India Agricultural Biologicals Market Report and Forecast 2024-2032

According to this report, the India agricultural biologicals market size reached a value of USD 535.83 million in 2023. Aided by the rising demand for organic products and the growing need for sustainable agricultural practices, the market is projected to further grow at a CAGR of 10.1% between 2024 and 2032 to reach a value of USD 1282.82 million by 2032.

The India agricultural biologicals market growth in India is primarily driven by the increasing awareness among farmers about the benefits of sustainable farming practices, along with the support of governmental initiatives promoting organic farming.

The key driver for the market is the increasing shift towards organic farming. As consumers become more health-conscious and concerned about the environmental impact of conventional farming, the demand for organic and residue-free produce is growing which propels the India agricultural biologicals market expansion. This shift is encouraging farmers to adopt biological products that are compliant with organic farming standards.

Additionally, the Indian government's push towards sustainable agricultural practices through various subsidies and programs is also propelling the market growth. Initiatives aimed at reducing the chemical load in agriculture and promoting bio-based alternatives are gaining traction across the country.

As per the India agricultural biologicals market analysis, there is a growing preference for biopesticides over chemical pesticides among Indian farmers. Biopesticides are derived from natural materials like animals, plants, bacteria, and certain minerals. They tend to be less toxic than conventional pesticides, degrade faster and are generally safer for the environment and human health. The government's push towards reducing chemical loads in agriculture is further accelerating this trend.

As per the India agricultural biologicals market outlook, soil health is becoming a central concern among farmers and policymakers. Agricultural biologicals such as biofertilisers and soil conditioners are gaining traction due to their ability to enhance soil fertility and structure while minimising the environmental impact. Products that can rehabilitate soil affected by overuse of chemical inputs are particularly in demand.

Advancements in biotechnology are playing a crucial role in the development of agricultural biologicals. Genetic engineering and microbial research in the agricultural biologicals market in India are leading to the creation of more effective and targeted biological products. These innovations help enhance crop resistance to pests and diseases, improve yield, and increase stress tolerance, aligning with the needs of sustainable agriculture.

Precision agriculture techniques are being increasingly adopted across India, incorporating data and technology to make farming more accurate and controlled. Agricultural biologicals are compatible with these practices as they can be specifically targeted and controlled, minimising waste and maximising efficiency.

Regionally, the demand for agricultural biologicals is distributed across various states of India, with higher adoption rates in regions where organic farming is more prevalent which also boosts the India agricultural biologicals market share. States like Sikkim, which is India's first fully organic state, along with Kerala and Karnataka, show significant market penetration due to strong government support and farmer awareness.

The Indian government is actively promoting the use of agricultural biologicals through various initiatives and support mechanisms. Subsidies for organic farming, training programs for farmers on the benefits and application of biological products, and support for organic certification are some of the measures being implemented. Such policies are intended to reduce the dependency on synthetic agrochemicals and promote sustainable agricultural practices.

Market Segmentation

The market can be divided based on source, type, application, crop type, and region.

Market Breakup by Source

• Microbial
• Biochemical

Market Breakup by Type

• Biopesticides
• Biostimulation
• Biofertiliser

Market Breakup by Application

• Foliar Spray
• Soil Treatment
• Seed Treatment

Market Breakup by Crop Type

• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetables
• Others

Market Breakup by Region

• North India
• East India
• West India
• South India

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India agricultural biologicals market. Some of the major players explored in the report are as follows:

• Bayer AG
• Ajay Bio-Tech (I) Ltd.
• Valent BioSciences LLC
• UPL Ltd.
• Gujarat State Fertilizers & Chemicals Limited
• Indian Farmers Fertiliser Cooperative Limited.
• IPL Biologicals Ltd.
• Rallis India Ltd.
• Madras Fertilizers Limited.
• Coromandel International Limited
• Others