The India fertilizers market size is expected to expand at a significant CAGR of 11% during the forecast period, 2021–2028. The growth of the market is attributed to the growing requirement to meet the country's ever-increasing population's food demands is driving the India fertilizers industry during the forecast period.
The increased use of fertilizer has made a substantial contribution to India, such as ability to produce food grains sustainably. As a result, over the last few years, the demand for fertilizers has increased by double digits. Fertilizers are used to boost nutrient-depleted soil production. Fertilizer use continues to rise in India to meet the rising food demands of the country's rising population. Fertilizer use in India is influenced by the soil and climatic conditions of the country's diverse regions. During the outbreak of lockdown all over India, due to Covid-19, the government has lifted the restrictions on fertilizer manufacturing to retain seasonal agricultural activity.
The report on the India fertilizers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Fertilizers Market – India Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Products (Chemical Fertilizers, Organic and Biofertilizers), Types (Complex Fertilizers, DAP, MOP, SSP, Urea, and Others), Forms (Solid and Liquid), Crop Types (Oilseeds, Fruits and Vegetables, Farming, and Gardening), and Mode of Applications (Fertigation, Foliar Spraying, Sowing, Broadcasting, Drip Method, Spraying, and Others) |
Country |
India |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Zuari Agro Chemicals Limited; Coromandel International Limited; Chambal Fertilizers Limited; Southern Petrochemical Industries Corporation Limited (SPIC); Rashtriya Chemicals & Fertilizers Limited; Paradeep Phosphates Limited; National Fertilizers Limited; Nagarjuna Fertilizers & Chemicals Limited; Mangalore Chemicals and Fertilizers limited; and Madras Fertilizers Limited |
Chemical fertilizers segment is projected to account for a large market share
Based on products, the India fertilizers market is segmented into chemical fertilizers, organic, and biofertilizers. The chemical fertilizers segment is expected to account for a key share of the market during the forecast period due to the low cost, simple availability, and well-established market.
Urea segment is expected to grow at a rapid pace
In terms of types, the market is segregated into complex fertilizers, DAP, MOP, SSP, urea, and others. The urea segment is expected to represent a key share of the market in the coming years due to relatively cheap nitrogen fertilizer. The primary objective of urea fertilizer is to supply nitrogen to plants in to stimulate green leafy growth and make them appear lush. Urea also helps plants with their photosynthesis. It is mostly utilized for bloom growth because it can only offer nitrogen. Although people and animals create urea naturally, synthetic urea is made from anhydrous ammonia.
Liquid segment is anticipated to expand at a substantial CAGR
On the basis of forms, the India fertilizers market is bifurcated into solid and liquid. The solid segment is expected to hold a key share of the market during the forecast years due to the effectiveness and consistency. Liquids are quickly absorbed by plants and crops, plants have easier access to nutrients. The liquid form has an instant effect on some plants.
Farming segment is projected to represent a major market share
Based on crop types, the India fertilizers market is divided into oilseeds, fruits and vegetables, farming, and gardening. The farming segment is expected to account for a key share of the market during the forecast period due to government subsidies and growing demand for food grains are two significant reasons driving the growth of the farming fertilizers industry in India.
Foliar Spraying segment is expected to expand at a robust pace
In terms of mode of applications, the market is divided into fertigation, foliar spraying, sowing, broadcasting, drip method, spraying, and others. The foliar spraying segment is expected to account for a large share of the market in the coming years as foliar spraying is an effective way to treat nutrient deficits and promote plant development during stressful times.
Key players competing in the India fertilizers market include Zuari Agro Chemicals Limited; Coromandel International Limited; Chambal Fertilizers Limited; Southern Petrochemical Industries Corporation Limited (SPIC); Rashtriya Chemicals & Fertilizers Limited; Paradeep Phosphates Limited; National Fertilizers Limited; Nagarjuna Fertilizers & Chemicals Limited; Mangalore Chemicals and Fertilizers limited; and Madras Fertilizers Limited. Some of these players are adopting several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market share.
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