INR 9,987 Billion Indian Fertilizer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 13, 2018--The “Indian Fertilizer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The Indian fertilizer market was worth INR 4,675 Billion in 2017. Looking forward, the market is projected to reach INR 9,987 Billion by 2023, at a CAGR of around 13% during 2018-2023.
Fertilizers have played a key role in the success of India’s green revolution and subsequent self-reliance in food-grain production. The increase in fertilizer consumption has contributed significantly to sustainable production of food grains in the country. As a result, the demand of fertilizers has witnessed double digit growth rates over the past several years.
Despite a strong growth in recent years, the average intensity of fertilizer use in India remains much lower than most of the developed and emerging countries around the world. The usage of fertilizers is also highly skewed, with wide inter-regional, inter-state and inter-district variations.
Indian Fertilizer Market: Drivers
Catalyzed by a strong growth in the country’s population over the next five years, food demand is also expected to exhibit a strong growth. Conversely, as a result of increasing urbanisation levels, available arable land is expected to decrease. We expect fertilizers to play a key role in increasing the average crop yields per hectare.
Despite strong historical growth, fertilizer consumption in India remains highly skewed. There are currently a number of states in India which still have a very low penetration of fertilizers. This leaves a lot of room for future growth.
We expect a number of government and non-government awareness campaigns to educate farmers on the benefits of fertilizers. Promotion of fertilizers through television, radio and customized rural workshops are also anticipated to increase the consumption of fertilizers in the coming years.
Increasing rural incomes, coupled by easy availability of credit, are also likely to create a positive impact on fertilizer usage in the country.
Contract farming, where inputs in terms of technology and training are expected to be provided to the farmer from the food processor (contractor), is also expected to create a positive impact on fertilizer usage.
Market Summary:Based on the product type, the market has been segmented as chemical fertilizers and biofertilizers. Currently, chemical fertilizers dominate the market, holding the largest share. Based on the segment, the market has been segmented as complex fertilizers, DAP, MOP, urea and SSP. On the basis of formulation, the market has been segmented as liquid and dry. Based on the application, the market has been segmented as farming and gardening. On the basis of region, the market has been segmented as North India, South India, East India and West India. The competitive landscape of the market has also been examined in the report and the profiles of key players have also been provided.
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.3 Key Industry Trends
5 Indian Fertilizer Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by Segment
5.5 Market Breakup by Formulation
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.10 Value Chain Analysis
5.10.2 Research and Development
5.10.3 Raw Material Procurement
5.11 Porters Five Forces Analysis
5.12 Price Analysis
5.12.1 Price Indicators
5.12.2 Price Structure
5.12.3 Margin Analysis
6 Market Breakup by Product Type
6.1 Chemical Fertilizers
7 Market Breakup by Segment
7.1 Complex Fertilizers
8 Market Breakup by Formulation
9 Market Breakup by Application
9.1.1 Grains and Cereals
9.1.2 Oil Seeds
9.1.3 Fruits and Vegetables
10 Market Breakup by Region
10.1 East India
10.2 North India
10.3 South India
10.4 West India
11 Fertilizer Manufacturing Process
11.1 Product Overview
11.2 Raw Material Requirements
11.3 Manufacturing Process
11.4 Key Success and Risk Factors
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/research/k5jvx6/inr_9987_billion?w=4
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Related Topics:Agrochemicals and Fertilizers,Fertilizer
KEYWORD: ASIA PACIFIC INDIA
INDUSTRY KEYWORD: NATURAL RESOURCES AGRICULTURE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/13/2018 06:23 AM/DISC: 11/13/2018 06:23 AM