Market Size of india fertilizers Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 43.32 Billion |
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Market Size (2030) | USD 62.83 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 6.39 % |
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Fastest Growing by Crop Type | Horticultural Crops |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Fertilizer Market Analysis
The India Fertilizers Market size is estimated at USD 43.32 billion in 2024, and is expected to reach USD 62.83 billion by 2030, growing at a CAGR of 6.39% during the forecast period (2024-2030).
- Fastest growing segment by Product - Boron : Boron deficient soils are majorly observed in the Eastern and North-Eastern parts of the country. B application can increase the food production and ensure food security.
- 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.
- Fastest growing by Speciality Type - Water Soluble : They provide wide-range of nutrient grades and different methods of application available such as foliar, fertigation and soil application depending on requirement
- Largest segment by Application Mode - Soil : It is a conventional way of fertilizer application and can be applied without any equipment. This method of application improves both plant health and soil fertility.
