India Fertilizer Market Research Report: Forecast (2026-2032)

By Product (Straight Fertilizers (Nitrogenous Fertilizers (Urea, Calcium Ammonium Nitrate, Ammonium Nitrate, Ammonium Sulfate, Anhydrous Ammonia, Others), Phosphatic Fertilizers (Mono-Ammonium Phospha... ... ono-Ammonium Phosphate (MAP), Di-Ammonium Phosphate (DAP), Single Super Phosphate (SSP), Triple Super Phosphate (TSP), Others), Potash Fertilizers (Muriate of Potash (MoP), Sulfate of Potash (SoP)), Secondary Macronutrient Fertilizers (Calcium Fertilizers, Magnesium Fertilizers, Sulfur Fertilizers), Micronutrient Fertilizers (Zinc, Manganese, Copper, Iron, Boron, Molybdenum, Others)), Complex Fertilizers, Bio-fertilizers, Specialty Fertilizers (Water-Soluble Fertilizers, Controlled-Release Fertilizers (CRF), Slow-Release Fertilizers (SRF), Liquid Fertilizers)), By Form (Conventional (granules/powders for broadcast/soil), Liquid), By Crop Type (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Flowers and Ornamentals, Others), By Application (Fertigation, Foliar, Banding, Drip Irrigation), and others Read more

  • Environment
  • Aug 2026
  • 145
  • PDF, Excel, PPT

India Fertilizer Market Key Takeaways

  • The India fertilizer market size was valued at USD 13.98 billion in 2025 and is projected to grow from USD 15.29 billion in 2026 to USD 23.98 billion by 2032.
  • The market is projected to register a CAGR of 7.79% during 2026–2032.
  • By product, straight fertilizers accounted for 68% market share in 2026.
  • By form, conventional fertilizers held a market share of 89% in 2026.
  • The industry is moderately consolidated, with the top five players collectively accounting for approximately 60% of the market share in 2026.

India Fertilizer Market Size and Outlook

The fertilizer industry in India was valued at USD 13.98 billion in 2025 and is currently standing at USD 15.29 billion in 2026. The industry is projected to grow to USD 23.98 billion by 2032, showcasing a CAGR of around 7.79% during the forecast period, i.e., 2026–32.

The market continues to be supported by the country's expanding agricultural production, increasing emphasis on food security, and sustained fertilizer consumption across major crop categories. Rising farm productivity is reinforcing the importance of balanced nutrient application, with national food grain yield increasing from 1,930 kilograms per hectare in 2010 to 2011 to 2,578 kilograms per hectare during 2024 to 2025. This improvement reflects the growing role of fertilizers in enhancing agricultural output while supporting long term demand across both conventional and specialty nutrient products.

The market is also benefiting from improving domestic manufacturing capabilities and increasing participation from large industrial groups seeking opportunities in the sector. India has strengthened its fertilizer supply ecosystem through continued capacity additions and improving product availability, while fertilizer exports have expanded over the last two fiscal years despite continued dependence on imported raw materials. Reports indicating Reliance Industries' planned entry into the fertilizer business further highlight growing confidence in the sector's long term growth potential.

Government policy remains one of the strongest pillars supporting the market. The union budget 2026 to 2027 allocated approximately USD 20.0 billion to the department of fertilizers, reinforcing the government's commitment to ensuring affordable fertilizer availability. Additionally, the union cabinet approved approximately USD 4.9 billion under the nutrient based subsidy scheme for kharif 2026 while maintaining affordable retail prices for phosphatic and potassic fertilizers despite elevated global input costs.

The government had also allocated more than USD 24.0 billion under the nutrient based subsidy scheme between FY2022 to 2023 and FY2024 to 2025, demonstrating sustained policy support for balanced nutrient consumption, stable farmer demand, and long term market development. Overall, the market is supported by strong agricultural fundamentals, consistent policy backing, improving domestic production, and growing industry participation. Together, these factors are expected to sustain fertilizer demand, strengthen supply resilience, and support the market's long term growth trajectory.

India Fertilizer Market Key Indicators

  • India's foodgrain production is estimated at 348.7 million tonnes during 2025 to 2026, supported by strong Kharif and Rabi harvests. Higher agricultural output is expected to sustain fertilizer consumption as farmers continue focusing on improving crop productivity and yields.
  • Gross irrigated area now covers 56% of India's net sown land. Expanding irrigation infrastructure is supporting more intensive cultivation and encouraging higher and more consistent fertilizer application across agricultural regions.
  • Domestic fertilizer production reached 11.57 million tonnes during April to June 2026, reflecting continued manufacturing activity to support agricultural demand and strengthen supply availability.
  • India's agriculture sector is projected to record 3.1% gross value added growth in FY2026. Continued expansion in agricultural activity is expected to support stable fertilizer demand despite moderation from the previous fiscal year.
  • The collateral free loan limit under the kisan credit card scheme was increased to approximately USD 2,300 per borrower from January 2025, improving farmers' access to institutional credit for purchasing agricultural inputs, including fertilizers.
  • The government set an agricultural credit target of approximately USD 379 billion for FY2025 to 2026, supporting investment across farming and allied activities. Improved credit availability is expected to facilitate timely fertilizer purchases.
  • More than 61,800 primary agricultural credit societies had migrated to a common ERP based digital platform by March 2026, improving rural service delivery and strengthening access to agricultural inputs through an increasingly digital cooperative network.

Import & Export Trend: India’s Organic Fertilizer Trade Shows Import Contraction but Strong Export Recovery

India’s trade in fertilizers remained relatively small compared with the broader fertilizer industry but showed a notable shift in 2022–2025. Based on the UNSD/ITC data shown in the provided trade tables, import value declined from USD 49 million in 2022 to USD 34 million in 2025, a reduction of about 31%, while import volume fell from 15,000 tons to 12,000 tons. The decline indicates lower dependence on imported organic and animal/vegetable-based fertilizer products, supported by expanding domestic production and increasing availability of alternative nutrient products.

China, Italy, the US, and Canada were important suppliers. In 2024, India imported USD 43.9 million and 13,944 tons, with China accounting for USD 7.9 million, Italy USD 7.5 million, the US USD 7.4 million, and Canada USD 6.0 million.

Conversely, India’s exports increased from USD 26 million in 2022 to USD 27 million in 2025, after falling sharply to USD 17 million in 2023. Verified 2024 data show exports at USD 30.8 million, with volumes reaching 22,670 tons, meaning India exported considerably more volume than it imported that year. The US was the largest destination at USD 11.7 million, followed by Nepal at USD 2.3 million and the Philippines at USD 2.0 million.

Overall, the trade pattern suggests India is gradually strengthening its position as an exporter of organic/animal- and vegetable-based fertilizers while reducing import dependence.

India Fertilizer Market Scope

 Category  Segments
By Product Straight Fertilizers (Nitrogenous Fertilizers (Urea, Calcium Ammonium Nitrate, Ammonium Nitrate, Ammonium Sulfate, Anhydrous Ammonia, Others), Phosphatic Fertilizers (Mono-Ammonium Phosphate (MAP), Di-Ammonium Phosphate (DAP), Single Super Phosphate (SSP), Triple Super Phosphate (TSP), Others), Potash Fertilizers (Muriate of Potash (MoP), Sulfate of Potash (SoP)), Secondary Macronutrient Fertilizers (Calcium Fertilizers, Magnesium Fertilizers, Sulfur Fertilizers), Micronutrient Fertilizers (Zinc, Manganese, Copper, Iron, Boron, Molybdenum, Others)), Complex Fertilizers, Bio-fertilizers, Specialty Fertilizers (Water-Soluble Fertilizers, Controlled-Release Fertilizers (CRF), Slow-Release Fertilizers (SRF), Liquid Fertilizers
By Form Conventional (granules/powders for broadcast/soil), Liquid
By Crop Type Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Flowers and Ornamentals, Others
By Application Fertigation, Foliar, Banding, Drip Irrigation

India Fertilizer Market Growth Drivers

Domestic Urea Capacity Expansion Accelerating Long-Term Supply Security

The approval of the new investment policy for urea 2026 (NIPU 2026) in July 2026 is expected to become a key growth driver for the market by strengthening domestic manufacturing capacity and improving long term supply security. The policy aims to establish 8 to 9 new gas based urea plants with nearly 10 million tonnes of additional annual production capacity, reducing India's dependence on imported urea while creating a stronger and more resilient domestic fertilizer ecosystem capable of meeting rising agricultural demand.

The policy also enhances the commercial attractiveness of new investments through a standardized financial framework that improves project viability. Compared with the earlier NIP 2012 policy, NIPU 2026 is expected to reduce capital expenditure by more than USD 29 million per project while offering an estimated 12% to 16% return on equity and protection against foreign exchange volatility. These measures are expected to encourage greater participation from both public and private sector manufacturers, accelerating capacity creation and supporting long term production expansion across the country.

The policy directly addresses India's structural demand supply imbalance. While 33 operational urea plants currently provide around 26.9 million tonnes of annual production capacity, domestic demand is estimated at nearly 40 million tonnes, leaving a significant supply gap. By narrowing this gap through new capacity additions, NIPU 2026 is expected to improve fertilizer availability, reduce import exposure, strengthen national food security, and create sustained demand for upstream manufacturing, logistics, and distribution activities. The policy has also received support from the Fertiliser Association of India, reflecting positive industry confidence in its long term impact.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. India Fertilizer Market Import & Export Trend Analysis 2022-25
  5. India Fertilizer Market Policies, Regulations, and Product Standards
  6. India Fertilizer Market Trends & Developments
  7. India Fertilizer Market Dynamics
    1. Growth Factors
    2. Challenges
  8. India Fertilizer Market Hotspot & Opportunities
  9. India Fertilizer Market Outlook, 2022-2032
    1. Market Size & Outlook
      1. By Revenues (USD Million)
      2. By Quantity (Thousand Tons)
    2. Market Segmentation & Outlook
      1. By Product- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
        1. Straight Fertilizers
          1. Nitrogenous Fertilizers
            1. Urea
            2. Calcium Ammonium Nitrate
            3. Ammonium Nitrate
            4. Ammonium Sulfate
            5. Anhydrous Ammonia
            6. Others
          2. Phosphatic Fertilizers
            1. Mono-Ammonium Phosphate (MAP)
            2. Di-Ammonium Phosphate (DAP)
            3. Single Super Phosphate (SSP)
            4. Triple Super Phosphate (TSP)
            5. Others
          3. Potash Fertilizers
            1. Muriate of Potash (MoP)
            2. Sulfate of Potash (SoP)
          4. Secondary Macronutrient Fertilizers
            1. Calcium Fertilizers
            2. Magnesium Fertilizers
            3. Sulfur Fertilizers
          5. Micronutrient Fertilizers
            1. Zinc
            2. Manganese
            3. Copper
            4. Iron
            5. Boron
            6. Molybdenum
            7. Others
        2. Complex Fertilizers
        3. Bio-fertilizers
        4. Specialty Fertilizers
          1. Water-Soluble Fertilizers
          2. Controlled-Release Fertilizers (CRF)
          3. Slow-Release Fertilizers (SRF)
          4. Liquid Fertilizers
      2. By Form- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
        1. Conventional (granules/powders for broadcast/soil)
        2. Liquid
      3. By Crop Type- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
        1. Grains and Cereals
        2. Pulses and Oilseeds
        3. Fruits and Vegetables
        4. Flowers and Ornamentals
        5. Others
      4. By Application- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
        1. Fertigation
        2. Foliar
        3. Banding
        4. Drip Irrigation
      5. By Region- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
        1. North
        2. South
        3. East
        4. West
      6. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
  10. India Straight Fertilizers Market Outlook, 2022-2032
    1. Market Size & Outlook
      1. By Revenues (USD Million)
      2. By Quantity (Thousand Tons)
    2. Market Segmentation & Outlook
      1. By Form- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
      2. By Crop Type- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
      3. By Application- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
      4. By Region- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
  11. India Complex Fertilizers Market Outlook, 2022-2032
    1. Market Size & Outlook
      1. By Revenues (USD Million)
      2. By Quantity (Thousand Tons)
    2. Market Segmentation & Outlook
      1. By Form- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
      2. By Crop Type- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
      3. By Application- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
      4. By Region- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
  12. India Bio-fertilizers Market Outlook, 2022-2032
    1. Market Size & Outlook
      1. By Revenues (USD Million)
      2. By Quantity (Thousand Tons)
    2. Market Segmentation & Outlook
      1. By Form- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
      2. By Crop Type- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
      3. By Application- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
      4. By Region- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
  13. India Specialty Fertilizers Market Outlook, 2022-2032
    1. Market Size & Outlook
      1. By Revenues (USD Million)
      2. By Quantity (Thousand Tons)
    2. Market Segmentation & Outlook
      1. By Form- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
      2. By Crop Type- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
      3. By Application- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
      4. By Region- Market Size & Forecast 2022-2032, USD Million & Thousand Tons
  14. India Fertilizer Market Key Strategic Imperatives for Success & Growth
  15. Competitive Outlook
    1. Company Profiles
      1. Indian Farmers Fertiliser Cooperative Limited (IFFCO)
        1. Business Description
        2. Product Portfolio
        3. Collaborations & Alliances
        4. Recent Developments
        5. Financial Details
        6. Others
      2. National Fertilizers Limited
        1. Business Description
        2. Product Portfolio
        3. Collaborations & Alliances
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Coromandel International Limited
        1. Business Description
        2. Product Portfolio
        3. Collaborations & Alliances
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Chambal Fertilisers and Chemicals Limited
        1. Business Description
        2. Product Portfolio
        3. Collaborations & Alliances
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Rashtriya Chemicals and Fertilizers Limited
        1. Business Description
        2. Product Portfolio
        3. Collaborations & Alliances
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Zuari Agro Chemicals Limited
        1. Business Description
        2. Product Portfolio
        3. Collaborations & Alliances
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Deepak Fertilisers and Petrochemicals Corporation Limited
        1. Business Description
        2. Product Portfolio
        3. Collaborations & Alliances
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Gujarat Narmada Valley Fertilizers and Chemicals Limited
        1. Business Description
        2. Product Portfolio
        3. Collaborations & Alliances
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Gujarat State Fertilizers & Chemicals Limited
        1. Business Description
        2. Product Portfolio
        3. Collaborations & Alliances
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Madras Fertilizers Limited
        1. Business Description
        2. Product Portfolio
        3. Collaborations & Alliances
        4. Recent Developments
        5. Financial Details
        6. Others
  16. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

Full Name*:

Company Name*:

Business Email*:

Country Name*:

Contact Number*:

Message:

Flexible Licensing Options

We offer flexible licensing options to cater to varying organizational needs. Choose the pricing pack that best suits your requirements:

Buy Now
Inquire Before Buying
Customization Offered
  • Cross-segment Market Size & Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics & Share
  • Import Export & Production Analysis
Request Customization
Related Reports