India Biostimulants Market Overview: 2022-2027
Base Year: 2021
Historical Years: 2017-20
Forecast Years: 2022-2027
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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India Biostimulants Market Dynamics: 2022-2027
Market Dynamics:
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.
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India Biostimulants Market (2022-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Type
-Acid Biostimulants
-Extract Biostimulants
-Microbial Biostimulants
By Crop Type
-Fruits
-Vegetables
-Cereals & Grains
-Turfs
-Ornamentals
-Other (Oil Seeds, Pulses, etc.)
Of them all, Fruits & Vegetables are anticipated to capture a combined consequential market share.
By Application
-Foliar
-Soil Treatment
-Seed Treatment
By Region
-North
-East
-West
-South.
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Top Companies Operating in the India Biostimulants Market:
Indian Farmers Fertiliser Cooperative (IFFCO), AgriLife (SOM Phytopharma (India) Limited), BASF SE, Acadian Seaplant Ltd., Isagro SPA – Gowan Company, Valagro Inc., Bayer AG, Koppert Biological Systems, Eastman Chemical Company., United Phosphorus Ltd, Hifield Organics Inc., Biostadt India Limited, Tradecorp APC Pty Ltd.
Recent Developments in India Biostimulants Market
- 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.
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