Press Release

Organic Farming Methods: A Significant Growth Opportunity for Biostimulent Manufacturers in India

The India Biostimulants Market is anticipated to grow at a CAGR of 15.4% in the forecast period of 2022-27. The market is driven principally by massive agriculture activities to produce & provide high-quality & nutrition-rich food to the flooding population of India, due to which the demand for biostimulants to enhance crop production is soaring significantly. Additionally, substantial investments by the government & several private companies in improving the yield per unit area also augment the market growth.

The growing consumer preference toward organic food, coupled with the mounting adoption of organic farming methods, is also projected to drive the market in the coming years. Biostimulants eliminate the use of harmful chemical fertilizers & pesticides and provide more nutrition to the crops, further states the research report, “India Biostimulants Market Analysis, 2022.”

Fruits & Vegetables to Propel the Demand for Biostimulants & Boost the Market Growth through 2027

Fruits & Vegetables together are projected to capture a higher market share than the rest during the forecast period. It attributes to the rapidly increasing application of biostimulants on fruits & vegetables to attain maximized & quality-rich crop production and sustain their export standards. Biostimulants affect the root structure and allow the crops to absorb more nutrients.

Hence, their use in fruits & vegetables is significantly rising across India. Moreover, benefits like damage resistance during transportation & increased shelf & storage life of fruits & vegetables also augment the demand for biostimulants in India, thereby driving the market in the coming years.

Incredible Soil Fertility of Punjab to Drive the Demand for Biostimulants during 2022-27

In India, Punjab is the most fertile farmland and a prominent wheat producer. The agriculture practice in the state is highly intensive, where the Firozepur district is the largest producer of wheat & rice. These high-value crops are soaring the demand for biostimulants for nutrition-rich & high-quality crop production with maximized yield & no damage to the soil by avoiding the use of chemical fertilizers & pesticides, thereby driving the market in Punjab, reveals MarkNtel Advisors in their research report, “India Biostimulants Market Analysis, 2022.”

Key Market Competitors

According to MarkNtel Advisors, the leading players in the India Biostimulants Market are AgriLife, Acadian Seaplant Ltd., Isagro, Valagro, Bayer AG, Koppert B.V., Eastman Chemical Company, Tradecorp APC Pty Ltd., BASF S.E., UPL.

Key Questions Answered in the Study

1. What are the current & future trends in the India Biostimulants Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across India, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the India Biostimulants Market?
5. What are the customer orientation, purchase behavior, and expectations from biostimulant providers in India?

Market Segmentation:

1. By Type (Acid Biostimulants, Extract Biostimulants)
2. By Crop Type (Fruits, Vegetables, Cereals & Grains, Turfs, Ornamentals, Other (Oil Seeds, Pulses))
3. By Application (Foliar, Soil Treatment, Seed Treatment)
4. By Region (North, East, West, South)
5. By Competitors (AgriLife, Acadian Seaplant Ltd., Isagro, Valagro, Bayer AG, Koppert B.V., Eastman Chemical Company, Tradecorp APC Pty Ltd., BASF S.E., UPL)