India Fertilizers Market Size, Share & Industry Analysis, By Fertilizer Category (Chemical Fertilizers [Nitrogenous Fertilizers {Urea, Ammonium Sulphate, and Calcium Ammonium Nitrate}, Phosphatic Fertilizers {DAP and SSP}, Potassic Fertilizers {Muriate of Potash}, and Complex Fertilizers {NPK}], and Organic Fertilizers {Farmyard Manure, Compost, and Vermicompost}), By Crop Type (Cereal & Grain Crops, Oilseeds & Pulses, Fruits & Vegetables, and Plantation Crops), By Application Method (Soil Application, Foliar Application, Fertigation, and Seed Treatment), and Country Forecast, 2026-2034

The India fertilizers market size was valued at USD 18.44 billion in 2025. The market is projected to grow from USD 19.40 billion in 2026 to USD 31.46 billion by 2034, exhibiting a CAGR of 6.23% during the forecast period.

Fertilizers are mineral, chemical, organic, biological, or technologically enhanced nutrient products used to improve soil fertility, correct crop-nutrient deficiencies, and support agricultural crop productivity. The commercial market includes straight fertilizers such as urea, diammonium phosphate, muriate of potash, and single superphosphate, complex and blended NPK fertilizers, secondary macronutrients, micronutrients, water-soluble fertilizers, and organic fertilizers. Improving fertilizer-use efficiency is becoming a key priority in the Indian market, supported by balanced nutrient management, soil testing, nano fertilizers, fertigation, and precision farming practices.

Production, distribution, and product development are supported by major participants such as Indian Farmers Fertilizer Cooperative Limited, Coromandel International Limited, Chambal Fertilizers and Chemicals Limited, and Paradeep Phosphates Limited. Controlled-release fertilizers are gaining importance in the Indian market by improving nutrient-use efficiency, reducing leaching losses, and supplying crops with nutrients gradually over an extended period. In the long term, controlled-release fertilizers are expected to strengthen the market by improving nutrient-use efficiency, reducing application frequency, and minimizing nutrient losses.

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INDIA FERTILIZERS MARKET TRENDS

Increasing Adoption of Specialty Fertilizers Reshapes Product Demand

The Indian fertilizer market is gradually moving beyond high-volume conventional fertilizers toward products designed for specific crops, soil conditions, nutrient deficiencies, and application methods. Specialty fertilizers include water-soluble grades, liquid and foliar formulations, fortified and customized nutrient combinations, nano fertilizers, micronutrient mixtures, and controlled- or slow-release products. Their adoption is being supported by the expansion of horticulture, micro-irrigation, protected cultivation, soil testing, and the growing emphasis on nutrient-use efficiency. Instead of following a uniform fertilizer program, farmers cultivating fruits, vegetables, and other high-value crops are increasingly selecting formulations according to crop-development stage, local soil conditions, and irrigation systems.

• In March 2026, ICL Group Ltd. opened a water-soluble specialty fertilizer manufacturing facility in Maharashtra, demonstrating the growing commercial importance of localized specialty fertilizer production in India. The facility covers approximately seven acres, or 28,000 square meters, and replicates the company’s specialty fertilizer production model used in Israel.

MARKET DYNAMICS

MARKET DRIVERS

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Government Fertilizer Subsidies and Farmer Support Programs Positively Influence Fertilizer Consumption

The India fertilizers market growth is supported by an extensive government intervention system. Urea is supplied at a statutorily controlled farmer price, while phosphatic and potassic fertilizers receive support under the Nutrient Based Subsidy scheme. The policy protects fertilizer affordability when international fertilizer, natural gas, ammonia, phosphoric acid, sulphur, phosphate rock, and logistics and production costs rise.

In parallel, 248.4 million Soil Health Cards had been generated by March 2025, providing farmers with information on nitrogen-based fertilizers, phosphorus, potassium, sulphur, micronutrients and organic carbon. These initiatives support regular fertilizer consumption while gradually directing demand toward soil-specific and more balanced nutrient combinations.

• In the Union Budget 2026-27, the Department of Fertilizers under the Ministry of Chemicals and Fertilizers received a net allocation of approximately USD 17.76 billion. This included approximately USD 12.13 billion for the urea subsidy and USD 5.61 billion under the Nutrient-Based Subsidy scheme for phosphatic and potassic fertilizers.

MARKET RESTRAINTS

High Dependence on Imported Raw Materials and Finished Fertilizers to Restrain Market Growth

India’s fertilizer industry remains exposed to overseas supply as the country has limited commercially viable reserves of potash and phosphate-bearing minerals. Although domestic urea and complex-fertilizer capacity has expanded, India continues to import substantial quantities of finished di-ammonium phosphate, Muriate of Potash, and urea, along with critical inputs such as rock phosphate, phosphoric acid, ammonia, and sulphur. The Government of India reported that 100% of India’s conventional Muriate of Potash requirement is met through imports, as the country lacks commercially viable potash reserves.

This dependence exposes the market to fluctuations in international prices, foreign-exchange rates, freight costs, export restrictions, and geopolitical disruptions. During Rabi 2024-25, di-ammonium phosphate supplies were affected by lower exports from major supplying countries and disruption along the Red Sea trade route. Vessels carrying phosphoric acid and other fertilizer inputs were diverted around the Cape of Good Hope, increasing voyage duration and logistics costs.

• According to the Press Information Bureau (PIB), India’s Di-Ammonium Phosphate imports from China decreased from approximately 2.46 million U.S. short tons in 2023-24 to approximately 0.93 million U.S. short tons in 2024-25. The decline illustrates the supply risk created when India depends heavily on a limited group of exporting countries.

MARKET OPPORTUNITIES

Expansion of Biogas and Compressed Biogas Plants Creates Opportunities for Fermented Organic Manure Production

The expansion of biogas and compressed biogas plants is creating an organized feedstock and production base for fermented organic manure, liquid fermented organic manure, and phosphate-rich organic manure. These plants process cattle dung, agricultural residues, municipal biodegradable waste, and other biomass to produce biogas or compressed biogas. The digestion process also produces nutrient-containing bio slurry, which can be treated, standardized, and marketed as an organic fertilizer. This creates an additional revenue stream for plant operators while addressing the requirement for organic matter and carbon restoration in agricultural soils. The opportunity is further supported by the rapid commercialization of organic fertilizers generated from biogas and compressed biogas plants.

• According to the Department of Fertilizers under the Ministry of Chemicals and Fertilizers, combined sales of fermented organic manure, liquid fermented organic manure, and phosphate-rich organic manure increased from 56,058.62 metric tons in 2023-24 to 336,291.30 metric tons in 2024-25.

Segmentation Analysis

By Fertilizer Category

Chemical Fertilizers Dominated as Established Crop-Nutrition Practices Sustained Large-Volume Consumption

Based on fertilizer category, the market is bifurcated into chemical fertilizers and organic fertilizers.

The chemical fertilizers segment dominated the India fertilizers market share and was valued at USD 18.06 billion in 2025, expanding at a CAGR of 6.04% during 2026-2034. Their leadership is supported by high nutrient concentration, predictable crop response, widespread farmer familiarity, established manufacturing and import infrastructure, and extensive availability through cooperative and private dealer networks. Within chemical fertilizers, phosphatic fertilizers formed the largest sub-segment, valued at USD 5.00 billion in 2025, led by diammonium phosphate, which accounted for USD 4.25 billion.

The organic fertilizers segment was valued at USD 0.38 billion in 2025 and is projected to register the fastest CAGR of 12.82% from 2026 to 2034.

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By Crop Type

Cereals and Grains Segment Dominated as Large Rice and Wheat Acreage Sustained Repeated Nutrient Requirements

Based on crop type, the market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, plantation and commercial crops, and others.

The cereals and grains segment dominated the market and was valued at USD 8.65 billion in 2025, expanding at a CAGR of 5.36% during 2026-2034. The segment’s leadership is supported by the extensive cultivation of rice, wheat, maize, millets, and other staple crops, which require substantial basal and top-dressing fertilizer applications. Nitrogenous fertilizers account for a major part of cereal nutrient programs, while phosphatic, potassic, sulphur, and zinc fertilizers support root development, grain formation, and crop quality.

The fruits and vegetables segment was valued at USD 2.90 billion in 2025 and is projected to register the fastest CAGR of 7.65% in the India fertilizer market forecast period.

By Application Method

Soil Application Segment Led the Market Due to its Compatibility with Conventional Methods

Based on application method, the market is segmented into soil application, foliar application, fertigation, seed treatment, and others.

The soil application segment dominated the market and was valued at USD 17.36 billion in 2025, expanding at a CAGR of 6.01% from 2026 to 2034. Its leadership reflects the large quantities of urea, DAP, NPK complexes, SSP, MOP, organic fertilizers, and soil amendments applied before sowing or during crop development. The method remains widely used as it is compatible with conventional broadcasting, placement, top dressing, and mechanized fertilizer application.

The fertigation segment was valued at USD 0.40 billion and is projected to record the fastest CAGR of 9.82% during the forecast period.

India Fertilizers Market Country Outlook

By country, the market is studied into North India, Northeast India, South India, West India, East India, and Central India.

North India

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North India dominated the market and was valued at USD 6.18 billion in 2025, expanding at a CAGR of 5.09% during 2026–2034. The region’s leadership is supported by intensive cultivation of wheat, rice, sugarcane, cotton, mustard, potatoes, and other field and horticultural crops across Uttar Pradesh, Punjab, Haryana, Rajasthan, and neighboring states.

Northeast India

Northeast India was estimated to be the smallest regional market, valued at USD 0.21 billion in 2025; however, it is projected to register the fastest CAGR of 8.18% during the forecast period. Growth in the Northeast is expected to be supported by improving input distribution, horticultural development, greater adoption of balanced fertilization, and an increasing shift from low-input farming toward commercially managed crop production.

COMPETITIVE LANDSCAPE

Key Industry Players

Companies Focus on Expanding Manufacturing Capacity, Balanced Nutrients, and Rural Distribution Networks to Strengthen Market Position

The Indian fertilizers market includes farmer cooperatives, public-sector manufacturers, private fertilizer companies, importers, specialty-nutrient suppliers, organic-fertilizer manufacturers, bio-input companies, and regional blenders. The prominent participants in the market, including Indian Farmers Fertiliser Cooperative Limited, Coromandel International Limited, Chambal Fertilisers and Chemicals Limited, and Paradeep Phosphates Limited, are primarily adopting new product development and business-based expansion strategies. These initiatives are intended to broaden product portfolios, strengthen distribution coverage, and improve their presence across major agricultural regions. Improving the productivity and nutrient quality of arable land is supporting fertilizer trade in the market, as farmers increasingly adopt balanced nutrients, soil conditioners, and precision application practices.

LIST OF KEY INDIA FERTILIZERS COMPANIES PROFILED

• Chambal Fertilisers and Chemicals Limited (India)
• Coromandel International Limited (India)
• Deepak Fertilisers and Petrochemicals Corporation Limited (India)
• Gujarat State Fertilizers & Chemicals Limited (India)
• Indian Farmers Fertiliser Cooperative Limited (India)
• Krishak Bharati Cooperative Limited (India)
• National Fertilizers Limited (India)
• Paradeep Phosphates Limited (India)
• Rashtriya Chemicals and Fertilizers Limited (India)
• UPL Limited (India)

KEY INDUSTRY DEVELOPMENTS

• May 2026: The university developed a cost-effective organic fertilizer using cow dung, cow urine, beneficial microorganisms, enzyme extraction, and biopolymer technology.
• April 2026: A Gujarat farmer produced industrial-scale organic fertilizer, Ghanjeevamrut, to meet rising demand for natural-farming inputs. His unit produces approximately 40,000 kg, or 1,000 bags, per day, with plans to double daily capacity.
• December 2025: Krishak Bharati Cooperative Limited received the Biofertilisers/Organic Fertilisers/City Compost Award 2025 at the Fertiliser Association of India Annual Seminar 2025.
• October 2025: The company completed the merger of Mangalore Chemicals & Fertilizers Limited. The transaction increased its combined fertilizer capacity by more than 23% to approximately 3.70 million metric tons annually.
• February 2025: Rashtriya Chemicals and Fertilizers Limited commenced commercial production at its Nano Urea plant at the Trombay unit. The facility has a production capacity of 75 kiloliters per day.

REPORT COVERAGE

The India fertilizers industry report analyzes the market in depth and highlights crucial aspects. These aspects include market trends, market dynamics, supply chains, prominent companies, investment in research and development, and end-uses. Besides this, the report also provides insights into the market analysis and highlights significant industry developments.

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Report Scope & Segmentation