India Fertilizers Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 43.32 Billion |
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Market Size (2030) | USD 62.83 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 6.39 % |
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Fastest Growing by Crop Type | Horticultural Crops |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Fertilizers Market Analysis
The India Fertilizers Market size is estimated at 43.32 billion USD in 2024, and is expected to reach 62.83 billion USD by 2030, growing at a CAGR of 6.39% during the forecast period (2024-2030).
43.32 Billion
Market Size in 2024 (USD)
62.83 Billion
Market Size in 2030 (USD)
8.01 %
CAGR (2017-2023)
6.39 %
CAGR (2024-2030)
Largest segment by Product
58.87 %
value share, Urea, 2023
The Government of India invests around USD 672.7 million and supplies urea at a determined retail price, owing to its increased benefits and subsidies, urea consumption increased.
Largest Segment by Crop Type
89.07 %
value share, Field Crops, 2023
Growing demand for staple food crops like rice, wheat and reduced nitrogen use efficiency has lead to greater usage of CRF fertilizers to ensure optimum productivity
Fastest Growing Speciality Type
7.33 %
Projected CAGR, CRF, 2024-2030
The CRFs gaining more popularity with capable of reducing fertilizers use by 20-50% and improve the nutrient supply, crop quality, yeild and reduces application cost
Largest segment by Application Mode
97.38 %
value share, Soil, 2023
Adoption of sustainable agricultural practices and efficient fertilizers like CRFs, SRFs are applied through soil application mode resulted in higher market share
Leading Market Player
7.71 %
market share, National Fertilizers Ltd, 2022
The company's "Kisan" brand encompasses a diverse range of fertilizers and an extensive distribution network has played a pivotal role in capturing a significant market share.
Rice is a major NPK-consuming crop that is expected to drive the nation's fertilizer demand
- In 2022, field crop fertilizers dominated the market, accounting for 89.2%, and are projected to record a CAGR of 9.8% during 2023-2030. Rice, the leading field crop, witnessed a substantial surge in cultivation, with 47 million hectares planted in 2022, marking a 93.1% increase from 2017. Given rice's significant reliance on NPK fertilizers, it is poised to be a key driver of fertilizer demand in the country.
- The area dedicated to field crops expanded from 187 million hectares in 2017 to 194 million hectares by 2022. Cereals, within the field crop category, commanded a substantial share. This surge in field crop cultivation, driven by the need to feed a growing population, is expected to propel India's fertilizer market in the coming years.
- In 2022, horticultural crop fertilizers represented 10.5% of the Indian fertilizer market, valued at USD 5.02 billion. The area under horticulture cultivation witnessed a modest rise, reaching 8.9 million hectares in 2022 from 8.6 million hectares in 2017. This uptick in horticulture acreage is accompanied by a parallel rise in fertilizer consumption aimed at maximizing yields.
- The turf and ornamental crop fertilizer segment in India, though a small fraction, was valued at USD 74.8 million in 2021. The government's emphasis on self-sufficiency has led to initiatives like promoting greenhouse ornamental flower production, hinting at potential growth in this segment.
- With the rising demand for major field crops and the expansion of fruit and turf cultivation areas, this segment is poised for significant growth. The projected CAGR during 2023-2030 is 6.4% for field crops and 4.0% for fruits and turf.
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India Fertilizers Market Trends
The rising consumer demand domestically and internationally is the major driving factor for the rising acreage in India
- During the study period, the country witnessed a 6% increase in field crop cultivation. This surge in the cultivation of cereals, pulses, and oilseeds, driven by both domestic and international consumer demand, played a pivotal role in expanding the acreage.
- Breaking down the crops, rice, wheat, and soybean dominated the country's agricultural landscape in 2022, accounting for 25.4%, 17.4%, and 7.5%, respectively. Rice, a staple in India, commands a significant share, covering a quarter of the total cropped area and feeding nearly half the population. It finds cultivation across the nation, with key states being West Bengal, Uttar Pradesh, Andhra Pradesh, Punjab, and Tamil Nadu. However, India's rice production dipped by 6% (104.99 million tons) in the kharif season of 2022, primarily due to reduced paddy acreage in states like Jharkhand, Madhya Pradesh, and West Bengal, grappling with rainfall deficits.
- Punjab, West Bengal, Haryana, and Rajasthan emerge as the primary wheat cultivators in India. From 2017 to 2022, wheat cultivation in India witnessed a 5% increase. However, the wheat output dipped to 107.74 million tonnes in 2022 from the previous year's 109.59 million tonnes. This decline can be attributed to heavy rainfall and hailstorms that battered the fertile plains of northern, central, and western India. These natural calamities inflicted significant damage on the maturing winter-planted crops, including wheat, leading to substantial losses for farmers.
- Given the robust cereal cultivation in India, bolstered by surging domestic and international demand, the Indian fertilizer market is poised for growth during 2023-2030.
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Among the primary nutrients, nitrogen is the most-applied nutrient in field crops, with an average application rate of 223.5 kg per hectare
- In 2021, the average application rate for primary nutrients stood at 125.1 kg/ha. Notably, nitrogen topped the list with an average application rate of 223.5 kg/ha. Given the intensive cultivation of crops like rice in the country, it is no surprise that nitrogen, being a crucial nutrient, plays a pivotal role. However, the deficiency of this nutrient in the soil is hampering rice productivity nationwide.
- The soil health in India, as highlighted in the State of Biofertilizers and Organic Fertilizers report, is a cause for concern. It reveals a rising trend in the consumption of chemical fertilizers, with 97.0%, 83.0%, and 71.0% of tested soils showing deficiencies in nitrogen, phosphorous, and potassium, respectively.
- Among the major crops, wheat, rice, and corn/maize led the pack in nutrient application rates in 2021, with averages of 231, 156, and 149 kg/ha, respectively. Wheat and rice, being staple foods both domestically and globally, face significant yield and profit reductions due to multiple nutrient deficiencies. Apart from nitrogen, phosphorous, and potassium, these crops also rely on micronutrients like sulfur, boron, iron, and zinc for optimal growth. Given the critical role of nutrient management in successful crop production, the market is witnessing growth.
- Field crops, especially grains and cereals, have a voracious appetite for primary nutrients, particularly nitrogen fertilizers. With the extensive cultivation of these crops depleting the soil's nutrient content, the demand for fertilizers is expected to surge during 2023-2030, driving market growth.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The area under horticulture is steadily increasing over the years due to the increasing demand for fruits and vegetables.
- In 2022, manganese and copper are the highly applied nutrients in India owing to their widespread deficiencies in soil
- Due to its critical function in the development of plant tissues and its contribution to overall plant growth, calcium is the secondary macronutrient that receives the highest application
- More than half of India’s cultivated land has access to assured irrigation
- Widespread micronutrient deficiency in the soils of India is leading to reduced crop yield
- Of the primary nutrients, nitrogen is used in larger amounts to aid in rapid vegetative growth and the production of fruits
- Vegetable crops predominantly rely on calcium and magnesium as their primary secondary macronutrients, with application rates peaking at 33 kg/ha and 31 kg/ha, respectively
India Fertilizers Industry Overview
The India Fertilizers Market is fragmented, with the top five companies occupying 32.44%. The major players in this market are Chambal Fertilizers & Chemicals Ltd, Coromandel International Ltd., ICL Group Ltd, Indian Farmers Fertiliser Cooperative Limited and National Fertilizers Ltd (sorted alphabetically).
India Fertilizers Market Leaders
Chambal Fertilizers & Chemicals Ltd
Coromandel International Ltd.
ICL Group Ltd
Indian Farmers Fertiliser Cooperative Limited
National Fertilizers Ltd
Other important companies include Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Haifa Group, Rashtriya Chemicals & Fertilizers Ltd, Sociedad Quimica y Minera de Chile SA, Yara International ASA.
*Disclaimer: Major Players sorted in alphabetical order.
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India Fertilizers Market News
- January 2023: ICL has 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.
- May 2022: ICL launched three new NPK formulations of Solinure, a product with increased trace elements to optimize yields.
- May 2022: ICL signed an agreement with customers in India and China to supply 600,000 and 700,000 metric tons of potash, respectively, in 2022 at USD 590 per ton.
Free with this Report
Along with the report, We also offer a comprehensive and exhaustive data pack with 25+ graphs on area under cultivation and average application rate per hectare. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.
India Fertilizers Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 Acreage Of Major Crop Types
- 4.1.1 Field Crops
- 4.1.2 Horticultural Crops
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4.2 Average Nutrient Application Rates
- 4.2.1 Micronutrients
- 4.2.1.1 Field Crops
- 4.2.1.2 Horticultural Crops
- 4.2.2 Primary Nutrients
- 4.2.2.1 Field Crops
- 4.2.2.2 Horticultural Crops
- 4.2.3 Secondary Macronutrients
- 4.2.3.1 Field Crops
- 4.2.3.2 Horticultural Crops
- 4.3 Agricultural Land Equipped For Irrigation
- 4.4 Regulatory Framework
- 4.5 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Type
- 5.1.1 Complex
- 5.1.2 Straight
- 5.1.2.1 Micronutrients
- 5.1.2.1.1 Boron
- 5.1.2.1.2 Copper
- 5.1.2.1.3 Iron
- 5.1.2.1.4 Manganese
- 5.1.2.1.5 Molybdenum
- 5.1.2.1.6 Zinc
- 5.1.2.1.7 Others
- 5.1.2.2 Nitrogenous
- 5.1.2.2.1 Urea
- 5.1.2.2.2 Others
- 5.1.2.3 Phosphatic
- 5.1.2.3.1 DAP
- 5.1.2.3.2 SSP
- 5.1.2.3.3 Others
- 5.1.2.4 Potassic
- 5.1.2.4.1 MoP
- 5.1.2.5 Secondary Macronutrients
- 5.1.2.5.1 Calcium
- 5.1.2.5.2 Magnesium
- 5.1.2.5.3 Sulfur
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5.2 Form
- 5.2.1 Conventional
- 5.2.2 Speciality
- 5.2.2.1 CRF
- 5.2.2.2 Liquid Fertilizer
- 5.2.2.3 SRF
- 5.2.2.4 Water Soluble
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5.3 Application Mode
- 5.3.1 Fertigation
- 5.3.2 Foliar
- 5.3.3 Soil
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5.4 Crop Type
- 5.4.1 Field Crops
- 5.4.2 Horticultural Crops
- 5.4.3 Turf & Ornamental
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Chambal Fertilizers & Chemicals Ltd
- 6.4.2 Coromandel International Ltd.
- 6.4.3 Gujarat Narmada Valley Fertilizers & Chemicals Ltd
- 6.4.4 Haifa Group
- 6.4.5 ICL Group Ltd
- 6.4.6 Indian Farmers Fertiliser Cooperative Limited
- 6.4.7 National Fertilizers Ltd
- 6.4.8 Rashtriya Chemicals & Fertilizers Ltd
- 6.4.9 Sociedad Quimica y Minera de Chile SA
- 6.4.10 Yara International ASA
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- CULTIVATION OF FIELD CROPS IN HECTARE, INDIA, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, INDIA, 2017 - 2022
- Figure 3:
- CONSUMPTION OF MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, INDIA, 2022
- Figure 4:
- CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, INDIA, 2022
- Figure 5:
- CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, INDIA, 2022
- Figure 6:
- CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, INDIA, 2022
- Figure 7:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, INDIA, 2022
- Figure 8:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, INDIA, 2022
- Figure 9:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, INDIA, 2022
- Figure 10:
- FERTILIZER FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 11:
- FERTILIZER FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 12:
- FERTILIZER CONSUMPTION BY TYPE IN METRIC TON, INDIA, 2017 - 2030
- Figure 13:
- FERTILIZER CONSUMPTION BY TYPE IN USD, INDIA, 2017 - 2030
- Figure 14:
- FERTILIZER CONSUMPTION VOLUME BY TYPE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 15:
- FERTILIZER CONSUMPTION VALUE BY TYPE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 16:
- FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 17:
- FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 18:
- FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 19:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT IN METRIC TON, INDIA, 2017 - 2030
- Figure 20:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT IN USD, INDIA, 2017 - 2030
- Figure 21:
- STRAIGHT FERTILIZER CONSUMPTION VOLUME BY NUTRIENT IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 22:
- STRAIGHT FERTILIZER CONSUMPTION VALUE BY NUTRIENT IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 23:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, INDIA, 2017 - 2030
- Figure 24:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN USD, INDIA, 2017 - 2030
- Figure 25:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 26:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 27:
- BORON FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 28:
- BORON FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 29:
- BORON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 30:
- COPPER FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 31:
- COPPER FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 32:
- COPPER FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 33:
- IRON FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 34:
- IRON FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 35:
- IRON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 36:
- MANGANESE FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 37:
- MANGANESE FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 38:
- MANGANESE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 39:
- MOLYBDENUM FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 40:
- MOLYBDENUM FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 41:
- MOLYBDENUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 42:
- ZINC FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 43:
- ZINC FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 44:
- ZINC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 45:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 46:
- OTHERS FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 47:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 48:
- NITROGENOUS FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, INDIA, 2017 - 2030
- Figure 49:
- NITROGENOUS FERTILIZER CONSUMPTION BY PRODUCT IN USD, INDIA, 2017 - 2030
- Figure 50:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 51:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 52:
- UREA FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 53:
- UREA FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 54:
- UREA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN USD, INDIA, 2017 - 2030
- Figure 55:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 56:
- OTHERS FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 57:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 58:
- PHOSPHATIC FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, INDIA, 2017 - 2030
- Figure 59:
- PHOSPHATIC FERTILIZER CONSUMPTION BY PRODUCT IN USD, INDIA, 2017 - 2030
- Figure 60:
- PHOSPHATIC FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 61:
- PHOSPHATIC FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 62:
- DAP FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 63:
- DAP FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 64:
- DAP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 65:
- SSP FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 66:
- SSP FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 67:
- SSP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 68:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 69:
- OTHERS FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 70:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 71:
- POTASSIC FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, INDIA, 2017 - 2030
- Figure 72:
- POTASSIC FERTILIZER CONSUMPTION BY PRODUCT IN USD, INDIA, 2017 - 2030
- Figure 73:
- POTASSIC FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 74:
- POTASSIC FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 75:
- MOP FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 76:
- MOP FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 77:
- MOP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 78:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, INDIA, 2017 - 2030
- Figure 79:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN USD, INDIA, 2017 - 2030
- Figure 80:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 81:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 82:
- CALCIUM FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 83:
- CALCIUM FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 84:
- CALCIUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 85:
- MAGNESIUM FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 86:
- MAGNESIUM FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 87:
- MAGNESIUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 88:
- SULFUR FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 89:
- SULFUR FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 90:
- SULFUR FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 91:
- FERTILIZER CONSUMPTION BY FORM IN METRIC TON, INDIA, 2017 - 2030
- Figure 92:
- FERTILIZER CONSUMPTION BY FORM IN USD, INDIA, 2017 - 2030
- Figure 93:
- FERTILIZER CONSUMPTION VOLUME BY FORM IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 94:
- FERTILIZER CONSUMPTION VALUE BY FORM IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 95:
- FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 96:
- FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 97:
- FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 98:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN METRIC TON, INDIA, 2017 - 2030
- Figure 99:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN USD, INDIA, 2017 - 2030
- Figure 100:
- FERTILIZER CONSUMPTION VOLUME BY SPECIALITY TYPE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 101:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 102:
- CRF FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 103:
- CRF FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 104:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 105:
- LIQUID ALL FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 106:
- LIQUID ALL FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 107:
- LIQUID ALL FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 108:
- SRF FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 109:
- SRF FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 110:
- SRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 111:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 112:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 113:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 114:
- FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, INDIA, 2017 - 2030
- Figure 115:
- FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, INDIA, 2017 - 2030
- Figure 116:
- FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 117:
- FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 118:
- FERTIGATION APPLICATION OF FERTILIZER IN METRIC TON, INDIA, 2017 - 2030
- Figure 119:
- FERTIGATION APPLICATION OF FERTILIZER IN USD, INDIA, 2017 - 2030
- Figure 120:
- FERTIGATION APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 121:
- FOLIAR APPLICATION OF FERTILIZER IN METRIC TON, INDIA, 2017 - 2030
- Figure 122:
- FOLIAR APPLICATION OF FERTILIZER IN USD, INDIA, 2017 - 2030
- Figure 123:
- FOLIAR APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 124:
- SOIL APPLICATION OF FERTILIZER IN METRIC TON, INDIA, 2017 - 2030
- Figure 125:
- SOIL APPLICATION OF FERTILIZER IN USD, INDIA, 2017 - 2030
- Figure 126:
- SOIL APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 127:
- FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, INDIA, 2017 - 2030
- Figure 128:
- FERTILIZER CONSUMPTION BY CROP TYPE IN USD, INDIA, 2017 - 2030
- Figure 129:
- FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 130:
- FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 131:
- FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, INDIA, 2017 - 2030
- Figure 132:
- FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, INDIA, 2017 - 2030
- Figure 133:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, INDIA, 2023 VS 2030
- Figure 134:
- FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, INDIA, 2017 - 2030
- Figure 135:
- FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, INDIA, 2017 - 2030
- Figure 136:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, INDIA, 2023 VS 2030
- Figure 137:
- FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, INDIA, 2017 - 2030
- Figure 138:
- FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, INDIA, 2017 - 2030
- Figure 139:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, INDIA, 2023 VS 2030
- Figure 140:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, INDIA, 2017 - 2030
- Figure 141:
- INDIA FERTILIZERS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 142:
- MARKET SHARE OF MAJOR PLAYERS IN %, INDIA, 2022
India Fertilizers Industry Segmentation
Complex, Straight are covered as segments by Type. Conventional, Speciality are covered as segments by Form. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type.
- In 2022, field crop fertilizers dominated the market, accounting for 89.2%, and are projected to record a CAGR of 9.8% during 2023-2030. Rice, the leading field crop, witnessed a substantial surge in cultivation, with 47 million hectares planted in 2022, marking a 93.1% increase from 2017. Given rice's significant reliance on NPK fertilizers, it is poised to be a key driver of fertilizer demand in the country.
- The area dedicated to field crops expanded from 187 million hectares in 2017 to 194 million hectares by 2022. Cereals, within the field crop category, commanded a substantial share. This surge in field crop cultivation, driven by the need to feed a growing population, is expected to propel India's fertilizer market in the coming years.
- In 2022, horticultural crop fertilizers represented 10.5% of the Indian fertilizer market, valued at USD 5.02 billion. The area under horticulture cultivation witnessed a modest rise, reaching 8.9 million hectares in 2022 from 8.6 million hectares in 2017. This uptick in horticulture acreage is accompanied by a parallel rise in fertilizer consumption aimed at maximizing yields.
- The turf and ornamental crop fertilizer segment in India, though a small fraction, was valued at USD 74.8 million in 2021. The government's emphasis on self-sufficiency has led to initiatives like promoting greenhouse ornamental flower production, hinting at potential growth in this segment.
- With the rising demand for major field crops and the expansion of fruit and turf cultivation areas, this segment is poised for significant growth. The projected CAGR during 2023-2030 is 6.4% for field crops and 4.0% for fruits and turf.
| Type | Complex | ||
| Straight | Micronutrients | Boron | |
| Copper | |||
| Iron | |||
| Manganese | |||
| Molybdenum | |||
| Zinc | |||
| Others | |||
| Straight | Nitrogenous | Urea | |
| Others | |||
| Straight | Phosphatic | DAP | |
| SSP | |||
| Others | |||
| Straight | Potassic | MoP | |
| Straight | Secondary Macronutrients | Calcium | |
| Magnesium | |||
| Sulfur | |||
| Form | Conventional | ||
| Speciality | CRF | ||
| Liquid Fertilizer | |||
| SRF | |||
| Water Soluble | |||
| Application Mode | Fertigation | ||
| Foliar | |||
| Soil | |||
| Crop Type | Field Crops | ||
| Horticultural Crops | |||
| Turf & Ornamental |
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Market Definition
- MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
- NUTRIENT TYPES COVERED - Primary Nutrients: N, P and K, Secondary Macronutrients: Ca, Mg and S, Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
- AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
- CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, and Fiber Crops Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
| Keyword | Definition |
|---|---|
| Fertilizer | Chemical substance applied to crops to ensure nutritional requirements, available in various forms such as granules, powders, liquid, water soluble, etc. |
| Specialty Fertilizer | Used for enhanced efficiency and nutrient availability applied through soil, foliar, and fertigation. Includes CRF, SRF, liquid fertilizer, and water soluble fertilizers. |
| Controlled-Release Fertilizers (CRF) | Coated with materials such as polymer, polymer-sulfur, and other materials such as resins to ensure nutrient availability to the crop for its entire life cycle. |
| Slow-Release Fertilizers (SRF) | Coated with materials such as sulfur, neem, etc., to ensure nutrient availability to the crop for a longer period. |
| Foliar Fertilizers | Consist of both liquid and water soluble fertilizers applied through foliar application. |
| Water-Soluble Fertilizers | Available in various forms including liquid, powder, etc., used in foliar and fertigation mode of fertilizer application. |
| Fertigation | Fertilizers applied through different irrigation systems such as drip irrigation, micro irrigation, sprinkler irrigation, etc. |
| Anhydrous Ammonia | Used as fertilizer, directly injected into the soil, available in gaseous liquid form. |
| Single Super Phosphate (SSP) | Phosphorus fertilizer containing only phosphorus which has lesser than or equal to 35%. |
| Triple Super Phosphate (TSP) | Phosphorus fertilizer containing only phosphorus greater than 35%. |
| Enhanced Efficiency Fertilizers | Fertilizers coated or treated with additional layers of various ingredients to make it more efficient compared to other fertilizers. |
| Conventional Fertilizer | Fertilizers applied to crops through traditional methods including broadcasting, row placement, ploughing soil placement, etc. |
| Chelated Micronutrients | Micronutrient fertilizers coated with chelating agents such as EDTA, EDDHA, DTPA, HEDTA, etc. |
| Liquid Fertilizers | Available in liquid form, majorly used for application of fertilizers to crops through foliar and fertigation. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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