Market Overview: India Biostimulants Market
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India Biostimulants Market Insights 2022-27
The India Biostimulants Market is projected to grow at a CAGR of around 15.4% during the forecast period, i.e., 2022-27.
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Top Players in the India Biostimulants Market:
- Indian Farmers Fertiliser Cooperative (IFFCO)
- AgriLife (SOM Phytopharma (India) Limited)
- BASF SE
- Acadian Seaplant Ltd.
- Isagro SPA – Gowan Company
- Valagro Inc.
- Bayer AG
- Koppert Biological Systems
- Eastman Chemical Company.
- United Phosphorus Ltd
- Hifield Organics Inc.
- Biostadt India Limited
- Tradecorp APC Pty Ltd
Segmentation Analysis of India Biostimulants Market
India Biostimulants Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Application
- Foliar
- Soil Treatment
- Seed Treatment
Of them all, the Foliar application held the largest market share & the same trend is likely to be followed in the coming years, owing to the increasing demand to maximize crop production efficiency using biostimulants through the foliar spray. Besides, this application provides advantages over other treatments as foliar spray enables the crop to absorb & take up the nutrients directly.
In addition, this application of biostimulants taken from sewage sludge has shown improved levels of macro & micro-nutrients in the leaves of high-value crops like rice, maize, wheat, etc. It is another crucial aspect projected to maximize the demand for Foliar application in the coming years, reveals MarkNtel Advisors in their research report, “India Biostimulants Market Analysis, 2022.”
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-By Type
- Acid Biostimulants
- Extract Biostimulants
- Microbial Biostimulants
-By Crop Type
- Fruits
- Vegetables
- Cereals & Grains
- Turfs
- Ornamentals
- Other (Oil Seeds, Pulses, etc.)
A Comprehensive Geographical Analysis:
-By Region
- North
- East
- West
- South
Of all the Indian states, Punjab is considered the most fertile land for agriculture, and it is the best for the production of high-value crops like wheat, rice, and others like sugarcane, fruits, & vegetables. Additionally, with the increasing population and need to suffice their food requirements, agriculture practices are booming in the state, due to which, the demand for biostimulants is also rising significantly.
On the other hand, Uttar Pradesh is one of the top farming states in India, principally for the production of crops like bajra, rice, grains, etc. The burgeoning demand for biostimulants in Uttar Pradesh owes to the extensive sugarcane production in the state.
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