-conscious consumers in the country are actively choosing natural, and organic food products after learning the harmful effects of chemically infused fertilizers and thereby substantiating the growth of the India organic fertilizer market in the forecast years through 2027.
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The India organic fertilizer market segmentation is based on origin, crop type, source, regional distribution, and competitional landscape. Based on origin, the market is further segmented into animal, plant, and mineral. Animal-based organic fertilizers have led the market growth in previous years, and it is anticipated to hold the largest revenue shares of the market and thus dominate the market segment in the upcoming five years too. Animal-based organic fertilizers are higher in demand due to the advantage of all major nutrients in the product. High nutritional value, quicker effects of the fertilizer on plant growth, and lower quantity requirements are driving the growth of the India organic fertilizer market. Also, due to high cases of cattle rearing and growing animal farming provides the raw material or the organic fertilizer manufacturing thereby supporting the growth of the India animal-based organic fertilizer market in the future five years.
By form, the market is divided between dry and liquid forms of organic fertilizers. Dry forms of organic fertilizers are anticipated to hold the largest revenue shares of the market and dominate the market segment in the next five years on account of the rising adoption of the dry forms of organic fertilizers in lawn and garden applications. The long-lasting effects, high efficiency in all climatic conditions, and abundant and easy availability of raw materials required are some of the other advantages because of which the dry form is more preferential among the consumers over the liquid form. The liquid form of organic fertilizers may also register significant growth in the upcoming five years due to their higher efficiency, uniformity in the application, high absorbability, and easy & cost-effective application.
A partial list of market players in the field includes:
- Indian Farmers Fertiliser Cooperative Limited
- Krishak Bharati Cooperative Limited
- National Fertilizers Limited
- Tata Chemicals Limited
- Coromandel International Limited
- IPL Biologicals Limited
- Southern Petrochemical Industries Corporation (SPIC) Limited
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“Government initiatives toward the growing agricultural industry is a major market driving factor. Schemes like Paramparagat Krishi Vikas Yojana, Pradhan Mantri Kisan Samman Nidhi Yojana, etc. provide technologically advanced Agro commodities and higher investment strategies. The schemes also finance the farmers in the country so that they can afford better seeds, fertilizers, pesticides, etc., and increase their crop yields. Moreover, government involvement with increasing food safety and quality assurance mechanisms through Total Quality Management (TQM) including ISO 9000, ISO 22000, Hazard Analysis and Critical Control Points (HACCP), Good Manufacturing Practices (GMP), and Good Hygienic Practices (GHP) by the food processing industry would offer opportunities for the growth in the industry and indirectly aiding the growth of the India organic fertilizer market in the future five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Organic Fertilizer Market By Origin (Animal, Plant, Mineral), By Form (Dry v/s Liquid), By Crop Type (Cereals & Grains, Oilseed & Pulses, Fruits & Vegetables, Others), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India organic fertilizer 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 organic fertilizer market.
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