India Fertilizer Market Value & Industry Overview | Growth Outlook 2030

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Executive Summery

This report presents a detailed overview of the India Fertilizer Market, highlighting key insights into its market size, share, and growth during the forecast period, i.e., 2025-30. It explores emerging trends, competitive dynamics, and the core drivers reshaping the industry. Backed by solid data and expert analysis, the study offers segment-wise insights and reliable forecasts to guide strategic decisions. With comprehensive market analysis and forward-looking perspectives, this report serves as a practical tool for stakeholders navigating change. Whether you're an investor, policymaker, or business leader, this research helps you stay ahead in the fast-evolving India Fertilizer industry landscape.

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India Fertilizer Market Statistics and Key Highlights

India Fertilizer Market size was valued at around USD 10.8 Billion in 2024 and is projected to reach USD 14 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2025-30.

India Fertilizer market shows steady growth
Market size expanding due to rising industry demand
Competitive landscape driven by tech and innovation
Detailed segment-wise and geography wise share analysis
Forecast reveals strong trends shaping future outlook

Key Player- Emerging India Fertilizer Companies

IFFCO
National Fertilizers Limited
Coromandel International
Chambal Fertilisers and Chemicals Ltd.
Rashtriya Chemicals and Fertilizers Limited (RCF)
Zuari Agro Chemicals
Madras Fertilizers Limited (MFL)
Tata Chemicals Limited
Nagarjuna Fertilizers and Chemicals Ltd.
Deepak Fertilisers
ICL Group Ltd.

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Key Driver:

Government Initiatives to Expand Fertilizer Production – The Indian authority has undertaken several measures to promote domestic fertilizer production to reduce its imports and meet all consumption requirements. Among these measures, the new investment policy (NIP), stimulates investment in the urea sector. According to India's new urea policy, six new urea plants have been established. Among these, four have been set up through joint ventures involving public sector agreements, while the remaining two have been established by private organizations. The government has also made 100% neem coating of subsidized agricultural Urea. It improves nutrient efficiency, enhances crop yield, and maintains soil health while preventing the diversion of urea for non-agricultural purposes.

Additionally, to support Indigenous fertilizers for agriculture, Potash Derived from Molasses (PDM), a fully domestically produced fertilizer, has been added under the Nutrient-Based Subsidy (NBS) scheme. Similarly, freight subsidies have been in place for Single Super Phosphate (SSP), since the Kharif season of 2022, to encourage its use as a phosphatic nutrient source. These have led to a significant rise in domestic fertilizer production. As per the fertilizer association in India, urea production increased from USD 13.8 million tons in 2021-22 to USD 15.7 million tons in 2022-23, thus indicating that government policies are effective in improving India's manufacturing capabilities of fertilizers and this is expected to continue over the forecast period as well.

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India Fertilizer Market Segmentation

By Product

Complex Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
Straight Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Nitrogenous Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
  - Urea- Market Size & Forecast 2020-2030, Thousand Tons
  - Calcium Ammonium Nitrate- Market Size & Forecast 2020-2030, Thousand Tons
  - Ammonium Nitrate- Market Size & Forecast 2020-2030, Thousand Tons
  - Ammonium Sulfate- Market Size & Forecast 2020-2030, Thousand Tons
  - Anhydrous Ammonia- Market Size & Forecast 2020-2030, Thousand Tons
  - Others- Market Size & Forecast 2020-2030, Thousand Tons
- Phosphatic Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
  - Mono-Ammonium Phosphate (MAP) - Market Size & Forecast 2020-2030, Thousand Tons
  - Di-Ammonium Phosphate (DAP) - Market Size & Forecast 2020-2030, Thousand Tons
  - Single Super Phosphate (SSP) - Market Size & Forecast 2020-2030, Thousand Tons
  - Triple Super Phosphate (TSP) - Market Size & Forecast 2020-2030, Thousand Tons
  - Others- Market Size & Forecast 2020-2030, Thousand Tons
- Potash Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
  - Muriate of Potash (MoP) - Market Size & Forecast 2020-2030, Thousand Tons
  - Sulfate of Potash (SoP) - Market Size & Forecast 2020-2030, Thousand Tons
- Secondary Macronutrient Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
  - Calcium Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
  - Magnesium Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
  - Sulfur Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Micronutrient Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
  - Zinc- Market Size & Forecast 2020-2030, Thousand Tons
  - Manganese- Market Size & Forecast 2020-2030, Thousand Tons
  - Copper- Market Size & Forecast 2020-2030, Thousand Tons
  - Iron- Market Size & Forecast 2020-2030, Thousand Tons
  - Boron- Market Size & Forecast 2020-2030, Thousand Tons
  - Molybdenum- Market Size & Forecast 2020-2030, Thousand Tons
  - Others- Market Size & Forecast 2020-2030, Thousand Tons

By Type

Chemical Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
Bio Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons

By type, chemical fertilizers are the most dominant in the Indian fertilizer market, accounting for a market share of around 40% due to their extensive use in agriculture.

By Form

Dry- Market Size & Forecast 2020-2030, Thousand Tons
Liquid- Market Size & Forecast 2020-2030, Thousand Tons

By Crop Type

Grains and Cereals- Market Size & Forecast 2020-2030, Thousand Tons
Pulses and Oilseeds- Market Size & Forecast 2020-2030, Thousand Tons
Fruits and Vegetables- Market Size & Forecast 2020-2030, Thousand Tons
Flowers and Ornamentals- Market Size & Forecast 2020-2030, Thousand Tons
Others- Market Size & Forecast 2020-2030, Thousand Tons

Based on the crop type segment, grains & cereals have the largest market share of around 40% based on the fact India is the second largest manufacturer of rice, wheat, and others.

By Application

Fertigation- Market Size & Forecast 2020-2030, Thousand Tons
Foliar- Market Size & Forecast 2020-2030, Thousand Tons
Banding- Market Size & Forecast 2020-2030, Thousand Tons
Drip Irrigation- Market Size & Forecast 2020-2030, Thousand Tons

By Region

North
South
East
West

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Identify lucrative market opportunities and strategic growth areas.
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