Product Code: ETC4591645 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India specialty fertilizers market import shipments displayed a robust growth trend with a significant CAGR from 2020 to 2024. The market momentum accelerated notably between 2023 and 2024, indicating a period of rapid expansion. Overall, the market showcased a strong upward trajectory, signaling a thriving and dynamic import landscape.
The India Specialty Fertilizers Market has witnessed notable growth due to the evolving agricultural landscape and a need for more efficient, customized, and sustainable fertilization practices. Specialty fertilizers, including micronutrients and controlled-release fertilizers, are designed to enhance crop productivity and quality. India agriculture sector has been progressively adopting these advanced fertilizers to address specific nutrient deficiencies in soil and ensure the steady release of nutrients over time. With a growing population and increased food demand, specialty fertilizers have become crucial tools for modernizing India agriculture and achieving higher yields and nutritional quality.
The specialty fertilizers market in India is experiencing significant growth, driven by several key factors. India agriculture sector is undergoing a transformation with the adoption of modern farming practices, which require specialized fertilizers to optimize crop yields. Specialty fertilizers, such as micronutrients, slow-release fertilizers, and biofertilizers, offer tailored solutions to meet the specific nutrient requirements of different crops. Additionally, increasing environmental concerns and regulations regarding nutrient runoff are encouraging the adoption of precision agriculture practices, where specialty fertilizers play a critical role. The government`s initiatives to promote balanced nutrient application and sustainable agriculture are further propelling the growth of the specialty fertilizers market. Furthermore, the growing awareness among farmers about the benefits of specialty fertilizers in improving crop quality and quantity is driving their adoption.
Challenges in the specialty fertilizers market include the need for custom formulations to meet specific crop requirements and the sustainability of production and distribution practices, especially in the face of changing environmental regulations.
The specialty fertilizers market in India encountered mixed effects due to the COVID-19 pandemic. On one hand, the disruption in the supply chain and labor shortages affected the production and distribution of specialty fertilizers. On the other hand, the agriculture sector was deemed essential, and farmers continued to invest in improving crop yields, which boosted the demand for specialty fertilizers. The long-term impact hinged on the ability of manufacturers to adapt to changing market dynamics and supply chain challenges.
The specialty fertilizers market in India is led by companies like Coromandel International, Deepak Fertilisers and Petrochemicals Corporation Ltd, Zuari Agro Chemicals, Rashtriya Chemicals & Fertilizers Ltd, and Chambal Fertilisers. These companies specialize in producing and supplying specialized fertilizers for different crops.
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 Specialty Fertilizers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Specialty Fertilizers Market Revenues & Volume, 2021 & 2031F |
3.3 India Specialty Fertilizers Market - Industry Life Cycle |
3.4 India Specialty Fertilizers Market - Porter's Five Forces |
3.5 India Specialty Fertilizers Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Specialty Fertilizers Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 India Specialty Fertilizers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 India Specialty Fertilizers Market Revenues & Volume Share, By Application Methods, 2021 & 2031F |
3.9 India Specialty Fertilizers Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
4 India Specialty Fertilizers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about sustainable agriculture practices |
4.2.2 Growing focus on enhancing crop yield and quality |
4.2.3 Government initiatives promoting the use of specialty fertilizers |
4.3 Market Restraints |
4.3.1 High initial investment required for specialty fertilizers |
4.3.2 Lack of awareness and education among farmers about the benefits of specialty fertilizers |
4.3.3 Limited availability of specialty fertilizers in rural areas |
5 India Specialty Fertilizers Market Trends |
6 India Specialty Fertilizers Market, By Types |
6.1 India Specialty Fertilizers Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Specialty Fertilizers Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 India Specialty Fertilizers Market Revenues & Volume, By Controlled-release Fertilizers, 2021-2031F |
6.1.4 India Specialty Fertilizers Market Revenues & Volume, By Micronutrients, 2021-2031F |
6.1.5 India Specialty Fertilizers Market Revenues & Volume, By Water Soluble Fertilizers, 2021-2031F |
6.1.6 India Specialty Fertilizers Market Revenues & Volume, By Liquid Fertilizers, 2021-2031F |
6.2 India Specialty Fertilizers Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 India Specialty Fertilizers Market Revenues & Volume, By Dry , 2021-2031F |
6.2.3 India Specialty Fertilizers Market Revenues & Volume, By Liquid, 2021-2031F |
6.3 India Specialty Fertilizers Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 India Specialty Fertilizers Market Revenues & Volume, By Urea Ammonium Nitrate (UAN), 2021-2031F |
6.3.3 India Specialty Fertilizers Market Revenues & Volume, By Calcium Ammonium Nitrate (CAN), 2021-2031F |
6.3.4 India Specialty Fertilizers Market Revenues & Volume, By Monoammonium Phosphate (MAP), 2021-2031F |
6.3.5 India Specialty Fertilizers Market Revenues & Volume, By Sulfate of Potash (SOP), 2021-2031F |
6.3.6 India Specialty Fertilizers Market Revenues & Volume, By Potassium Nitrate, 2021-2031F |
6.3.7 India Specialty Fertilizers Market Revenues & Volume, By Urea Derivatives, 2021-2031F |
6.4 India Specialty Fertilizers Market, By Application Methods |
6.4.1 Overview and Analysis |
6.4.2 India Specialty Fertilizers Market Revenues & Volume, By Fertigation, 2021-2031F |
6.4.3 India Specialty Fertilizers Market Revenues & Volume, By Foliar, 2021-2031F |
6.4.4 India Specialty Fertilizers Market Revenues & Volume, By Soil, 2021-2031F |
6.5 India Specialty Fertilizers Market, By Crop Type |
6.5.1 Overview and Analysis |
6.5.2 India Specialty Fertilizers Market Revenues & Volume, By Cereals & Grains, 2021-2031F |
6.5.3 India Specialty Fertilizers Market Revenues & Volume, By Oilseeds & Pulses, 2021-2031F |
6.5.4 India Specialty Fertilizers Market Revenues & Volume, By Fruits & Vegetables, 2021-2031F |
7 India Specialty Fertilizers Market Import-Export Trade Statistics |
7.1 India Specialty Fertilizers Market Export to Major Countries |
7.2 India Specialty Fertilizers Market Imports from Major Countries |
8 India Specialty Fertilizers Market Key Performance Indicators |
8.1 Adoption rate of specialty fertilizers by farmers |
8.2 Increase in average crop yield and quality |
8.3 Number of government schemes and subsidies promoting specialty fertilizers adoption |
8.4 Investment in research and development of innovative specialty fertilizer products |
8.5 Growth in revenue of specialty fertilizer manufacturers |
9 India Specialty Fertilizers Market - Opportunity Assessment |
9.1 India Specialty Fertilizers Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Specialty Fertilizers Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 India Specialty Fertilizers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.4 India Specialty Fertilizers Market Opportunity Assessment, By Application Methods, 2021 & 2031F |
9.5 India Specialty Fertilizers Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
10 India Specialty Fertilizers Market - Competitive Landscape |
10.1 India Specialty Fertilizers Market Revenue Share, By Companies, 2024 |
10.2 India Specialty Fertilizers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |