The Indian fertilizer market reached a value of INR 942.1 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the Indian fertilizer market are focusing on product diversification and expanding product portfolios by introducing specialty fertilizers and micronutrients. They are consequently integrating advanced technologies, such as machine learning (ML), biometrics, cloud computing, and big data, in manufacturing facilities to comply with rules more efficiently and cost-effectively. Additionally, they are promoting sustainable agriculture and implementing eco-friendly production processes, promoting the use of renewable energy sources, and investing in initiatives that support soil health and biodiversity. Besides this, the burgeoning e-commerce sector in the country is offering lucrative growth opportunities to key market players. Looking forward, the market value is expected to reach INR 1,383.8 Billion by 2032, growing at a CAGR of 4.2% during the forecast period (2024-2032).
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The Indian fertilizer market has several major players, including Chambal Fertilisers and Chemicals Limited, Coromandel International Limited, Deepak Fertilisers and Petrochemicals Corporation Limited, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), Gujarat State Fertilizers & Chemicals Limited (GSFC), Haifa Negev Technologies Ltd., Indian Farmers Fertiliser Cooperative Limited (IFFCO), National Fertilizers Limited (NFL), RAMA PHOSPHATES LIMITED, Rashtriya Chemicals and Fertilizers Limited (RCFL), Southern Petrochemical Industries Corporation (SPIC) Limited, and Yara Fertilisers India Private Limited. More information about these companies has been provided below.
Establishment: |
1985 |
Headquarters: |
New Delhi |
Website: |
https://www.chambalfertilisers.com/ |
Chambal Fertilisers and Chemicals Limited is a leading agrochemicals and fertilizers company. It is a part of the KK Birla Group with a product line of urea, di-ammonium phosphate (DAP), muriate of potash (MOP), single superphosphate (SSP), and complex fertilizers. At present, it has a strong distribution network in India and exports its products to several countries around the world.
Establishment: |
1906 |
Headquarters: |
New Delhi |
Website: |
https://www.coromandel.biz/ |
Coromandel International Limited is one of the pioneers and leading agri-solutions providers that offers a diverse range of products and services across the farming value chain. Its plant nutrients and crop protection solutions include fertilizer, crop protection, bio-pesticides, specialty nutrients, and organic fertilizer. It is also the world's largest neem-based bio-pesticide manufacturer and the number one organic fertilizer marketer. At present, it has the largest agri-retail chain with over 750 stores and operates a network of retail outlets across Andhra Pradesh, Telangana, and Karnataka. It facilitates products and farming services like crop advisory, soil testing, and farm mechanization to around 3 million farmers through its stores.
Establishment: |
1979 |
Headquarters: |
India |
Website: |
http://www.dfpcl.com/ |
Deepak Fertilisers and Petrochemicals Corporation Limited are among the leading producers of fertilizers and industrial chemicals across India. It is a publicly listed, multi-product Indian conglomerate with a product portfolio spanning industrial chemicals, bulk and specialty fertilizers, farming diagnostics, and solutions, fresh produce, and technical ammonium nitrate. Presently, it focuses on leveraging current strengths and increasing its manufacturing capabilities to expand its product portfolio. Moreover, its unique business model allows it to build its financial strength, generate free cash flow and invest in growth, both in India and globally.
Establishment: |
1982 |
Headquarters: |
Gujrat |
Website: |
https://www.gnfc.in/ |
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) is a joint-sector enterprise promoted by the Government of Gujarat. It is one of the largest single-stream ammonia-urea fertilizer complexes in the world that offers a wide range of products under the fertilizer segment, including urea, nitro phosphate, neem de-oiled cake, and narmada neem pesticide. Moreover, it is engaged in trading di-ammonium phosphate (DAP), muriate of potash (MOP), single super phosphate (SSP), ammonium sulphate, and city compost.
Establishment: |
2014 |
Headquarters: |
Gujrat |
Website: |
https://www.gsfclimited.com/privacy-policy |
Gujarat State Fertilizers & Chemicals Limited (GSFC) is a leading manufacturing company of fertilizers and industrial products. It offers a wide range of products in the fertilizer segment, including neem urea, ammonium sulfate, di-ammonium phosphate, APS, NPK, muriate of potash (MOP), boronated NPK, ammonium phosphate sulfate, ammonium phosphate sulfate, and gypsum. Moreover, it offers water-soluble fertilizers, sulfur-based products, and micronutrients that support plant growth.
Establishment: |
1966 |
Headquarters: |
London, United Kingdom |
Website: |
https://www.haifa-group.com/ |
Haifa Negev Technologies Ltd. is a multinational corporation and a leading global supplier of specialty plant nutrition. It develops, produces, and supplies a wide range of specialty fertilizers in more than 100 countries. Its premium products provide optimized plant nutrition and are valued for their high efficiency, crop- suitability, low chloride content, and purity. Its product portfolio also includes soluble fertilizers, foliar sprays, controlled-release fertilizers, and granular fertilizers for soil application. Moreover, with innovative plant nutrition schemes and highly efficient application methods, its solutions provide balanced and precise plant nutrition to everyone.
Establishment: |
1967 |
Headquarters: |
New Delhi |
Website: |
https://www.iffco.in/ |
Indian Farmers Fertiliser Cooperative Limited (IFFCO) is a cooperative society that specializes in the production and marketing of fertilizers, chemicals, and agro-products. It is among the largest cooperative societies in the world with more than 36,000 member cooperatives and over 5 million individual farmers as its members. It works on seven principles cooperative principles, including voluntary open membership, democratic member control, education, training and information, cooperation among cooperatives, member economics participation, autonomy and independence, and concern for community. It enjoys a global presence through associates and partners in South-East Asia, Middle East, and Europe.
Establishment: |
1974 |
Headquarters: |
Uttar Pradesh |
Website: |
https://nationalfertilizers.com/ |
National Fertilizers Limited (NFL) is a public sector undertaking engaged in the manufacturing and marketing of fertilizers and other agricultural inputs. It aims to become a dynamic organization that serves the farming community and other customers to their satisfaction through timely supply of fertilizers and other products and services, continually striving to achieve the highest standards in quality, safety, ethics, professionalism, and energy conservation with a concern for ecology and maximizing returns to stakeholders. At present, it is engaged in the manufacturing and marketing of neem-coated urea, bentonite sulfur, four strains of bio-fertilizers (solid & liquid), and other allied industrial products like ammonia, nitric acid, ammonium nitrate, sodium nitrite, and sodium nitrate.
Establishment: |
1982 |
Headquarters: |
Maharashtra |
Website: |
https://www.ramaphosphates.com/ |
RAMA PHOSPHATES LIMITED is among the leading phosphatic fertilizer manufacturers of single super phosphate (SSP) fertilizer. It has a state-of-the-art manufacturing facility to produce SSP in both granule and powder form, which is used mainly for captive consumption and catering to the requirement of local customers in its place of operations. It aims to deliver superior value to its customers, shareholders, employees, society, and farmers to reach the pinnacle of the industry.
Establishment: |
1997 |
Headquarters: |
Maharashtra |
Website: |
https://www.rcfltd.com/ |
Rashtriya Chemicals and Fertilizers Limited (RCFL) is a public sector company that offers "Ujjwala (urea) and "Suphala" (complex fertilizer) brands of fertilizers manufactured that carry high brand equity. It also produces many industrial chemicals that are important for the manufacture of dyes, solvents, leather, pharmaceuticals, and a host of other industrial products. Moreover, it is undertaking several agriculture extension activities to educate the farmers on the efficient use of agro-inputs and provide know-how on improved and scientific methods of cultivation, contributing to an increase in their farm yield.
Establishment: |
1969 |
Headquarters: |
Tamil Nadu |
Website: |
https://www.spic.in/ |
Southern Petrochemical Industries Corporation (SPIC) Limited is engaged in the manufacturing and marketing of fertilizers, chemicals, and other related products. It operates in several manufacturing units located in different parts of the country and produces a range of fertilizers, including urea, ammonium phosphate, and complex fertilizers. It also produces a range of chemicals, such as methanol, carbon dioxide, and industrial gases. Moreover, it focuses on soil management and has a specialized soil testing laboratory for the analyses of macro and micronutrients, organic carbon, and soil texture to advise farmers about corrective steps and improve soil health and increase productivity.
Establishment: |
2011 |
Headquarters: |
Haryana |
Website: |
https://www.yara.in/ |
Yara Fertilisers India Private Limited is a leading supplier of fertilizers and raw materials. It provides a wide range of fertilizers, including urea, ammonium nitrate, and complex fertilizers. It also produces crop nutrition products, including micronutrients and specialty fertilizers. Besides this, it is known for its innovative products and services that help farmers optimize their crop yields and increase their profits.
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About Author:
Shree Basu Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |