India Fertilizer Market Overview and Insights:

According to MarkNtel Advisors Report, 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.

India Fertilizer Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

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Key Takeaways: Beneficial for Stakeholders and Clients:

• Historical Data: 2020-23
• Base Year: 2024
• Forecast Period: 2025-2030

What are the major challenges facing the India Fertilizer Market?

Rising Cost of Raw Materials Used in Fertilizers – Rising costs, impact both farmers and the industry. A significant portion of fertilizers in India, including essential raw materials like potash and phosphates, is imported, making the sector vulnerable to global price fluctuations. Supply chain disruptions and geopolitical issues, cause fluctuations in prices of raw materials, resulting in increased fertilizer costs. Even though the government subsidizes fertilizers to ensure they reach affordability levels, the growing subsidy burden does strain costs. For instance, India has launched a budget of about USD 21 billion for fertilizer subsidies in 2023-24. Many farmers, however, still cannot afford fertilizers, especially when there are high prices of raw materials that are used to make fertilizers which affects their purchase costs and thus affects the growth & expansion of the industry.

Who are the Key Players Operating in the India Fertilizer Industry?

The top companies of the India Fertilizer market ruling the industry are: 

• IFFCO
• National Fertilizers Limited
• Coromandel International
• Chambal Fertilisers and Chemicals Ltd.
• Rashtriya Chemicals and Fertilizers Limited (RCF)
• Zuari Agro Chemicals
• Madras Fertilizers Limited (MFL)
• Tata Chemicals Limited
• Nagarjuna Fertilizers and Chemicals Ltd.
• Deepak Fertilisers
• ICL Group Ltd.

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What is Included in India Fertilizer Market Segmentation?

The report has segmented the market into the following categories:

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

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

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. The global demand for Indian cereal exports, particularly grains and cereals, is steadily increasing. Wheat, paddy, sorghum, millets, barley, and maize are most of the most vital cereals. Cereals are grown in tropical lowlands in all seasons and temperate climates for the duration of the frost-free season. They are produced in large quantities and serve as major food items throughout the globe than other crops and contain excessive nutrients, proteins, carbohydrates, minerals, fats, and oil. Therefore, it increases fertilizer demand.

By Application

• Fertigation- Market Size & Forecast 2020-2030, Thousand Tons
• Foliar- Market Size & Forecast 2020-2030, Thousand Tons
• Banding- Market Size & Forecast 2020-2030, Thousand Tons
• Drip Irrigation- Market Size & Forecast 2020-2030, Thousand Tons

By Region

• North
• South
• East
• West

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Frequently Asked Questions (FAQs)-

• What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
• What are the trends influencing the current scenario of the market?
• How has the India Fertilizer industry been evolving in terms of geography & adoption?
• Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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