Indian Bio Agriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Indian Bio Agriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The Indian bio agriculture market size reached INR 62,249 Million in 2022. Looking forward, IMARC Group expects the market to reach INR 97,147 Million by 2028, exhibiting a growth rate (CAGR) of 7.3% during 2023-2028.

Bio agriculture is a method of growing high-quality and nutritious produce without the use of significant amounts of conventional fertilizers and pesticides. It relies on aerobic compost and associated liquid inoculums, bio-fertilizers and other organic additives and good management techniques to build optimum soil. It protects the environment by reducing water contamination with chemicals and pesticides. It assists in cropping cycles, increasing the organic materials and stimulating the reproduction of animals and plants. At present, there is a rise in the demand for bio agriculture in India as it reduces the use of non-renewable energy while decreasing global warming.

Indian Bio Agriculture Market Trends:

The growing awareness among the masses about the benefits of bio-fertilizers, biofuels, and bio-pesticides represents one of the key factors driving the market in India. Moreover, there is an increase in the demand for bio agriculture for breeding nutritious, high-yielding, and less resource input-demanding crops. This, along with the surging demand for food due to the rising population in the country, is propelling the growth of the market. In addition, the escalating demand for organic food products as they are grown naturally with manure or compost is positively influencing the market. Besides this, the increasing health consciousness among the masses is offering lucrative growth opportunities to industry investors in India. Apart from this, the Government of India is promoting sustainable agriculture due to degrading topsoil, declining groundwater levels, and reducing biodiversity. In line with this, farmers are focusing on bio agriculture due to the reduced health risks resulting from the use of toxic substances, which is strengthening the growth of the market

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Indian bio agriculture market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on segment.

Breakup by Segment:

Transgenic Crops

Biofertilizers

Biopesticides

Transgenic crops exhibit a clear dominance in the market of India as they help produce an increased supply of food with reduced cost and longer shelf life

Breakup by Region:

North India

South India

East India

West India

West India holds the largest market share on account of the rising awareness among the farmers about the benefits of bio agriculture.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.

Key Questions Answered in This Report:

How has the Indian bio agriculture market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the Indian bio agriculture market?

What is the breakup of the Indian bio agriculture market on the basis of various segments?

What is the breakup of the Indian bio agriculture industry on the basis of region?

What are the various stages in the value chain of the Indian bio agriculture industry?

What are the key driving factors and challenges in the Indian bio agriculture industry?

What is the structure of the Indian bio agriculture industry and who are the key players?

What is the degree of competition in the Indian bio agriculture industry?