India Controlled Release Fertilizer Market Size
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2030 | |
Market Size (2024) | USD 44.87 Million | |
Market Size (2030) | USD 68.60 Million | |
Largest Share by Coating Type | Polymer Coated | |
CAGR (2024 - 2030) | 7.33 % | |
Fastest Growing by Coating Type | Polymer-Sulfur Coated | |
Major Players |
||
*Disclaimer: Major Players sorted in no particular order |
India Controlled Release Fertilizer Market Analysis
The India Controlled Release Fertilizer Market size is estimated at USD 44.87 million in 2024, and is expected to reach USD 68.60 million by 2030, growing at a CAGR of 7.33% during the forecast period (2024-2030).
- Largest Segment by Type - Straight : Complex controlled release fertilizers can provide multiple nutrients at a constant rate to the crops, that it does not loose nutrients due to leaching or volitilization.
- Largest Segment by Coating Type - Polymer Coated : The polymer coated fertilizers release the nutrients for longer duration and decrease the leaching losses of fertilizers in the soil and also reduce the application rate.
- Largest Segment by Crop Type - Field Crops : The domination of field crops in Fertilizers market is mainly due to its large cultivation area in the country. They account for more than 95% of total crop area.
India Controlled Release Fertilizer Market Trends
This section covers the major market trends shaping the India Controlled Release Fertilizer Market according to our research experts:
Polymer Coated is the largest segment by Coating Type.
- Controlled-release fertilizer is an innovative technique that extends nutrient release time by 3, 6, 12 or even 15 months.
- The controlled-release fertilizer market in the country has shown an increase in market value by 90.0%, whereas consumption volume increased notably by 52.9% during the study period. The main reason for this is the Government of India making it mandatory for all domestic producers of urea to produce 100% neem-coated urea and distribute it at a subsidized price to the farmers.
- Field crops dominated the Indian controlled-release fertilizers market, with consumption volume accounting for 81.5% of the market, followed by horticultural crops at 17.9% in 2021 because field crops occupy 95.0% of the cultivated area. Major field crops of India include rice, wheat, millet, maize, pulses, sugarcane, and oilseeds.
- Controlled-release urea is the most used form of CRF in India. Nitrogen loss is one of the main problems faced by rice farmers, and the efficiency of nitrogen utilization in rice is often inadequate due to the large loss of nitrogen caused by volatilization, leaching, and denitrification. One way to improve nitrogen efficiency is to use controlled-release urea. Controlled-release urea generally outperformed granular urea fertilizers in reducing nitrogen loss, stimulating plant growth, and increasing nitrogen concentration.
- Growing concerns regarding health have pushed people to take health-related problems seriously. Increasing inclination toward environmental pollution along with no leaching property of CRF is positively influencing the controlled-release fertilizers industry in the country.
India Controlled Release Fertilizer Industry Overview
The India Controlled Release Fertilizer Market is moderately consolidated, with the top five companies occupying 56.36%. The major players in this market are Compo Expert, Florikan (distributed by Arysta LifeScience), Hebei Sanyuanjiuqi Fertilizer Co., Ltd., ICL and National Fertilizers Limited (sorted alphabetically).
India Controlled Release Fertilizer Market Leaders
Compo Expert
Florikan (distributed by Arysta LifeScience)
Hebei Sanyuanjiuqi Fertilizer Co., Ltd.
ICL
National Fertilizers Limited
*Disclaimer: Major Players sorted in no particular order
India Controlled Release Fertilizer Market News
- May 2022: ICL signed Framework agreements with customers in India and china to supply 600,000 and 700,000 metric tons of potash, respectively in 2022 at 590 USD per ton.
- February 2022: ICL's introduced lawn care fertilizers containing either urea coated with sulfur and a biodegradable polymer membrane (Poly-S) or resin-coated nitrogen combined with phosphorus and potash (PACE). This avoids uncontrolled shock growth, which means less mowing effort. The fertilizers are considered to be particularly easy and safe to use and are suitable for robotic lawnmowers.
- January 2019: Haifa Group launched NutriNet™, an online expert system which aims to support and optimize the process of creating customized fertilization programs. It assist growers in setting fertilization programs at free of cost.
India Controlled Release Fertilizer Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
3.1. Study Assumptions & Market Definition
3.2. Scope of the Study
3.3. Research Methodology
4. KEY INDUSTRY TRENDS
4.1. Acreage Of Major Crop Types
4.2. Average Nutrient Application Rates
4.3. Regulatory Framework
4.4. Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION
5.1. Coating Type
5.1.1. Polymer Coated
5.1.2. Polymer-Sulfur Coated
5.1.3. Others
5.2. Crop Type
5.2.1. Field Crops
5.2.2. Horticultural Crops
5.2.3. Turf & Ornamental
6. COMPETITIVE LANDSCAPE
6.1. Key Strategic Moves
6.2. Market Share Analysis
6.3. Company Landscape
6.4. Company Profiles
6.4.1. Compo Expert
6.4.2. Florikan (distributed by Arysta LifeScience)
6.4.3. Haifa
6.4.4. Hebei Sanyuanjiuqi Fertilizer Co., Ltd.
6.4.5. ICL
6.4.6. National Fertilizers Limited
6.4.7. Zhongchuang xingyuan chemical technology co.ltd
7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
8. APPENDIX
8.1. Global Overview
8.1.1. Overview
8.1.2. Porter's Five Forces Framework
8.1.3. Global Value Chain Analysis
8.1.4. Market Dynamics (DROs)
8.2. Sources & References
8.3. List of Tables & Figures
8.4. Primary Insights
8.5. Data Pack
8.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- INDIA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
- Figure 2:
- INDIA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
- Figure 3:
- INDIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 4:
- INDIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 5:
- INDIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 6:
- INDIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 7:
- INDIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 8:
- INDIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 9:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028
- Figure 10:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, VALUE, USD, 2016 - 2028
- Figure 11:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY COATING TYPE, VOLUME, METRIC TON, 2016 - 2028
- Figure 12:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY COATING TYPE, VALUE, USD, 2016 - 2028
- Figure 13:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, VOLUME SHARE(%), BY COATING TYPE, 2016 - 2028
- Figure 14:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, VALUE SHARE(%), BY COATING TYPE, 2016 - 2028
- Figure 15:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY COATING TYPE, POLYMER COATED, METRIC TON, 2016 - 2028
- Figure 16:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY COATING TYPE, POLYMER COATED, USD, 2016 - 2028
- Figure 17:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 18:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY COATING TYPE, POLYMER-SULFUR COATED, METRIC TON, 2016 - 2028
- Figure 19:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY COATING TYPE, POLYMER-SULFUR COATED, USD, 2016 - 2028
- Figure 20:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 21:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY COATING TYPE, OTHERS, METRIC TON, 2016 - 2028
- Figure 22:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY COATING TYPE, OTHERS, USD, 2016 - 2028
- Figure 23:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 24:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028
- Figure 25:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028
- Figure 26:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, VOLUME SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 27:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 28:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028
- Figure 29:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028
- Figure 30:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, VALUE SHARE(%), BY COATING TYPE, 2016 - 2028
- Figure 31:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028
- Figure 32:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028
- Figure 33:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, VALUE SHARE(%), BY COATING TYPE, 2016 - 2028
- Figure 34:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028
- Figure 35:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028
- Figure 36:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, VALUE SHARE(%), BY COATING TYPE, 2016 - 2028
- Figure 37:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 38:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 39:
- INDIA CONTROLLED RELEASE FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021
India Controlled Release Fertilizer Industry Segmentation
Polymer Coated, Polymer-Sulfur Coated, Others are covered as segments by Coating Type. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type.Coating Type | |
Polymer Coated | |
Polymer-Sulfur Coated | |
Others |
Crop Type | |
Field Crops | |
Horticultural Crops | |
Turf & Ornamental |
Market Definition
- AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
- CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, Fiber Crops, and Forage Crops, Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
- MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
- NUTRIENT TYPES COVERED - Urea & Complex
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms