IMARC Group has recently released a new research study titled “Indian Bio Agriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, which offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Indian bio agriculture industry?
The Indian bio agriculture market reached a value of INR 57,162 Million in 2021. Looking forward, IMARC Group expects the market to reach INR 90,709 million by 2027, exhibiting a CAGR of 7.6% during 2022-2027.
What is bio-agriculture?
Bio agriculture refers to the methods of growing high-quality and nutritious produce without the use of conventional fertilizers and pesticides. They rely on aerobic compost and associated liquid inoculums, organic additives, bio-fertilizers, and good management procedures to build optimum soil. Bio agriculture practices protect the environment by reducing water contamination with harmful pesticides and chemicals. They even reduce the use of non-renewable energy and stimulate the reproduction of animals and plants. As a result, bio-agriculture techniques are extensively used by farmers in India.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the Indian bio agriculture market?
The elevating awareness about the benefits of biofuels, bio-fertilizers, and bio-pesticides and the inflating demand for organic food products which are grown naturally with manure or compost, owing to the increasing health consciousness among the masses are among the key factors driving the Indian bio agriculture market in India. In addition to this, the growing need for food, on account of the expanding population, is acting as another significant growth-inducing factor.
Besides this, the escalating usage of the farming procedure for breeding high-yielding, nutritious, and less resource input-demanding crops and the shifting preferences toward transgenic crops that help produce an improved supply of food with reduced cost and longer shelf life are also positively influencing the market across the country. Moreover, the rising degradation of topsoil, reduction in biodiversity, and decline in groundwater levels and the launch of several favorable policies by the government bodies aimed at promoting sustainable agriculture to lower harmful effects on the environment and health risks resulting from the use of toxic substances are expected to propel the Indian bio agriculture market over the forecasted period.
Indian Bio Agriculture Market 2022-2027 Analysis and Segmentation:
The report has segmented on the basis of segment and region.
Based on the segment:
Transgenic crops
Biofertilizers
Biopesticides
Bases on region:
North India
South India
East India
West India.
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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