IMARC Group’s latest research report, titled “Indian Fertilizer Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The fertilizer market in India reached a value of INR 887 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.5% during 2021-2026. Fertilizers are natural or synthetic materials containing chemical elements that supply essential growth nutrients to plants. They can be applied to the soil or directly on plant bodies. Aside from boosting growth, they also increase crop yield while improving the soil’s nutrient content. Fertilizers are available in a wide range of varieties- they can be natural, synthetic, or organic. India is the second-largest consumer of fertilizers globally, and although all types of fertilizers are used in India, organic fertilizers have been trending lately.
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Important Attribute and highlights of the Report:
- Detailed analysis of the market share
- Market Segmentation by product type, segment, formulation and application.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Indian Fertilizer Market
- Strategies of major players and product offerings
The Indian fertilizer market is primarily driven by the rising food demand across the country. As a result of increasing population levels, more and more farmlands are cultivated to increase yields to meet the food demand. In addition, rising crop prices are also providing a positive outlook to the Indian fertilizer market. Some of the other factors, including considerable growth in the biotech industry, product innovations, profitable government initiatives and subsidies, extensive research, and development (R&D) activities along with the growing demand for nitrogen, phosphorus, potassium, and micronutrient fertilizers, are further driving the market growth.
Key Players Included in Indian Fertilizer Market Research Report:
- Coromandel International Limited
- Deepak Fertilisers and Petrochemicals Corporation Limited
- Fertilisers And Chemicals Travancore Limited (FACT)
- Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC)
- Gujarat State Fertilizers & Chemicals Limited (GSFC)
- Hindustan Fertilizer Corporation Limited (HFCL)
- Indian Farmers Fertiliser Cooperative Limited (IFFCO)
- Krishak Bharati Cooperative Limited (KRIBHCO)
- MADRAS FERTILIZERS LIMITED
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Product Type:
- Chemical Fertilizers
- Biofertilizers
Breakup by Segment:
- Complex Fertilizers
- DAP
- MOP
- Urea
- SSP
- Others
Breakup by Formulation:
- Liquid
- Dry
Breakup by Application:
- Farming
- Grains and Cereals
- Oilseeds
- Fruits and Vegetables
- Others
- Gardening
Breakup by Region
- East India
- North India
- South India
- West India
TOC for the Indian Fertilizer Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Indian Fertilizer Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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