According to TechSci Research report, “India Agricultural Biologicals Market By Function (Crop Protection and Crop Enhancement), By Product Type (Microbials, Macrobials, Semiochemicals, Natural Products, By Mode of Application (Foliar spray, Soil Treatment and Seed treatment), By Crop Type (Cereals Grains, Oilseeds Pulses, Fruits Vegetables, Other), By Region, Competition, Forecast Opportunities, 2025”, India agricultural biologicals market is expected to witness a formidable CAGR during the forecast period. Continuous use of toxic pesticides as well as fertilizers has altered soil nutrients, which in turn is leading to increased demand for agricultural biologics, thereby accounting for the growth of India agricultural biologicals market.
Important Elements of India Agricultural Biologicals Market
Moreover, the loss of biological activities in soil and degrading soil health is encouraging the farmers to opt for organic farming practices, which is expected to bode well for the growth of Indian agricultural biologicals market through the forecast period. In addition to this, the rise in awareness among farmers regarding the use of biologicals is positively influencing the growth of India agricultural biologicals market.
Also, their chemical-free and eco-friendly properties such as low harmful residues produced are making headway for the growth of India agricultural biologicals market. However, the major challenge restricting the growth of the agricultural biologicals market is the barrier to its adoption, which might result in to lower penetration of biologicals.
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India agricultural biologicals market can be segmented based on function, product type, mode of application, crop type, company, and region. Considering the product type, the market is fragmented into microbial, microbial, semiochemicals, natural products, and others. Here, the microbial segment dominated the India agricultural biologicals market until 2019 and is further anticipated to maintain its dominance during the forecast period as well.
The availability of strains along with ease of production is some of the key factors leading to the dominance of microbial in the agricultural biologicals market. Moreover, its high rate of adoption among farmers is further contributing to the growing trend. Additionally, utilization of microbial is pretty simple, as it does not need the user to have specific technical knowledge. This factor is resulting in high acceptance of microbial solutions when compared to other types of agricultural biologicals among cultivators.
The Major competitors of the India Agricultural Biologicals Market
- BASF India Ltd.
- Isagro Asia Agrochemicals Pvt. Ltd
- Syngenta India Inc.
- Bayer (India) Limited
- Evogene Hybrid Seeds Pvt. Ltd.
- Lallemand India Pvt. Ltd.
- Koppert Biological Systems India Pvt. Ltd.
- Biochim
- Geolife Agritech India Pvt
- Bio Pest Management Pvt. Ltd, among others, is the leading player operating in India agricultural biologicals market. The players are adopting several growth strategies to enhance the market scenario of agricultural biologicals. Other competitive strategies include product launches; mergers acquisitions; agreements, partnerships, and collaborations; and expansions to diversify their product portfolio in order to strengthen their market position.
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“India agricultural biologicals market is expected to witness high growth during the next five years on account of favorable government regulations supporting the use of organic products. Furthermore, continuous research and development activities along with the surging requirement for new innovations is further expected to boost the market growth for agricultural biologicals in India over the coming years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Agricultural Biologicals Market, By Function (Crop Protection and Crop Enhancement), By Product Type (Microbials, Macrobials, Semiochemicals, Natural Products, By Mode of Application (Foliar spray, Soil Treatment and Seed treatment), By Crop Type (Cereals Grains, Oilseeds Pulses, Fruits Vegetables, Other), By Region, Competition, Forecast Opportunities, 2025” has evaluated the future growth potential of India agricultural biologicals 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 agricultural biologicals market.
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