According to TechSci report on, “India Bio Stimulants Market By Active Ingredient (Acid Based, Microbial, Seaweed Extracts, Others), By Mode of Application (Foliar, Soil, Seed), By Crop Type (Row Crops & Cereals, Fruits & Vegetables, Turf & Ornamentals, Others), By Form (Liquid v/s Dry), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, FY2027”, India bio stimulants market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. India bio stimulants market owes its growth to the factors like surging demands for the organic and environment friendly crop stimulants. The deterioration of the agricultural lands in the country due to use of chemically infused products and synthetic plant growing products is also one of the major driving factors for the India bio stimulants market in the upcoming five years. Moreover, rapidly increasing number of organic farms is supporting the growth of the India bio stimulants market in the next five years. Additionally, rising concerns among the population regarding health of the agricultural lands, crop food for consumption, and advanced farming practices is aiding the growth of the India bio stimulants market in the future five years. Government initiatives and favorable policies and schemes are further stimulating the growth of the India bio stimulants market in the forecast period, until FY2027.
A naturally derived additive or microorganism applied to crops to enhance nutrition efficiency, abiotic stress tolerance, and crop quality is termed as bio stimulant. Application of the same to plants like fruits & vegetables, oilseeds & pulses, cereals and other crops is beneficial in terms of higher yielding crops. It consists of naturally occurring growth hormones and nutrition enrichment that support sustainable agricultural practices such as improved soil fertility and maintaining a natural and viable ecosystem for the soil flora and fauna.
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The India bio stimulants market segmentation is based on active ingredient, mode of application, crop type, form, source, regional distribution, top 3 states analysis in each region, and competitional landscape. Based on mode of application, the market is further bifurcated into foliar, soil, seed. Foliar treatment is anticipated to hold the largest revenue shares of the market and dominate the market segment on the account of its application through foliar sprays. The foliar treatment potentially maximizes the production efficiency in several crops. Its treatment has higher efficiency for high-value crops. Convenience to apply the same further aids the growth of the India bio stimulants market in the next five years. Seed treatments are rapidly growing segment and is expected to generate highest CAGR value on the account of increased research and technological advancement in the application of seed treatment. Moreover, the crops with seed treatment generates higher yielding crops and thus substantiate the growth of the India bio stimulant market in the future five years.
India bio stimulants market has some of the major market players leading the market like, UPL Limited, DCM Shriram Farm Solutions, Biostadt India Limited, BASF India Ltd., T. Stanes & Company Limited, Acadian Seaplants Ltd (ASL), Valagro India, Devi Cropscience Pvt Ltd, Sadguru Chemicals & Fertilizers, Gayatri Herbals Pvt.Ltd, among others. Major market players are actively dedicated in the research and development of the advanced products such that the consumer’s demand could be fulfilled. Consistent research ensures the future launches for the better products and services. With rapidly surging demand for the advanced products, the new market entrants would be able to establish their brand and thus their market-place. Other strategies include collaborations and partnerships with the pre-existing market players or the research institutes such that government funding can be availed for the product development.
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“The current situation of using bio stimulants in India for seed treatment is very limited. The lack of knowledge and awareness among the farmers and cultivators, require future improvisations. Commercially hybrid seeds are actively treated before sowing. Indian government is launching new schemes and techniques to provide information as well as the vaccination to the seeds for the protection as well as to enhance their yields. Indian economy is heavily dependent on the agricultural practices and the revenue thus generated. The industry is booming due to advanced and evolving agricultural practices. New market players must concentrate on the production and launch of advanced bio stimulants that replenishes the soil quality of the agricultural land in the country. Government initiatives and private funding is expected to aid the market players in their brand establishment. Development of the bio stimulants that replenishes the quality of the soil enhances the seed quality aids latest product launch for the market players in the country,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Bio Stimulants Market By Active Ingredient (Acid Based, Microbial, Seaweed Extracts, Others), By Mode of Application (Foliar, Soil, Seed), By Crop Type (Row Crops & Cereals, Fruits & Vegetables, Turf & Ornamentals, Others), By Form (Liquid v/s Dry), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India Bio stimulants 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 Bio stimulants market.
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