India Neem Coated Urea Market is anticipated to increase at an impressive rate in the forecast period this can be ascribed to the growing demand from the agriculture sector. The agriculture industry regards neem-coated urea as a source of nitrogen. Therefore, it is utilized as fertilizer to supply fields with vital minerals needed for good crop production when there is a shortage. The growing demand for greener alternatives in the fertilizers industry is expected to spur the growth of neem coated urea market in India. Neem Coated Urea is a sustainable alternative since it reduces air, soil, and water pollution and helps in improving the amount and quality of crop production.

One of the major transformational decisions taken by the Government of India was to introduce 100% Neem Coating on all subsidized agricultural grade urea in the country in order to increase the nutrient efficiency, crop yield, soil health and check the diversion of agricultural grade urea. The government of India provides urea at a fixed retail price that is significantly less than the cost of production or the cost of urea imports in order to assist farmers in obtaining it at fair pricing. Every year, the government invests more than Rs. 50,000 crores (USD6124.62 million) to ensure that farmers can obtain urea at reasonable prices. There have numerous been studies indicating that farmers are wasting a significant amount of the urea which they apply to their crops, resulting in low nutrient efficiency, and contaminated water and soil.

Awareness About Soil Health

Studies conducted by different institutes reveal that due to the government's courageous move, urea utilization has improved, and wastage has significantly reduced. The studies also demonstrate that using neem-coated urea has significantly improved soil quality and decreased farmers' costs for plant protection chemicals. Major agricultural yields have increased as a result as well. All of these have significantly contributed to the growth of farmers' income.

The agriculture industry regards neem-coated urea as a source of nitrogen. Therefore, it is utilized as fertilizer to supply fields with vital minerals needed for good crop production when there is a shortage. The use of neem coated urea significantly improves soil health.

Increase in Yield of Crop

As per government data, the yield of paddy, sugarcane, maize, soybean, and tur/red gram increased to 5.79%, 17.5%, 7.14%, 7.4%, and 16.88%, respectively after using neem coated urea in the year 2021. The overall cost incurred to the farmers has significantly gone down after the adoption of neem coated urea in place of normal urea. Initiatives such as Pradhan Mantri Krishi Sinchai Yojana, Credit facility for farmers and subsidiaries on fertilizers are propelling agriculture activities, thereby driving the growth of neem coated urea market.

Efficiency Over Traditional Urea

To develop responsible and sustainable strategies, the Government of India has made it mandatory to produce and distribute Neem Coated Urea (NCU) in place of Normal Urea (NU) across the nation. This decision was made after considering all the benefits and drawbacks of the existing agricultural production scenario, input needs, and the burden associated with urea-related subsidies. Compared to the normal urea, neem (neem oil) coating urea has lesser influence on the environment. At the same time, the productivity increases significantly.


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Market Segmentation

India Neem Coated Urea Market can be segmented based on end user, sales channel, and region. Based on end use, the market can be categorized into food crops, cash crops, horticulture crops, plantation crops, and others. Based on distribution channel, the market can be segmented into direct sales, distributors/suppliers, and online.

Market Players

Indian Farmers Fertiliser Cooperative Limited, Krishak Bharati Cooperative Limited, National Fertilizers Limited, Mangalore Chemicals and Fertilizers Limited, Krishna Agro Bio Products, Gujarat State Fertilizers, Uttam Phosphates Pvt. Ltd., Indorama India Private Limited, Yara Fertilisers India Pvt. Ltd, Rashtriya Chemicals & Fertilizers Ltd are some of the key players operating in the India Neem Coated Urea Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in metric ton, and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, Volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         End Use

·         Sales Channel

Regional scope

East; West; North; South.

Key companies profiled

Indian Farmers Fertiliser Cooperative Limited, Krishak Bharati Cooperative Limited, National Fertilizers Limited, Mangalore Chemicals and Fertilizers Limited, Krishna Agro Bio Products, Gujarat State Fertilizers, Uttam Phosphates Pvt. Ltd., Indorama India Private Limited, Yara Fertilisers India Pvt. Ltd, Rashtriya Chemicals & Fertilizers Ltd

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, India Neem Coated Urea Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         India Neem Coated Urea Market, By End Use:

    • Food Crops
    • Cash Crops
    • Horticulture Crops
    • Plantation Crops
    • Others

·         India Neem Coated Urea Market, By Sales Channel:

    • Direct Sales
    • Distributors/Suppliers
    • Online

·         India Neem Coated Urea Market, By Region:

o   North

o   South

o   West

o   East 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Neem Coated Urea 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).

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1.    Product Overview

1.1.       Market Definition

1.2.       Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.       Objective of the Study

2.2.       Baseline Methodology

2.3.       Key Industry Partners

2.4.       Major Association and Secondary Sources

2.5.       Forecasting Methodology

2.6.       Data Triangulation & Validation

2.7.       Assumptions and Limitations

3.    Executive Summary

3.1.       Overview of the Market

3.2.       Overview of Key Market Segmentations

3.3.       Overview of Key Market Players

3.4.       Overview of Key Regions/Countries

3.5.       Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    India Neem Coated Urea Market Outlook

5.1.       Demand Analysis

5.1.1.    Production

5.1.2.    Import

5.1.3.    Export

5.1.4.    Inventory

5.1.5.    Demand & Supply Gap

5.2.       Market Size & Forecast

5.2.1.    By Value & Volume

5.3.       Market Share & Forecast

5.3.1.    By End Use (Food Crops, Cash Crops, Horticulture Crops, Plantation Crops & Others)

5.3.2.    By Sales Channel (Direct Sales, Distributors/Suppliers, Online)

5.3.3.    By Region (North, South, West, and East)

5.3.4.    By Company (2022)

5.4.       Market Map

5.4.1.    By End Use

5.4.2.    By Sales

5.4.3.    By Region

6.    North India Neem Coated Urea Market Outlook

6.1.       Market Size & Forecast       

6.1.1.    By Value & Volume

6.2.       Market Share & Forecast

6.2.1.    By End Use

6.2.2.    By Sales Channel

6.2.3.    By States (Top 3 states)

7.    South India Neem Coated Urea Market Outlook

7.1.       Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.       Market Share & Forecast

7.2.1.    By End Use

7.2.2.    By Sales Channel

7.2.3.    By States (Top 3 states)

8.    West India Neem Coated Urea Market Outlook

8.1.       Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.       Market Share & Forecast

8.2.1.    By End Use

8.2.2.    By Sales Channel

8.2.3.    By States (Top 3 states)

9.    East India Neem Coated Urea Market Outlook

9.1.       Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.       Market Share & Forecast

9.2.1.    By End Use

9.2.2.    By Sales Channel

9.2.3.    By States (Top 3 states)

10.  Market Dynamics

10.1.     Drivers

10.1.1.  Increasing awareness about Soil Health

10.1.2.  Increase in Yield of Crop

10.1.3.  Benefits over Traditional urea

10.2.     Challenges

10.2.1.  Price of neem-coated urea is higher than normal urea

10.2.2.  Lack of awareness regarding the benefits of neem-coated urea

11.  Market Trends & Developments

12.  Import & Export Dynamics

12.1.     Country wise Imports

12.2.     Country wise Exports

12.3.     List of Majorly Imported Products

12.4.     List of Majorly Exported Products

13.  Pricing Analysis

14.  Product Benchmarking

14.1.     List of Products offered by top companies.

14.2.     Product-wise sales estimation (domestic vs exports)

14.3.     Photos of each product packaging

14.4.     Manufacturing composition and process of product

15.  Patent Analysis

16.  Policy and Regulatory Landscape

17.  Porters Five Forces Analysis

17.1.     Competition in the Industry

17.2.     Potential of New Entrants

17.3.     Power of Suppliers

17.4.     Power of Customers

17.5.     Threat of Substitute Products

18.  Competitive Landscape

18.1.     Business Overview

18.2.     Company Snapshot

18.3.     Products & Services

18.4.     Financials (As reported)

18.5.     Recent Developments

18.6.     SWOT Analysis

18.6.1.  Indian Farmers Fertiliser Cooperative Limited

18.6.2.  Krishak Bharati Cooperative Limited

18.6.3.  National Fertilizers Limited

18.6.4.  Mangalore Chemicals and Fertilizers Limited

18.6.5.  Krishna Agro Bio Products

18.6.6.  Gujarat State Fertilizers

18.6.7.  Uttam Phosphates Pvt. Ltd.

18.6.8.  Indorama India Private Limited

18.6.9.  Yara Fertilisers India Pvt. Ltd

18.6.10.   Rashtriya Chemicals & Fertilizers Ltd

19. Strategic Recommendations

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