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India Urea Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

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    Report

  • 152 Pages
  • January 2023
  • Region: India
  • Mordor Intelligence
  • ID: 5716944
The India Urea Market is projected to register a CAGR of 4.87%

Key Highlights

  • Largest By Type - Straight: Conventional Urea is the most consumed fertilizer in India, as Nitrogen is the most yield limiting nutrient for crop growth and farmers are highly adapted to its usage.
  • Largest by Coating Type - Polymer Coated: The polymer coated fertilizers release the nutrients for longer duration and decrease the leaching losses of fertilizers in the soil and also reduce the application rate.
  • Largest By Crop Type - Field Crops: The domination of field crops in Fertilizers market is mainly due to its large cultivation area in the country. They account for more than 95% of total crop area.

Key Market Trends

Field Crops is the largest segment by Crop Type.

  • In India, field crops alone account for about 94.9% of the total urea fertilizer market, valued at USD 11.30 billion in 2021.
  • Field crops consumed about 98.0% of conventional urea fertilizers in 2021 due to their low cost and widespread availability in the country. However, in field crops, there is an increasing trend in adopting specialty urea fertilizers due to their efficiency.
  • Horticulture crops account for about 5.5 percent of the total urea fertilizer market, valued at USD 657.1 million in 2021. India is the world's second largest producer of fruits and vegetables, and the country ranks first in Banana, Mango, Lemon, Papaya, and Okra.
  • Since the last few decades, there has been an increase in nitrogen application rates and a decrease in nitrogen use efficiency. It is estimated that fertilizer consumption in India may double by 2050, and there is an urgent need to improve the fertilizer use efficiency in the country. The controlled-release fertilizers can improve fertilizer use efficiency and decrease fertilizer pollution, particularly in horticultural crops.
  • In the Indian turf and ornamental industry, floriculture has been one of the growing industries in recent years. In 2020-21, the country exported 15.6 thousand metric tons of floriculture products to the world for a total value of USD 7.8 Million. Controlled-release fertilizers have a great potential to penetrate this industry by innovating different release patterns that suits floriculture. Turf and ornamental crops account for about 0.11% of the total urea fertilizer market, valued at USD 13.6 million in 2021.


Competitive Landscape

The India Urea Market is fragmented, with the top five companies occupying 3.51%. The major players in this market are Chambal Fertilizers & Chemicals Ltd, Coromandel International Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Indian Farmers Fertiliser Cooperative Limited and National Fertilizers Ltd (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 EXECUTIVE SUMMARY & KEY FINDINGS

2 REPORT OFFERS

3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study​
3.3 Research Methodology

4 KEY INDUSTRY TRENDS
4.1 Acreage Of Major Crop Types
4.2 Average Nutrient Application Rates
4.3 Regulatory Framework
4.4 Value Chain & Distribution Channel Analysis

5 MARKET SEGMENTATION
5.1 Speciality Type
5.1.1 CRF
5.1.1.1 Polymer Coated
5.1.1.2 Polymer-Sulfur Coated
5.1.1.3 Others
5.1.2 SRF
5.2 Crop Type
5.2.1 Field Crops
5.2.2 Horticultural Crops
5.2.3 Turf & Ornamental
5.3 Form
5.3.1 Conventional
5.3.2 Speciality

6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 Chambal Fertilizers & Chemicals Ltd
6.4.2 Coromandel International Ltd.
6.4.3 Gujarat Narmada Valley Fertilizers & Chemicals Ltd
6.4.4 Indian Farmers Fertiliser Cooperative Limited
6.4.5 Mangalore Chemicals & Fertilizers Ltd.
6.4.6 National Fertilizers Ltd
6.4.7 Yara Fertilisers India Pvt. Ltd.
6.4.8 Zuari Agro Chemicals Ltd

7 KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS

8 APPENDIX
8.1 Global Overview
8.1.1 Overview
8.1.2 Porter’s Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (DROs)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Chambal Fertilizers & Chemicals Ltd
  • Coromandel International Ltd.
  • Gujarat Narmada Valley Fertilizers & Chemicals Ltd
  • Indian Farmers Fertiliser Cooperative Limited
  • Mangalore Chemicals & Fertilizers Ltd.
  • National Fertilizers Ltd
  • Yara Fertilisers India Pvt. Ltd.
  • Zuari Agro Chemicals Ltd

Methodology

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