Ken
Research in its latest study, India
Complex (NPK) Fertilizer Market Outlook to 2022 – Expected Manufacturing
Capacity Expansion by Domestic Manufacturers in Next 5 Years suggested that Coromandel
International, IFFCO, Paradeep Phosphates, Rashtriya Chemicals and Fertilizers
Limited will remain the major players in this space in India. However, these
major players will witness rising competition from other existing and new
entrants launching cheaper and better products in the market.
The
ideal N:P:K nutrient balance for Indian soil is 4:2:1 while the actual ratio
was 6.8:2.7:1 at the end of FY’2017. The nutrient imbalance is a result of
overuse of urea and low use of NPK which makes the soil acidic. With schemes
such as soil health cards being implemented by Government of India to determine
the soil health and advice farmers on the right fertilizers usage, the demand
outlook for complex fertilizers remains positive. Several companies including
Coromandel International, Paradeep Phosphates and Fertilizers and Chemicals
Travancore have announced investments to increase their production capacity of
complex fertilizers. New entrants OCP and Kribhco announced that they are
entering into a 50:50 joint venture to develop a large-scale greenfield NPK
fertilizer plant in Krishnapatnam, Andhra Pradesh in October 2016. The
companies intend to invest around USD 230 million in establishing a
manufacturing plant which will have an annual production capacity of 1.2 MT of
NPK fertilizers.
The
Direct Transfer Benefit will soon be deployed across the country from 2018
onwards, since the pilot projects have indicated a success. This will help to
bring soil health in focus and curb any pilferages and leakages in the subsidy
reimbursement process as every sale made will be recorded in the POS machine. The
process will streamline and enable in quick subsidy disbursal to the
manufacturers within weeks and it will ensure the fertilizer is received by the
farmer himself. Growing emphasis on curbing soil pollution, streamlining
subsidy disbursal and expected capacity expansion projects are expected to
augment the demand for complex fertilizers in India, according to Analyst at
Ken Research.
Key Topics Covered in the Report:
India
Complex Fertilizer Demand
India
Complex Fertilizer Consumption
India
Complex Fertilizer Production
India
Complex Fertilizer Market
India
Granulated NPK Consumption
India
Blended NPK Consumption
India
NPK Fertilizer Demand
India
NPK Fertilizer Consumption
India
NPK Fertilizer Production
India
NPK Fertilizer Market
Blended and
granulated NPKs Sales
Water soluble
NPKs Revenue India
Slow release
NPKs Consumption India
Coromandel
International Complex Fertilizer India
IFFCO Market
share Complex Fertilizer
Future Complex
Fertilizer India
Grade wise
Sales Complex Fertilizer India
India
Complex Fertilizer Market Forecast
India
Complex Fertilizer Market Size
India
Complex Fertilizer Market Future Outlook
India
Complex Fertilizer Market Growth
Analysis
India
Complex Fertilizer Market Value
India
Complex Fertilizer Market Competition
For more information on the research report, refer to below
link:-
Related Reports by Ken Research:-
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-124 423 0204
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-124 423 0204
