India Fertilizers Market to Grow at an Impressive Rate During Forecast Period

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. 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 importance of soil health and nutritional balance is expected to spur the market growth during the forecast period. Besides, technological advancements and new product launches by the major players operating in the market is further expected to create lucrative opportunities for the 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 or fertilizers and seeds might further impede the market growth over next few years. Moreover, high production costs can further impede the market growth during the forecast period.

Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on " India Fertilizers Market"

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 that are essential for the growth of crop. Based on origin, 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 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 mode of application, the market can be categorized into foliar spraying, fertigation, sowing, broadcasting, spraying, drip method and others. Here, 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, yield maximization while reducing environmental pollution.

Indian Farmers Fertilizer Cooperative Limited (IFFCO), Coromandel International Limited, Gujarat State Fertilizers & Chemicals Limited, Chambal Fertilizers and 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, Rastriya 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 India fertilizers market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“India 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 food needs of the country’s population is further expected to fuel the market growth through 2025. Furthermore, increasing awareness pertaining to soil profile and nutrition management of soil is expected to spur the market growth over next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Web:  https://www.techsciresearch.com