India fertilizers market is expected
to grow at a formidable rate during the forecast period. India is an agrarian economy
and third largest producer and consumer of fertilizers. The India fertilizers
market is driven by the growing need to meet the food demands of the country’s ever-increasing
population. Additionally, decreasing soil fertility and increasing conversion
of fertile land to barren lands is further expected to fuel the market growth
through 2025. Besides, supportive government policies & schemes such as
National Food Security Mission, Fertilizer Policy, subsidies for quality
production of seeds, among others, is further expected to spur the market
growth over the next few years. Moreover, sudden locust attack in different
parts of the country including Punjab, Uttar Pradesh, Madhya Pradesh, Rajasthan,
among others, has led to widespread destruction of agricultural and
horticultural produce. This in turn is expected to create lucrative
opportunities for the market growth during the forecast period. However, sudden
outbreak and spread of pandemic COVID-19 has led to lockdown across the country
shutting down the manufacturing of agrochemicals. This shall have cascading
effect on the food production and crop yield. However, the government has eased
the restrictions on manufacturing the fertilizers in order to maintain seasonal
agricultural activities.
The India fertilizers market is
segmented based on type, origin, form, mode of application, crop type, company
and region. Based on origin, the market can be categorized into synthetic,
organic and biofertilizers. Here, the synthetic segment is expected to dominate
the market on account of their low cost, easy availability and well-established
market. Based on form, the market can be bifurcated into solid and liquid. The
liquid form is expected to dominate the market owing to their efficacy and
stability. Additionally, these are easily absorbed by the plants and crops.
Major players operating in the India
fertilizers market include Indian Farmers Fertilizer Cooperative Limited
(IFFCO), Coromandel International Limited, Gujarat State Fertilizers &
Chemicals Limited, Chambal Fertilizers and Chemicals Limited, National
Fertilizers Limited, Tata Chemicals Limited, Mangalore Chemicals and
Fertilizers Limited, The Fertilizers and Chemicals Travancore Limited, Gujarat
Narmada Valley Fertilizers & Chemicals Limited, Rastriya Chemicals
Fertilizer Ltd, Paradeep Phosphates Limited, KRIBHCO, Zuari Agro Chemicals Ltd,
Khaitan Chemicals & Fertilizers Ltd, Yara International Ltd and others. The
companies are developing advanced technologies and launching new products in
order to stay competitive in the market. Other competitive strategies include
mergers & acquisitions.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the
Study:
- To analyze and estimate the market size of India
fertilizers market from 2015 to 2018.
- To estimate and forecast the market size of India
fertilizers market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast India fertilizers market
based on type, origin, form, mode of application, crop type, company and
regional distribution.
- To identify dominant region or segment in the India
fertilizers market.
- To identify drivers and challenges for India fertilizers
market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
fertilizers market.
- To identify and analyze the profile of leading
players operating in India fertilizers market.
- To identify key sustainable strategies adopted
by market players in India fertilizers market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of fertilizers manufacturers across the country. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the fertilizers
manufacturers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the fertilizers manufacturers, distribution
channels and presence of all major players across the country.
TechSci Research calculated the market size of India fertilizers market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Fertilizers manufacturers,
suppliers, distributors and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to fertilizers
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as fertilizers manufacturers, suppliers, partners,
end users, etc., besides allowing them in strategizing investments and
capitalizing on market opportunities.
Report Scope:
In this report, India fertilizers market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- India Fertilizers Market, By Type:
- Straight
- Nitrogenous
- Phosphatic
- Potash
- Secondary Macronutrient Fertilizers
- Micronutrient Fertilizers
- Others
- Fertilizer Type
- Urea
- DAP
- SOP
- SSP
- NPK Complex Fertilizer
- Ammonium Sulphate
- Complex
- India Fertilizers Market, By Origin:
- Organic
- Synthetic
- Bio-fertilizer
- India Fertilizers Market, By Form:
- India Fertilizers Market, By Mode of Application:
- Foliar Spraying
- Fertigation
- Sowing
- Broadcasting
- Spraying
- Drip Method
- Others
- India Fertilizers Market, By Crop Type:
- Grains & Cereals
- Pulses & Oilseeds
- Commercial Crops
- Fruits & Vegetables
- Other
- India Fertilizers
Market, By Region:
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India fertilizers market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
India fertilizers market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]