India Specialty Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The India Specialty Fertilizer Market is segmented by Speciality Type ( CRF, Liquid Fertilizer, SRF, Water Soluble ) , by Application Mode ( Fertigation, Foliar, Soil ) and by Crop Type ( Field Crops, Horticultural Crops, Turf & Ornamental )

India Specialty Fertilizer Market Size

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India Specialty Fertilizer Market
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 1.20 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 1.77 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Speciality Type Water Soluble
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 6.69 %
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Speciality Type Water Soluble

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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India Specialty Fertilizer Market Analysis

The India Specialty Fertilizer Market size is estimated at USD 1.20 billion in 2024, and is expected to reach USD 1.77 billion by 2030, growing at a CAGR of 6.69% during the forecast period (2024-2030).

  • Largest segment 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
  • Fastest growing by Speciality Type - Water Soluble : There is an increasing trend in the mechanization of irrigation systems in the farms, these factors increasing the demand for fertilizers like water soluble fertilizers.
  • Largest Segment by Crop Type - Horticultural Crops : The demand for horticulture crops is rising with growing health consciousness and increasing buying power of the customers leading to increased crop cultivation.
  • Largest segment by Application Mode - Fertigation : The fertigation method has numerous advantages like increased fertilizer absorption, reduced wastage and nutrient losses, reduce labor costs, and ease of fertilizer application.

India Specialty Fertilizer Market Trends

This section covers the major market trends shaping the India Specialty Fertilizer Market according to our research experts:

Water Soluble is the largest segment by Speciality Type.

  •  The Indian controlled-release fertilizer market has shown a decline in market value even though consumption increased notably by 52.9% during the study period. The main reason for this is the Indian government 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.
  • Liquid fertilizers accounted for 41.9% of India's specialty fertilizers market in 2021. Straight fertilizers accounted for the maximum share of the liquid fertilizer market, accounting for 69.2%. This segment was valued at USD 964.0 million in 2017 and is anticipated to reach USD 1.70 billion by 2028. Complex fertilizers accounted for 30.8% of the liquid fertilizers market in 2021.
  • Slow-release fertilizers accounted for 1.7% of the total specialty fertilizer market value in 2021. Field crops and horticultural crops were the major consumers of slow-release fertilizers, accounting for 75.8% and 24.1% of the market volume in 2021. The intensive field crop and horticultural crop cultivation in the country are anticipated to drive the market for slow-release fertilizers.
  • In India's specialty fertilizers market, water-soluble fertilizers accounted for 54.3% of the market share in 2021. Water-soluble fertilizers are mostly used for the application of primary nutrients in the country. About 78.5% of primary nutrients are water-soluble fertilizers, and 5.6% and 3.8% of secondary macronutrients and micronutrients accounted for water-soluble fertilizers in 2021.
  • The rise in demand for high-efficiency fertilizers, ease of application, adoption of sustainable farming practices, and higher environmental safety are some of the factors driving the specialty fertilizers market in India.
India Specialty Fertilizer Market

India Specialty Fertilizer Industry Overview

The India Specialty Fertilizer Market is fairly consolidated, with the top five companies occupying 65.03%. The major players in this market are Coromandel International Ltd., Deepak fertilizers & Petrochemicals Corporation Ltd, Indian Farmers Fertiliser Cooperative Limited, Mangalore Chemicals & Fertilizers Ltd. and Yara India Ltd. (sorted alphabetically).

India Specialty Fertilizer Market Leaders

  1. Coromandel International Ltd.

  2. Deepak fertilizers & Petrochemicals Corporation Ltd

  3. Indian Farmers Fertiliser Cooperative Limited

  4. Mangalore Chemicals & Fertilizers Ltd.

  5. Yara India Ltd.

*Disclaimer: Major Players sorted in no particular order

India Specialty Fertilizer Market
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India Specialty Fertilizer Market News

  • September 2021: In September 2021, Coromandel International launched GroShakti Fertilizer. It is a new technology and superior complex fertilizer with EnPhos Technology and Zincated 14-35-14. This grade has a high nutrient percentage and less filler material, because of which it does not hurt the soil mechanism.
  • January 2021: Smartchem Technologies Limited, a 100% subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) announced its partnership with AgroStar, a leading agri-input e-commerce platform, this partnership will enable delivery of value-added, differentiated fertilisers directly to farmers' doorsteps in Maharashtra & Madhya Pradesh.
  • November 2019: IFFCO Launches its Nano Technology based Products nano nitrogen, nano zinc and nano copper for on- field trials as part of its efforts to cut United Statesge of chemical fertilisers and boost farmers' income.

India Specialty Fertilizer Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1. Study Assumptions & Market Definition

    2. 3.2. Scope of the Study

    3. 3.3. Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1. Acreage Of Major Crop Types

    2. 4.2. Average Nutrient Application Rates

    3. 4.3. Regulatory Framework

    4. 4.4. Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1. Speciality Type

      1. 5.1.1. CRF

        1. 5.1.1.1. Polymer Coated

        2. 5.1.1.2. Polymer-Sulfur Coated

        3. 5.1.1.3. Others

      2. 5.1.2. Liquid Fertilizer

      3. 5.1.3. SRF

      4. 5.1.4. Water Soluble

    2. 5.2. Application Mode

      1. 5.2.1. Fertigation

      2. 5.2.2. Foliar

      3. 5.2.3. Soil

    3. 5.3. Crop Type

      1. 5.3.1. Field Crops

      2. 5.3.2. Horticultural Crops

      3. 5.3.3. Turf & Ornamental

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1. Key Strategic Moves

    2. 6.2. Market Share Analysis

    3. 6.3. Company Landscape

    4. 6.4. Company Profiles

      1. 6.4.1. Chambal Fertilizers & Chemicals Ltd

      2. 6.4.2. Compo Expert GmbH

      3. 6.4.3. Coromandel International Ltd.

      4. 6.4.4. Deepak fertilizers & Petrochemicals Corporation Ltd

      5. 6.4.5. Haifa Group

      6. 6.4.6. Indian Farmers Fertiliser Cooperative Limited

      7. 6.4.7. Israel Chemicals Ltd

      8. 6.4.8. Mangalore Chemicals & Fertilizers Ltd.

      9. 6.4.9. Sociedad Química y Minera (SQM)

      10. 6.4.10. Yara India Ltd.

  7. 7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS

  8. 8. APPENDIX

    1. 8.1. Global Overview

      1. 8.1.1. Overview

      2. 8.1.2. Porter's Five Forces Framework

      3. 8.1.3. Global Value Chain Analysis

      4. 8.1.4. Market Dynamics (DROs)

    2. 8.2. Sources & References

    3. 8.3. List of Tables & Figures

    4. 8.4. Primary Insights

    5. 8.5. Data Pack

    6. 8.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. INDIA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
  1. Figure 2:  
  2. INDIA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
  1. Figure 3:  
  2. INDIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 4:  
  2. INDIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 5:  
  2. INDIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 6:  
  2. INDIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 7:  
  2. INDIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 8:  
  2. INDIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 9:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 10:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE, USD, 2016 - 2028
  1. Figure 11:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 12:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, VALUE, USD, 2016 - 2028
  1. Figure 13:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 14:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 15:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 16:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, VALUE, USD, 2016 - 2028
  1. Figure 17:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY COATING TYPE, 2016 - 2028
  1. Figure 18:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY COATING TYPE, 2016 - 2028
  1. Figure 19:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER COATED, METRIC TON, 2016 - 2028
  1. Figure 20:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER COATED, USD, 2016 - 2028
  1. Figure 21:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 22:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER-SULFUR COATED, METRIC TON, 2016 - 2028
  1. Figure 23:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER-SULFUR COATED, USD, 2016 - 2028
  1. Figure 24:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 25:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, OTHERS, METRIC TON, 2016 - 2028
  1. Figure 26:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, OTHERS, USD, 2016 - 2028
  1. Figure 27:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 28:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, LIQUID FERTILIZER, METRIC TON, 2016 - 2028
  1. Figure 29:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, LIQUID FERTILIZER, USD, 2016 - 2028
  1. Figure 30:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 31:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, SRF, METRIC TON, 2016 - 2028
  1. Figure 32:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, SRF, USD, 2016 - 2028
  1. Figure 33:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 34:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, WATER SOLUBLE, METRIC TON, 2016 - 2028
  1. Figure 35:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, WATER SOLUBLE, USD, 2016 - 2028
  1. Figure 36:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 37:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 38:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, VALUE, USD, 2016 - 2028
  1. Figure 39:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY APPLICATION MODE, 2016 - 2028
  1. Figure 40:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY APPLICATION MODE, 2016 - 2028
  1. Figure 41:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, METRIC TON, 2016 - 2028
  1. Figure 42:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, USD, 2016 - 2028
  1. Figure 43:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 44:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, METRIC TON, 2016 - 2028
  1. Figure 45:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, USD, 2016 - 2028
  1. Figure 46:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 47:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, SOIL, METRIC TON, 2016 - 2028
  1. Figure 48:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, SOIL, USD, 2016 - 2028
  1. Figure 49:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 50:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 51:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028
  1. Figure 52:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 53:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 54:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028
  1. Figure 55:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028
  1. Figure 56:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 57:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028
  1. Figure 58:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028
  1. Figure 59:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 60:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028
  1. Figure 61:  
  2. INDIA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028
  1. Figure 62:  
  2. INDIA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 63:  
  2. INDIA SPECIALTY FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 64:  
  2. INDIA SPECIALTY FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 65:  
  2. INDIA SPECIALTY FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021

India Specialty Fertilizer Industry Segmentation

CRF, Liquid Fertilizer, SRF, Water Soluble are covered as segments by Speciality Type. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type.
Speciality Type
CRF
Polymer Coated
Polymer-Sulfur Coated
Others
Liquid Fertilizer
SRF
Water Soluble
Application Mode
Fertigation
Foliar
Soil
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental
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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 - Primary Nutrients: N, P and K, Secondary Macronutrients: Ca, Mg and S, Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
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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
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India Specialty Fertilizer Market Research FAQs

The India Specialty Fertilizer Market size is expected to reach USD 1.20 billion in 2024 and grow at a CAGR of 6.69% to reach USD 1.77 billion by 2030.

In 2024, the India Specialty Fertilizer Market size is expected to reach USD 1.20 billion.

Coromandel International Ltd., Deepak fertilizers & Petrochemicals Corporation Ltd, Indian Farmers Fertiliser Cooperative Limited, Mangalore Chemicals & Fertilizers Ltd. and Yara India Ltd. are the major companies operating in the India Specialty Fertilizer Market.

In the India Specialty Fertilizer Market, the Water Soluble segment accounts for the largest share by speciality type.

In 2024, the Water Soluble segment accounts for the fastest growing by speciality type in the India Specialty Fertilizer Market.

In 2023, the India Specialty Fertilizer Market size was estimated at USD 1.13 billion. The report covers the India Specialty Fertilizer Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Specialty Fertilizer Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

India Specialty Fertilizer Industry Report

Statistics for the 2024 India Specialty Fertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Specialty Fertilizer analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

India Specialty Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030