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The India market size for fertilizers reached a value of more than USD 841.2 billion in 2021. The India fertilizer market is expected to grow at a CAGR of 4.7% between 2022 and 2027, reaching a projected value of USD 1108.1 billion by 2027.
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In September 2022, 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 2022, 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 2022, 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.
Fertilizers are composed of phosphorus, potassium, and nitrogen compounds. They also include trace components that enhance the plant’s growth. 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.
Based on type, the market can be segmented into chemical fertilizer and biofertilizer. Based on the product, the market can be divided into nitrogenous fertilizers, phosphatic fertilizers, potash fertilizers, and complex fertilizers, 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 the fertilizer market can be divided into North India, West India, South India, and East India.
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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.
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.
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.
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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 Deepak Fertilizers & Petrochemicals Corporation Ltd., Zuari Agro Chemicals Ltd., National Fertilizers Ltd., and Gujarat State Fertilizers & Chemicals Limited, among others.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Type||
|Breakup by Product||
|Breakup by Formulation||
|Breakup by Application||
|Breakup by Region||
|Trade Data Analysis||
*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.
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
5.2 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 India Fertilizer Market Analysis
8.1 Key Industry Highlights
8.2 India Fertilizer Historical Market (2017-2021)
8.3 India Fertilizer Market Forecast (2022-2027)
8.4 India Fertilizer Market by Type
8.4.1 Chemical Fertilizer
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.5 India Fertilizer Market by Product
8.5.1 Nitrogenous Fertilizers
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Breakup by Type
188.8.131.52.2 Ammonium Nitrate
184.108.40.206.3 Ammonium Sulfate
220.127.116.11.4 Anhydrous Ammonia
8.5.2 Phosphatic Fertilizers
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
188.8.131.52 Breakup by Type
184.108.40.206.1 Monoammonium Phosphate (MAP)
220.127.116.11.2 Diammonium Phosphate (DAP)
8.5.3 Potash Fertilizers
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
188.8.131.52 Breakup by Type
184.108.40.206.1 Muriate of Potash (MOP)
8.5.4 Complex Fertilizers
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.6 India Fertilizer Market by Formulation
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.7 India Fertilizer Market by Application
8.7.1 Grains and Cereals
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.7.2 Pulses and Oilseeds
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.7.3 Commercial Crops
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.7.4 Fruits and Vegetables
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.8 India Fertilizer Market by Region
8.8.1 Market Share
126.96.36.199 North India
188.8.131.52 East India
184.108.40.206 West India
220.127.116.11 South India
9 Regional Analysis
9.1 North India
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.2 East India
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.3 West India
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.4 South India
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Exporting Country
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Country
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Chambal Fertilisers and Chemicals Ltd
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14.2.2 Coromandel International Limited
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
14.2.3 Rama Phosphates Limited
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14.2.4 The Dharamsi Morarji Chemical Co. Ltd.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
14.2.5 Deepak Fertilizers & Petrochemicals Corporation Ltd.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14.2.6 Zuari Agro Chemicals Ltd.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
14.2.7 National Fertilizers Ltd.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14.2.8 Gujarat State Fertilizers & Chemicals Limited
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Fertilizer Market: Key Industry Highlights, 2017 and 2021
2. India Fertilizer Historical Market: Breakup by Type (INR Million), 2017-2021
3. India Fertilizer Market Forecast: Breakup by Type (INR Million), 2022-2027
4. India Fertilizer Historical Market: Breakup by Product (INR Million), 2017-2021
5. India Fertilizer Market Forecast: Breakup by Product (INR Million), 2022-2027
6. India Fertilizer Historical Market: Breakup by Formulation (INR Million), 2017-2021
7. India Fertilizer Market Forecast: Breakup by Formulation (INR Million), 2022-2027
8. India Fertilizer Historical Market: Breakup by Application (INR Million), 2017-2021
9. India Fertilizer Market Forecast: Breakup by Application (INR Million), 2022-2027
10. India Fertilizer Historical Market: Breakup by Region (INR Million), 2017-2021
11. India Fertilizer Market Forecast: Breakup by Region (INR Million), 2022-2027
12. Major Exporting Countries by Value
13. Major Importing Countries by Value
14. Major Exporting Countries by Volume
15. Major Importing Countries by Volume
16. India Fertilizer Market Structure
In 2021, the fertilizer market in India attained a value of nearly USD 841.2 billion.
The market is projected to grow at a CAGR of 4.7% between 2022 and 2027.
The market is estimated to witness healthy growth in the forecast period of 2022-2027, reaching a valuation of almost USD 1108.1 billion by 2027.
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 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 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.
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