India Biostimulants Market Size & Outlook, 2022-2030
India biostimulants market, 2018-2030 (US$M)
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India biostimulants market highlights
- The India biostimulants market generated a revenue of USD 79.2 million in 2022 and is expected to reach USD 189.7 million by 2030.
- The India market is expected to grow at a CAGR of 11.5% from 2023 to 2030.
- In terms of segment, acid based was the largest revenue generating active ingredients in 2022.
- Seaweed Extract is the most lucrative active ingredients segment registering the fastest growth during the forecast period.
Biostimulants market data book summary
| Market revenue in 2022 | USD 79.2 million |
| Market revenue in 2030 | USD 189.7 million |
| Growth rate | 11.5% (CAGR from 2022 to 2030) |
| Largest segment | Acid based |
| Fastest growing segment | Seaweed Extract |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acid Based, Seaweed Extract, Microbial, Other Active Ingredients |
| Key market players worldwide | Isagro, Basf SE, Calumet Specialty Products Partners LP, Novozymes, Adecoagro SA, Italmobiliare SpA, Koppert |
Other key industry trends
- In terms of revenue, India accounted for 3.0% of the global biostimulants market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biostimulants market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 189.7 million by 2030.
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Biostimulants Market Scope
Biostimulants Market Companies
| Name | Profile | # Employees | HQ | Website |
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India biostimulants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biostimulants market will help companies and investors design strategic landscapes.
Acid based was the largest segment with a revenue share of 48.11% in 2022. Horizon Databook has segmented the India biostimulants market based on acid based, seaweed extract, microbial, other active ingredients covering the revenue growth of each sub-segment from 2018 to 2030.
Growing population, the rising demand for environment-friendly organic products, and increasing purchasing power of the consumers are propelling the demand for high-quality foods that are safe to consumer. Bio stimulants are an effective alternative for chemical-based fertilizers and act as plant growth promoters.
Modernization in agriculture farming techniques is further contributing to the market growth of bio stimulants in India. Various companies in India, such Bio stadt India Limited, are engaged in offering customized solutions based on crop type and soil type.
Bio stimulant market in India is characterized by the presence of a number of local as well as unorganized players. Established market players face stiff competition due to the presence of low-quality products manufactured by these unorganized players.
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Our clientele includes a mix of biostimulants market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India biostimulants market , including forecasts for subscribers. This country databook contains high-level insights into India biostimulants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India biostimulants market size, by active ingredients, 2018-2030 (US$M)
India Biostimulants Market Outlook Share, 2022 & 2030 (US$M)
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