India Biostimulants Market Value to Reach USD 1,135.96 million by 2032; Growing Government Support to Boost Use of Eco-Friendly Fertilizers to Boost Market Progress

The global 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.

Fortune Business Insights™ presents this information in its latest report titled “India Biostimulants Market Size, Share & COVID-19 Impact Analysis, By Source (Microbial and Non-microbial), By Active Ingredient (Seaweed Extracts, Humic Substances, Vitamins & Amino Acids, Microbial Amendments, and Others), By Application (Foliar Treatment, Soil Treatment, and Seed Treatment), By Crop Type (Row Crops, Fruits & Vegetables, Turf & Ornamentals, and Others), and Forecast, 2025-2032”.

Biostimulants, also known as plant stimulants, are natural substances that significantly improve the soil and plant health by protecting them from various diseases and enhancing their nutrient retention properties. They are unique single products that offer many avenues for crop growth, unlike the traditional crop protection chemicals. Since the overuse of synthetic chemicals is causing severe deterioration of soil health, farmers are looking for eco-friendly alternatives to synthetic chemical-based fertilizers. These aspects are anticipated to drive the India Biostimulants market share.

Severe Disruptions in Raw Material Supply During COVID-19 Pandemic Caused Decline in Market Growth

During the initial days of the COVID-19 pandemic, the market experienced slow growth due to drastic socio-economic changes. Since the onset of the pandemic, the Government of India accepted that Biostimulants were one of the most important products for the agriculture sector. Since the pandemic caused severe shortage of raw materials and disruptions in the supply chain of various industries. This scenario caused several logistical delays, which hampered the India Biostimulants market growth during the initial days of the outbreak.

Telluris Biotech Raised USD 12 Million to Boost Biostimulants R&D

In 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 Biostimulants products and plans to increase crop productivity and quality through new launches and certifications.

Growing Government Support to Boost Use of Eco-Friendly Fertilizers to Boost Market Progress

India is heavily dependent on agriculture, with the industry being a primary source of livelihood for almost 50% of the country’s population. A rising percentage of farmers are becoming aware of the advantages of agrochemicals, and the government is also offering its support through various initiatives and investments. Customers across the country are also becoming aware of the harmful effects of using chemical-based fertilizers and pesticides. As a result, they are demanding the use of sustainable and naturally-derived fertilizers. This has prompted the Indian government to promote the deployment of agriculture biologicals. The new regulatory and supervisory frameworks formulated by the country’s authorities may increase the confidence of market players and increase investment in R&D. This will result in the creation and commercialization of new products, which will further benefit farmers by offering them access to high-quality products.

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Leading Market Players to Focus on Investments and Raising Funds to Expand Their Production Capabilities

Many prominent companies operating in the market are active across the India Biostimulants market. Some of these organizations include UPL Ltd., Novozymes, BASF SE, Syngenta, and Rallis India Ltd. have a well-established distribution and sales network and vast production facilities. In addition to this, they are focusing on boosting the overall transparency in the country's supply and value chains. This is because India has showcased a huge potential for the agrochemicals industry to expand its operations in the coming years. The firms operating in this industry are also cashing in on innovative seaweed-based sustainable plant protection solutions to cater to the growing customer demand and expand production capacities.

Notable Industry Development:

• December 2022 - Krishak Bharati Cooperative Limited (KRIBHCO), one of the key fertilizer organizations of India, introduced SIVARIKA, which is a seaweed bio-stimulant. The new product is said to be fortified with seaweed extract derived from red and brown algae. It functions as a metabolic bio enhancer as it contains carbohydrates, proteins, inorganic salts, and other inherent nutrients.

List of the Companies 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)

Further Report Findings

• The non-microbial segment is predicted to grow at a notable pace during the forecast period. One of the major factors contributing to the segment’s growth is that significant improvement offered by these plant stimulants in the biochemical and physiological properties of crops.
• The seaweed extracts segment is projected to account for the largest market share in the future as it is the most sought-after active ingredient. This is because it can directly stimulate defense reactions and plant growth.

Table of Segmentation