India Fertilizers News

Recent industry report about India Fertilizers company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ India Fertilizers Market industry experts.

India Fertilizers 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.
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  • May 2022: The Minister of Climate Change and Environment in the UAE launched the waste-to-feed project by Circa Biotech that farms black soldier fly (BSF) larvae, fed by food leftovers, and turns them into animal proteins, organic fertilizers, and oils.
  • March 2022: Qatar, in collaboration with Heenat Salma Farm, launched two interactive tours, 'Discover Organic Farming in the Desert" and "Discover Organic Farming and Sunset at Zeekret," to make people learn about the organic agriculture of 30 different crop varieties in the desert environment.
  • March 2022: The Ministry of Food and Agriculture and the Charge Affairs of the Embassy of the United Arab Emirates Accra entered a joint venture in the agricultural sectors of both countries. The partnership would bring companies from the United Arab Emirates into Ghana to set up an organic fertilizer with new technology in liquid fertilizers.

In January 2022, SABIC Agri-Nutrients Company acquired the ETC Group (ETG) with a 49% stake in the ETG Inputs Holdco Limited for a transaction value of USD 320 million. The agreement is part of SABIC Agri-Nutrients Company's strategy to integrate the value chain and distribution of agri-nutrients markets.

In October 2021, JAS Global Industries expanded its presence in the Kingdom of Saudi Arabia by opening a new manufacturing facility in Riyadh. This strategic investment allows JAS to further expand its presence in the Kingdom with the aim of further enhancing its services in KSA.

New product launches, partnerships, expansions, and acquisitions are the major strategies adopted by the leading companies in the market. For instance, in 2016, Thai Central Chemical Public Company Limited expanded the market of NPK compound fertilizer in Myanmar by building a new warehouse for packing the NPK compound fertilizer of TCCC Myanmar Limited (TCCCM), which is TCCC's subsidiary in Thilawa Special Economic Zone in Yangon.

Furthermore, players in the market are focusing on partnerships to increase their brand demand and product portfolio. For instance, in 2021, PT Pupuk Kujang Cikampek and PT Pupuk Indonesia Pangan signed an MoU to cooperate with the Bandung Regency Government on the Farming System with Agrosolution (SIBEDAS) program, through which quality fertilizers are supplied to Bandung Regency farmers in Indonesia.

  • January 2021: Heliae Agriculture and Rizobacter collaborated to develop innovative soil and crop nutrition technologies that will help the company manufacture better and more efficient solutions, enhancing its product portfolio.
  • November 2022: The Ministry of Agriculture and Rural Development (MARD) in Vietnam has set a target of raising the proportion of organic fertilizer products authorized for circulation to 25% by 2025.
  • October 2022: Nescafe unveils USD 1 billion plan for coffee sustainability, focusing on Vietnam. The Nescafe Plan 2030 will help coffee farmers plant carbon sequestering crops, increase the use of organic fertilizers, improve bio-diversity and provide disease and climate-change-resistant coffee trees.
  • April 2022: The Vietnamese government issued a decision to promote environmental protection to 2030 with a vision to 2050. In the decision, the government prioritizes ecological agriculture and organic agriculture, in parallel with the abandonment of inorganic fertilizer, chemical pesticides, and antibiotics in cultivation, animal husbandry, and aquaculture.
  • September 2023: Jain Irrigation Systems Limited partnered with the Water Management and Plumbing Skills Council (WMPSC) to boost skills and foster innovation in water management, including drip water management and plumbing. The core purpose of this partnership is to share knowledge, experiences, resources, and connections within the water and plumbing industries, which helps the company.
  • June 2022: Rivulis Irrigation India Ltd and Jain Irrigation Systems Limited merged their businesses to become one of the largest global irrigation system providers.
  • February 2022: Netafim Limited introduced the AlphaDisc Filter to the US market, protecting irrigation systems against clogging caused by organic contaminants. This innovation has the potential to enable growers to achieve more uniform irrigation, ultimately leading to increased productivity.
  • August 2023: PT Bayer Indonesia launched the herbicide-tolerant biotech corn Dekalb DK95R in Banggo village, Manggalewa district, Dompu Regency, West Nusa Tenggara, Indonesia.
  • May 2023: Syngenta Seeds collaborated with Wilmar PADI Indonesia and the National Research and Innovation Agency (BRIN) to develop the Witagen rice variety, a high-quality, superior rice seed.
  • June 2024: GrowGeneration Corp. announced the launch of its new B2B portal, HRG Marketplace, by its wholesale division, the Horticultural Rep Group (HRG). As a prominent distributor in the hydroponic industry, HRG aims to transform how its customers and partners across the United States access and purchase products. Starting now, the HRG Marketplace is open to over 500 current customers and countless garden centers nationwide, granting them unmatched access to top-tier hydroponic products.
  • February 2024: GrowGeneration Corp., the leading chain of specialty hydroponic and organic garden centers in the United States, revealed that Drip Hydro is debuting a new powder nutrient line tailored for cultivation. Drip Hydro, recognized as a frontrunner in agricultural innovation, crafted this powder nutrient line with a keen focus on cannabis cultivation. Setting a benchmark in the market, this state-of-the-art product line stands out as one of the most balanced, pure, and economically viable nutrient solutions currently available.
  • December 2022: Freight Farms unveiled its latest hydroponic nutrient line, dubbed Farmhand. This trio, comprising Farmhand form, grow, and boost, is meticulously crafted to deliver vital macro and micronutrients, ensuring robust plant growth in hydroponic setups.
  • October 2023: Weichai unveiled its CVT series of intelligent tractors (220-380 horsepower) designed for advanced agricultural applications. These tractors are tailored for diverse operations, including large-scale plowing, planting, watering, and straw treatment.
  • June 2022: Weichai Power Co. Ltd increased its stake in Weichai Lovol Heavy Industry Co. Ltd, an agricultural equipment manufacturer, by acquiring an additional 22.69% from Shandong Heavy Industry Group Co. Ltd. This move brought Weichai Power's total stake to 62%.
  • February 2024: Hunter Industries Inc. partnered with Saudi Drip Irrigation Company to manufacture agricultural, residential, commercial, and golf irrigation systems products. This partnership between Saudi Drip and Hunter Industries was a testament to their commitment to sustainable practices by focusing on developing water and energy-saving solutions, including drip irrigation management.
  • January 2024: Rain Bird Corporation Partnered with Pinehurst Resort to manufacture equipment and provide service and support for the irrigation system. The Rain Bird Corporation was recognized as the resort’s Official Irrigation Partner through this partnership. In addition to using Rain Bird Irrigation equipment at Pinehurst Resort, the agreement allowed the two entities to partner on other industry growth initiatives.
  • October 2023: Netafim Limited launched an inventive irrigation system in India with anti-clogging technology, guaranteeing the best distribution of nutrients and water. The company has 35,000 farmers nationwide using the new system on 25,000 hectares nationwide by 2025. Through this product launch, the company increased its product portfolio nationwide.

India Fertilizers Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030