India Biostimulants Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2029

The India Biostimulants Market is segmented by Form ( Amino Acids, Fulvic Acid, Humic Acid, Protein Hydrolysates, Seaweed Extracts ) and by Crop Type ( Cash Crops, Horticultural Crops, Row Crops )

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India Biostimulants Market Size

India Biostimulants Market Summary
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https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Base Year For Estimation 2022
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR 10.42 %
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Form Seaweed Extracts
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Form Amino Acids
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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India Biostimulants Market Analysis

The India Biostimulants Market is projected to register a CAGR of 10.42%

  • Seaweed Extracts is the Largest Form : Seaweed extract biostimulants shows beneficial effects on plants increases overall plant growth and productivity and increases resistance to biotic and abiotic stresses.
  • Amino Acids is the Fastest-growing Form : Amino acids can be used at any stage of cultivation and improve the stages of rooting, growth, flowering, fruit set, and fattening, in biotic and abiotic stress conditions
  • Row Crops is the Largest Crop Type : Wheat, paddy, sorghum, millet, barley, and maize are the most important cereal crops grown in the country. Seaweed extracts are most consumed biostimulants in the row crops.
  • Row Crops is the Fastest-growing Crop Type : Row crops are dominating the India biostimulant market holding 86.2% in 2022, this is because of row crops are accounted for largest organic cultivation area in the country.

India Biostimulants Market Trends

This section covers the major market trends shaping the India Biostimulants Market according to our research experts:

Seaweed Extracts is the largest Form

  • Many biostimulants as active ingredients are used in the Indian biostimulants market, including humic acid, fulvic acid, amino acids, protein hydrolysates, seaweed extracts, chitosan, biopolymers, and other biostimulants such as plant and animal derivatives. The Indian biostimulants market was valued at USD 153.2 million in 2022 and grew by 15.7% between 2017 and 2022.
  • Seaweed extract biostimulants have the largest market share in the Indian biostimulants market, accounting for 37.4% in 2022, with a market value of USD 57.2 million in 2022. This is due to their ability to improve the overall health of the plant, as well as their ability to improve stress tolerance, root growth, nutrition and water intake, plant growth, and crop yield.
  • Row crops accounted for 86.2% of the biostimulants market value in 2022. This is because row crops accounted for approximately 82.3% of the total organic crop area in the country in 2022. Cash crops and horticultural crops account for 11.2% and 2.6% of the biostimulants market, respectively, in 2022.
  • As the demand for organic food items is on the rise, the Indian government is promoting the production of organic crops, fruits, and vegetables through various schemes, like National Horticulture Mission, Horticulture Mission for North East and Himalayan States, Rashtriya Krishi Vikas Yojana, National Project on Management of Soil Health and Fertility, National Project on Organic Farming, Network Project on Organic Farming under Indian Council of Agricultural Research, and Paramparagat Krishi Vikas Yojana. These initiatives will boost the Indian biostimulants market.
  • The Indian biostimulants market value is anticipated to grow by 81.2% during the forecast period, with a CAGR of 10.4%.
India Biostimulants Market: India Biostimulants Market, CAGR, %, By Form, 2023 - 2029

India Biostimulants Industry Overview

The India Biostimulants Market is fragmented, with the top five companies occupying 10.77%. The major players in this market are Biostadt India Limited, Coromandel International Ltd, Southern Petrochemical Industries Corporation, T.Stanes and Company Limited and Valagro (sorted alphabetically).

India Biostimulants Market Leaders

  1. Biostadt India Limited

  2. Coromandel International Ltd

  3. Southern Petrochemical Industries Corporation

  4. T.Stanes and Company Limited

  5. Valagro

*Disclaimer: Major Players sorted in no particular order

India Biostimulants Market Concentration
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India Biostimulants Market News

  • September 2022: Corteva Agriscience signed an agreement to acquire Symborg, a biologicals-based company, as a part of its strategy to expand its biologicals portfolio. The move was aimed at helping Corteva Agriscience in achieving its aim to become a global leader in the agricultural biologicals market.
  • July 2022: Corteva Agriscience introduced Sosdia Stress, an abiotic stress mitigator, to help farmers better manage drought-stressed crops. This product is derived from amino acids of natural origin.
  • February 2022: Gujarat State Fertilizers & Chemicals Ltd launched the Urban Sardar organic fertilizer, an eco-friendly and non-toxic product containing organic sources of nutrients best suitable for all flowering plants and ornamental plants, gardens, and kitchen gardening.

India Biostimulants Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Area Under Organic Cultivation

    2. 2.2. Per Capita Spending On Organic Products

    3. 2.3. Regulatory Framework

    4. 2.4. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION

    1. 3.1. Form

      1. 3.1.1. Amino Acids

      2. 3.1.2. Fulvic Acid

      3. 3.1.3. Humic Acid

      4. 3.1.4. Protein Hydrolysates

      5. 3.1.5. Seaweed Extracts

      6. 3.1.6. Other Biostimulants

    2. 3.2. Crop Type

      1. 3.2.1. Cash Crops

      2. 3.2.2. Horticultural Crops

      3. 3.2.3. Row Crops

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. Biostadt India Limited

      2. 4.4.2. Coromandel International Ltd

      3. 4.4.3. Corteva Agriscience

      4. 4.4.4. GrowTech Agri Science Private Limited

      5. 4.4.5. Gujarat State Fertilizers & Chemicals Ltd

      6. 4.4.6. Indian Farmers Fertiliser Cooperative Limited

      7. 4.4.7. Rallis India Ltd

      8. 4.4.8. Southern Petrochemical Industries Corporation

      9. 4.4.9. T.Stanes and Company Limited

      10. 4.4.10. Valagro

  7. 5. KEY STRATEGIC QUESTIONS FOR AGRICULTURAL BIOLOGICALS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. INDIA BIOSTIMULANTS MARKET, AREA UNDER ORGANIC CULTIVATION, HECTARES, 2017 - 2022
  1. Figure 2:  
  2. INDIA BIOSTIMULANTS MARKET, PER CAPITA SPENDING ON ORGANIC PRODUCTS, USD, 2017 - 2022
  1. Figure 3:  
  2. INDIA BIOSTIMULANTS MARKET, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 4:  
  2. INDIA BIOSTIMULANTS MARKET, VALUE, USD, 2017 - 2029
  1. Figure 5:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 6:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 7:  
  2. INDIA BIOSTIMULANTS MARKET, VOLUME SHARE(%), BY FORM, 2017 - 2029
  1. Figure 8:  
  2. INDIA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2017 - 2029
  1. Figure 9:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 10:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 11:  
  2. INDIA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 12:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 13:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 14:  
  2. INDIA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 15:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 16:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 17:  
  2. INDIA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 18:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 19:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 20:  
  2. INDIA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 21:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 22:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 23:  
  2. INDIA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 24:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 25:  
  2. INDIA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 26:  
  2. INDIA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 27:  
  2. INDIA BIOSTIMULANTS MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 28:  
  2. INDIA BIOSTIMULANTS MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
  1. Figure 29:  
  2. INDIA BIOSTIMULANTS MARKET, VOLUME SHARE(%), BY CROP TYPE, 2017 - 2029
  1. Figure 30:  
  2. INDIA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2017 - 2029
  1. Figure 31:  
  2. INDIA BIOSTIMULANTS MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 32:  
  2. INDIA BIOSTIMULANTS MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
  1. Figure 33:  
  2. INDIA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 34:  
  2. INDIA BIOSTIMULANTS MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 35:  
  2. INDIA BIOSTIMULANTS MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
  1. Figure 36:  
  2. INDIA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 37:  
  2. INDIA BIOSTIMULANTS MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 38:  
  2. INDIA BIOSTIMULANTS MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
  1. Figure 39:  
  2. INDIA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 40:  
  2. INDIA BIOSTIMULANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017-2022
  1. Figure 41:  
  2. INDIA BIOSTIMULANTS MARKET, MOST ADOPTED STRATEGIES, 2017-2022
  1. Figure 42:  
  2. INDIA BIOSTIMULANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2022

India Biostimulants Industry Segmentation

Amino Acids, Fulvic Acid, Humic Acid, Protein Hydrolysates, Seaweed Extracts are covered as segments by Form. Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type.
Form
Amino Acids
Fulvic Acid
Humic Acid
Protein Hydrolysates
Seaweed Extracts
Other Biostimulants
Crop Type
Cash Crops
Horticultural Crops
Row Crops
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Market Definition

  • AVERAGE DOSAGE RATE - This refers to the average volume of biostimulants applied per hectare of farmland in the country.
  • CROP TYPE - Row Crops: Cereals, Pulses, Oilseeds, and Forage Crops Horticulture: Fruits, and Vegetables, Cash Crops: Plantation Crops and Spices.
  • FUNCTIONS - Biostimulants
  • MARKET ESTIMATION LEVEL - Market Estimations for various types of biostimulants has been done at the product-level.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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India Biostimulants Market Research FAQs

The India Biostimulants Market size is expected to reach USD 171.11 million in 2023 and grow at a CAGR of 10.42% to reach USD 310.14 million by 2029.

In 2023, the India Biostimulants Market size is expected to reach USD 171.11 million.

Biostadt India Limited, Coromandel International Ltd, Southern Petrochemical Industries Corporation, T.Stanes and Company Limited and Valagro are the major companies operating in the India Biostimulants Market.

In the India Biostimulants Market, the Seaweed Extracts segment accounts for the largest share by form.

In 2023, the Amino Acids segment accounts for the fastest growing by form in the India Biostimulants Market.

India Biostimulants Industry Report

Statistics for the 2023 India Biostimulants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports.  India Biostimulants analysis includes a market forecast outlook to 2029 and historical overview.  Get a sample of this industry analysis as a free report PDF download.

India Biostimulants Report Snapshots