Market Forecast By Type (Incomplete, Complete), By Crop Type (Cereals, Oilseeds, Fruits & Vegetables), By Form (Solid, Liquid) And Competitive Landscape
Product Code: ETC4593325 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India complex fertilizers market import shipment saw robust growth with a significant CAGR from 2020 to 2024. However, there was a notable decline in growth rate between 2023 and 2024. Overall, the market exhibited strong expansion, albeit with a slight slowdown in momentum towards the end of the period.
The India Complex Fertilizers Market Report thoroughly covers the market by type, crop type, and form. The India Complex Fertilizers Market Outlook report provides an unbiased and detailed analysis of the ongoing India Complex Fertilizers Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India Complex Fertilizers Market has been accomplishing growth and is projected to grow more on the back of factors such as rising demand for food and the government has been implementing various initiatives to promote sustainable agricultural practices and promote the use of complex fertilizers.
According to 6Wresearch, the India Complex Fertilizers Market size is anticipated to rise at a CAGR of 18.3% during 2025-2031. The increasing demand for food, along with the need to improve agricultural productivity, is driving the growth of the complex fertilizers market in India. Apart from NPK-based fertilizers that contain Nitrogen, Phosphorous, and Potassium, complex fertilizers provide a range of micro and macronutrients that are critical for crop growth. The use of complex fertilizers improves the crop yield, quality, and helps maintain soil fertility. As a result, farmers are increasingly adopting complex fertilizers, leading to an increase in the market size. These are the driving factors behind the India Complex Fertilizers Market growth.
The Indian agriculture sector faces several challenges such as low income of farmers, dependence on monsoons, and climatic changes. These challenges are hampering the growth of the complex fertilizers market in India. Additionally, the lack of awareness about the benefits of complex fertilizers among farmers is another challenge. The government and private sector need to work together to educate farmers about the advantages of complex fertilizers. Factoring in these challenges and addressing them are critical to unlocking the full potential of India’s complex fertilizers market.
The complex fertilizers market in India features many significant players such as Indian Farmers Fertilizer Cooperative Limited (IFFCO), Coromandel International Limited, National Fertilizers Limited (NFL), Gujarat State Fertilizers & Chemicals Ltd (GSFC), and Tata Chemicals Limited. These companies have been adopting various strategies like mergers and acquisitions, partnerships, and investments in R&D to expand their presence and boost their market growth. Additionally, global players are also setting up their manufacturing units in India, further boosting the growth of the complex fertilizers market.
The government in India has been taking proactive measures to encourage the use of complex fertilizers in the agriculture sector. The government has launched several initiatives such as Soil Health Card Scheme, National Food Security Mission, and Pradhan Mantri Fasal Bima Yojana to promote sustainable agricultural practices and improve the use of fertilizers. As a result, farmers are increasingly using complex fertilizers to enhance crop yield, which is driving the growth of the market.
India complex fertilizers market has significant growth potential in the future due to the increasing demand for food grains, government support, and technological advancements. The market players should focus on introducing eco-friendly and innovative products that deliver a balanced amount of nutrients to the plants. The farmers should also be educated about the benefits of complex fertilizers, and efforts should be made to make them affordable to small farmers.
According to Sumir, Senior Research Analyst, 6Wresearch, complete complex fertilizers are currently experiencing significant growth in India, and this trend is expected to continue in the future. Improvements in soil fertility, increased crop yields, and enhanced nutrient content are some of the benefits of using complete complex fertilizers, making them more preferred over incomplete complex fertilizers.
The report provides a detailed analysis of the following market segments:
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 Complex Fertilizers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Complex Fertilizers Market Revenues & Volume, 2021 & 2031F |
3.3 India Complex Fertilizers Market - Industry Life Cycle |
3.4 India Complex Fertilizers Market - Porter's Five Forces |
3.5 India Complex Fertilizers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Complex Fertilizers Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
3.7 India Complex Fertilizers Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 India Complex Fertilizers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-yield crops due to growing population and food security concerns |
4.2.2 Government initiatives promoting balanced fertilization for sustainable agriculture practices |
4.2.3 Rising adoption of complex fertilizers for micronutrient deficiencies in soil |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Lack of awareness among farmers about the benefits of complex fertilizers |
4.3.3 Regulatory challenges related to the registration and approval of complex fertilizer products |
5 India Complex Fertilizers Market Trends |
6 India Complex Fertilizers Market, By Types |
6.1 India Complex Fertilizers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Complex Fertilizers Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 India Complex Fertilizers Market Revenues & Volume, By Incomplete, 2021 - 2031F |
6.1.4 India Complex Fertilizers Market Revenues & Volume, By Complete, 2021 - 2031F |
6.2 India Complex Fertilizers Market, By Crop Type |
6.2.1 Overview and Analysis |
6.2.2 India Complex Fertilizers Market Revenues & Volume, By Cereals, 2021 - 2031F |
6.2.3 India Complex Fertilizers Market Revenues & Volume, By Oilseeds, 2021 - 2031F |
6.2.4 India Complex Fertilizers Market Revenues & Volume, By Fruits & Vegetables, 2021 - 2031F |
6.3 India Complex Fertilizers Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 India Complex Fertilizers Market Revenues & Volume, By Solid, 2021 - 2031F |
6.3.3 India Complex Fertilizers Market Revenues & Volume, By Liquid, 2021 - 2031F |
7 India Complex Fertilizers Market Import-Export Trade Statistics |
7.1 India Complex Fertilizers Market Export to Major Countries |
7.2 India Complex Fertilizers Market Imports from Major Countries |
8 India Complex Fertilizers Market Key Performance Indicators |
8.1 Soil health index improvement rate |
8.2 Adoption rate of balanced fertilization practices |
8.3 Number of government schemes promoting complex fertilizers |
8.4 Research and development investments in innovative complex fertilizer formulations |
9 India Complex Fertilizers Market - Opportunity Assessment |
9.1 India Complex Fertilizers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Complex Fertilizers Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
9.3 India Complex Fertilizers Market Opportunity Assessment, By Form, 2021 & 2031F |
10 India Complex Fertilizers Market - Competitive Landscape |
10.1 India Complex Fertilizers Market Revenue Share, By Companies, 2024 |
10.2 India Complex Fertilizers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |