Market Size of india urea Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 12.50 Billion |
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Market Size (2030) | USD 19.67 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 7.85 % |
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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 Urea Market Analysis
The India Urea Market size is estimated at USD 12.5 billion in 2024, and is expected to reach USD 19.67 billion by 2030, growing at a CAGR of 7.85% during the forecast period (2024-2030).
- Largest By Type - Straight : Conventional Urea is the most consumed fertilizer in India, as Nitrogen is the most yield limiting nutrient for crop growth and farmers are highly adapted to its usage.
- Largest 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 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.
