The India fertilizer market is expected to grow at a CAGR of 4.3% between 2025 and 2034, reaching a projected value of USD 14.9 billion by 2034. The market growth is being driven by increasing demand for food production and improvements in agriculture processes.
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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.
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.
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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.
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 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.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product |
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| Breakup by Formulation |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Competitive Landscape |
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| Companies Covered |
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India Fertilizer Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 4.3% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034, reaching a valuation of USD 14.9 billion by 2034.
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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30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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