India Fertilizer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The India Fertilizer Market report has been segmented by Product (Nitrogenous, Phosphatic, Potash, Complex, Secondary Nutrient, and Micronutrient Fertilizers) and Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Applications).

Market Snapshot

india fertilizer market overview
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 11.9 %
india fertilizer market major players

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Market Overview

The Indian fertilizer market is projected to register a CAGR of 11.9% during the forecast period (2021-2026).

The impact of the global coronavirus pandemic on the Indian fertilizer market is low, as the national government exempted this sector from lockdown restrictions. However, the sector faced challenges in shortage of labor and raw materials due to the lockdown. The government of India took measures to ensure fertilizers are available to the farmers in the midst of lockdown, which resulted in the increased sales of fertilizers. India is the second-largest consumer of fertilizers globally, with an annual consumption of more than 55.0 million metric ton. Among the various types of fertilizers used in India, urea, a nitrogen source, is one of the most consumed fertilizers in the country. The consumption of urea in the country as of March 2018 was 29.0 million metric ton. DAP is the second majorly consumed fertilizer in the country. According to the Department of Fertilizers, in 2017, the total production of urea and DAP in India was 20.7 million metric ton and 14.6 million metric ton, respectively, which was 1.36% higher compared to 2016

Scope of the Report

The International Fertilizer Association defines a fertilizer as “any solid, liquid, or gaseous substance containing one or more plant nutrient in a known amount, that is applied to soil, directly on plants, or added to aqueous solutions (as in fertigation) to maintain soil fertility, improve crop development, yield, and/or crop quality.” The Indian fertilizer market is segmented by product (nitrogenous, phosphatic, potash, complex, secondary nutrient, and micronutrient fertilizers) and application (grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and other applications).

Product
Nitrogenous Fertilizers
Urea
Calcium Ammonium Nitrate (CAN)
Ammonium Nitrate
Ammonium Sulfate
Anhydrous Ammonia
Other Nitrogenous Fertilizers
Phosphatic Fertilizers
Mono-Ammonium Phosphate (MAP)
Di-Ammonium Phosphate (DAP)
Triple Superphosphate (TSP)
Potash Fertilizers
Muriate of Potash (MOP)
Other Potash Fertilizers
Complex Fertilizers
Secondary Nutrient Fertilizers
Micronutrient Fertilizers
Application
Grains & Cereals
Pulses & Oilseeds
Commerical Crops
Fruits & Vegetables
Other Applications

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Key Market Trends

Increasing Agricultural Production

According to the Department of Agriculture, Cooperation & Farmers Welfare, agricultural production in the country has increased despite the decreasing area under cultivation. Rice production increased from 112.5 million metric ton in 2018 to 116.5 million metric ton in 2019, while wheat production increased from 99.9 million metric ton in 2018 to 103.6 million metric ton in 2019. Various Initiatives of the Government of India, such as the initiative for pulses by providing subsidies for quality seeds produced, cluster frontline demonstrations through KVKs, etc., are also being undertaken under the National Food Security Mission (NFSM) for increasing the production and productivity of pulses in the country.

india fertilizer market trends

Increase in the production of DAP and Complex Fertilizers

Urea is the majorly consumed fertilizer in India, followed by DAP. According to the Department of Fertilizer of India, the production of DAP and complex fertilizers is increasing in the country. The production of DAP reached 3.9 million metric ton, and the production of complex fertilizers reached 9.0 million metric ton in 2019. The increase in production resulted in the decline of DAP imports by 26.0% in 2019. The production of DAP has increased between 2017 and 2018 when the global prices for phosphate raw materials fell. This boosted the production of DAP in the country, owing to the higher demand for fertilizers.

india fertilizer market growth

Competitive Landscape

The Indian fertilizer market is a consolidated market with the presence of major players, such as Coromandel International Limited, Indian Farmers Fertilizer Cooperative (IFFCO), Fertilizers and Chemicals Travancore (FACT), Deepak Fertilizers Limited, and Chambal Fertilizers Limited, among others. The market is fragmented with a mix of government-owned and co-operatives garnering a high market share in the straight and complex fertilizer space and private companies engaged in a high degree of product innovation to tap the non-subsidy space.

Recent Developments

In February 2019, Coromandel International announced a strategic partnership with Agrinos. The partnership allows Coromandel to widen its product offering of complete pant nutrition solutions, organic fertilizers, and specialty nutrients. Coromandel, in partnership with Agrinos, will offer growers high technology inputs under the brand name ARITHRI.

In July 2017, Coromandel International expanded its phosphatic fertilizer plant in Andhra Pradesh. The expansion was done to raise the phosphoric acid production from 700 ton to 1000 ton per day.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Nitrogenous Fertilizers

        1. 5.1.1.1 Urea

        2. 5.1.1.2 Calcium Ammonium Nitrate (CAN)

        3. 5.1.1.3 Ammonium Nitrate

        4. 5.1.1.4 Ammonium Sulfate

        5. 5.1.1.5 Anhydrous Ammonia

        6. 5.1.1.6 Other Nitrogenous Fertilizers

      2. 5.1.2 Phosphatic Fertilizers

        1. 5.1.2.1 Mono-Ammonium Phosphate (MAP)

        2. 5.1.2.2 Di-Ammonium Phosphate (DAP)

        3. 5.1.2.3 Triple Superphosphate (TSP)

      3. 5.1.3 Potash Fertilizers

        1. 5.1.3.1 Muriate of Potash (MOP)

        2. 5.1.3.2 Other Potash Fertilizers

      4. 5.1.4 Complex Fertilizers

      5. 5.1.5 Secondary Nutrient Fertilizers

      6. 5.1.6 Micronutrient Fertilizers

    2. 5.2 Application

      1. 5.2.1 Grains & Cereals

      2. 5.2.2 Pulses & Oilseeds

      3. 5.2.3 Commerical Crops

      4. 5.2.4 Fruits & Vegetables

      5. 5.2.5 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Major Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Chambal Fertilizers Limited

      2. 6.3.2 Coromandel International Limited

      3. 6.3.3 Deepak Fertilizers & Petrochemicals Corporation Limited

      4. 6.3.4 Fertilizers and Chemicals Travancore Limited (FACT)

      5. 6.3.5 Gujarat Narmada Valley Fertilizers & Chemicals Limited

      6. 6.3.6 Gujarat State Fertilisers and Chemicals Co Limited

      7. 6.3.7 Indian Farmers Fertiliser Cooperative Limited (IFFCO)

      8. 6.3.8 Krishak Bharati Cooperative Limited (Kribhco)

      9. 6.3.9 Madras Fertilizers Limited

      10. 6.3.10 Mangalore Chemicals and Fertilizers limited

      11. 6.3.11 Nagarjuna Fertilizers & Chemicals Limited

      12. 6.3.12 National Fertilizers Limited

      13. 6.3.13 Paradeep Phosphates Limited

      14. 6.3.14 Rashtriya Chemicals & Fertilizers Limited

      15. 6.3.15 Southern Petrochemical Industries Corporation Limited (SPIC)

      16. 6.3.16 Zuari Agro Chemicals Limited

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The India Fertilizer Market market is studied from 2016 - 2026.

The India Fertilizer Market is growing at a CAGR of 11.9% over the next 5 years.

Coromandel International Ltd, National Fertilizers ltd, Chambal Fertilisers & Chemicals Ltd, National Chemical & Fertilizers Ltd, Nagarujuna fertilizers and Chemicals Ltd are the major companies operating in India Fertilizer Market.

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