Press Release

India Fertilizer Market to Reach USD 14 Billion by 2030 Due to Favorable Government Initiatives

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, cites MarkNtel Advisors in the recent research report. Growing demand for fertilizers to enhance farming yields has been the main factor driving the India Fertilizer Market. There has been steady growth in agricultural production from the 1970s to 2023. India currently produces USD 329.7 million tons of grain annually, which makes it one of the largest agricultural producers in the world. Also, after China, India stands as the second largest producer and consumer of fertilizer. An increase in crop production by boosting soil productivity can be achieved by using fertilizers such as Phosphate, urea, diammonium, and NPK (Nitrogen, phosphorus, and Potash). India has produced about USD 48.69 million tons of fertilizer in 2024.

In addition, techniques of farming and the adoption of modern agriculture practices have fostered the demand for fertilizer usage for better pleasant crop yields and soil fitness thereby driving the growth of India's fertilizer industry. Modern farming methods are remodeling the agriculture industry by using information-pushed insights and sustainable farming alternatives. Integration of practices like precision farming, hydroponics, aquaponics, and vertical farming boost performance, reduce waste and improve crop yields.

Increasing awareness regarding sustainable agricultural practices is another factor driving the Indian fertilizer market. These practices avoid chemical discharge in the environment thus reducing environmental pollution and assisting in minimizing the emission of greenhouse gases. Authorities have initiated several measures toward chemical-free methods with organic farming, along with promoting alternative fertilizers. This, in turn, has prompted the adoption of sustainable farming, coupled with effective nutrient management, thereby fueling the growth of the India Fertilizer Market, further states the research report, “India Fertilizer Market Analysis, 2025.”

India Fertilizer Market Segmentation Analysis

Chemical Fertilizers Segment Captures the Largest Market Share

Based on the type, the market is further bifurcated into chemical fertilizers and bio-fertilizers. Chemical fertilizers are leading the Indian fertilizer industry with a substantial market share of around 40% because they are largely used in agriculture. Necessities such as urea, diammonium phosphate, and muriate of potash were required for further crop production or to sustain larger population demands. Farmers prefer chemical fertilizers because they produce quick and reliable yields. They are applied in mass agriculture practices to boost production and to meet increased demand for food grains.

Fertilizers are Used Extensively for Grains & Cereals

Based on crop type, grains & cereals have the largest market share of around 40% on account of the fact India is the second-largest manufacturer of rice, wheat, and others. Grains & Cereals have high demand in the case of Indian cereal exports. Wheat, paddy, sorghum, millet, barley, and maize are considered the most vital cereals. Cereals are grown in tropical lowlands in all seasons and temperate climates for the duration of the frost-free season. They are produced in large quantities and serve as major food items throughout the globe than other crops and they have excessive nutrients, proteins, carbohydrates, minerals, fats, and oil. Therefore, it increases fertilizer demand and thus leads India's fertilizer industry based on crop type.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including IFFCO, National Fertilizers Limited, Coromandel International, Chambal Fertilizers & Chemicals Ltd., Rashtriya Chemicals & Fertilizers Limited, Zuari Agro Chemicals, Madras Chemical Fertilizers Limited, Tata Chemicals Limited, Nagarjuna Fertilizers and Chemicals Ltd., Deepak Fertilisers, ICL Group Ltd. and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?