IMARC Group’s report titled “Indian Bio Agriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″. offers a comprehensive analysis of the industry, which comprises insights on the Indian bio agriculture market share. The market size reached INR 62,249 Million in 2022. Looking forward, IMARC Group expects the market to reach INR 97,147 Million by 2028, exhibiting a growth rate (CAGR) of 7.3% during 2023-2028.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/indian-bio-agriculture-industry/requestsample
Factors Affecting the Growth of the Indian Bio Agriculture Industry:
- Increasing Environmental Awareness:
Environmental awareness is highlighting the adverse effects of chemical pesticides and fertilizers on soil and water quality. Farmers are increasingly adopting bio agriculture practices to minimize chemical usage, leading to healthier ecosystems in India. Bio agriculture emphasizes the preservation of biodiversity through crop rotation, companion planting, and natural pest control methods. This aligns with the environmental ethos of conserving diverse plant and animal species. Traditional farming practices often degrade soil quality over time. Environmental awareness is driving the adoption of bio agriculture, which focuses on enhancing soil health through organic matter, microbial activity, and reduced soil erosion.
- Government Initiatives:
Government of India provides subsidies and financial assistance to farmers who transition to organic and bio agriculture. This includes subsidies on organic inputs, machinery, and equipment, making it more financially viable for farmers. To ensure the authenticity and quality of organic products, the government offers certification support to farmers and cooperatives. This helps build trust among consumers and enables farmers to access premium markets. Government agencies also conduct training programs and workshops to educate farmers about bio agriculture practices. These programs enhance farmers’ knowledge and skills in organic farming techniques.
- Health and Wellness Trends:
Health-conscious consumers in India are wary of chemical residues in food products. Bio agricultural practices emphasize the reduction or elimination of synthetic chemicals, making organic produce an attractive choice. Organic and bio agricultural products are perceived as having higher nutritional value due to the absence of synthetic fertilizers and pesticides. This perception is driving the demand for such products. Consumers are drawn to bio agricultural products as they believe they are healthier and safer to consume. This perception is reinforced by studies showing lower pesticide levels in organic produce.
Indian Bio Agriculture Market Report Segmentation:
By Segment:
- Transgenic Crops
- Biofertilizers
- Biopesticides
Transgenic crops represented the largest segment in the market due to their ability to enhance crop productivity, resist pests and diseases, and withstand adverse environmental conditions, which appeal to farmers looking to optimize yields and reduce losses.
Regional Insights:
- North India
- South India
- East India
- West India
West India enjoys the leading position in the Indian bio agriculture market on account of its favorable agro-climatic conditions for a wide range of organic and bio agricultural practices, including the cultivation of various crops and livestock, making it a hub for sustainable and eco-friendly farming activities.
Indian Bio Agriculture Market Trends:
Government initiatives and subsidies are driving the adoption of bio agriculture practices among farmers in the country. There is a growing diversification of crops cultivated using bio agriculture methods, including cereals, fruits, vegetables, and medicinal herbs.
The trend extends to organic livestock farming, with a focus on chemical-free animal husbandry practices.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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