Indian Fertilizer Market Outlook 2019-2024
Added: (Mon Jun 17 2019)
Bharat Book Bureau Provides the Trending Market Research Report on “Indian Fertilizer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” under Agriculture category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Indian fertilizer Market was worth INR 5,437 Billion in 2018. Looking forward, the market is projected to reach INR 11,116 Billion by 2024, growing at a CAGR of 12.3% during 2019-2024. 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.
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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.
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.
This report provides a deep insight into the Indian fertilizer market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian fertilizer industry in any manner.
Key Questions Answered in This Report:
How has the Indian fertilizer market performed so far and how will it perform in the coming years?
What is the breakup of the Indian fertilizer market on the basis of product type?
What is the breakup of the Indian fertilizer market on the basis of key segments?
What is the breakup of the Indian fertilizer market on the basis of formulation?
What is the breakup of the Indian fertilizer market on the basis of application?
What is the breakup of the Indian fertilizer market on the basis of region?
What are the various stages in the value chain of the Indian fertilizer market?
What are the key driving factors and challenges in the Indian fertilizer market?
What is the structure of the Indian fertilizer market and who are the key players?
What is the degree of competition in the Indian fertilizer market?
How are fertilizers manufactured?
Browse our full report with Table of Contents : https://www.bharatbook.com/marketreports/indian-fertilizer-market-industry-trends-share-size-growth-opportunity-and-forecast-2019-2024/1598917
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Submitted by:Sandhya Nair