India Phosphoric Fertilizer Market, Status and Outlook (2024-2030)
India Phosphoric Fertilizer market size was valued at US$ 5.73 billion in 2024 and is projected to reach US$ 7.86 billion by 2030, at a CAGR of 5.4% during the forecast period 2024-2030.
Fertilizers containing phosphorus as a primary nutrient, essential for plant growth, root development, and overall crop productivity, including various forms like diammonium phosphate (DAP) and single superphosphate (SSP).
The Indian Phosphoric Fertilizer market is experiencing steady growth, driven by the ongoing need to improve soil fertility, increase agricultural productivity, and ensure food security for a growing population.
Key factors include government subsidies on phosphatic fertilizers, increasing awareness about balanced nutrient management, and the push for higher crop yields across various agricultural sectors. The industry is seeing a trend towards developing enhanced efficiency phosphoric fertilizers that improve nutrient uptake and reduce environmental impact. There's growing interest in fortified and customized phosphatic fertilizer blends tailored to specific crop requirements and soil conditions. Challenges include managing the volatility of raw material prices, particularly phosphate rock, and addressing concerns about the long-term impact of heavy phosphorus application on soil health. The market is benefiting from advancements in fertilizer production technologies that improve the quality and consistency of phosphoric fertilizers.
Key players are investing in expanding domestic production capacity to reduce reliance on imports and ensure stable supply. There's increasing focus on promoting integrated nutrient management practices that optimize the use of phosphoric fertilizers in combination with other nutrients and organic inputs. The industry is also exploring the recovery and recycling of phosphorus from various waste streams to create a more sustainable supply chain. As India continues to emphasize agricultural productivity and soil health improvement, the phosphoric fertilizer market is expected to see sustained growth. The market is witnessing increased adoption of water-soluble phosphatic fertilizers in precision farming and fertigation systems, particularly in horticultural crops. Companies are developing digital platforms and decision support tools to aid farmers in optimizing phosphorus application based on soil testing and crop requirements.
The industry faces challenges in terms of educating farmers about the importance of balanced fertilization and addressing the environmental concerns related to phosphorus runoff. However, the critical role of phosphorus in crop nutrition, coupled with ongoing efforts to improve fertilizer use efficiency, suggests a stable and evolving market landscape for phosphoric fertilizers in India.
This report contains market size and forecasts of Phosphoric Fertilizer in India, including the following market information:
- India Phosphoric Fertilizer Market Revenue, 2019-2024, 2024-2030, ($ millions)
- India Phosphoric Fertilizer Market Sales, 2019-2024, 2024-2030,
- India Top five Phosphoric Fertilizer companies in 2023 (%)
Report Includes
This report presents an overview of India market for Phosphoric Fertilizer , sales, revenue and price. Analyses of the India market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report focuses on the Phosphoric Fertilizer sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the India Phosphoric Fertilizer market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.
This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.
Segment by Type
- Water-soluble Phosphate Fertilizer
- Soluble Phosphate Fertilizer for Citric Acid
- Insoluble Phosphate Fertilizer
Segment by Applications
Key Companies covered in this report:
- Coromandel International Limited
- Gujarat State Fertilizers & Chemicals Ltd (GSFC)
- Rashtriya Chemicals & Fertilizers Ltd
- Indian Farmers Fertiliser Cooperative Limited (IFFCO)
- Krishak Bharati Cooperative Ltd (KRIBHCO)
- Madras Fertilizers Limited
- Chambal Fertilisers and Chemicals Limited
- Paradeep Phosphates Limited
- National Fertilizers Limited
- Fertilizers and Chemicals Travancore Ltd (FACT)
Including or excluding key companies relevant to your analysis.
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Phosphoric Fertilizer revenues in Indian market, 2019-2024 (Estimated), ($ millions)
- Key companies Phosphoric Fertilizer revenues share in Indian market, 2023 (%)
- Key companies Phosphoric Fertilizer sales in Indian market, 2019-2024 (Estimated),
- Key companies Phosphoric Fertilizer sales share in Indian market, 2023 (%)
Key Indicators Analysed
- Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
- Indian Market Analysis: The report includes Indian market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
- Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
- Opportunities and Drivers: Identifying the Growing Demands and New Technology
- Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Benefits of This Market Research:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Phosphoric Fertilizer Market
- Overview of the regional outlook of the Phosphoric Fertilizer Market
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- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
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