Product Code: ETC043204 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Fertilizer market currently, in 2023, has witnessed an HHI of 1999, Which has increased slightly as compared to the HHI of 1510 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
India is the world?s second largest consumer of fertilizers and has an estimated fertilizer consumption of around 60 million tons. The Indian Fertilizer Market is expected to grow at a CAGR of ~5.1% during 2020-2026, mainly due to increasing demand from farmers driven by rising population, growing agricultural sector, government support for promoting balanced fertilizer use, and changing farming patterns.
1) Increasing Population & Growing Agricultural Sector: As India?s population increases so does its need for food production. This in turn drives growth in the Indian fertilizer market as more crop yield can be achieved with proper nutrient input from these fertilizers.
2) Government Support: The government of India has taken several initiatives to promote balanced use of fertilizers which include providing subsidies on micronutrients such as zinc and boron that are essential for optimal soil fertility levels. Furthermore, various funds have been allocated for research and development (R&D) activities in the agriculture sector leading to advancement in technology regarding production and distribution of fertilizers.
3) Changing Farming Patterns: With recent advancements in modern irrigation techniques such as drip irrigation, sprinkler systems etc., farmers now prefer using water soluble synthetic/chemical fertilizers over conventional organic manure based products due to higher yields resulting greater profits.
Despite having abundant availability of raw materials needed for manufacturing these products, high costs associated with processing inputs makes them expensive when compared with international equivalents thus reducing competitiveness against imports while also deterring potential foreign investors looking into setting up operations locally within this industry space leading to further cost escalation problems hampering growth prospects over medium term outlook period.
Major players operating within this space include Coromandel International Ltd., Deepak Fertilisers & Petrochemicals Corporation Ltd., Chambal Fertilisers & Chemicals Limited , Krishak Bharati Cooperative Limited (KRIBHCO), Gujarat State Fertilisers & Chemicals Limited (GSFC), Zuari Agro Chemicals Limited , Nagarjuna Fertilisers , UPL limited among others .
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Fertilizer Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Fertilizer Market Revenues & Volume, 2020 & 2030F |
3.3 India Fertilizer Market - Industry Life Cycle |
3.4 India Fertilizer Market - Porter's Five Forces |
3.5 India Fertilizer Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 India Fertilizer Market Revenues & Volume Share, By Crop Type, 2020 & 2030F |
4 India Fertilizer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Fertilizer Market Trends |
6 India Fertilizer Market, By Types |
6.1 India Fertilizer Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Fertilizer Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 India Fertilizer Market Revenues & Volume, By Straight Fertilizers, 2020-2030F |
6.1.4 India Fertilizer Market Revenues & Volume, By Complex Fertilizers, 2020-2030F |
6.2 India Fertilizer Market, By Crop Type |
6.2.1 Overview and Analysis |
6.2.2 India Fertilizer Market Revenues & Volume, By Grains and Cereals, 2020-2030F |
6.2.3 India Fertilizer Market Revenues & Volume, By Pulses and Oilseeds, 2020-2030F |
6.2.4 India Fertilizer Market Revenues & Volume, By Commercial Crops, 2020-2030F |
6.2.5 India Fertilizer Market Revenues & Volume, By Fruits and Vegetables, 2020-2030F |
6.2.6 India Fertilizer Market Revenues & Volume, By Other, 2020-2030F |
7 India Fertilizer Market Import-Export Trade Statistics |
7.1 India Fertilizer Market Export to Major Countries |
7.2 India Fertilizer Market Imports from Major Countries |
8 India Fertilizer Market Key Performance Indicators |
9 India Fertilizer Market - Opportunity Assessment |
9.1 India Fertilizer Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 India Fertilizer Market Opportunity Assessment, By Crop Type, 2020 & 2030F |
10 India Fertilizer Market - Competitive Landscape |
10.1 India Fertilizer Market Revenue Share, By Companies, 2023 |
10.2 India Fertilizer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |