India Fertilizer Market Outlook, 2027-28

India Fertilizer Market is expected to grow with the CAGR of more than 9% by 2027-28. The Bio-fertilizer segment is expected to grow tremendously in the forecast period.

Featured Companies

  • 1. Coromandel International Limited
  • 2. Gujarat Narmada Valley Fertilizers & Chemicals Limited
  • 3. Gujarat State Fertilizers & Chemicals Limited
  • 4. Mangalore Chemicals & Fertilizers Limited
  • 5. National Fertilizer Limited
  • 6. Rashtriya Chemicals & Fertilizers Limited
  • More...

As we know, all the living organisms need food to survive similarly, plants can grow more efficiently with the use of fertilizer (with water). Fertilizers not only enhance the soil with vary numerous minerals and other elements but also aid the development of the plant. Fertilizers can be produced either synthetic or found natural that is commonly known as Chemical Fertilizer and Organic Fertilizer (Biofertilizer) respectively in commercialized world. They can be used either directly to the soil or mixed with the water/Aqueous solution. It is available in varied forms like solid (granular, powder etc.), liquid (by Irrigation or sprinkling) and gas (as NH3). Market has distinct types of fertilizers available specific to their need, so it is beneficial to have in-depth knowledge of their types before utilizing them. The agricultural space in India (currently 60.3% around) is decreasing day by day, making it unavoidable to fertilize the agricultural land. Adding fertilizer guarantees the supply of necessary primary nutrient (Nitrogen, Phosphorus, Potassium) and secondary nutrient (Magnesium, Sulphur, Calcium) to provide nourishment to the plant by maintaining the soil fertility. The fertilizer is either made of individual nutrient or the composition of two or more. To avoid the deficiency of nutrients which results in Chlorosis, Necrosis, Delay in flowering, Stunted plant growth etc. fertilizers should be used. Globally, India ranks first in the production of spices, pulses and milk, second in fruits and vegetables. India has the largest irrigated area which is around 96 Million hectare and it is the third largest wheat producing country. Gujarat is the largest producer of fertilizers which accounted for more than ¼ th of nitrogenous and phosphatic fertilizer. This is due to the presence of more than 14% of the total fertilizer factories located here, followed by Tamil Nadu. India’s first super-phosphate (SSP) factory was set up at Ranipet in Tamil Nadu in 1906. In 1951, the industry took a leap with the set-up of the ‘Sindri Plant by the Fertilizer Corporation of India Ltd. (FCI-Noida). At present, India is the 3rd largest producer of nitrogenous fertilizer in the world. Pondicherry tops the chart in consumption of major fertilizers as compared to other Union Territories, followed by Telangana and Punjab states. The East India region has the lowest market share. In Biofertilizer, Mycorrhizal fungi takes away the minerals from organic matter for the plant, Cyanobacteria are characterized by the property of nitrogen fixation. The process of conversion of the atmospheric Nitrogen into nitrogenous compounds in soil ready for plant to absorb in series of reaction is termed as nitrogen fixation. Eco-friendly, biofertilizers are not substitution of fertilizers but can supplement plant nutrients. According to the research report “India Fertilizer Market Outlook, 2027-28” published by Bonafide Research, in spite India being an agricultural country, the fertilizer market is not growing exponentially. The Indian agriculture department contributes around 17-18% of GDP. The production of Indian agriculture is increased 11% in last 14 years. 58-60% of Indian Population is engaged in agriculture practice. India Fertilizer market has been divided into two main categories as per their origin/ source i.e. Chemical Fertilizer and Organic/Biofertilizer. The India Fertilizer Market is expected to grow with the CAGR of more than 9% in the forecast period of 2022-2028. The Bio-fertilizer segment is expected to grow tremendously in the forecast period. On the other hand, chemical fertilizers are in demand due to its low cost, fast productivity and government subsidy under the (nutrient based subsidy scheme) on the fertilizers like Urea, DAP, MOP etc. The Chemical fertilizer are mainly sub-divided into three major nutrients from which Nitrogenous fertilizer has majority market share, followed by Phosphoric and Potash fertilizer. Indian Government had started the scheme NBS (the Centre fixed the NBS rates at Rs 18.79/kg for N, Rs 14.89/kg for P, Rs 10.12/kg for K and Rs 2.37/kg for S.) in order to avoid the use of imbalanced nutrients fertilizers like phosphorus and potassium. Urea market share is around three times of DAP market share which is anticipated to decrease given the different schemes & subsidies that are given to potash and phosphoric fertilizer. In India Organic (Bio)fertilizer are making a remarkable entry in the market to make its presence with chemical free fertilizer with the help of Fungi, bacteria, residue of food-materials, manure, bone-ash etc. At present, bio-fertilizer’s share isn’t noticeable as compared to chemical ones but it is expected to take a valuable market share in future with the growing trend of organically grown food. During the COVID-19 pandemic, the impact on the Indian fertilizer market is not very huge because the national government exempted (free from) this sector from lockdown restrictions. However, the sector faced challenges in shortage of labour and supply chain of raw materials being disturbed. Post pandemic the common people are moving towards hygienically produced food that will lead the market to its predominant growth rate. • Major companies present in India fertilizer market are; National Fertilizers Limited, Coromandel International Limited, Chambal Fertilizers, Smartchem Technologies Limited, Gujarat State Fertilizers & Chemicals Limited, Rashtriya Chemicals & Fertilizers, Kribhco Fertilizers Limited, Mangalore Chemicals & Fertilizers Limited, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), Nagarjuna Fertilizers and Chemicals Limited, Rama Phosphates Ltd. Gujarat State Fertilizers & Chemicals Limited (GSFC) will become the 1st company in India to manufacture indigenous Calcium Nitrate (CN-Water Soluble Fertilizer) under the ‘Aatmanirbhar Bharat Abhiyan’ which is used all across the country. Considered in this report: • Geography : India • Historical Years : 2016-17 • Base Year : FY 2021-22 • Estimated Year : FY 2022-23 • Forecast Year : FY 2027-28 Aspects covered in this report : • India Fertilizer Market with its market size, by value, by volume, CAGR (Historic + Forecast) and forecast along with its segments • Region wise fertilizer market share analysis • India Fertilizer Market share by product • By Majority Fertilizer Consumption - By Volume & By Value • Formulation by type market share analysis • Various drivers and challenges • On-going change and developments functionally • Five Force Model & SWOT analysis • Top profiled companies • Strategic Recommendation Region covered in this report: • North India • East India • South India • West India Types of fertilizers in this report: • Chemical Fertilizer I. Nitrogenous fertilizer (Urea, CN, AS etc.) II. Phosphoric fertilizer (DAP, SSP etc.) III. Potash fertilizer (MOP etc.) IV. Others (NPKs, Complex, Micronutrient fertilizer) • Biofertilizer / Organic The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Companies Mentioned

  • Coromandel International Limited
  • Gujarat Narmada Valley Fertilizers & Chemicals Limited
  • Gujarat State Fertilizers & Chemicals Limited
  • Mangalore Chemicals & Fertilizers Limited
  • National Fertilizer Limited
  • Rashtriya Chemicals & Fertilizers Limited
  • Chambal Fertilisers
  • Smartchem Technologies Limited
  • Kribhco Fertilizers Limited
  • Nagarjuna Fertilizers and Chemicals Limited
  • Rama Phosphates Limited

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. India Macro Economic Indicators
  • 2.8. Demographics Insight
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. India Fertilizer Market Outlook
  • 4.1. Production
  • 4.2. Market Size
  • 4.2.1. By Value
  • 4.2.2. By Volume
  • 4.3. Market Share
  • 4.3.1. By Physical Formulation
  • 4.3.2. By Product Type
  • 4.3.3. By Company
  • 5. India Bio Fertilizer Market Outlook
  • 5.1. Market Size
  • 5.1.1. By Value
  • 5.1.2. By Volume
  • 5.2. Market Share By Physical Formulation
  • 6. India Chemical Fertilizer Market Outlook
  • 6.1. Market Size
  • 6.1.1. By Value
  • 6.1.2. By Volume
  • 6.2. Market Share
  • 6.2.1. By Physical Formulation
  • 6.2.2. By Nutrient Type
  • 6.2.3. By Region
  • 7. India Nitrogenous Fertilizer Market Outlook
  • 7.1. Market Size
  • 7.1.1. By Value
  • 7.1.2. By Volume
  • 7.2. Market Share By Product Type
  • 7.3. India Urea Fertilizer Market Outlook
  • 7.3.1. Market Size
  • 7.3.1.1. By Value
  • 7.3.1.2. By Volume
  • 7.4. India Calcium Nitrate (CN) Fertilizer Market Outlook
  • 7.4.1. Market Size
  • 7.4.1.1. By Value
  • 7.4.1.2. By Volume
  • 7.5. India Ammonium Sulphate Fertilizer Market Outlook
  • 7.5.1. Market Size
  • 7.5.1.1. By Value
  • 7.5.1.2. By Volume
  • 8. India Phosphatic Fertilizer Market Outlook
  • 8.1. Market Size
  • 8.1.1. By Value
  • 8.1.2. By Volume
  • 8.2. Market Share By Product Type
  • 8.3. India Di-Ammonium Phosphate (DAP) Fertilizer Market Outlook
  • 8.3.1. Market Size
  • 8.3.1.1. By Value
  • 8.3.1.2. By Volume
  • 8.4. India Single Superphosphate (SSP) Fertilizer Market Outlook
  • 8.4.1. Market Size
  • 8.4.1.1. By Value
  • 8.4.1.2. By Volume
  • 9. India Potash Fertilizer Market Outlook
  • 9.1. Market Size
  • 9.1.1. By Value
  • 9.1.2. By Volume
  • 9.2. Market Share By Product Type
  • 9.3. India Muriate Of Potash (MOP) Fertilizer Market Outlook
  • 9.3.1. Market Size
  • 9.3.1.1. By Value
  • 9.3.1.2. By Volume
  • 10. Market Attractiveness Index
  • 11. Trade Dynamics
  • 11.1. Import Scenario
  • 11.1.1. Import By Product
  • 11.1.2. Import By Country
  • 11.2. Export Scenario
  • 11.2.1. Export By Product
  • 11.2.2. Export By Country
  • 12. Market Dynamics
  • 12.1. Key Drivers
  • 12.2. Key Challenges
  • 13. Market Trends & Developments
  • 13.1. Merger & Acquisitions
  • 13.2. Revival of Defunct Fertilizer Units
  • 13.3. Private Players to Slash Prices of DAP & MoP
  • 13.4. Government to Set up Fertilizer & Petrochemical Plants at Iranian Port
  • 13.5. Mobile Commerce in Agriculture
  • 14. Online Advice on Usage of Fertilizer Competitive Landscape
  • 14.1. Porter`s Five Forces
  • 14.2. SWOT Analysis
  • 14.3. Company Profiles
  • 14.3.1. National Fertilizers Limited
  • 14.3.1.1. Company Snapshot
  • 14.3.1.2. Company Overview
  • 14.3.1.3. Financial Highlights
  • 14.3.1.4. Geographic Insights
  • 14.3.1.5. Business Segment & Performance
  • 14.3.1.6. Product Portfolio
  • 14.3.1.7. Key Executives
  • 14.3.1.8. Strategic Moves & Developments
  • 14.3.2. Coromandel International Limited
  • 14.3.3. Chambal Fertilizers
  • 14.3.4. Smartchem Technologies Limited
  • 14.3.5. Gujarat State Fertilizers & Chemicals Limited
  • 14.3.6. Rashtriya Chemicals & Fertilizers
  • 14.3.7. Kribhco Fertilizers Limited
  • 14.3.8. Mangalore Chemicals & Fertilizers Limited
  • 14.3.9. Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC)
  • 14.3.10. Nagarjuna Fertilizers and Chemicals Limited
  • 14.3.11. Rama Phosphates Limited
  • 15. Strategic Recommendations
  • 16. Disclaimer

List of Tables
Table 1: List of HS Codes in India Pertaining to 2016-2021
Table 2: Import Duty Structure for Fertilizer in India 2016-2021
Table 3: Import By Product for Fertilizer in India 2016-2021 (By Value – INR Crore)
Table 4: Import By Product for Fertilizer in India 2016-2021 (By Volume – LMT)
Table 5: Import of Calcium Nitrate By Country for Fertilizer in India 2019-2021
Table 6: Import of Other Anml/Vgtbl Frtlsrs By Country for Fertilizer in India 2019-2021
Table 7: Import By Product for Fertilizer in India 2016-2021 (By Value – INR Crore)
Table 8: Import By Product for Fertilizer in India 2016-2021 (By Volume – LMT)
Table 9: Export of Calcium Nitrate By Country for Fertilizer in India 2019-2021
Table 10: Export of Other Anml/Vgtbl Frtlsrs By Country for Fertilizer in India 2019-2021
Table 11: Key Facts of National Fertilizers Limited
Table 12: Key Facts of Coromandel International Limited
Table 13: Key Facts of Chambal Fertiliser
Table 14: Key Facts of Smartchem Technologies Limited
Table 15: Key Facts of Gujarat State Fertilizers & Chemicals Limited
Table 16: Key Facts of Rashtriya Chemicals & Fertilizers
Table 17: Key Facts of Kribhco Fertilizers Limted
Table 18: Key Facts of Mangalore Chemicals & Fertilizers Limited
Table 19: Key Facts of Gujarat Narmada Valley Fertilizers & Chemicals Limited
Table 20: Key Facts of Nagarjuna Fertilizers and Chemicals Limited
Table 21: Key Facts of Rama Phosphates Limited

List of Figures
Figure 1: India Fertilizer Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 2: India Fertilizer Market Size – By Volume 2016-17 to 2027-28 (Lakhs Metric Tones=LMT)
Figure 3: India Fertilizer Market Share By Physical Formulation
Figure 4: India Fertilizer Market Share By Product Type By Value
Figure 5: India Fertilizer Market Share By Product Type By Volume
Figure 6: India Fertilizer Market Share By Companies By Value 2021-22
Figure 7: India Bio-fertilizer Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 8: India Bio-fertilizer Market Size – By Volume 2016-17 to 2027-28 (LMT)
Figure 9: India Bio-fertilizer Market Share By Physical Formulation
Figure 10: India Chemical Fertilizer Market Size – By Value (2016-17 to 2027-28) (INR Crore)
Figure 11: India Chemical Fertilizer Market Size – By Volume (2016-17 to 2027-28) (LMT)
Figure 12: India Chemical Fertilizer Market Share By Physical Formulation
Figure 13: India Chemical Fertilizer Market Share By Nutrient Type By Value
Figure 14: India Chemical Fertilizer Market Share By Nutrient Type By Volume
Figure 15: Chemical Market Size By Region – By Volume (2016-17 to 2027-28) (LMT)
Figure 16: Chemical Market Share By Region – By Volume (2016-17 to 2027-28) (LMT)
Figure 17: India Chemical Nitrogenous Fertilizer Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 18: India Nitrogenous Fertilizer Market Size – By Volume 2016-17 to 2027-28 (LMT)
Figure 19: India Chemical Nitrogenous Fertilizer Market Share By Product type – By Value (2016-17,2021-22 & 2027-28) (INR Crore)
Figure 20: India Chemical Nitrogenous Fertilizer Market Share By Product type – By Volume (2016-17,2021-22 & 2027-28) (LMT)
Figure 21: India Chemical Nitrogenous Urea Fertilizer Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 22: India Chemical Nitrogenous Urea Fertilizer Market Size – By Volume 2016-17 to 2027-28 (LMT)
Figure 23: India Chemical Nitrogenous Calcium Nitrate (CN) Fertilizer Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 24: India Chemical Nitrogenous Calcium Nitrate (CN) Fertilizer Market Size – By Volume 2016-17 to 2027-28(LMT)
Figure 25: India Chemical Nitrogenous Ammonium Sulphate (AS) Fertilizer Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 26: India Chemical Nitrogenous Ammonium Sulphate (AS) Fertilizer Market Size – By Volume 2016-17 to 2027-28 (LMT)
Figure 27: India Chemical Phosphatic Fertilizer Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 28: India Chemical Phosphatic Fertilizer Market Size – By Volume 2016-17 to 2027-28 (LMT)
Figure 29: India Chemical Phosphatic Fertilizer Market Share By Product Type – By Value (2016-17,2021-22 & 2027-28) (INR Crore)
Figure 30: India Chemical Phosphatic Fertilizer Market Share By Product Type – By Volume (2016-17,2021-22 & 2027-28) (LMT)
Figure 31: India Chemical Phosphatic Di-Ammonium Phosphate (DAP) Fertilizer Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 32: India Chemical Phosphatic Di-Ammonium Phosphate (DAP) Fertilizer Market Size – By Volume 2016-17 to 2027-28 (LMT)
Figure 33: India Chemical Phosphatic Single Superphosphate (SSP) Fertilizer Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 34: India Chemical Phosphatic Single Superphosphate (SSP) Fertilizer Market Size – By Volume 2016-17 to 2027-28 (LMT)
Figure 35: India Chemical Potash Fertilizer Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 36: India Chemical Potash Fertilizer Market Size – By Volume 2016-17 to 2027-28 (LMT)
Figure 37: India Chemical Potash Fertilizer Market Share By Product Type – By Value (2016-17, 2021-22 & 2027-28) (INR Crore)
Figure 38: India Chemical Potash Fertilizer Market Share By Product Type – By Volume (2016-17, 2021-22 & 2027-28) (LMT)
Figure 39: India Chemical Potash Muriate Of Potash (MOP) Fertilizer Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 40: India Chemical Potash Muriate Of Potash (MOP) Fertilizer Market Size – By Volume 2016-17 to 2027-28 (LMT)

Feed Phosphate Market Research FAQs

The market is expected to grow at CAGR of more than 8.80% in the forecast period.

National Fertilizers Limited, Coromandel International Limited, Chambal Fertilisers, Smartchem Technologies Limited, Gujarat State Fertilizers & Chemicals Limited, Rashtriya Chemicals & Fertilizers, Kribhco Fertilizers Limited, Mangalore Chemicals & Fertilizers Limited, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), Nagarjuna Fertilizers and Chemicals Limited, Rama Phosphates Ltd.

The impact on the Indian fertilizer market is low, as the national government exempted this sector from lockdown restrictions.

West India has the highest market share.

Urea, DAP, MOP, SSP are some of types of fertilizer’s are used widely.

Indian Government had started the scheme NBS (the Centre fixed the NBS rates at Rs 18.79/kg for N, Rs 14.89/kg for P, Rs 10.12/kg for K and Rs 2.37/kg for S.)
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India Fertilizer Market Outlook, 2027-28

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