Decreasing soil fertility is expected to drive the growth of India fertilizers market. According to TechSci Research report, “India Fertilizers Market By Type (Straight v/s Complex), By Origin (Organic, Synthetic, Bio-fertilizer), By Form (Solid v/s Liquid), By Mode of Application (Foliar Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method, Others), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Other), By Region, Forecast & Opportunities, 2025”, the India fertilizers market is expected to grow at a formidable rate during the forecast period on account of the erratic climatic changes and growing prevalence of floods, draughts and other natural disasters in the country and these factors destroy the agriculture produce.
The Important Aspects of the India Fertilizers Market
This in turn is expected to positively influence the market growth through 2025. Additionally, decreasing per capita arable land is further expected to fuel market growth over the next few years. Furthermore, increasing awareness among the farmers pertaining to the use of modern farming techniques and the importance of soil health and nutritional balance is expected to spur market growth during the forecast period. Besides, technological advancements and new product launches by the major players operating in the market are further expected to create lucrative opportunities for market growth.
However, environmental and health concerns pertaining to the excessive use of chemical fertilizers might hamper the market through 2025. Also, volatility in the prices of fertilizers and seeds might further impede market growth over the next few years. Moreover, high production costs can further impede market growth during the forecast period.
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The India fertilizers market is segmented based on type, origin, form, mode of application, crop type, company, and region. Based on type, the market can be split into straight and complex. Here, the straight type can further be categorized into nitrogenous, phosphatic, potash, secondary macronutrient fertilizers, micronutrient fertilizers, and others. The nitrogenous fertilizers segment is expected to dominate the market through 2025 since this is the most important soil nutrient, which helps the plant in growth and metabolism, and chlorophyll production.
Additionally, this is the most common nutrient that is deficient in the soil. Also, the micronutrient fertilizers segment is expected to hold a significant market share since most of the soils are devoid of micronutrients especially zinc which are essential for the growth of crops. Based on origin, the market can be categorized into synthetic, organic, and bio-fertilizer. Among these, the organic and bio-fertilizer segment is expected to witness significant growth in the market owing to the growing awareness pertaining to environmental issues and sustainable agriculture.
Based on form, the market can be bifurcated into solid and liquid. The solid form is expected to grow significantly on account of the associated benefits such as easy availability, ease of storage, and cost-effectiveness. Based on the mode of application, the market can be categorized into foliar spraying, fertigation, sowing, broadcasting, spraying, drip method, and others. Here, the fertigation segment is expected to witness significant growth in the market through 2025 as fertigation technique involves the application of water and fertilizers using irrigation techniques. This ensures uniform distribution of nutrients, and yield maximization while reducing environmental pollution.
The Major Competitors of India Fertilizers Market
- Indian Farmers Fertilizer Cooperative Limited (IFFCO)
- Coromandel International Limited
- Gujarat State Fertilizers & Chemicals Limited
- Chambal Fertilizers
- Chemicals Limited
- National Fertilizers Limited
- Tata Chemicals Limited
- Mangalore Chemicals and Fertilizers Limited
- The Fertilizers and Chemicals Travancore Limited
- Gujarat Narmada Valley Fertilizers & Chemicals Limited
- Rashtriya Chemicals Fertilizer Ltd
- Paradeep Phosphates Limited
- KRIBHCO
- Zuari Agro Chemicals Ltd
- Khaitan Chemicals & Fertilizers Ltd
- Yara International Ltd and others are some of the leading players operating in Indian fertilizers market. The companies operating in the market are using organic strategies such as product launches, mergers, and collaborations to boost their share.
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“Indian fertilizer market is expected to witness significant growth during the forecast period, owing to the increasing production of DAP and complex fertilizers in the country. Additionally, catering to the food needs of the country’s population is further expected to fuel market growth through 2025. Furthermore, increasing awareness pertaining to soil profile and nutrition management of soil is expected to spur the market growth over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Fertilizers Market By Type (Straight v/s Complex), By Origin (Organic, Synthetic, Bio-fertilizer), By Form (Solid v/s Liquid), By Mode of Application (Foliar Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method, Others), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Other), By Region, Forecast & Opportunities, 2025”,” has evaluated the future growth potential of India fertilizers market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Indian fertilizers market.
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