India Nitrogenous Fertilizer Market Size & Outlook
India nitrogenous fertilizer market, 2018-2030 (US$M)
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India nitrogenous fertilizer market highlights
- The India nitrogenous fertilizer market generated a revenue of USD 17,638.2 million in 2022 and is expected to reach USD 28,538.3 million by 2030.
- The India market is expected to grow at a CAGR of 6.2% from 2023 to 2030.
- In terms of segment, urea was the largest revenue generating product in 2022.
- Ammonia is the most lucrative product segment registering the fastest growth during the forecast period.
Nitrogenous fertilizer market data book summary
| Market revenue in 2022 | USD 17,638.2 million |
| Market revenue in 2030 | USD 28,538.3 million |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | Urea |
| Fastest growing segment | Ammonia |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Urea, Methylene Urea, Ammonium Nitrate, Ammonium Sulfate, Ammonia, Calcium Ammonium Nitrate |
| Key market players worldwide | Nutrien Ltd, The Mosaic Co, Yara International ASA, CF Industries Holdings Inc, ICL Group Ltd, Bunge Global SA, Sasol Ltd, OCI NV, Koch Industries |
Other key industry trends
- In terms of revenue, India accounted for 15.4% of the global nitrogenous fertilizer market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nitrogenous fertilizer market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 28,538.3 million by 2030.
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Nitrogenous Fertilizer Market Scope
Nitrogenous Fertilizer Market Companies
| Name | Profile | # Employees | HQ | Website |
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India nitrogenous fertilizer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nitrogenous fertilizer market will help companies and investors design strategic landscapes.
Urea was the largest segment with a revenue share of 68.43% in 2022. Horizon Databook has segmented the India nitrogenous fertilizer market based on urea, methylene urea, ammonium nitrate, ammonium sulfate, ammonia, calcium ammonium nitrate covering the revenue growth of each sub-segment from 2018 to 2030.
Agriculture is the source of livelihood for approximately 58.0% of the population in India. According to India Brand Equity Foundation, agriculture, forestry, and fishing added an estimated gross value of USD 276.4 billion in 2020. According to the Economic Survey of India, the total food grain production in the country was 296.6 million tons while the horticulture production was 326.6 million metric tons in 2020.
India is the largest producer of pulses and spices in the world. It has the largest area under the cultivation of wheat, cotton, and rice. Puducherry, Telangana, Punjab, Andhra Pradesh, Tamil Nadu, Uttar Pradesh, West Bengal, and Karnataka are some key consumers of fertilizers in India.
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Our clientele includes a mix of nitrogenous fertilizer market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India nitrogenous fertilizer market , including forecasts for subscribers. This country databook contains high-level insights into India nitrogenous fertilizer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India nitrogenous fertilizer market size, by product, 2018-2030 (US$M)
India Nitrogenous Fertilizer Market Outlook Share, 2022 & 2030 (US$M)
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