India Fertilizer Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel

MarkNtel Advisors recently published a detailed industry analysis of the India Fertilizer Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

India Fertilizer Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The India Fertilizer Market size was valued at around USD 10.8 Billion in 2024 and is projected to reach USD 14 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2025-30.

What are the major Driver the India Fertilizer industry?

Government Initiatives to Expand Fertilizer Production – The Indian authority has undertaken several measures to promote domestic fertilizer production to reduce its imports and meet all consumption requirements. Among these measures, the new investment policy (NIP), stimulates investment in the urea sector. According to India's new urea policy, six new urea plants have been established. Among these, four have been set up through joint ventures involving public sector agreements, while the remaining two have been established by private organizations. The government has also made 100% neem coating of subsidized agricultural Urea. It improves nutrient efficiency, enhances crop yield, and maintains soil health while preventing the diversion of urea for non-agricultural purposes.

Additionally, to support Indigenous fertilizers for agriculture, Potash Derived from Molasses (PDM), a fully domestically produced fertilizer, has been added under the Nutrient-Based Subsidy (NBS) scheme. Similarly, freight subsidies have been in place for Single Super Phosphate (SSP), since the Kharif season of 2022, to encourage its use as a phosphatic nutrient source. These have led to a significant rise in domestic fertilizer production. As per the fertilizer association in India, urea production increased from USD 13.8 million tons in 2021-22 to USD 15.7 million tons in 2022-23, thus indicating that government policies are effective in improving India's manufacturing capabilities of fertilizers and this is expected to continue over the forecast period as well.

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What segments define the India Fertilizer market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

• By Product
• Complex Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
• Straight Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
• Nitrogenous Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
• Urea- Market Size & Forecast 2020-2030, Thousand Tons
• Calcium Ammonium Nitrate- Market Size & Forecast 2020-2030, Thousand Tons
• Ammonium Nitrate- Market Size & Forecast 2020-2030, Thousand Tons
• Ammonium Sulfate- Market Size & Forecast 2020-2030, Thousand Tons
• Anhydrous Ammonia- Market Size & Forecast 2020-2030, Thousand Tons
• Others- Market Size & Forecast 2020-2030, Thousand Tons
•  Phosphatic Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
• Mono-Ammonium Phosphate (MAP) - Market Size & Forecast 2020-2030, Thousand Tons
• Di-Ammonium Phosphate (DAP) - Market Size & Forecast 2020-2030, Thousand Tons
• Single Super Phosphate (SSP) - Market Size & Forecast 2020-2030, Thousand Tons
• Triple Super Phosphate (TSP) - Market Size & Forecast 2020-2030, Thousand Tons
• Others- Market Size & Forecast 2020-2030, Thousand Tons
•  Potash Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
• Muriate of Potash (MoP) - Market Size & Forecast 2020-2030, Thousand Tons
• Sulfate of Potash (SoP) - Market Size & Forecast 2020-2030, Thousand Tons
•  Secondary Macronutrient Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
• Calcium Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
• Magnesium Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
• Sulfur Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
•  Micronutrient Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
• Zinc- Market Size & Forecast 2020-2030, Thousand Tons
• Manganese- Market Size & Forecast 2020-2030, Thousand Tons
• Copper- Market Size & Forecast 2020-2030, Thousand Tons
• Iron- Market Size & Forecast 2020-2030, Thousand Tons
• Boron- Market Size & Forecast 2020-2030, Thousand Tons
• Molybdenum- Market Size & Forecast 2020-2030, Thousand Tons
• Others- Market Size & Forecast 2020-2030, Thousand Tons
• By Type
• Chemical Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
• Bio Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons

According to report, By type, chemical fertilizers are the most dominant in the Indian fertilizer market, accounting for a market share of around 40% due to their extensive use in agriculture.

• By Form
• Dry- Market Size & Forecast 2020-2030, Thousand Tons
• Liquid- Market Size & Forecast 2020-2030, Thousand Tons
• By Crop Type
• Grains and Cereals- Market Size & Forecast 2020-2030, Thousand Tons
• Pulses and Oilseeds- Market Size & Forecast 2020-2030, Thousand Tons
• Fruits and Vegetables- Market Size & Forecast 2020-2030, Thousand Tons
• Flowers and Ornamentals- Market Size & Forecast 2020-2030, Thousand Tons
• Others- Market Size & Forecast 2020-2030, Thousand Tons

According to report, Based on the crop type segment, grains & cereals have the largest market share of around 40% based on the fact India is the second largest manufacturer of rice, wheat, and others.

·      By Application

o  Fertigation- Market Size & Forecast 2020-2030, Thousand Tons

o  Foliar- Market Size & Forecast 2020-2030, Thousand Tons

o  Banding- Market Size & Forecast 2020-2030, Thousand Tons

o  Drip Irrigation- Market Size & Forecast 2020-2030, Thousand Tons

Geographical Analysis: India Fertilizer Market

o  North

o  South

o  East

o  West

Explore the Complete India Fertilizer Market Analysis Report – https://www.marknteladvisors.com/research-library/india-fertilizer-market.html

India Fertilizer Market Share & Competitive Landscape:

The India Fertilizer Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the India Fertilizer Market are:

·       Apollo Tyres

·       Bridgestone

·       Ceat Tire

·       Continental AG

·       Cooper Tire & Rubber Company

·       Goodyear Tire & Rubber Co.

·       Hankook Tire & Technology Co. Ltd.

·       Michelin

·       Nokian Tyres

·       Pirelli & C. S.p.A.

·       Yokohama Rubber Co. Ltd.

India Fertilizer Industry Recent Development:

• January 2023: ICL entered into a strategic partnership agreement with General Mills, in which it will be the supplier of strategic specialty phosphate solutions to General Mills. The long-term agreement will also focus on international expansion. 

Questions Addressed in this Study

1.What factors are driving the India Fertilizer Market growth?

2.How is the India Fertilizer Market expected to grow over the next five years?

3.What are the key insights into the current trends in the India Fertilizer Market?

4.What is the current size of the India Fertilizer Market, and how is it projected to change in the future?

6.What is the future outlook for the India Fertilizer Market in terms of technological advancements and market expansion?

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