Q. Is azospirillum biofertilizer profitable business in India?

Answer

In 2021, India's biofertilizers market was worth 99.59 million US dollars. The market is projected to increase at a CAGR of 12.02%, from USD 110.07 million in 2022 to USD 243.61 million by 2029. Demand for organic food, organic farming that can be sustained over the long term, and agricultural fertilizers that are compatible with current methods are all factors that should contribute to the market's continued expansion over the next few years. With rising soil and water contamination due to the overuse of chemical fertilizers, the Indian fertilizer business has proven to have opportunity for expansion. So, it’s a great business in India to earn high.