“India Fertilizer Market” is segmented by product (Nitrogenous, Phosphatic, Potassic and Other), Application (Grains & Cereals, Oil Seeds, Fruits & Vegetables and Other) and Region (North India, South India, East India and West India) is projected to reach US$ 12.12 Bn by 2026 at a CAGR of 13.11 % during the forecast period.
Huge government subsidies, growing investments in fertilizers industry, increasing demand for food grain production and increasing demand for organic fertilizers drives the India’s fertilizer market. Unavailability of raw materials and volatile prices, environmental and health concerns towards use of chemical fertilizers and growing use of drip irrigation system hampering the market growth.
Nitrogenous fertilizer is a dominating the India fertilizers market.
Nitrogenous fertilizers provide enough nutrient support to the crop and play a vital role in increasing productivity. Urea being cheaper than the rest of the fertilizers hence is the most used fertilizer. Urea is an inexpensive form of nitrogenous fertilizer since it is heavily subsidized by the Indian Government.
Grains & Cereals to remain leading segment in the India fertilizer market.
Grains & Cereals are traditional diets of India. Growth of grains & cereals is rising on account of growing population, growth in income level & working age population. India is the world’s second largest producer of rice, wheat and other cereals. The huge demand for cereals in the market is creating an excellent environment for the Indian cereal products.
This report includes a study of marketing and development strategies, along with the Form portfolios of leading companies. It includes the profiles of leading manufacturers such as National Fertilizers Limited, Fertilizers & Chemicals Travancore Limited, Rashtriya Chemicals & Fertilizers Limited, Madras Fertilizers Limited, Steel Authority Of India Limited, Neyveli Lignite Corporation Limited, Paradeep Phosphates Limited, Pyrites, Phosphates & Chemicals Limited and Hindustan Fertilizer Corporation Limited.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the India fertilizers market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the India fertilizers market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market of our clients and at the same time explain India fertilizers market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “India Fertilizers Market”.
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