According to the report by Expert Market Research (EMR), the India agricultural biologicals market size reached a value of 535.83 million in 2023. Aided by the increasing emphasis on sustainable agricultural practices and the rising need to reduce chemical inputs, 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 biologics are derived from plant extracts, naturally occurring microorganisms, organic matter, and plant extracts. They are essential components of crop management systems, enhancing the quality and yield of crops. Furthermore, biologicals provide practical solutions to tackle the challenges posed by rising food demands and the increasing preference for organic produce.
Agricultural biologicals, encompassing biopesticides, biostimulants, and biofertilisers, have emerged as pivotal components in sustainable agriculture, offering eco-friendly alternatives to conventional chemical inputs. These biological products play an essential role in enhancing crop yield, improving soil health, and facilitating effective pest and disease management.
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India possesses an extensive amount of agricultural land, providing employment opportunities for a significant portion of the population in the agricultural sector. The country is renowned for its production of various crops such as vegetables, wheat, sugarcane, cotton, and rice. The India agricultural biologicals market is expected to experience expansion due to several factors including increased investments from key players aimed at enhancing the stability, range, shelf life, and controlled usage of biological products.
The increasing emphasis on sustainable agricultural practices, driven by the need to reduce chemical inputs and mitigate their environmental impact, is a key factor propelling the India agricultural biologicals market growth. Furthermore, the growing demand for organic food products among Indian consumers, coupled with supportive government initiatives promoting organic farming, has significantly contributed to the upward trajectory of the agricultural biologicals market in India.
Moreover, the consumer shift towards organic and naturally produced food items has been a primary catalyst for the growth of agricultural biologicals in India. Awareness regarding health benefits associated with organic foods and concerns about the adverse effects of chemical pesticides and fertilisers on health and the environment have fuelled this trend.
Furthermore, the Indian government’s initiatives to promote sustainable farming practices have played a crucial role in the India agricultural biologicals market expansion. Programs aimed at educating farmers about the benefits of biological products, alongside financial incentives for adopting organic farming techniques, have bolstered the adoption of agricultural biologicals.
Innovation and advancements in biotechnology have led to the development of more effective and efficient agricultural biological products. These innovations are not only enhancing crop yields and quality but also offering solutions to resistance issues posed by pests and diseases to conventional chemical products.
India’s potential as a significant exporter of organic products presents a lucrative opportunity for the agricultural biologicals market. The international demand for organic spices, grains, and fruits from India is on the rise, necessitating the adoption of biologicals to meet organic certification standards for export, consequently driving the India agricultural biologicals market share.
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
- Biopesticides
- 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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