India Fertilizer Market Forecast Report and Company Analysis 2025-2033 Featuring Nagarjuna Fertilizers and Chemicals, Chambal Fertilisers, Rashtriya Chemicals, National Fertilizers, Coromandel - ResearchAndMarkets.com

The "India Fertilizer Market and Volume Forecast Report by Fertilizers, Sector, States, Company Analysis 2025-2033" report has been added to ResearchAndMarkets.com's offering.

The fertilizer market in India is expected to grow from US$ 43.54 billion in 2024 to reach US$ 74.06 billion by 2033, with a CAGR of 6.08% during the period from 2025 to 2033

Increasing productivity in agriculture, subsidies provided by the government, and the increasing demand for wheat, rice, and vegetables are some of the reasons behind this growth. Another reason is the growing shift towards sustainable farming practices such as bio-fertilizers and balanced nutrient management.

In India, fertilizers are considered important for improving agricultural productivity, especially in cultivating crops like rice, wheat, sugarcane, and vegetables. They increase crop yields, ensure better quality of produce, and correct deficiency diseases in the soil. Fertilizers are provided with heavy subsidies by the Government of India to help the farmers afford them without the burden of high price on food security and as support to the agrarian economy of the country. With fertilizers and innovative agriculture practices, the hunger of the growing population will be met. However, the attention to sustainable fertilizer use is on the increase to avoid soil degradation and environmental impacts.

Growth Driver in the India fertilizers market

Government Subsidies and Support

Government subsidies are the growth drivers in the Indian fertilizer market. The Indian Government offers subsidies on fertilizers such as urea, DAP, and NPK, which make them cheaper for farmers. This subsidy promotes the steady usage of fertilizers, and crop yields are enhanced while food security is guaranteed. In addition, the Government has initiated several programs of efficient fertilizer use, such as soil health management programs and nutrient-based subsidies. Such support is needed to enhance agricultural productivity particularly in key crops like rice and wheat, which, in turn, contributes to the overall market expansion.

Increased Agricultural Demand and Productivity

The rising demand for agriculture in India due to an increasing population and change in dietary habits enhances the demand for fertilizers. To meet the demand for food grains, fruits, and vegetables, farmers require an increase in productivity; therefore, fertilizers become a necessity. With changing cropping patterns and the need for high-yield varieties, fertilizers help increase crop output and maintain soil fertility.

The demand for efficient farming practices, including the use of fertilizers, is increasing, particularly in regions like Punjab, Uttar Pradesh, and Maharashtra, where agricultural output is vital for national consumption and exports. India's population will reach 1.5 billion by the end of this decade and slowly go on to increase up until 2064 when it will peak at 1.7 billion. With India's population growing at such a rapid rate, there is a massive and growing demand for agricultural products to feed the larger population, making agriculture a very important sector for the food security of the country; this means that as more people live in India, the need for food produced through agriculture also rises considerably.

Growing Awareness of Sustainable Agriculture

The increasing focus on sustainable agriculture is another major driver for the Indian fertilizer market. As the awareness of environmental implications of chemical fertilizers grows, there is a shift towards bio-fertilizers and organic farming. Farmers are adopting eco-friendly practices to reduce soil degradation and improve long-term fertility.

The government promotes balanced fertilization and encourages the use of organic and natural alternatives along with chemical fertilizers. This shift toward sustainable farming practices, along with the requirement of efficient nutrient management, is fueling the growth of the fertilizer market while keeping in mind the stewardship of the environment.

Issues in the Indian fertilizer market

Excessive use of Chemical Fertilizers

One of the key issues facing the Indian fertilizer market is the excessive use of chemical fertilizers, which creates soil degradation and long-term environmental damage. Excessive use of nitrogen, phosphorus, and potassium-based fertilizers results in soil imbalances, a decrease in organic matter, and the contamination of water resources. This reliance on chemical fertilizers further lowers the fertility of soil gradually, forcing farmers to increasingly rely on external inputs. India supports balanced fertilization and advocates the use of bio-fertilizers and organic fertilizers for restoration of health in the soil and the sustainable practices in agriculture.

Rising Fertilizer Prices and Availability Issues

Another significant challenge is the rising cost of fertilizers and periodic availability issues. Despite government subsidies, the prices of raw materials and fertilizers have been increasing, placing a financial burden on farmers, particularly small-scale ones. Also, distribution inefficiencies, especially in remote areas, disrupt the supply chain and delay fertilizer availability during peak farming seasons. These issues hinder timely application, affecting crop yields. While the Government has taken steps to ensure availability, rising global fertilizer prices and logistical challenges continue to disrupt the market, threatening food security and agricultural productivity.

Indian Urea Fertilizers Market

Urea fertilizers are forecasted to remain the market and volume leader in India. This is because it is a major source of nitrogen supply and is essential to increase crop yield, in line with the country's predominantly nitrogen-poor soils. Government subsidies on urea make it cost-effective for farmers, expanding its sizeable usage. Also, the simplicity of application and standard compatibility with various plants contribute to its recognition. India's fertilizer market uses urea due to a focal point on food security and sustainable agriculture. It remains the most widely used and holds an adequate market and volume portion.

India Cooperative Fertilizer Market

The cooperative sector is likely to lead the Indian fertilizer market during the forecast period. Cooperatives may be crucial for the distribution of fertilizers to farmers, as it can utilize its vast network and direct outreach to the rural areas. With government help and subsidies, cooperatives offer fertilizers at discounted rates, which makes it easier for small and marginal farmers. Cooperative societies also frequently focus on farmers' welfare and offer extension services, which increases its reliability and credibility. The cooperative quarter is well positioned to retain a significant share of the Indian fertilizer market.

Company Analysis: Overview, Recent Developments, Revenue Analysis

• Nagarjuna Fertilizers and Chemicals Ltd.
• Chambal Fertilisers &Chemicals Ltd.
• Rashtriya Chemicals & Fertilizers Limited
• National Fertilizers Ltd.
• Coromandel International Ltd.

Key Attributes:

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

4.1 Growth Drivers

4.2 Challenges

5. India Fertilizer Market Analysis

6. Share Analysis

6.1 By Fertilizers

6.1.1 Market Share

6.1.2 Volume Share

6.2 By Sector

6.3 By States

7. Fertilizers

7.1 Urea

7.1.1 Market Analysis

7.1.2 Volume Analysis

7.2 DAP

7.3 MOP

7.4 Complex Fertilizers

8. Sector

8.1 Urea

8.1.1 Public Sector

8.1.2 Cooperative Sector

8.1.3 Private Sector

8.2 DAP

8.3 Complex Fertilizers

9. States

9.1 Andhra Pradesh

9.1.1 Urea

9.1.2 DAP

9.1.3 MOP

9.1.4 Complex Fertilizers

9.2 Bihar

9.3 Chhattisgarh

9.4 Gujarat

9.5 Haryana

9.6 Jammu and Kashmir

9.7 Jharkhand

9.8 Karnataka

9.9 Kerala

9.10 Madhya Pradesh

9.11 Maharashtra

9.12 Odisha

9.13 Puducherry

9.14 Punjab

9.15 Rajasthan

9.16 Tamil Nadu

9.17 Telangana

9.18 Uttar Pradesh

9.19 Uttarakhand

9.20 West Bengal

10. Porter's Five Forces Analysis

10.1 Bargaining Power of Buyers

10.2 Bargaining Power of Suppliers

10.3 Degree of Rivalry

10.4 Threat of New Entrants

10.5 Threat of Substitutes

11. SWOT Analysis

11.1 Strength

11.2 Weakness

11.3 Opportunity

11.4 Threat

12. Company Analysis

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