India Fertilizer Market Research Report, 2029

The living organisms need food to survive similarly, plants can grow more efficiently with the use of fertilizer (with water). Fertilizers not only enhance the soil with vary numerous minerals and other elements but also aid the development of the plant. Fertilizers can be produced either synthetic or found natural that is commonly known as Chemical Fertilizer and Organic Fertilizer (Biofertilizer) respectively in commercialized world. They can be used either directly to the soil or mixed with the water/Aqueous solution. It is available in varied forms like solid (granular, powder etc.), liquid (by Irrigation or sprinkling) and gas (as NH3). Market has distinct types of fertilizers available specific to their need, so it is beneficial to have in-depth knowledge of their types before utilizing them. The agricultural space in India (currently 60.3% around) is decreasing day by day, making it unavoidable to fertilize the agricultural land. Adding fertilizer guarantees the supply of necessary primary nutrient (Nitrogen, Phosphorus, Potassium) and secondary nutrient (Magnesium, Sulphur, Calcium) to provide nourishment to the plant by maintaining the soil fertility. The fertilizer is either made of individual nutrient or the composition of two or more. To avoid the deficiency of nutrients which results in Chlorosis, Necrosis, Delay in flowering, Stunted plant growth etc. fertilizers should be used. Globally, India ranks first in the production of spices, pulses and milk, second in fruits and vegetables. India has the largest irrigated area which is around 96 Million hectare and it is the third largest wheat producing country. Gujarat is the largest producer of fertilizers which accounted for more than ¼ th of nitrogenous and phosphatic fertilizer. This is due to the presence of more than 14% of the total fertilizer factories located here, followed by Tamil Nadu. India’s first super-phosphate (SSP) factory was set up at Ranipet in Tamil Nadu in 1906. In 1951, the industry took a leap with the set-up of the ‘Sindri Plant by the Fertilizer Corporation of India Ltd. (FCI-Noida). At present, India is the 3rd largest producer of nitrogenous fertilizer in the world. Pondicherry tops the chart in consumption of major fertilizers as compared to other Union Territories, followed by Telangana and Punjab states. The East India region has the lowest market share. According to the research report "India Fertilizer Market Research Report, 2029," published by Actual Market Research, the India Fertilizer market is anticipated to grow at more than 5.97% CAGR from 2024 to 2029. The Indian fertilizer market has experienced significant growth and shifting trends in recent years, driven by a range of economic and agricultural factors. As the world's second-largest producer of agricultural goods, India's demand for fertilizers has steadily increased to support its expansive crop cultivation and food production needs. The Indian agriculture department contributes around 17-18% of GDP. The production of Indian agriculture is increased 11% in last 14 years. 58-60% of Indian Population is engaged in agriculture practice. India Fertilizer market has been divided into two main categories as per their origin/ source i.e. Chemical Fertilizer and Organic/Biofertilizer. Trends within the Indian fertilizer sector have also evolved, with a greater emphasis on balanced nutrient application, organic and bio-fertilizers, and precision farming techniques. While traditional chemical fertilizers like urea, DAP, and NPK still dominate the market, there is a rising interest in specialty and complex fertilizers that can provide more targeted nutrient solutions for specific crop requirements. Additionally, the push for sustainable agriculture has led to increased adoption of eco-friendly options like vermicompost, green manure, and microbial inoculants The fertilizer market in India has seen significant growth and shifting trends across various product segments in recent years. Ammonium Sulfate (AS) has remained a staple, providing a reliable source of nitrogen and sulfur for crops. Urea, a highly concentrated nitrogen fertilizer, continues to dominate the market due to its cost-effectiveness and widespread availability. Calcium Ammonium Nitrate (CAN) and Ammonium Nitrate (AN) have also maintained a steady presence, offering balanced nitrogen and calcium/nitrate formulations preferred by many farmers. In the phosphate category, Di-Ammonium Phosphate (DAP) and Mono-Ammonium Phosphate (MAP) have been widely utilized, supplying essential phosphorus along with nitrogen. Potassium Chloride (MOP/KCl), a key source of potassium, remains a critical component, particularly for crops with high potassium requirements. Additionally, complex fertilizers, which combine multiple nutrients like nitrogen, phosphorus, and potassium, have gained traction as they provide a more comprehensive and balanced nutritional profile for plants. These diverse product segments cater to the varied needs of India's diverse agricultural landscape, with each offering unique advantages in terms of nutrient composition, efficiency, and suitability for different crop types and soil conditions.

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The fertilizer market in India has seen significant growth across various application segments, with each playing a crucial role in supporting the country's agricultural productivity. The vegetable and fruit segment has witnessed a surge in demand as consumers increasingly seek out nutrient-rich produce, driving farmers to utilize specialized fertilizers tailored to these high-value crops. Similarly, the cereals and grains segment has remained a mainstay, with farmers relying on a range of fertilizers to ensure bountiful harvests of staple food crops like rice, wheat, and corn. The oilseeds and pulses segment has also experienced notable growth, as India strives to bolster its self-sufficiency in edible oils and protein-rich legumes through the judicious application of targeted fertilizers. Additionally, the "others" category encompasses a diverse array of applications, from ornamental plants to specialty crops, each requiring its own unique fertilizer formulations to thrive. COVID-19 Impact During the COVID-19 pandemic, the impact on the Indian fertilizer market is not very huge because the national government exempted (free from) this sector from lockdown restrictions. However, the sector faced challenges in shortage of labour and supply chain of raw materials being disturbed. Post pandemic the common people are moving towards hygienically produced food that will lead the market to its predominant growth rate. Considered in this report : • Geography: India • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Aspects covered in this report : • India fertilizer market with its value and forecast along with its segments • Application wise fertilizer consumption • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Nutrient in the report: • Nitrogenous fertilizer (Urea, ammonium sulphate, CAN/ AN, others) • Phosphate fertilizer (Di-ammonium phosphate, mono-ammonium phosphate, others) • Potash fertilizer (Muriate of potash/potassium chloride, sulphate of potash others) • Complex fertilizer (NPK, NK, PK, NP compounds) By Product type in the report: • Ammonium sulphate • Urea • Calcium ammonium nitrate/ Ammonium nitrate • Di-ammonium phosphate (DAP) • Mono-ammonium phosphate (MAP) • Muriate of potash (MOP)/ (KCl) • Complex (NPK, NK, PK, NP) • Others (Potassium nitrate, Other Potasic fertilizer) • Others (Phosphate rock, superphosphate, other Phosphatic fertilizer) • Others (UAN, Sodium nitrate, Ammonia anhydrous, Others nitrogenous fertilizers)

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By Application in the report: • Vegetable & Fruits • Cereals & Grains • Oilseeds & Pulses • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.