India Biofertilizer Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 138 Million |
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Market Size (2029) | USD 213.9 Million |
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Largest Share by Form | Mycorrhiza |
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CAGR (2024 - 2029) | 9.15 % |
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Fastest Growing by Form | Rhizobium |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Biofertilizer Market Analysis
The India Biofertilizer Market size is estimated at 138 million USD in 2024, and is expected to reach 213.9 million USD by 2029, growing at a CAGR of 9.15% during the forecast period (2024-2029).
138 Million
Market Size in 2024 (USD)
213.9 Million
Market Size in 2029 (USD)
6.80 %
CAGR (2016-2023)
9.15 %
CAGR (2024-2029)
Largest by Form
49.17 %
value share, Mycorrhiza, 2023
The mycorrhizal association helps boost phosphorus, other nutrients, and water absorption from the soil, supporting plant growth and development and increasing yield.
Fastest by Form
11.23 %
Projected CAGR, Rhizobium, 2024-2029
Rhizobium's symbiotic association with some species of legume crops can fix 200-300 kilograms of nitrogen per year and can reduce dependence on chemical nitrogen fertilizers.
Largest by Crop Type
88.48 %
value share, Row Crops, 2023
The dominance of row crops is mainly due to their large organic cultivation areain the country, which accounted for about 59.8% of the total organic crop area in 2022.
Fastest by Crop Type
9.18 %
Projected CAGR, Row Crops, 2024-2029
There is an increasing trend in the overall organic row crop area in the country, which has increased from 409.2 thousand hectares in 2017 to 424.4 thousand hectares in 2021.
Leading Market Player
1.86 %
market share, Indian Farmers Fertiliser Cooperative Limited, 2022
The biofertilizer products offered by the company are compatible with all types of crops like cereals, horticultural crops and cash crops sold under the IFFCO brand name
- Biofertilizers are organic substances with living microorganisms that promote plant growth. The Indian biofertilizer market value increased by about 11.0% between 2017 to 2021, which can be attributed to various reasons like the increasing awareness among farmers, the increasing overall registered organic farms in India, and a shift in demand for organically or sustainably grown commodities. India ranks fifth in terms of world organic agriculture land and first in terms of the total number of producers as of 2021.
- Mycorrhizal-based biofertilizers dominated the market, which was valued at USD 57.5 million in 2022. This is mainly due to the mycorrhizal association holding the ability to boost phosphorus, other nutrients, and water absorption from the soil, supporting plant growth and development and increasing yield. It also helps the plant fight against adverse soil conditions. However, Rhizobium and Azospirillum-based biofertilizer market values are anticipated to grow at faster rates compared to other biofertilizers.
- The consumption of biofertilizers is dominant in row crops, and it accounted for about 88.5% of the market value in 2022. The dominance of row crops is mainly due to their large cultivation area in the country, which accounted for about 59.8% of the total organic crop area in the same year.
- There is a huge demand for organic products both in domestic and international markets. The overuse of chemical fertilizers is one of the major challenges in the country. The Indian government is promoting sustainable or organic cultivation practices through various schemes or programs by providing incentives for biofertilizers, which would drive the market between 2023 and 2029.
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India Biofertilizer Market Trends
Growing number of organic producers helping the increase in area under organic cultivation, primarily in row crops
- India is the largest country, in terms of the total number of certified organic producers in the world, with 1.3 million organic producers in 2019. Despite having a large number of organic producers, organic cultivation areas in the country account for around 2.0% of the total agriculture area in the country. In 2021, the organic area in the country was recorded as 711,094.0 hectares, which increased by about 3.4% compared to 2017. Organic farming in the country is concentrated in only a few states. The top ten organic farming states in the country account for about 80.0% of the total organic crop area. A few states have taken the lead in improving organic farming coverage, like Madhya Pradesh, Rajasthan, and Maharashtra, which are the top three organic farming states in the country. Madhya Pradesh alone accounted for about 27.0% of India’s total organic cultivation area in 2019.
- Organic cultivation of row crops is dominant in the country, which accounted for about 59.7% of the total organic crop area in 2021. Cereal crop production is dominant rice, wheat, millet, and maize are the major cereals produced. Most cereal crops are grown in the kharif season (June - September). The crops grown in this season are mainly rain dependent or require more water, like rice, maize, cotton, and soybean.
- The overall organic cash crop cultivation area increased from 0.27 million hectares in 2017 to 0.28 million hectares in 2021. The major cash crops produced in the country are cotton, sugarcane, tea, and spices. There is a limited growth of organic horticultural crops currently in the country. The increasing demand for organic products and Indian government initiatives to go organic are anticipated to increase organic crop area between 2023 and 2029.
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Growing demand and their easy accessibility through e-commerce channels, rising the per capita spending on organic food
- India's per capita spending on organic products is relatively low at USD 0.23 compared to the average per capita spending on organic products in Asia-Pacific. However, in recent years, shifting consumer demand has increased toward organic products as more customers perceive these items offer better immunity, higher quality, and more accessibility through e-commerce channels. India is a promising and developing market for organic foods and beverages. India's domestic organic food and beverage industry is expected to be worth USD 138.0 million by 2024, rising at a compound annual growth rate of 13% between 2019 to 2024.
- In 2022, the total combined organic food and beverages worth USD 108.0 million consumed in the country. The consumption value of organic products in the country increased from USD 45 million in 2016 to USD 96.0 million in 2021. Organic food sales have seen an increasing trend mainly due to increasing consumer awareness, and high-income consumers are propelling organic food and beverage consumption. Categories that gained the most demand included essential foods, such as organic eggs, dairy, and fruits and vegetables.
- Organic beverage consumption dominated the market and accounted for about 85.2% of the total combined organic food and beverages market value in 2022. The organic beverages segment includes organic packaged food and beverages that are certified by the approved certification body. Organic beverage consumption value increased at a CAGR of 14% between 2020 to 2022. The price premium associated with organic products hampers lower-income consumer access and is the major limiting factor for organic food consumption. However, organic products' active promotion and advantages drive the organic food market during the forecast period.
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India Biofertilizer Industry Overview
The India Biofertilizer Market is fragmented, with the top five companies occupying 5.70%. The major players in this market are Biostadt India Limited, Fertilizers and Chemicals Travancore Limited, Gujarat State Fertilizers & Chemicals Ltd, Indian Farmers Fertiliser Cooperative Limited and National Fertilizers Limited (sorted alphabetically).
India Biofertilizer Market Leaders
Biostadt India Limited
Fertilizers and Chemicals Travancore Limited
Gujarat State Fertilizers & Chemicals Ltd
Indian Farmers Fertiliser Cooperative Limited
National Fertilizers Limited
Other important companies include GrowTech Agri Science Private Limited, IPL Biologicals Limited, Madras Fertilizers Limited, Samriddhi Crops India Pvt. Ltd, T.Stanes and Company Limited.
*Disclaimer: Major Players sorted in alphabetical order.
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India Biofertilizer Market News
- November 2019: IPL Biologicals Limited launched four new biofertilizer products, including Nitrogcea, Phosphacea, Potacea, and Zinkaacea, in Maharashtra, India.
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Along with the report, We also offer a comprehensive and exhaustive data pack on Areas under organic cultivation, one of the key trends that affect the market size of agricultural biologicals. This data pack also includes areas under cultivation by crop types, such as Row Crops (Cereals, Pulses, and Oilseeds), Horticultural Crops (Fruits and Vegetables), and Cash Crops in North America, Europe, Asia-Pacific, South America and Africa.
India Biofertilizer Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Area Under Organic Cultivation
- 4.2 Per Capita Spending On Organic Products
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4.3 Regulatory Framework
- 4.3.1 India
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Form
- 5.1.1 Azospirillum
- 5.1.2 Azotobacter
- 5.1.3 Mycorrhiza
- 5.1.4 Phosphate Solubilizing Bacteria
- 5.1.5 Rhizobium
- 5.1.6 Other Biofertilizers
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5.2 Crop Type
- 5.2.1 Cash Crops
- 5.2.2 Horticultural Crops
- 5.2.3 Row Crops
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Biostadt India Limited
- 6.4.2 Fertilizers and Chemicals Travancore Limited
- 6.4.3 GrowTech Agri Science Private Limited
- 6.4.4 Gujarat State Fertilizers & Chemicals Ltd
- 6.4.5 Indian Farmers Fertiliser Cooperative Limited
- 6.4.6 IPL Biologicals Limited
- 6.4.7 Madras Fertilizers Limited
- 6.4.8 National Fertilizers Limited
- 6.4.9 Samriddhi Crops India Pvt. Ltd
- 6.4.10 T.Stanes and Company Limited
7. KEY STRATEGIC QUESTIONS FOR AGRICULTURAL BIOLOGICALS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- AREA UNDER ORGANIC CULTIVATION IN HECTARES, INDIA, 2017 - 2022
- Figure 2:
- PER CAPITA SPENDING ON ORGANIC PRODUCTS IN USD, INDIA, 2017 - 2022
- Figure 3:
- INDIA BIOFERTILIZER MARKET, VOLUME, METRIC TON, 2017 - 2029
- Figure 4:
- INDIA BIOFERTILIZER MARKET, VALUE, USD, 2017 - 2029
- Figure 5:
- BIOFERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2029
- Figure 6:
- BIOFERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2029
- Figure 7:
- BIOFERTILIZER CONSUMPTION VOLUME BY FORM IN %, INDIA, 2017 VS 2023 VS 2029
- Figure 8:
- BIOFERTILIZER CONSUMPTION VALUE BY FORM IN %, INDIA, 2017 VS 2023 VS 2029
- Figure 9:
- AZOSPIRILLUM CONSUMPTION IN METRIC TON, INDIA, 2017 - 2029
- Figure 10:
- AZOSPIRILLUM CONSUMPTION IN USD, INDIA, 2017 - 2029
- Figure 11:
- AZOSPIRILLUM CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2022 VS 2029
- Figure 12:
- AZOTOBACTER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2029
- Figure 13:
- AZOTOBACTER CONSUMPTION IN USD, INDIA, 2017 - 2029
- Figure 14:
- AZOTOBACTER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2022 VS 2029
- Figure 15:
- MYCORRHIZA CONSUMPTION IN METRIC TON, INDIA, 2017 - 2029
- Figure 16:
- MYCORRHIZA CONSUMPTION IN USD, INDIA, 2017 - 2029
- Figure 17:
- MYCORRHIZA CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2022 VS 2029
- Figure 18:
- PHOSPHATE SOLUBILIZING BACTERIA CONSUMPTION IN METRIC TON, INDIA, 2017 - 2029
- Figure 19:
- PHOSPHATE SOLUBILIZING BACTERIA CONSUMPTION IN USD, INDIA, 2017 - 2029
- Figure 20:
- PHOSPHATE SOLUBILIZING BACTERIA CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2022 VS 2029
- Figure 21:
- RHIZOBIUM CONSUMPTION IN METRIC TON, INDIA, 2017 - 2029
- Figure 22:
- RHIZOBIUM CONSUMPTION IN USD, INDIA, 2017 - 2029
- Figure 23:
- RHIZOBIUM CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2022 VS 2029
- Figure 24:
- OTHER BIOFERTILIZERS CONSUMPTION IN METRIC TON, INDIA, 2017 - 2029
- Figure 25:
- OTHER BIOFERTILIZERS CONSUMPTION IN USD, INDIA, 2017 - 2029
- Figure 26:
- OTHER BIOFERTILIZERS CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2022 VS 2029
- Figure 27:
- BIOFERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2029
- Figure 28:
- BIOFERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2029
- Figure 29:
- BIOFERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, INDIA, 2017 VS 2023 VS 2029
- Figure 30:
- BIOFERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2017 VS 2023 VS 2029
- Figure 31:
- BIOFERTILIZER CONSUMPTION BY CASH CROPS IN METRIC TON, INDIA, 2017 - 2029
- Figure 32:
- BIOFERTILIZER CONSUMPTION BY CASH CROPS IN USD, INDIA, 2017 - 2029
- Figure 33:
- BIOFERTILIZER CONSUMPTION VALUE BY FORM IN %, INDIA, 2022 VS 2029
- Figure 34:
- BIOFERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, INDIA, 2017 - 2029
- Figure 35:
- BIOFERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, INDIA, 2017 - 2029
- Figure 36:
- BIOFERTILIZER CONSUMPTION VALUE BY FORM IN %, INDIA, 2022 VS 2029
- Figure 37:
- BIOFERTILIZER CONSUMPTION BY ROW CROPS IN METRIC TON, INDIA, 2017 - 2029
- Figure 38:
- BIOFERTILIZER CONSUMPTION BY ROW CROPS IN USD, INDIA, 2017 - 2029
- Figure 39:
- BIOFERTILIZER CONSUMPTION VALUE BY FORM IN %, INDIA, 2022 VS 2029
- Figure 40:
- INDIA BIOFERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017-2022
- Figure 41:
- INDIA BIOFERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2017-2022
- Figure 42:
- INDIA BIOFERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2023
India Biofertilizer Industry Segmentation
Azospirillum, Azotobacter, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium are covered as segments by Form. Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type.
- Biofertilizers are organic substances with living microorganisms that promote plant growth. The Indian biofertilizer market value increased by about 11.0% between 2017 to 2021, which can be attributed to various reasons like the increasing awareness among farmers, the increasing overall registered organic farms in India, and a shift in demand for organically or sustainably grown commodities. India ranks fifth in terms of world organic agriculture land and first in terms of the total number of producers as of 2021.
- Mycorrhizal-based biofertilizers dominated the market, which was valued at USD 57.5 million in 2022. This is mainly due to the mycorrhizal association holding the ability to boost phosphorus, other nutrients, and water absorption from the soil, supporting plant growth and development and increasing yield. It also helps the plant fight against adverse soil conditions. However, Rhizobium and Azospirillum-based biofertilizer market values are anticipated to grow at faster rates compared to other biofertilizers.
- The consumption of biofertilizers is dominant in row crops, and it accounted for about 88.5% of the market value in 2022. The dominance of row crops is mainly due to their large cultivation area in the country, which accounted for about 59.8% of the total organic crop area in the same year.
- There is a huge demand for organic products both in domestic and international markets. The overuse of chemical fertilizers is one of the major challenges in the country. The Indian government is promoting sustainable or organic cultivation practices through various schemes or programs by providing incentives for biofertilizers, which would drive the market between 2023 and 2029.
| Form | Azospirillum |
| Azotobacter | |
| Mycorrhiza | |
| Phosphate Solubilizing Bacteria | |
| Rhizobium | |
| Other Biofertilizers | |
| Crop Type | Cash Crops |
| Horticultural Crops | |
| Row Crops |
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Market Definition
- AVERAGE DOSAGE RATE - The average application rate is the average volume of biofertilizers applied per hectare of farmland in the respective region/country.
- CROP TYPE - Crop type includes Row crops (Cereals, Pulses, Oilseeds), Horticultural Crops (Fruits and vegetables) and Cash Crops (Plantation Crops, Fibre Crops and Other Industrial Crops)
- FUNCTION - The crop nutrition function of agricultural biological consists of various products that provide essential plant nutrients and enhance soil quality.
- TYPE - Biofertilizers enhance soil quality by increasing the population of beneficial microorganisms. They help crops absorb nutrients from the environment.
| Keyword | Definition |
|---|---|
| Cash Crops | Cash crops are non-consumable crops sold as a whole or part of the crop to manufacture end-products to make a profit. |
| Integrated Pest Management (IPM) | IPM is an environment-friendly and sustainable approach to control pests in various crops. It involves a combination of methods, including biological controls, cultural practices, and selective use of pesticides. |
| Bacterial biocontrol agents | Bacteria used to control pests and diseases in crops. They work by producing toxins harmful to the target pests or competing with them for nutrients and space in the growing environment. Some examples of commonly used bacterial biocontrol agents include Bacillus thuringiensis (Bt), Pseudomonas fluorescens, and Streptomyces spp. |
| Plant Protection Product (PPP) | A plant protection product is a formulation applied to crops to protect from pests, such as weeds, diseases, or insects. They contain one or more active substances with other co-formulants such as solvents, carriers, inert material, wetting agents or adjuvants formulated to give optimum product efficacy. |
| Pathogen | A pathogen is an organism causing disease to its host, with the severity of the disease symptoms. |
| Parasitoids | Parasitoids are insects that lay their eggs on or within the host insect, with their larvae feeding on the host insect. In agriculture, parasitoids can be used as a form of biological pest control, as they help to control pest damage to crops and decrease the need for chemical pesticides. |
| Entomopathogenic Nematodes (EPN) | Entomopathogenic nematodes are parasitic roundworms that infect and kill pests by releasing bacteria from their gut. Entomopathogenic nematodes are a form of biocontrol agents used in agriculture. |
| Vesicular-arbuscular mycorrhiza (VAM) | VAM fungi are mycorrhizal species of fungus. They live in the roots of different higher-order plants. They develop a symbiotic relationship with the plants in the roots of these plants. |
| Fungal biocontrol agents | Fungal biocontrol agents are the beneficial fungi that control plant pests and diseases. They are an alternative to chemical pesticides. They infect and kill the pests or compete with pathogenic fungi for nutrients and space. |
| Biofertilizers | Biofertilizers contain beneficial microorganisms that enhance soil fertility and promote plant growth. |
| Biopesticides | Biopesticides are natural/bio-based compounds used to manage agricultural pests using specific biological effects. |
| Predators | Predators in agriculture are the organisms that feed on pests and help control pest damage to the crops. Some common predator species used in agriculture include ladybugs, lacewings, and predatory mites. |
| Biocontrol agents | Biocontrol agents are living organisms used to control pests and diseases in agriculture. They are alternatives to chemical pesticides and are known for their lesser impact on the environment and human health. |
| Organic Fertilizers | Organic fertilizer is composed of animal or vegetable matter used alone or in combination with one or more non-synthetically derived elements or compounds used for soil fertility and plant growth. |
| Protein hydrolysates (PHs) | Protein hydrolysate-based biostimulants contain free amino acids, oligopeptides, and polypeptides produced by enzymatic or chemical hydrolysis of proteins, primarily from vegetal or animal sources. |
| Biostimulants/Plant Growth Regulators (PGR) | Biostimulants/Plant Growth Regulators (PGR) are substances derived from natural resources to enhance plant growth and health by stimulating plant processes (metabolism). |
| Soil Amendments | Soil Amendments are substances applied to soil that improve soil health, such as soil fertility and soil structure. |
| Seaweed Extract | Seaweed extracts are rich in micro and macronutrients, proteins, polysaccharides, polyphenols, phytohormones, and osmolytes. These substances boost seed germination and crop establishment, total plant growth and productivity. |
| Compounds related to biocontrol and/or promoting growth (CRBPG) | Compounds related to biocontrol or promoting growth (CRBPG) are the ability of a bacteria to produce compounds for phytopathogen biocontrol and plant growth promotion. |
| Symbiotic Nitrogen-Fixing Bacteria | Symbiotic nitrogen-fixing bacteria such as Rhizobium obtain food and shelter from the host, and in return, they help by providing fixed nitrogen to the plants. |
| Nitrogen Fixation | Nitrogen fixation is a chemical process in soil which converts molecular nitrogen into ammonia or related nitrogenous compounds. |
| ARS (Agricultural Research Service) | ARS is the U.S. Department of Agriculture's chief scientific in-house research agency. It aims to find solutions to agricultural problems faced by the farmers in the country. |
| Phytosanitary Regulations | Phytosanitary regulations imposed by the respective government bodies check or prohibit the importation and marketing of certain insects, plant species, or products of these plants to prevent the introduction or spread of new plant pests or pathogens. |
| Ectomycorrhizae (ECM) | Ectomycorrhiza (ECM) is a symbiotic interaction of fungi with the feeder roots of higher plants in which both the plant and the fungi benefit through the association for survival. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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