Market Overview
The India biostimulants market size was valued at USD 355.53 million in 2024. The market is projected to grow from USD 410.78 million in 2025 to USD 1,135.96 million by 2032, exhibiting a CAGR of 15.64% during the forecast period. There is a rising demand for organic farming and an increasing yield per hectare investment to bolster market development. Fortune Business Insights™ provides this information in its report titled “India Biostimulants Market, 2025-2032.”
Biostimulants are biologically-derived substances applied to soil or plants to improve biotic and abiotic stress tolerance, nutrient uptake ability, and pest protection. Robust demand for organic foods fuels the adoption of organic farming, which, in turn, may boost the product’s adoption. Further, rising investments to improve yield per hectare may bolster the product’s demand. These factors may propel the India biostimulants market share in the coming years.
List of Key Players Profiled in the Report:
Rallis India Ltd. (India)
Gujarat State Fertilizers & Chemicals Limited (India)
PI Industries (India)
Bayer AG (Germany)
UPL Limited (India)
FMC Corporation (U.S.)
BASF SE (Germany)
Southern Petrochemical Industries Corporation (India)
Novozymes (Denmark)
Syngenta (Switzerland)
Segments
By source, the market is bifurcated into microbial and non-microbial. As per active ingredient, it is classified into seaweed extracts, humic substances, vitamins & amino acids, microbial amendments, and others. Based on application, it is classified into foliar treatment, soil treatment, and seed treatment. Based on crop type, it is clubbed into row crops, fruits & vegetables, turf & ornamentals, and others.
Source: https://www.fortunebusinessinsights.com/india-biostimulants-market-106785
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Risks Associated with Synthetic Chemicals Adoption in Agriculture to Bolster Market Development
Pesticides and fertilizers have been used extensively in the agricultural sector due to their effectiveness. However, concerns regarding their risks to human health have increased the adoption of organic counterparts. Biostimulants are a highly effective and organic alternative to chemical farming that improve crop quality and are completely safe. Furthermore, the rising demand for organic foods from the population fuels the adoption of chemical-free products. Moreover, increasing government support for the adoption of organic farming may boost product adoption. Additionally, the rising awareness among farmers regarding agrochemicals is expected to drive the India biostimulants market growth.
However, sub-optimal marketing and commercialization of the product may hinder the market’s progress.
Competitive Landscape
Companies Launch Novel Products to Bolster Brand Image
The prominent companies operating in the market announce novel products to boost their convenience and enhance their brand image. For example, Tradecorp announced its biostimulant Biimore, known as Quikon, in India in October 2021. It is used to develop pre-flowering in broadacre legume crops, tree crops, and horticultural crops. This development may enable the company to enhance its brand image. Furthermore, companies adopt research and development, mergers, acquisitions, expansions, and attractive pricing to boost their market position.
Key Industry Development
March 2023: Telluris Biotech, a Hyderabad-based company engaged in the manufacturing and supplying of crop protection solutions, planned to raise USD 12 million. The company has received provisional registration for its biostimulant products and plans to increase crop productivity and quality through new launches and certifications.