According to the latest report by IMARC Group, titled “Indian Fertilizer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Indian fertilizer market 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.
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.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/indian-fertilizer-market
Market Trends:
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.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the leading companies operating in the market are
- 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
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
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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