According to the report by Expert Market Research (EMR), the India agricultural biologicals market size reached a value of USD 535.83 million in 2023. Aided by the increasing adoption of eco-friendly agricultural inputs and the rising demand for organic produce, the market is projected to further grow at a CAGR of 10.1% between 2024 and 2032 to reach a value of USD 1282.82 million by 2032.
Agricultural biologicals encompass a range of products including biopesticides, biofertilisers, and biostimulants that are derived from natural materials. These products play a crucial role in sustainable agriculture by offering environmentally benign alternatives to chemical pesticides and fertilisers. They contribute to enhanced soil health, reduced chemical runoff, and improved plant growth and resilience, aligning with the growing global emphasis on sustainable farming practices.
The India agricultural biologicals market growth is driven by several key factors. Primarily, there is a heightened awareness among farmers and consumers about the adverse effects of chemical inputs on health and the environment. This awareness is coupled with an increasing demand for organic and residue-free produce, both domestically and internationally. Additionally, the Indian government’s support for organic farming through various schemes and incentives has further accelerated the adoption of agricultural biologicals.
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The challenge of climate change and the need for resilience in agricultural practices also play a significant role in driving the India agricultural biologicals market demand. Agricultural biologicals are recognised for their ability to enhance crop resistance to stresses such as drought, heat, and salinity, making them essential tools in the adaptation strategies of farmers facing unpredictable weather patterns.
Innovation is at the core of the India Agricultural Biologicals market, with continuous research and development leading to the introduction of novel products and technologies. Advances in biotechnology have enabled the development of highly effective and target-specific biopesticides and biostimulants, offering solutions to pest and disease management without the drawbacks associated with synthetic chemicals. Moreover, the integration of digital technologies in agriculture, such as precision farming, offers new avenues for the application and monitoring of agricultural biologicals, optimising their efficacy and adoption.
The India agricultural biologicals market demand varies significantly across different regions, influenced by factors such as crop patterns, climatic conditions, and the availability of products. States with a strong focus on organic farming and those with supportive government policies are leading in the adoption of agricultural biologicals. Moreover, the increasing participation of cooperatives and agri-businesses in promoting sustainable farming practices contributes to the regional disparities in market growth.
India Agricultural Biologicals Market Segmentation
The market can be divided based on source, type, application, crop type, and region.
Market Breakup by Source
- Microbial
- Biochemical
Market Breakup by Type
- Biochemical
- Biostimulation
- Biofertiliser
Market Breakup by Application
- Foliar Spray
- Soil Treatment
- Seed Treatment
Market Breakup by Crop Type
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Market Breakup by Region
- North India
- East India
- West India
- South India
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Competitive Landscape of India Agricultural Biologicals Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India agricultural biologicals market. Some of the major players explored in the report by Expert Market Research are as follows:
- Bayer AG
- Ajay Bio-Tech (I) Ltd.
- Valent BioSciences LLC
- UPL Ltd.
- Gujarat State Fertilizers & Chemicals Limited
- Indian Farmers Fertiliser Cooperative Limited.
- IPL Biologicals Ltd.
- Rallis India Ltd.
- Madras Fertilizers Limited.
- Coromandel International Limited
- Others
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