The latest report by IMARC Group, titled “Indian Fertilizer Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,“ offers a comprehensive analysis of the industry, which comprises insights into the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The Indian fertilizer market size reached INR 942.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 1,383.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.
Indian Fertilizer Market Overview:
Fertilizer is a substance added to soil to enhance its fertility and increase agricultural productivity. It provides essential nutrients required for the growth and development of plants, including nitrogen, phosphorus, and potassium, commonly referred to as NPK. These nutrients support various plant functions, such as growth, root development, and fruit production, contributing to both the quality and quantity of crop yields. Fertilizers can be classified into two main categories, including organic and inorganic. Organic fertilizers are derived from natural materials such as animal manure, compost, and bone meal, and they not only supply nutrients but also improve soil structure. Inorganic fertilizers, on the other hand, are manufactured through chemical processes and tend to provide nutrients in more concentrated forms, which are immediately available to plants but can cause environmental issues such as water pollution and soil degradation if not used responsibly. The global demand for fertilizers is driven by the need to support increasing agricultural output to feed a growing population.
Request to Get the Sample Report: https://www.imarcgroup.com/indian-fertilizer-market/requestsample
Indian Fertilizer Market Trends:
The Indian market is primarily driven by the substantial agricultural sector that constitutes a significant portion of the country's economy. India, being the second-largest agricultural producer globally, relies heavily on fertilizers to enhance crop yield and quality to meet the increasing food demand of its burgeoning population. The government's supportive policies, including subsidies and minimum support price schemes, further stimulate the demand for fertilizers. Additionally, initiatives including the nutrient based subsidy (NBS) scheme aim to promote the use of balanced fertilizers, thereby fostering market growth. Moreover, the increasing awareness among farmers about the benefits of fertilizers and the adoption of precision agriculture techniques contribute to the market expansion. These methods help in applying the correct amount of fertilizers, thereby optimizing the efficiency of inputs, and minimizing environmental impact. The shift towards organic farming has also increased the demand for bio-fertilizers in India, which is seen as a sustainable alternative to chemical fertilizers, aligning with global trends towards environmental sustainability.
Indian Fertilizer 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
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.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Comments