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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.
India Fertilizer Market Trends
India Fertilizer Market Analysis
*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.
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
The market is projected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032, reaching a valuation of USD 14.9 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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