India organic fertilizer
market is anticipated to grow with an estimated CAGR in the forecast years
FY2023-FY2027, on the grounds of surging demand for the organic food.
Increasing concerns regarding harmful effects of chemically infused fertilizers
over the crops, soil, consumers, as well as the environment as a whole, is
increasing the demands for the organic fertilizers and driving the growth of
the India organic fertilizer market in the upcoming five years. Health benefits
of utilizing organic fertilizers for the plant growth is also a major reason
why farmers in India are shifting toward utilization of organic fertilizers
thus aiding the growth of the India organic fertilizer market in the next five
years.
Naturally produced fertilizers
with carbon components that are not chemically infused are known as organic
fertilizers. The organic fertilizers include mineral sources, all animal waste,
meat processing waste, manure, slurry, guano, along with plant based
fertilizers like biosolids, and plant composts. High concentration of nutrients
and necessary elements without the presence of toxic chemical components makes
the organic fertilizers more preferential over chemical fertilizers that
usually have high toxin elements along with nutrients and tends to harm the
soil and environment excessively.
Expanding Agriculture
Industry Drives Market Growth
Agriculture industry of the
country is practically backbone of the Indian economy. Over 58% of the
population in the country is dependent on agricultural practices, equipment,
tool, or production of the Agro products for their livelihood. The industry
also contributes to 16.5% of India’s gross domestic product (GDP), while
employing the largest workforce in the country.
Increasing number of
agricultural farms, demands for high yielding crops, increasing agricultural
practices, are also supporting the growth of the India organic fertilizers
market in the next five years. In FY2021, the total organic area in India was
approximately 4.34 million hectares. Moreover, increasing demands for higher
crop yields are demanding for the advancement in the Agro commodities. Surging
research and product development, increasing awareness among the farmers for
using organic fertilizer over chemically infused products is also aiding the
growth of the India organic fertilizer market in the future five years.
Government Supports
Agriculture Industry
Higher investments in the
industry along with the favorable schemes toward agricultural sector promotes
the industry and higher sales of the commodities. Schemes like Paramparagat
Krishi Vikas Yojana has helped in developing organic clusters and availability
of chemical-free inputs to farmers like organic fertilizers, while the
Government of India is also aiming to double farmers’ income by 2022. In a
three year duration from 2017 to 2020, India has received about USD1 billion
for AgroTech funding. The amount of funding is anticipated to increase crossing
investment value over USD30 billion by the year FY2027.
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Market Segmentation
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. By form, the market is
divided between dry and liquid forms of organic fertilizers. Crop type, market
segment is bifurcated into cereals & grains, oilseed & pulses, fruits
& vegetables, and others. Based on source, the market is differentiated
between domestic and import. The India organic fertilizer market analysis also
studies the regional segmentation divided among North India region, South India
region, East India region, and West India region.
Company Profile
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, are some of the major market players in the country that lead the
market growth analysis.
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Attribute
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Details
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Base Year
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FY2021
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Historic Data
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FY2017 – FY2020
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Estimated Year
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FY2022
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Forecast Period
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FY2023 – FY2027
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Quantitative Units
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Revenue in USD Million, Volume in units, and CAGR for FY2017 –
FY2020 and FY2023 – FY2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Origin
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Form
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Crop Type
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Source
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Regional scope
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North; South; East; West;
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Key companies profiled
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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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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, India organic fertilizer market is segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- India Organic Fertilizer Market, By
Origin:
o Animal
o Plant
o Mineral
- India Organic Fertilizer Market, By
Form:
- India Organic Fertilizer Market, By
Crop Type:
- Cereals & Grains
- Oilseed & Pulses
- Fruits & Vegetables
- Others
- India Organic Fertilizer Market, By
Source:
- India Organic Fertilizer Market, By
Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India organic fertilizer market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India Organic fertilizer Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]