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India Fertilizer Market

India Fertilizer Market Size, Share, Price, Trends, Growth: By Type: Chemical Fertilizer, Biofertilizer; By Product: Nitrogenous Fertilizers, Phosphatic Fertilizers, Potash Fertilizers, Complex Fertilizers, Others; By Formulation: Liquid, Dry; By Application: Grains and Cereals, Others; Regional Analysis; Competitive Landscape; 2024-2032

India Fertilizer Market Outlook

The India fertilizer market is expected to grow at a CAGR of 4.7% between 2024 and 2032, reaching a projected value of USD 1394.16 billion by 2032. The market growth is being driven by increasing demand for food production and improvements in agriculture processes.

 

 

india fertiliser market

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News and Developments in the India Fertilizer Market

In September 2023, Coromandel International launched an organic product named Cumist Calcium at Hotel Novotel in Vijayawada. The new product includes specialty nutrients and improves efficiency and soil health.

 

In August 2023, the Ministry of Chemicals and Fertilizer instructed all companies to employ the new brand name ‘Bharat’ and the logo of the subsidy scheme on the bags in order to convey the government's decision.

 

In August 2023, Gujrat Chief Minister introduced IFFCO Nano Urea Spraying Scheme. The Gujarat CM praised the farmers for employing drones to spray nano urea for the first time in the state as well as encouraged them to take benefit of the innovative drone technology scheme in agriculture which will further help them in saving time and energy. This technology is expected to help support the India fertilizer market.

 

In September 2021, Coromandel International launched GroShakti Fertilizer. This fertilizer features advanced technology and an enhanced complex fertilizer with EnPhos Technology as well as Zincated 14-35-14. This offers a high nutrient percentage along with less filler material, due to which it does not damage the soil mechanism.

 

Key Trends in the India Fertilizer Market

Fertilizers are composed of phosphorus, potassium, and nitrogen compounds as well as trace components and are used in agriculture to help support growth of crops. The major components in fertilizers are nutrients that are considered essential for the growth of plants. Plants employ nitrogen in the synthesis of nucleic acids, hormones, and proteins.

 

  • The growth of the India fertilizer market is driven by the rising demand for food in the country due to the growing population and limited land availability.
  • The huge agricultural demands and the rising size of the potential consumer base are expected to drive the market demand for fertilizer in the region due to increasing consumption of fertilizer.
  • India is considered home to several leading private as well as government fertilizer companies. Several fertilizer companies in India are expanding from fertilizers to seeds and fungicides. This is likely to be one of the primary aspects behind the fertilizer market growth in India. 
  • The rise in agricultural production and several government initiatives to enhance credit availability along with increasing investments are supporting the India fertilizer market growth during the forecast period.
  • With the India’s sustainable production of food grains, the consumption of fertilizer is expected to increase over the coming years in the country.

 

india fertiliser market by segments

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India Fertilizer Market Analysis 

Based on type, the market can be segmented into chemical fertilizer and biofertilizer. On the basis of product, the market can be divided into nitrogenous fertilizers, phosphatic fertilizers, potash fertilizers, and complex fertilizers, among others. Nitrogenous fertilizers are further divided by type into urea, ammonium nitrate, ammonium sulphate, and anhydrous ammonia, among others, while phosphatic fertilizers are sub-divided by type into monoammonium phosphate (MAP) and diammonium phosphate (DAP), among others. Meanwhile, potash fertilizers are divided by type into muriate of potash (MOP), among others.

 

On the basis of formulation, the market is segmented into liquid and dry. Based on application, the market is segregated into grains and cereals, pulses and oilseeds, commercial crops, and fruits and vegetables, among others. The regional markets for fertilizers in India can be divided into North India, West India, South India, and East and Central India.

 

The comprehensive EMR report provides an in-depth assessment of the India fertilizer market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India fertilizer market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Coromandel International Limited
  • Chambal Fertilisers and Chemicals Ltd
  • Gujarat Narmada Valley Fertilizers and Chemicals Ltd
  • Indian Farmers Fertiliser Cooperative Limited (IFFCO)
  • Rama Phosphates Limited
  • ICL Group Ltd
  • The Fertilisers and Chemicals Travancore Limited (FACT)
  • Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL)
  • Gujarat State Fertilizers & Chemicals Limited
  • Rashtriya Chemicals and Fertilizers Limited (RCFL)
  • National Fertilizers Limited
  • Southern Petrochemical Industries Corporation Ltd
  • Others

 

India Fertilizer Market Share by Formulation

The liquid segment is expected to gain momentum in the India fertilizer market as farmers have been spraying and sprinkling water-soluble fertilizers in the fields to accelerate the nutrient uptake of plants. Over the coming years, products that aid in sustaining the NPK nutrient balance are likely to be broadly adopted as they are consistent with all kinds of pesticides. Moreover, one of the key major advantages of liquid fertilizer is that the liquid penetrates the soil immediately, and plants are provided with faster access to nutrients.

 

India Fertilizer Market Share by product

The nitrogenous fertilizers segment is expected to witness growth in India fertilizer market on account of the high consumption of urea in the country. Urea fertilizer consists of superior nitrogen content along with low production cost, as the source is natural which is further expected to boost the segment growth in the market across the country. The various advantages of urea fertilizers like wide range of applications, storage that is non-flammable and risk-free, suitability for every type of soil and crop, neutral pH, and harmlessness for crops and soil, are likely to enhance the segment demand in the fertilizer market.

 

india fertiliser market by region

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Competitive Landscape 

Chambal Fertilisers and Chemicals Ltd is an Indian agrochemicals manufacturing company. It has strengthened its position as a leading player in the India fertilizer market after the commissioning of the Gadepan III plant. The company is dedicated to its social duties and has invested in areas ranging from water harvesting and rural infrastructure, to healthcare, women empowerment, skill development, and education. 

 

Coromandel International Limited is India’s leading and pioneering agri-solutions supplier, providing various products and services all over the farming value chain. Its ‘Farmer First’ approach and quality focus, along with consumer connection initiatives have aided in gaining farmers’ trust and have founded ‘Gromor’ among the most trusted brands across the country.

 

Rama Phosphates Limited is a leading manufacturer of phosphatic fertilizers for the India fertilizer market, particularly Single Super Phosphate (SSP) fertilizers. It manufactures  SSP fertilizers in powder and granule form,  as well as mixed fertilizers such as NPK of different grades, fortified fertilizers such as boronated Single Super Phosphate, micronutrients such as magnesium sulphate, and chemicals like sulphuric acid and oleum. 

 

The Dharamsi Morarji Chemical Co. Ltd. is a specialty chemicals and commodity chemicals manufacturing company. The company aims to maintain a healthy relationship with the environment, extend its responsibility to society, and prioritise sustainable development.

 

Other market players include Gujarat Narmada Valley Fertilizers and Chemicals Ltd, Indian Farmers Fertiliser Cooperative Limited (IFFCO), ICL Group Ltd, The Fertilisers and Chemicals Travancore Limited (FACT), Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL), Gujarat State Fertilizers & Chemicals Limited, Rashtriya Chemicals and Fertilizers Limited (RCFL), National Fertilizers Limited, and Southern Petrochemical Industries Corporation Ltd, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Product
  • Formulation
  • Application
  • Region
Breakup by Type
  • Chemical Fertilizer
  • Biofertilizer
Breakup by Product
  • Nitrogenous Fertilizers
  • Phosphatic Fertilizers
  • Potash Fertilizers
  • Complex Fertilizers
  • Others
Breakup by Formulation
  • Liquid
  • Dry
Breakup by Application
  • Grains and Cereals
  • Pulses and Oilseeds
  • Commercial Crops
  • Fruits and Vegetables
  • Others
Breakup by Region
  • North India
  • East India
  • West India
  • South India
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Coromandel International Limited
  • Chambal Fertilisers and Chemicals Ltd
  • Gujarat Narmada Valley Fertilizers and Chemicals Ltd
  • Indian Farmers Fertiliser Cooperative Limited (IFFCO)
  • Rama Phosphates Limited
  • ICL Group Ltd
  • The Fertilisers and Chemicals Travancore Limited (FACT)
  • Deepak Fertilizers & Petrochemicals Corporation Ltd.
  • Gujarat State Fertilizers & Chemicals Limited
  • Rashtriya Chemicals and Fertilizers Limited (RCFL)
  • National Fertilizers Ltd.
  • Southern Petrochemical Industries Corporation Ltd
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Global Fertilizer Market Overview

    8.1    Key Industry Highlights
    8.2    Global Fertilizer Historical Market (2018-2023) 
    8.3    Global Fertilizer Market Forecast (2024-2032)
    8.4    Global Fertilizer Market Share by Region
        8.4.1    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle East and Africa
9    India Fertilizer Market Overview
    9.1    Key Industry Highlights
    9.2    India Fertilizer Historical Market (2018-2023) 
    9.3    India Fertilizer Market Forecast (2024-2032)
10    India Fertilizer Market by Type
    10.1    Chemical Fertilizer
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Biofertilizer
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
11    India Fertilizer Market by Product
    11.1    Nitrogenous Fertilizers
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
        11.1.3    Breakup by Type
            11.1.3.1    Urea
            11.1.3.2    Ammonium Nitrate
            11.1.3.3    Ammonium Sulphate
            11.1.3.4    Anhydrous Ammonia
            11.1.3.5    Others
    11.2    Phosphatic Fertilizers
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
        11.2.3    Breakup by Type
            11.2.3.1    Monoammonium Phosphate (MAP)
            11.2.3.2    Diammonium Phosphate (DAP)
            11.2.3.3    Others
    11.3    Potash Fertilizers
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
        11.3.3    Breakup by Type
            11.3.3.1    Muriate of Potash (MOP)
            11.3.3.2    Others
    11.4    Complex Fertilizers
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Others
12    India Fertilizer Market by Formulation
    12.1    Liquid
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Dry
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
13    India Fertilizer Market by Application
    13.1    Grains and Cereals
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Pulses and Oilseeds
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Commercial Crops
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Fruits and Vegetables
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    India Fertilizer Market by Region
    14.1    North India
        14.1.1    Historical Trend (2018-2023)
        14.1.2    Forecast Trend (2024-2032)
    14.2    East and Central India
        14.2.1    Historical Trend (2018-2023)
        14.2.2    Forecast Trend (2024-2032)
    14.3    West India
        14.3.1    Historical Trend (2018-2023)
        14.3.2    Forecast Trend (2024-2032)
    14.4    South India
        14.4.1    Historical Trend (2018-2023)
        14.4.2    Forecast Trend (2024-2032)
15    Market Dynamics
    15.1    SWOT Analysis
        15.1.1    Strengths
        15.1.2    Weaknesses
        15.1.3    Opportunities
        15.1.4    Threats
    15.2    Porter’s Five Forces Analysis
        15.2.1    Supplier’s Power
        15.2.2    Buyer’s Power
        15.2.3    Threat of New Entrants
        15.2.4    Degree of Rivalry
        15.2.5    Threat of Substitutes
    15.3    Key Indicators for Demand
    15.4    Key Indicators for Price
16    Value Chain Analysis
17    Trade Data Analysis (HS Code - 310520)

    17.1    Major Importing Countries
        17.1.1    By Volume
        17.1.2    By Value
    17.2    Major Exporting Countries
        17.2.1    By Volume
        17.2.2    By Value
18    Price Analysis
19    Competitive Landscape

    19.1    Market Structure
    19.2    Company Profiles
        19.2.1    Coromandel International Limited
            19.2.1.1    Company Overview
            19.2.1.2    Product Portfolio
            19.2.1.3    Demographic Reach and Achievements
            19.2.1.4    Certifications
        19.2.2    Chambal Fertilisers and Chemicals Ltd
            19.2.2.1    Company Overview
            19.2.2.2    Product Portfolio
            19.2.2.3    Demographic Reach and Achievements
            19.2.2.4    Certifications
        19.2.3    Gujarat Narmada Valley Fertilizers and Chemicals Ltd
            19.2.3.1    Company Overview
            19.2.3.2    Product Portfolio
            19.2.3.3    Demographic Reach and Achievements
            19.2.3.4    Certifications
        19.2.4    Indian Farmers Fertiliser Cooperative Limited (IFFCO)
            19.2.4.1    Company Overview
            19.2.4.2    Product Portfolio
            19.2.4.3    Demographic Reach and Achievements
            19.2.4.4    Certifications
        19.2.5    Rama Phosphates Limited
            19.2.5.1    Company Overview
            19.2.5.2    Product Portfolio
            19.2.5.3    Demographic Reach and Achievements
            19.2.5.4    Certifications
        19.2.6    ICL Group Ltd
            19.2.6.1    Company Overview
            19.2.6.2    Product Portfolio
            19.2.6.3    Demographic Reach and Achievements
            19.2.6.4    Certifications
        19.2.7    The Fertilisers and Chemicals Travancore Limited (FACT)
            19.2.7.1    Company Overview
            19.2.7.2    Product Portfolio
            19.2.7.3    Demographic Reach and Achievements
            19.2.7.4    Certifications
        19.2.8    Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL)
            19.2.8.1    Company Overview
            19.2.8.2    Product Portfolio
            19.2.8.3    Demographic Reach and Achievements
            19.2.8.4    Certifications
        19.2.9    Gujarat State Fertilizers & Chemicals Limited
            19.2.9.1    Company Overview
            19.2.9.2    Product Portfolio
            19.2.9.3    Demographic Reach and Achievements
            19.2.9.4    Certifications
        19.2.10    Rashtriya Chemicals and Fertilizers Limited (RCFL)
            19.2.10.1    Company Overview
            19.2.10.2    Product Portfolio
            19.2.10.3    Demographic Reach and Achievements
            19.2.10.4    Certifications
        19.2.11    National Fertilizers Limited
            19.2.11.1    Company Overview
            19.2.11.2    Product Portfolio
            19.2.11.3    Demographic Reach and Achievements
            19.2.11.4    Certifications
        19.2.12    Southern Petrochemical Industries Corporation Ltd
            19.2.12.1    Company Overview
            19.2.12.2    Product Portfolio
            19.2.12.3    Demographic Reach and Achievements
            19.2.12.4    Certifications
        19.2.13    Others
20    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Fertilizer Market: Key Industry Highlights, 2018 and 2032
2.    India Fertilizer Market: Key Industry Highlights, 2018 and 2032
3.    India Fertilizer Historical Market: Breakup by Type (USD Billion), 2018-2023
4.    India Fertilizer Market Forecast: Breakup by Type (USD Billion), 2024-2032
5.    India Fertilizer Historical Market: Breakup by Product (USD Billion), 2018-2023
6.    India Fertilizer Market Forecast: Breakup by Product (USD Billion), 2024-2032
7.    India Fertilizer Historical Market: Breakup by Formulation (USD Billion), 2018-2023
8.    India Fertilizer Market Forecast: Breakup by Formulation (USD Billion), 2024-2032
9.    India Fertilizer Historical Market: Breakup by Application (USD Billion), 2018-2023
10.    India Fertilizer Market Forecast: Breakup by Application (USD Billion), 2024-2032
11.    India Fertilizer Historical Market: Breakup by Region (USD Billion), 2018-2023
12.    India Fertilizer Market Forecast: Breakup by Region (USD Billion), 2024-2032
13.    Major Importing Countries by Volume
14.    Major Exporting Countries by Volume
15.    Major Importing Countries by Value
16.    Major Exporting Countries by Value
17.    India Fertilizer Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 4.7% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032, reaching a valuation of USD 1394.16 billion by 2032.

The major market drivers are the surging agriculture industry and increasing consumption of fertilizer.

The key India fertilizer market trends include rapid growth in technology along with growing awareness regarding the environment and increasing disposable income.

The major regions in the market are North India, West India, South India, and East and Central India.

The primary types in fertilizer market include chemical fertilizer and biofertilizer.

The various products in the fertilizer market include nitrogenous fertilizers, phosphatic fertilizers, potash fertilizers, and complex fertilizers, among others.

The various formulation in fertilizer market are liquid and dry.

The different applications of fertilizer market include grains and cereals, pulses and oilseeds, commercial crops, and fruits and vegetables, among others.

The major players in the market are Coromandel International Limited, Chambal Fertilisers and Chemicals Ltd, Gujarat Narmada Valley Fertilizers and Chemicals Ltd, Indian Farmers Fertiliser Cooperative Limited (IFFCO), Rama Phosphates Limited, ICL Group Ltd, The Fertilisers and Chemicals Travancore Limited (FACT), Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL), Gujarat State Fertilizers & Chemicals Limited, Rashtriya Chemicals and Fertilizers Limited (RCFL), National Fertilizers Limited, and Southern Petrochemical Industries Corporation Ltd, among others.

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