According to the Indian Government's Department of Fertilizers, there are 30 urea units in the country out of which 27 urea units use Natural Gas (using either domestic gas/LNG or both) and remaining three urea units use Naphtha as feedstock. The MRP of urea is statutorily fixed by the Government of India and it is around 5000 rs. per MT (exclusive of the Central/State Taxes), which includes Rs. 180/MT as dealer margin for private traders/PSUs & Rs. 200/MT for Co-operatives and Rs. 50/MT to retailers for acknowledging the receipt and reporting the stock in mFMS (iFMS) as an additional incentive.

According to the report, Introduction of New Insect-based Fertilizers in the Market is one of the primary growth factors for the market. Urbanization and its Implications for Food and Farming is also expected to contribute significantly to the Insect-based Fertilizer market. Overall, Grains and Cereals applications of Insect-based Fertilizer, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Form, such as Liquid, is boosting the Insect-based Fertilizer market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Sales Channel, such as Onlike, is boosting the Insect-based Fertilizer market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Insect-based Fertilizer market identified that the demand is rising in many different parts of the world as "Surging Implementation of Industrial Technologies can create Opportunities for the Market Growth". Furthermore, some recent industry insights like "On 13th April 2021, Ÿnsect acquired Protifarm. The company will proceed to fulfil its long-term objective to provide a healthy, sustainable answer to the rapidly increasing demand of protein with the help of their combined offering, which will speed up manufacturing capacities with a third production site. As a result of the European Food Safety Authority's declaration that mealworms are safe for human consumption in January, nsect is growing its presence in the market for human food ingredients made from insect ingredients." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Insect-based Fertilizer market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Insect-based Fertilizer market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Insect-based Fertilizer market size is calculated using market estimation process, the Insect-based Fertilizer market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Insect-based Fertilizer market size has been validated using both top-down and bottom-up approaches.