India Nano DAP Market, By Type (Granule, Liquid), By Distribution Channel (Direct, Retailer, Online), By End Use (Food Crops, Cash Crops, Horticulture Crops, Plantation Crops, and others), By Region, Competition, Forecast and Opportunities, 2031

India Nano DAP market is anticipated to grow at an impressive rate in the forecast period. DAP, or Di-ammonium Phosphate, is considered a reputable source of Phosphorus and Nitrogen in the agricultural sector. Thus, it is used as fertilizer when the field has a scarcity of minerals to provide the essential minerals necessary for the production of crops. Nano urea and Nano DAP are considered the next-generation fertilizers that will benefit farmers and are environmentally friendly. It helps in sustainable development by lowering air, soil, and water pollution and enhancing the production of crop quantity and health.

Nano DAP is an advanced fertilizer, based on nanotechnology. As a result, Nano DAP particles are smaller in size, which helps them to reach large surface area leading to an increase in soil concentration capacity and regulated distribution of kinetics to focused spots. Since, nano DAP particles are smaller in size, it become easy to store and transport this. This in turn is expected to support the product demand in the coming years. In addition, favorable government policies and ongoing research is expected to propel the demand for the India nano DAP market the anticipated period.

Increasing Agricultural Activities are Driving the Market Growth

The agriculture sector is considered the backbone of the country as it employs many people and holds an important place in the global agriculture market. The demand for food and clothes is expected to rise in the region as it has one the most significant population globally. Hence, the growing demand is propelling agricultural activities in India to fill the global demand. India is one of the fifteen important exporters of agricultural commodities worldwide. The nation is a prominent exporter of various farm products such as rice, meat, spices, raw cotton, and sugar. Apart from these, initiatives such as Pradhan Mantri Krishi Sinchai Yojana, Credit facilities for farmers, and subsidiaries on fertilizers are propelling agriculture activities. As nano DAP helps in the production of more crops at a lower price compared to conventional DAP without harming soil health, the farmer is expected to switch to nano DAP, and the demand for nano DAP is expected to rise in the projected period.

Growing Focus on Soil Profile

Due to the extensive use of chemicals, the cultivating yield has become acidic in nature, and it adds a lot of chemicals into the soil. The nano DAP lowers the pH value of the soil and provides essential minerals such as nitrogen and phosphorus. The Nano DAP helps to boost the production of monocotyledon plants like wheat, corn, millet, lilies, sugarcane, banana, onions, ginger, palm, and bamboo, as well as the dicot plant. According to the SATAT report, India imports around 30% of its total fertilizer consumption, and DAP is the second more demanded fertilizer after Urea. Nano DAP helps farmers by enhancing soil texture and composition by increasing water-holding capacity and beneficial minerals without polluting the environment. Hence, it helps to treat the soil's acidic value and make crops healthier. All these factors are expected to propel the demand for the Indian nano DAP market in the projected period.

Favorable Government Policies are Driving the Market Growth

In 2023, the central government of India has budgeted fertilizer subsidy of around USD18 billion which is propelling and supporting agriculture activities. After the successful growth of nano urea, the government efforts to introduce and commercialize the nano DAP as it is more effective than DAP at a low price is further expected to drive the market growth. Department of Chemical and fertilizer has sold the patent of nano DAP to IIFCO ltd. for 20 years to make it commercially available where IIFCO is providing a license or signing MOU for the production of nano DAP. Apart from these, launching online stores such as IIFCO Bazar will reach the buyer and make the product directly viable to the end user. Therefore, all these factors are expected to support the growth of the India ano DAP market.

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Market Segmentation

India Nano DAP market is segmented based on type, distribution channel, and end user.

Based on type, the market is divided into granule and liquid. Based on distribution channel, the market is divided into direct, retailer, and online. Based on end use, the market is divided food crops, cash crops, horticulture crops, plantation crops, and others.

Market Players

IFFCO LTD., Radhe Agro Industries India Pvt Ltd, Chambal Fertilisers and Chemicals Ltd., Rashtriya Chemicals and Fertilizers Limited, National Fertilizers Limited are the key players operating in the India nano DAP market.

Report Scope:

In this report, India Nano DAP market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Nano DAP Market, by type:

• Granule
• Liquid

·         India Nano DAP Market, by distribution channel:

• Direct
• Retailer
• Online

·         India Nano DAP Market, by application:

• Food Crops
• Cash Crops
• Horticulture Crops
• Plantation Crops
• Others  
• India Nano DAP Market, by region

o   North

o   West

o   East

o   South 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India nano DAP market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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