Summary
India Biofertilizer market is segmented by type of form (Mycorrhiza, Rhizobium, Azotobacter, Azospirillum, Phosphate Solubilizing Bacteria, and Others) and by type of Crop (Row Crops, Cash Crops, and Horticultural Crops).
Market Overview
India Biofertilizer Market Overview
The India biofertilizer market generated USD 9.0 Mn in 2022, expanding at a CAGR of 3.20% in the historical period. The market is forecast to scale up to USD 16.5 Mn by 2029, supported by a stronger CAGR of 9.30% during 2022–2029, indicating an acceleration in adoption over the medium term. Growth is being driven by rising awareness of the negative impact of chemical agri-inputs, increasing use of tiny capsule technology, continuous advancements in microbial strain selection, and the need for climate change adaptation in crop productivity and soil health management. From a crop-type perspective, row crops are the dominant application segment, supported by India’s large and expanding organic cultivation footprint. Row crops accounted for ~59.8% of the total organic crop area in 2022, making them the most structurally important demand center for biofertilizers in the country.
Market Definition of India Biofertilizer
Definition of India Biofertilizer Market: It has been defined as the expected total revenue obtained by domestic sales of all types of biofertilizers forms such as Azospirillum, Azotobacter, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium, And Other Biofertilizers. The market does not include other types of fertilizers such as Blue-Green Algae (BGA) and Azolla. The market. The report has included companies such as Indian Farmers Fertilizers Cooperative Limited, The Fertilizers and Chemicals Travancore Limited, National Fertilizers Limited, Gujarat State Fertilizers & Chemicals Limited, Biostadt India Limited, IPL Biologicals Limited, Madras Fertilizers Limited, and T. Stanes and Company Limited.
Market Estimation Level: Market estimations for different types of biofertilizers have been completed at the product level.
Taxonomy
India Biofertilizer Market Ecosystem
India Biofertilizer Market Size, 2017-2022
The India biofertilizer market expanded from USD 7.7 Mn in 2017 to USD 9.0 Mn in 2022, delivering a historical CAGR of 3.20% over 2017–2022. Within this period, the market was sized at USD 7.7 Mn in 2018, followed by USD 7.8 Mn in 2019, rising to USD 8.3 Mn in 2020 and USD 8.6 Mn in 2021, reflecting steady, incremental adoption before reaching the 2022 level. Growth has been supported by structural drivers including the expansion of organic agricultural land globally, strengthening government initiatives to encourage the use of biological agri-inputs (including biopesticides), and increasing awareness of the risks associated with synthetic agricultural chemicals.
India Biofertilizer Market Share Analysis, 2022
India Biofertilizer Market Segmentation
India Biofertilizer Market Segmentation by Form
With a market value of USD 5.8 million in 2022, mycorrhizal-based biofertilizers dominated the India Biofertilizer Market with 63% of the market share by Volume Share and 65% of the market share by value share. The mycorrhizal association improves soil absorption of phosphorus, other minerals, and water and, as a result, assists in promoting plant growth and development and raising production. However, compared to other biofertilizers, it is projected that the markets for Rhizobium and Azospirillum biofertilizers will expand their market in the forecasted period. In 2023, they rule 9% and 2% of the volume market share and 8% and 3% of the value market share respectively. In 2022, the market value of biofertilizers was dominated by its consumption, which accounted for around 88.3% of the total. The primary reason for row crops' domination in the nation is their vast cultivation area, which in the same year made up 59.8% of all organic agricultural land.
India Biofertilizer Market Segmentation by Crop Type
Row crops are leading the India Biofertilizer market with 88% of the market share followed by cash crops and horticultural crops that captures 9% and 3% of the market respectively (By both volume and Value). India’s biofertilizer market as an entirety is showing an upward trend in terms of volume and value. The primary cause of this surge is the growing use of biofertilizers, especially in cash and row crops. About 3.4 million metric tons of certified organic products, encompassing all food product varieties such as oil seeds, fibre, sugarcane, cereals, millets, cotton, pulses, aromatic and medicinal plants, tea, coffee, fruits, spices, dry fruits, vegetables, and processed foods, were produced in India between 2021 and 2022. A little over 13% of the entire output is exported, where it is sold for more money than it would on the home market.
Future Roadmap of India Biofertilizers Market
The India biofertilizer market is projected to expand from USD 9.8 Mn in 2023 to USD 915.1 Mn by 2029, with the forecast indicating a CAGR of 9.30% during 2023–2029. The market trajectory is described as a steady step-up in the near term, with estimated values of USD 10.6 Mn in 2024, USD 11.7 Mn in 2025, USD 12.6 Mn in 2026, and USD 13.7 Mn in 2028. Growth is expected to be supported by government initiatives and policies, rising environmental concerns, increasing consumer demand for organic products, and deeper integration with precision agriculture practices. The USD 915.1 Mn (2029) figure is not mathematically consistent with the stated 9.30% CAGR and the intermediate values (10.6–13.7 Mn). This likely indicates a unit/decimal issue in the 2029 estimate that should be validated.
Company Profile of Major Players in India Biofertilizer Market
| Company Name | Establishment year | Description |
|---|---|---|
The Fertilisers and Chemicals Travancore Limited (FACT) | 1943 | The Fertilisers And Chemicals Travancore Limited (FACT) was incorporated in the year 1943 as the first large-scale fertilizer plant in India at Udyogamandal, Kochi, Kerala. FACT started production in 1947. |
National Fertilizers Limited (NFL) | 1974 | Incorporated in 1974, NFL comes under the administrative control of the Ministry of Chemicals and Fertilizers, and is the second largest producer of the key fertiliser urea in India. NFL has five gas-based ammonia-urea plants viz Nangal and Bathinda in Punjab, Panipat in Haryana and two at Vijaipur (Madhya Pradesh). |
Gujarat State Fertilizers & Chemicals Limited (GSFC) | 1962 | Gujarat State Fertilizers & Chemicals Limited (GSFC) is an Indian chemicals and fertilizers manufacturer, owned by the Government of Gujarat. GSFC was founded in 1962 and has its headquarters in Vadodara on the Ahmedabad Vadodara Expressway. As of 2022, fertilizers such as diammonium phosphate, ammonium sulfate and urea generated over 60% of the company's revenue. |
Biostadt India Limited | 2003 | Biostadt India Limited is firmly positioned to address the emerging local and global challenges. We help in providing the farmers not just customized products but customized solutions, developing and evaluating products and processes for improving their satisfaction. |
IPL Biologicals Limited | 1994 | IPL Biologicals is a professionally managed and highly technologically-driven company with innovative biological (microbial based) products, offering 100% safe and natural solutions for crops. |
Madras Fertilizers Limited (MFL) | 1966 | MADRAS FERTILIZERS LIMITED is a Central Public Sector Undertaking situated at Manali near Chennai in Tamil Nadu, South India. MFL is an ISO-9001:2008 and ISO-14001:2004 certified company. MFL consists of production plants, Ammonia, Urea in single streams and NPK in three streams viz. |
T.Stanes and Company Limited | 1920 | T Stanes and Company Limited manufactures agricultural chemicals. The Company produces and markets organic fertilizer, micronutrients, bio-fertilizers, botanical pesticides, microbial fungicides and insecticides nematicides immunomodulators antitranspirants and seeds. |
India Biofertilizer Market Macroeconomic Indicators
India's population was valued at 1437 million in 2023, increasing by 30 million from 1407 million in 2022. By the end of 2025, India's population is predicted to reach 1500 million.
In the year 2020, The population between the 25-49 age group is the largest age group (36.40%) in India followed by 0-14 (26.40%), 50+ (19.40%), and 15-24 (18%).
In 2023, India's GDP was valued at USD 3732 billion compared to USD 2710 billion in 2018. The country’s GDP is expected to reach 5000 billion by the end of 2025.
In 2023, India’s Inflation rate stands at 5.66 % an increase of approximately 2.5% from the 2018 inflation rate of 3.94%. During the COVID-19 pandemic in 2020, the inflation rate in India surged unexpectedly to 6.62% from 3.72% in 2019.
As of 2023, India comprises of majority of the middle-class population which is 57% of the total population of India. After the middle class comes the lower-class category which comprises 33% of the total population of India. The remaining 10% of the population belongs to a high-income class.
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