Boosting agriculture productivity is no longer just about the amount of produce. It is also about the quality of yield. For a sector that has seen rigorous usage of synthetic fertilizers, organic fertilizers have come to the rescue by promising higher yield and at the same time retaining the fertility of soil. Deteriorating soil fertility due to the use of synthetic pesticides, growing awareness among the consumers regarding the benefits of organic fertilizers over chemical fertilizers, and increasing awareness among farmers and cultivators towards eco-friendly fertilizers are some of the major factors that are expected to steer demand for organic fertilizers across the globe.
India represents the second largest consumer and third largest producer of fertilizers across the world. This can be attributed to the numerous subsidies and initiatives undertaken by the Government of India. For instance, under the Nutrient Based Subsidy policy, the Government is providing fertilizers to farmers at subsidized rates to ensure the availability of adequate quantity and proper quality of fertilizers.
The market value is projected to reach INR 11,116 Billion by 2024, growing at a CAGR of more than 12 per cent by 2024. To ensure the sustainability of agriculture systems, the Government has emphasized the production and utilization of biofertilizers or organic fertilizers. Buoyed by such initiatives, the sector is progressing incessantly on a path of growth. There are several players that have diversified into this direction while many have directly ventured into it.
After studying this industry segment in-depth, we have come up with the list of Top 10 Organic Fertilizer Manufacturers who have excelled with their innovative approach. Having proven their dedication to quality and delivery in order to meet the farmers’ expectations in an end-to-end manner, these companies have stood out from the crowd.
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