India Complex Fertilizer Market Competition, Market Value, Market Growth Analysis - Ken Research

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India Complex Fertilizer Market Research Report
Ken Research
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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 FY2012-FY2017 from USD million in
FY2012 to USD million in FY2017.
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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
FY2013-FY2014, 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 FY2017.
Consumption of complex fertilizers declined at a
CAGR of during the period FY2012-FY2017,
whereas, production grew marginally at a CAGR of
during FY2012-FY2017. 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 FY2017. 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.
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By Product Type Complex fertilizers comprising
of three primary nutrients (nitrogen, phosphorous
and potassium) accounted for market share in
FY2017. On the other hand, complex fertilizers
comprising of two nutrients accounted for
market share in FY2017. 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 FY2017,
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 FY2017. In terms of complex fertilizer
production, the top 5 players accounted for about
of market share as of FY2017. There are about
13 companies (3 public, 1 cooperative and 9
private companies) engaged in the production of
complex fertilizer in India.
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Coromandel international was the market leader
and comprised for market share in FY2017, in
terms of revenue. The company produced around
million MT of complex fertilizers during FY2017.
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 FY2017. 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 FY2017-FY2022, rising from million MT
in FY2017 to million MT by FY2022.
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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
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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- https//www.kenresearch.com/agriculture-and
-animal-care/crop-protection/india-complex-fertili
zer-market/143968-104.html   Related Reports by
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Irrigation Market Outlook to 2020 - Growing Water
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to Stimulate Growth
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Contact Us Ken ResearchAnkur Gupta, Head
Marketing CommunicationsSales_at_kenresearch.com
91-124 423 0204
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