The
market research report titled “India Complex (NPK) Fertilizer Market Outlook to 2022
– Expected Manufacturing Capacity Expansion by Domestic Manufacturers in Next 5
Years” provides a
comprehensive analysis of the complex fertilizer market in India. The report
covers aspects such as complex fertilizer market by its key segments including market
size, consumption of complex fertilizers by product form, product type, application
by crops, and by grades. The publication also includes detailed analysis of
complex fertilizer market, trade scenario, competitive landscape, detailed
profiles on major players and trend and developments. Future analysis of India complex
fertilizer market with estimated production and consumption projections has
also been discussed along with analyst recommendations.
India Complex
Fertilizer Market
The
agriculture and fertilizer sector in India is highly dependent on monsoons.
India has limited amount of rock phosphate of low grade which can only be
utilized for production of SSP. The fertilizer industry is highly regulated and
monitored by the Government of India. The complex fertilizer market declined at
a CAGR of ~% during the period FY’2012-FY’2017 from USD ~ million in FY’2012 to
USD ~ million in FY’2017. This was majorly due to decontrol of fertilizer
prices by the Indian government except for Urea, which augment the demand for
Urea and had a negative effect on sale of complex fertilizers. Furthermore,
drought like situation in during FY’2013-FY’2014, adversely impacted fertilizer
sales in the industry as a whole. Monsoon, on which a major part of agriculture
depends, was erratic and inconsistent which led to condensed demand for complex
fertilizers in FY’2017. Consumption of complex fertilizers declined at a CAGR
of ~% during the period FY’2012-FY’2017, whereas, production grew marginally at
a CAGR of ~% during FY’2012-FY’2017.
India Complex
Fertilizer Market Segmentation
By Product Form: Granulated/fused form of complex fertilizers was widely used
in India such that about ~% of all complex fertilizers utilized in the country
were of granulated or fused form. Blended complex fertilizers comprised for
only ~% of the market share as of FY’2017. Tata Chemicals Limited (TCL),
Coromandel International and Zuari Fertilisers and Chemicals Limited are the
only companies known to have invested and established blending plant facilities
for customized NPK production.
By
Product Type: Complex fertilizers
comprising of three primary nutrients (nitrogen, phosphorous and potassium)
accounted for ~% market share in FY’2017. On the other hand, complex
fertilizers comprising of two nutrients accounted for ~% market share in
FY’2017.
By
Grade: NPK 20-20-0 was the most
widely used complex fertilizer in India for cultivating cereals, pulses and
oilseeds. The fact that NPK 20-20-0 is cheaper than most complex fertilizers
and is often sold by retailers as an alternative to DAP, has resulted in wide
scale utilization of the same. NPK 20-20-0 comprised for a market share of ~%
in the overall complex fertilizer market in FY’2017, in terms of consumption
volume. NPK 10-26-26, NPK 12-32-16, NPK 17-17-17 and all others grades
accounted for market share of ~% and ~% respectively.
Competition Scenario
India
complex fertilizer market is highly competitive and concentrated with top 5
players comprising for over ~% of the market share, in terms of revenue in
FY’2017. In terms of complex fertilizer production, the top 5 players accounted
for about ~% of market share as of FY’2017. There are about 13 companies (3
public, 1 cooperative and 9 private companies) engaged in the production of
complex fertilizer in India.
Coromandel
international was the market leader and comprised for ~% market share in
FY’2017, in terms of revenue. The company produced around ~ million MT of
complex fertilizers during FY’2017. IFFCO emerged as the second largest player
in this space and comprised for ~% market in 2017. Other prominent players
included Paradeep Phosphates, Rashtriya Chemicals and Fertilizers Limited,
Fertilizers and Chemicals Travancore, Gujarat State Fertilizers & Chemicals
Limited and Gujarat Narmada Valley Fertilizers & Chemicals Limited which
comprised for market shares of ~% and ~%, respectively in FY’2017.
India Complex
Fertilizer Market Future Outlook and Projections
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. Several companies including the likes of Coromandel
International, Paradeep Phosphates and Fertilizers and Chemicals Travancore
have announced investments to increase their production capacity of complex
fertilizers. Consumption of complex fertilizers in India is expected to grow at
a CAGR of ~% during the period FY’2017-FY’2022, rising from ~ million MT in
FY’2017 to ~ million MT by FY’2022. Complex fertilizers market is anticipated
to grow at a CAGR of ~% during the period FY’2017-FY’2022.
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:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-124 423 0204
