Top 8 Companies in India Fuelling the Fertilizer Market

Chambal Fertilisers and Chemicals Ltd, Coromandel International Limited, Rama Phosphates Limited, The Dharamsi Morarji Chemical Co. Ltd., Deepak Fertilizers & Petrochemicals Corporation Ltd., Zuari Agro Chemicals Ltd., National Fertilizers Ltd., and Gujarat State Fertilizers & Chemicals Limited, among others, are the major players in the India fertilizer market.

As per the analysis by Expert Market Research, the India fertilizer market reached a value of INR 841.2 billion in 2021. The market is further expected to grow at a CAGR of 4.7% in the forecast period of 2022-2027, to reach INR 1108.1 billion in 2027, owing to the growing demand for food.

A fertilizer is a substance, either natural or artificial, applied to soil or plant tissues to supply nutrients to the plants. Both natural and artificial sources of fertilizer are plentiful. A natural or artificial material called fertilizer contains chemical components that support plant growth and productivity. Fertilizers either increase the soil's inherent fertility or replace chemical elements that crops had earlier lost.

The India fertilizer market is anticipated to grow over time as agricultural productivity is increased to meet the country's expanding population's demand for food. The market's productivity is rising as a result of the positive seasonal rain, irrigation systems, and various government initiatives. These initiatives are aimed at expanding credit availability, boosting investments, building market facilities, encouraging the development of infrastructure, and raising the supply of high-quality inputs to the industry. On the other hand, it is anticipated that the amount of arable land will decrease as urbanisation levels rise.

Fertilizers are expected to increase the average agricultural yields per hectare. It is also anticipated that the consumption of fertilizers will rise in the upcoming years. This is due to the growing number of government and non-government awareness campaigns to inform farmers about the advantages of fertilizers and the promotion of fertilizers through radio, television, and customised rural workshops. Increased rural incomes and easy access to financing are also likely to have a positive effect on the India fertilizer market. Contract farming is anticipated to have a favourable effect on fertilizer usage since the farmer is expected to receive input from the food processor (contractor) in the form of technology and training.

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Top 8 India Fertilizer Companies:

Chambal Fertilisers and Chemicals Ltd

Dr. K.K. Birla, a renowned industrialist and philanthropist, founded Chambal Fertilizers and Chemicals Ltd. in the year 1985. It is one of India's biggest producers of fertilizer in the private sector. The company has responsibly contributed for more than 20 years to the nation's food security. The corporation provides for the needs of farmers in eleven states in India's northern, eastern, central, and western regions, and it is the leading fertilizer provider for the states of Rajasthan, Madhya Pradesh, Punjab, and Haryana.

Coromandel International Limited

Coromandel International Limited, the second-largest producer of phosphatic fertilizer in India, operates in the retail, specialty nutrients, crop protection, and fertilizer industries. The company leads its targeted markets by producing a wide variety of fertilizers and selling over 3.2 million tonnes of them. Coromandel has also introduced a variety of specialty nutrient products, including organic fertilizers, as a part of its mission to provide comprehensive plant nutrition solutions.

Rama Phosphates Limited

Rama Phosphates Limited (RPL), a profitable business that is a part of the Ramsinghani Group, manufactures phosphatic fertilizers. The business produces 33,000 tpa of sulphuric acid and 66,000 tpa of single super phosphate (SSP) fertilizers. The company has also ventured in creating novel chemicals, such as chlorosulphonic acid, a component utilised as an intermediary in the pharmaceutical sector.

The Dharamsi Morarji Chemical Co. Ltd.

Sulphuric acid and phosphate fertilizers were first produced in India by DMCC, which was founded in 1919. Over time, the Company's Ship brand became known as the benchmark for Single Superphosphate (SSP) excellence. DMCC is currently one of India's top chemical manufacturers. Acids, heavy chemicals, superphosphate, fertilizer blends, and other related products are among the company's offerings.

Deepak Fertilizers & Petrochemicals Corporation Ltd.

The Deepak Fertilizers & Petrochemicals Corporation Limited (DFPCL) is one of India's leading chemical producers. With a significant presence in the fields of industrial chemicals, crop nutrition, and technical ammonium nitrate (mine chemicals), the company supports vital economic sectors like the pharmaceutical, agricultural, mining, and infrastructure.

Zuari Agro Chemicals Ltd.

In India, one of the largest fertilizer conglomerates is Zuari Agro Chemicals Limited. The company imports a sizable amount of farm nutrients and fertilizers. It also manufactures seeds, insecticides, micronutrients, speciality fertilizers, and high-quality complex fertilizers of various grades. With a significant renovation, upgrading, and expansion effort at its plants, Zuari Agro Chemicals Limited continues to support its primary fertilizer manufacturing business.

National Fertilizers Ltd.

NFL has a turnover of more than Rs. 90 billion, making it the largest CPSE in the fertilizer sector in India. With an installed capacity of 35.68 lakh MT and a 16% share in the nation's total urea production, it is the second-largest producer of the essential fertilizer Urea in India. Other products manufactured and marketed by NFL include neem coated urea, varied strains of solid and liquid bio-fertilizers, and other related industrial products such as ammonia, nitric acid, ammonium nitrate, sodium nitrite, and sodium nitrate.

Gujarat State Fertilizers & Chemicals Limited

The relentless pursuit of product diversification and value addition by GSFC has resulted in a product mix that includes more than 24 different fertilizer brands in addition to petrochemicals, chemicals, industrial gases, plastics, and fibres. Adhering to the strongest international regulations, GSFC consistently maintains the highest levels of services, exceptional packaging, and best-in-class quality for every product.