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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