Indian Fertilizer Market Overview:
IMARC Group’s latest research report, titled “Indian Fertilizer Market Overview: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The Indian Fertilizer Market size reached a value of INR 858 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 1,131 Billion by 2027, exhibiting a CAGR of 4.8% during 2022-2027. Fertilizers are natural or synthetic materials containing chemical elements that supply essential growth nutrients to plants. They can be applied to the soil or directly on plant bodies. Aside from boosting growth, they also increase crop yield while improving the soil’s nutrient content. Fertilizers are available in a wide range of varieties- they can be natural, synthetic, or organic. India is the second-largest consumer of fertilizers globally, and although all types of fertilizers are used in India, organic fertilizers have been trending lately.
COVID-19 Impact Overview:Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.Leading Companies in Indian Fertilizer Industry :
- Coromandel International Limited
- Deepak Fertilisers and Petrochemicals Corporation Limited
- Fertilisers And Chemicals Travancore Limited (FACT)
- Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC)
- Gujarat State Fertilizers & Chemicals Limited (GSFC)
- Hindustan Fertilizer Corporation Limited (HFCL)
- Indian Farmers Fertiliser Cooperative Limited (IFFCO)
- Krishak Bharati Cooperative Limited (KRIBHCO)
- MADRAS FERTILIZERS LIMITED
The Indian fertilizer market is primarily driven by the rising food demand across the country. As a result of increasing population levels, more and more farmlands are cultivated to increase yields to meet the food demand. In addition, rising crop prices are also providing a positive outlook to the Indian fertilizer market. Some of the other factors, including considerable growth in the biotech industry, product innovations, profitable government initiatives and subsidies, extensive research, and development (R&D) activities along with the growing demand for nitrogen, phosphorus, potassium, and micronutrient fertilizers, are further driving the market growth.
Important Attribute and highlights of the Report:
- Detailed analysis of the market share
- Market Segmentation by product type, segment, formulation and application.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Indian Fertilizer Market
- Strategies of major players and product offerings
Key Market Segmentation:
Breakup by Product Type:
- Chemical Fertilizers
Based on the product type, the market has been segmented into chemical fertilizers and biofertilizers. Currently, chemical fertilizers dominate the market, holding the largest market share.
Breakup by Segment:
- Complex Fertilizers
On the basis of the segment, the market has been classified into complex fertilizers, DAP, MOP, urea, SSP, and others. Among these, DAP represents the largest segment, accounting for the majority of the market share.
Breakup by Formulation:
The market has been categorized based on the formulation into liquid and dry. Dry fertilizers currently represent the leading segment, holding the majority of the market share.
Breakup by Application:
- Grains and Cereals
- Fruits and Vegetables
On the basis of the application, the market has been segregated into farming (grains and cereals, oilseeds, fruits and vegetables, and others) and gardening. At present, farming applications currently dominate the market.
Breakup by Region
- East India
- North India
- South India
- West India
TOC for the Indian Fertilizer Market Research Report:
- Scope and Methodology
- Executive Summary
- Indian Fertilizer Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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