India Fertilizer Market Share, Size, Growth & Analysis (2022-27)

 

Market Overview:

The CAGR for the Indian fertilizer market is anticipated to be 11.9% from 2022 to 2027.

Due to the national government’s exemption of this industry from the lockdown regulations, the COVID-19 pandemic has had little effect on the Indian fertilizer market. However, the industry struggled because of a labor and raw material shortage, which had an impact on shipments during the initial lockdown. The Indian government took action to guarantee farmers had access to fertilizers throughout the lockdown, which led to an increase in fertilizer sales. India consumes more than 55 million tons of fertilizer annually, making it the second-largest consumer in the world.

Scope of the Report:

According to product (nitrogenous fertilizers, phosphatic fertilizers, potash fertilizers, complex fertilizers, secondary nutrient fertilizers, and micronutrient fertilizers) and application, the Indian fertilizer market report is divided into different categories (grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and other applications). The market sizing and forecasting for each segment have been done using value (USD million).

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