India Organic Fertilizer Market To Establish Growth With Impressive CAGR Until FY2027
India Organic Fertilizer Market
is expected to show robust growth due to growing demand for higher yielding
crops in the forecast period, FY2017-FY2027.
According to
TechSci report on, “India Organic Fertilizer Market, By Region, Competition
Forecast & Opportunities, FY2017 - FY2027”. India organic fertilizer
market has shown promising growth in
historical years until FY2021 and is expected to continue its growth in
upcoming forecast years FY2023 to FY2027. India organic fertilizer market owes
its growth to the factors like surging demand for the organic Agro products.
Increasing demand for the organic food products and increased use of organic
plant growth enhancers for keeping crop agricultural chemical free, is driving
the growth of the India organic fertilizer market in the upcoming five years.
Also, surge in the research and innovative product development is also driving
the market growth. Rising concerns regarding the excessive use of chemically
infused Agro products, to enhance the yields of crops and thus growing toxicity
in the environment is supporting the growing demands for organic fertilizers
and supporting the growth of the India organic fertilizer market in the next
five years. Chemical often utilized in the ingredients of chemical fertilizers,
often follows the run-off during watering of agricultural fields. These toxins
if gets absorbed by the soil increases its salinity or affects its potency for
crop growth drastically. If these toxic chemicals enter the water bodies, they
have affected marine lives and may instigate conditions of bioaccumulations,
that affects human lives too indirectly.
Government policies, favorable schemes,
tax incentives for the farmers, increasing investment in the agricultural
sector and initiatives like promoting made in India products, may further
support the growth of the India organic fertilizer market in the future five
years. Health conscious consumers in the country are actively choosing natural,
and organic food products after learning the harmful effects of chemically
infused fertilizers and thereby substantiate the growth of the India organic
fertilizer market in the forecast years through 2027.
Browse over XX market data Figures spread through 70 Pages and an
in-depth TOC on "India Organic fertilizer Market"
The India organic fertilizer market segmentation is
based on origin, crop type, source, regional distribution, and competitional
landscape. Based on origin, the market is further segmented into animal, plant,
and mineral. Animal based organic fertilizers have led the market growth in
previous years, and it is anticipated to hold the largest revenue shares of the
market and thus dominate the market segment in the upcoming five years too.
Animal based organic fertilizers are higher in demand due to the advantage of
all major nutrient in the product. High nutritional value, quicker effects of
the fertilizer on plant growth, lower quantity requirements are driving the growth
of the India organic fertilizer market. Also, due to high cases of cattle
rearing and growing animal farming provides with the raw material or the
organic fertilizer manufacturing thereby supporting the growth of the India
animal based organic fertilizer market in the future five years.
By form, the market is divided between dry and
liquid forms of organic fertilizers. Dry forms of the organic fertilizers are
anticipated to hold the largest revenue shares of the market and dominate the
market segment in the next five years in account of rising adoption of dry form
of organic fertilizers in lawn and garden applications. The long-lasting
effects, high efficiency in all climatic conditions, and abundant and easy
availability of raw materials required are some of the other advantages because
of which the dry form is more preferential among the consumers over liquid
form. The liquid form of organic fertilizers may also register significant
growth in the upcoming five years due to their higher efficiency, uniformity in
application, high absorbability, and easy & cost-effective application.
A partial list of market players in the field
includes:
- Indian Farmers Fertiliser Cooperative Limited
- Krishak Bharati Cooperative Limited
- National Fertilizers Limited
- Tata Chemicals Limited
- Coromandel International Limited
- IPL Biologicals Limited
Southern Petrochemical Industries Corporation (SPIC) Limited
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“Government
initiatives toward growing agricultural industry is a major market driving
factor. Schemes like Paramparagat Krishi Vikas Yojana, Pradhan Mantri Kisan
Samman Nidhi Yojana, etc. provides with technologically advanced Agro
commodities and higher investment strategies. The schemes also finance the
farmers in the country so that they can afford better seeds, fertilizers,
pesticides, etc. and increase their crop yields. Moreover, government
involvement with increasing food safety and quality assurance mechanisms
through Total Quality Management (TQM) including ISO 9000, ISO 22000, Hazard
Analysis and Critical Control Points (HACCP), Good Manufacturing Practices
(GMP) and Good Hygienic Practices (GHP) by the food processing industry would
offer opportunities for the growth in the industry and indirectly aiding the
growth of the India organic fertilizer market in the future five years,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“India Organic Fertilizer Market By Origin (Animal,
Plant, Mineral), By Form (Dry v/s Liquid), By Crop Type (Cereals & Grains,
Oilseed & Pulses, Fruits & Vegetables, Others), By Source (Domestic v/s
Import), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future
growth potential of India organic fertilizer market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India organic fertilizer market.
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