India Fertilizers Market Growth, Industry & Revenue [2031]

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India Fertilizers Market Growth, Industry & Revenue [2031]

India Fertilizers Market Growth, Industry & Revenue [2031]

Segments - India Fertilizers Market by 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) - India Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

India Fertilizers Market Outlook 2031

The India fertilizers market size was USD 898.5 Billion in 2022 and is expected to reach USD 1.37 Trillion by 2031 expand at a significant CAGR of 4.85% during the forecast period, 2023–2031. 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.

India Fertilizers Market Trends, Drivers, Restraints, and Opportunities

Increasing need for fertilizers has resulted from an increase in food demand and a decrease in arable land, to meet the need and eliminate food shortages are expected to spur the market growth during the forecast period.
Several governments and non-governments awareness efforts aimed at informing farmers about the advantages of fertilizers. Fertilizer promotion via television, radio, and customized rural seminars is also expected to boost the India fertilizers market for consumption in the coming years.
Rising rural incomes, combined with the ease with which credit can be obtained, are anticipated to drive market expansion in the coming years.
Implementation of lockdown due to COVID-19 has compelled the fertilizer industry in India too experienced problems in terms of labor and raw resources during the forecast period.

Scope of The India Fertilizers Market Report

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	2022
Historic Data	2016–2021
Forecast Period	2023–2031
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

India Fertilizers Market Segment Insights

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.

Segments

The India fertilizers market has been segmented on the basis of

Products

Chemical Fertilizers
Organic
Biofertilizers

Types

Complex Fertilizers
DAP
MOP
SSP
Urea
Others

Forms

Solid
Liquid

Crop Types

Oilseeds
Fruits and Vegetables
Farming
Gardening

Mode of Applications

Fertigation
Foliar Spraying
Sowing
Broadcasting
Drip Method
Spraying
Others

Key Players

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
Madras Fertilizers Limited

Competitive Landscape

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.

India Fertilizers Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fertilizers Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fertilizers Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fertilizers Market - Supply Chain
  4.5. Global Fertilizers Market Forecast
     4.5.1. Fertilizers Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fertilizers Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Fertilizers Market Absolute $ Opportunity
5. Global Fertilizers Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Fertilizers Market Size and Volume Forecast by Types
     5.3.1. Complex Fertilizers
     5.3.2. DAP
     5.3.3. MOP
     5.3.4. SSP
     5.3.5. Urea
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Fertilizers Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Fertilizers Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Fertilizers Demand Share Forecast, 2019-2026
7. North America Fertilizers Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Fertilizers Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Fertilizers Market Size and Volume Forecast by Types
     7.4.1. Complex Fertilizers
     7.4.2. DAP
     7.4.3. MOP
     7.4.4. SSP
     7.4.5. Urea
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Fertilizers Demand Share Forecast, 2019-2026
8. Latin America Fertilizers Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Fertilizers Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Fertilizers Market Size and Volume Forecast by Types
     8.4.1. Complex Fertilizers
     8.4.2. DAP
     8.4.3. MOP
     8.4.4. SSP
     8.4.5. Urea
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Fertilizers Demand Share Forecast, 2019-2026
9. Europe Fertilizers Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Fertilizers Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Fertilizers Market Size and Volume Forecast by Types
     9.4.1. Complex Fertilizers
     9.4.2. DAP
     9.4.3. MOP
     9.4.4. SSP
     9.4.5. Urea
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Fertilizers Demand Share Forecast, 2019-2026
10. Asia Pacific Fertilizers Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Fertilizers Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Fertilizers Market Size and Volume Forecast by Types
     10.4.1. Complex Fertilizers
     10.4.2. DAP
     10.4.3. MOP
     10.4.4. SSP
     10.4.5. Urea
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Fertilizers Demand Share Forecast, 2019-2026
11. Middle East & Africa Fertilizers Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Fertilizers Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Fertilizers Market Size and Volume Forecast by Types
     11.4.1. Complex Fertilizers
     11.4.2. DAP
     11.4.3. MOP
     11.4.4. SSP
     11.4.5. Urea
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Fertilizers Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Fertilizers Market: Market Share Analysis
  12.2. Fertilizers Distributors and Customers
  12.3. Fertilizers Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Zuari Agro Chemicals Limited
     12.4.2. Coromandel International Limited
     12.4.3. Chambal Fertilizers Limited
     12.4.4. Southern Petrochemical Industries Corporation Limited (SPIC)
     12.4.5. Rashtriya Chemicals & Fertilizers Limited
     12.4.6. Paradeep Phosphates Limited
     12.4.7. National Fertilizers Limited
     12.4.8. Nagarjuna Fertilizers & Chemicals Limited
     12.4.9. Mangalore Chemicals and Fertilizers limited
     12.4.10. &