India Water Soluble Fertilizers Market By Fertilizer Type (15.5-0-0-18.8, 19-19-19, 13-0-45 & Others), By Application (Fertigation & Foliar), By Crop Type (Horticulture, Ornamental, Field Crop & Others), Competition, Forecast & Opportunities, FY2028
India water soluble fertilizers market stood at $ 12.7 billion in 2018 and is projected to reach $ 20.6 billion by 2028. Anticipated growth in the market can be attributed to increasing urbanization which is resulting in rising construction activities due to which arable land for cultivation is decreasing. Moreover, deficiency of essential micronutrients in soil coupled with consequent increase in demand for micronutrients such as Zn, Fe, etc., to support plant growth is positively influencing the demand for water soluble fertilizers in the country. Furthermore, farmers are preferring drip irrigation as it reduces cost of crop cultivation by almost 30% besides increasing the average productivity of fruits and vegetables by almost 40%. This factor is further likely to push demand for water soluble fertilizers in the coming years.
Rapidly rising population of India is resulting in growing need for better yield of crops with lesser available land for cultivation. Moreover, the excess use of inorganic fertilizers results in accumulation of these chemicals in the crops which have harmful health effects. Use of water soluble fertilizers minimize the amount of fertilizers used. Government of India is trying to promote micro-irrigation and has announced schemes and incentives for the farmers on its adoption. The Government has proposed to bring 1.6 million hectares under micro-irrigation in co-ordination with National Bank for Agriculture and Rural Development (NABARD) to provide loans at 5%, fund of $ 700 million has been allocated for the same. These factors are anticipated to boost sales of water soluble fertilizers in India during forecast period.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2028
Objective of the Study:
- To analyze and forecast market size of India water soluble fertilizers market.
- To classify and forecast India water soluble fertilizers market based on fertilizer type, application, crop type, region and company.
- To identify drivers and challenges in India water soluble fertilizers market.
- To identify market trends and development in India water soluble fertilizers market.
- To identify and analyze the profiles of leading players involved in the manufacturing of water soluble fertilizers across India.
India water soluble fertilizers market is controlled by these major manufacturers & importers, namely, Coromandel International Limited, DCM Shriram Farm Solutions, Indian Farmers Fertiliser Cooperative Limited (IFFCO), Nagarjuna Fertilizers & Chemicals Ltd., Gujarat State Fertilizers & Chemicals Ltd., Zuari Agro Chemicals Ltd., Aries Agro Limited, Rashtriya Chemicals and Fertilizers Limited, Yara Fertilisers India Pvt Ltd, and Deepak Fertilisers & Petrochemicals Corporation Ltd.
In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of water soluble fertilizers manufacturers and suppliers operating in various parts of India. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major water soluble fertilizer manufacturers & distributors across India.
TechSci Research calculated the market size for India water soluble fertilizers market using a bottom-up technique, wherein manufacturers’ value sales data for different applications were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such Company Annual Reports, Industry Magazines, Industry Reports, News Dailies, Credible Paid Databases, Proprietary Database, Ministry of Agriculture & Farmers Welfare, The Fertiliser Association of India, Ministry of Commerce, etc., were also studied by TechSci Research.
Key Target Audience:
- India water soluble fertilizers manufacturers, distributors and other stakeholders
- Associations, organizations, forums and alliances related to water soluble fertilizers
- Government bodies such as regulating authorities and policymakers
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as water soluble fertilizer manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, India water soluble fertilizers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- By Fertilizer Type
- Calcium Nitrate (15.5-0-0-18.8)
- NPK (19-19-19)
- Potassium Nitrate (13-0-45)
- Potassium Sulphate (0-0-50)
- Mono-Ammonium Phosphate (12-61-0)
- Mono-Potassium Phosphate (0-52-34)
- NPK (13-40-13)
- NPK (20-20-20)
- NPK (18-18-18)
- Urea Phosphate (17-44-0)
- By Application
- By Crop-Type
- Field Crop
- By Region
- West India
- North India
- South India
- East India
- By Company
- Coromandel International Limited
- DCM Shriram Farm Solutions
- Indian Farmers Fertiliser Cooperative Limited (IFFCO)
- Nagarjuna Fertilizers & Chemicals Ltd.
- Gujarat State Fertilizers & Chemicals Ltd.
Company Profiles: Detailed analysis of the major companies present in India water soluble fertilizers.
With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
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