India Biofertilizers Market Outlook

india has been known for its high level of agricultural production throughout its history, and today, the biological fertilizers market in india is continuing to grow. although fertilizers account for more than half of the fertilizer use in india, the use of biofertilizers has grown substantially over the past several years. the increased availability of biofertilizers has led to an increase in their affordability and a growing demand by farmers for this alternative to traditional chemical fertilizers. biofertilizers are natural, safe and eco-friendly products that are used in combination with traditional chemical fertilizers to supplement the essential elements in the soil. they are derived from bacterial, fungal and algal strains and are known to enhance germination, plant growth, root development and overall productivity of crops. the key drivers for the growth of biofertilizers in india include the growing awareness about environmental sustainability and the potential health risks associated with synthetic fertilizers. incentives given by the government of india to promote and subsidize the usage of biofertilizers have also been instrumental in this growth. in 2015, the government of india launched the ‘national programme on fy2016 - 2020’, with an outlay of rs 2,800 crore to foster the expansion of biolfertilisers and develop their distribution network. in the near future, the demand for biofertilizers is expected to be buoyed by the introduction of the pradhan mantri krishi sinchai yojana, which is a new government scheme aiming to focus on harnessing the water resources of the country by promoting best practices in irrigation. furthermore, the indian government has also mandated that organic fertilizers be used in agriculture to increase the sustainability of the sector. in conclusion, with increasing awareness and the government’s move to actively promote biofertilizers, the demand for this product has grown significantly in recent years and is expected to remain strong for the foreseeable future. the government’s support has also enabled local manufacturers to expand their production capacities to meet this growing demand and create sustainable business opportunities in the biofertilizers market.