India Fertilizer Market was valued at INR 990.40 Bn. in 2022 and is expected to reach INR 1459.95 Bn. by 2029, at a CAGR of 5.7% during a forecast period.
India Fertilizer Market Overview:
The India Fertilizer Market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the India Fertilizer Market , as well as the reasons for variations in the industry’s growth in various locations.
Market Scope:
This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.
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Drivers:
Food demand is expected to rise sharply over the next five years, owing to the country’s rapid population increase. Conversely, as urbanization levels rise, accessible arable land is anticipated to decline. Fertilizers are expected to play a significant influence in raising average agricultural yields per hectare. Despite great historical growth, India’s fertiliser use is still extremely imbalanced. There are now a handful of states in India with very low fertiliser penetration. This offers plenty of room for planned growth. Rising rural incomes, combined with easy financing availability, are also expected to have a favorable impact on fertiliser usage in the country. Contract farming, in which the food processor (contractor) is supposed to give inputs in the form of technology and training to the farmer, is also projected to have a good impact on fertilizer usage.
India Fertilizer Market Segmentation:
by Product
Nitrogenous
Urea
Calcium Ammonium Nitrate (CAN)
Ammonium Nitrate
Ammonium Sulfate
Ammonia
Other Nitrogenous Fertilizers
Phosphatic
Mono-Ammonium Phosphate (MAP)
Di-Ammonium Phosphate (DAP)
Triple Superphosphate (TSP)
Other Phosphatic Fertilizers
Potassic
Others
by Application
Grains & Cereals
Oil Seeds
Fruits & Vegetables
Other
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India Fertilizer Market Key Players :
The entire method entails an examination of the key market players’ financial reports. Following the assessment of the overall market size, the market was segmented into several segments and sub-segments and validated by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the India Fertilizer Market are as follows:
5. Steel Authority Of India Limited
6. Neyveli Lignite Corporation Limited
7. Paradeep Phosphates Limited
8. Pyrites, Phosphates & Chemicals Limited
9. Hindustan Fertilizer Corporation Limited
10. Chambal Fertilizers & Chemicals Limited
11. Ajay Farm-Chem Private Limited
12. Balaji Fertilizers Private Limited
13. Deepak Fertilizer and Petrochemicals Corporation Limited
14. Bharat Fertilizer Industries Limited
15. Coromandal Fertilizers Limited
16. Gujarat Narmada Valley Fertilizer Co. Limited
17. Meerut Agro Chemicals Private Limited
18. Duncans Industries Limited
19. Karnataka Agro Chemicals
20. Godavari Fertilizers & Chemical Limited
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Regional Analysis:
Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the India Fertilizer Market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on India Fertilizer Market :
Due to a break in operations, end-user sectors where India Fertilizer Market are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for India Fertilizer Market manufacturers, affecting the development of the India Fertilizer Market in 2020. End-user business demand for India Fertilizer Market has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the India Fertilizer Market Report are:
- Which segment had the largest share in the India Fertilizer Market in 2021?
- What is the competitive landscape of the India Fertilizer Market ?
- Which are the key drivers aiding the India Fertilizer Market growth?
- Which region has the maximum share in the India Fertilizer Market ?
- What will be the CAGR of the India Fertilizer Market during the forecast period (2022-2027)?
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