India Urea Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 12.5 Billion |
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Market Size (2030) | USD 19.67 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 7.85 % |
|
|
Fastest Growing by Crop Type | Horticultural Crops |
|
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
India Urea Market Analysis
The India Urea Market size is estimated at 12.5 billion USD in 2024, and is expected to reach 19.67 billion USD by 2030, growing at a CAGR of 7.85% during the forecast period (2024-2030).
12.5 Billion
Market Size in 2024 (USD)
19.67 Billion
Market Size in 2030 (USD)
9.93 %
CAGR (2017-2023)
7.85 %
CAGR (2024-2030)
Largest Type
100 %
value share, Straight, 2023
Straight urea fertilizers are efficient in increasing nitrogen use efficiency in major crops by supplying only one nitrogen nutrient and reduces the nitrogen leaching
Largest Coating Type
75.63 %
value share, Polymer Coated, 2023
polymer Coated Urea dominating the market which is mainly due to the adoption of advaned technique in increasing nitrogen use efficiency with very less nutrient losses
Largest Crop Type
88.41 %
value share, Field Crops, 2023
Expanding cultivaiton areas under major filed crops like rice, wheat, and neccessity of increasing nitrogen use efficiency in these crops lead to higher urea consumption
Leading Market Player 1
4.49 %
market share, Indian Farmers Fertiliser Cooperative Limited, 2022
IFFCO is leading player with investing more in the Urea production and recently introduced nano urea, which are efficient in increasing farm productivity in sustainable manner
Leading Market Player 2
2.04 %
market share, Chambal Fertilizers & Chemicals Ltd, 2022
Chambal fertilizers occupying the second largest market share with its extensive distibution network, the company has 2200 dealers and 22,000 village level outlets
The rising consumption of urea in all crop types and increasing demand for highly efficient fertilizers are expected to boost the urea fertilizer market
- In India, field crops alone account for about 89.3% value share of the total urea fertilizer market and consumed about 89.7% of conventional urea fertilizers in 2022 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. Due to this, its market value is projected to register a CAGR of 7.8% between 2023 and 2030.
- Horticulture crops account for about 10.2% of the total urea fertilizer market, which was valued at USD 1.2 billion in 2022. India is the world's second-largest producer of fruits and vegetables, and the country ranks first in banana, mango, lemon, papaya, and okra. The rising demand for fruits and vegetables, coupled with the expansion of cultivation area, is anticipated to drive the growth of the market.
- 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 country's fertilizer use efficiency. The controlled-release fertilizers can improve fertilizer use efficiency and decrease fertilizer pollution, particularly in horticultural crops. These factors are anticipated to fuel the growth of control-release fertilizers in all crop segments in the coming years.
- The floriculture has been one of the growing industries in recent years. For instance, in 2020-21, the country exported 15.6 thousand metric tons of floriculture products for a total value of USD 7.8 million. The rising domestic and international demand for flowers is expected to increase the market value of turf and ornamental crops at 7.1% CAGR from 2023 to 2030.
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India Urea Market Trends
Manganese deficiency is a common problem in European countries, which most frequently affects sandy and organic soils with a pH above 6
- The area under field crop cultivation in the country increased by 3.5% during 2017-2022. The increased cultivation of cereals, pulses, and oilseeds in the country due to the rising consumer demand domestically and internationally is the major driving factor for the rising acreage.
- By crop type, rice, wheat, and soybean occupied the largest area under cultivation in the country, accounting for 47 million ha, 31.1 million ha, and 12.3 million ha in 2022. Rice is the most important food crop of India, covering about one-fourth of the total cropped area and providing food to about half of the Indian population. It is cultivated in almost all the states of the country, mainly in West Bengal, Uttar Pradesh, Andhra Pradesh, Punjab, and Tamil Nadu.
- Accordingly, rice consumption in the country increased from 95.8 million tons in 2016 to 107 million tons in 2022, which shows the rising demand for the crop in the country. This trend is further anticipated to drive the demand for fertilizers during 2023-2030. Similarly, wheat cultivation in the country increased from 98.5 million tons in 2017 to 107.6 million tons in 2020. It is cultivated majorly in Punjab, West Bengal, Haryana, and Rajasthan. Wheat is the second most important cereal crop in India and plays a vital role in the food and nutritional security of the country. Therefore, the intense cereal cultivation in the country, coupled with rising domestic and international demand, is anticipated to drive the Indian fertilizer market during 2023-2030.
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Among the primary nutrients, nitrogen is the most-applied nutrient in field crops.
- In 2022, the average application rate for primary nutrients stood at 125.1 kg/ha. Notably, nitrogen topped the list with an average application rate of 223.5 kg/ha. Given its significance as a primary nutrient, nitrogen plays a pivotal role in supporting high-yield crops like rice, which is extensively cultivated in the country. However, nutrient deficiencies, particularly in nitrogen, are hampering rice productivity nationwide. The soil health in India, as highlighted in the State of Biofertilizers and Organic Fertilizers report, is a cause for concern. It reveals a rising reliance on chemical fertilizers, with 97.0%, 83.0%, and 71.0% of tested soils showing deficiencies in nitrogen, phosphorous, and potassium, respectively.
- Among the major crops, wheat, rice, and corn/maize led the pack in nutrient application rates in 2022, averaging 231, 156, and 149 kg/ha, respectively. Wheat and rice, being staple foods both domestically and globally, face challenges due to multiple nutrient deficiencies. Apart from nitrogen, phosphorous, and potassium, these crops also require micronutrients like sulfur, boron, iron, and zinc for optimal growth. Effective nutrient management is crucial for boosting crop production, thereby fueling market growth.
- Field crops, especially grains and cereals, have a voracious appetite for primary nutrients, particularly nitrogen fertilizers. Given the extensive cultivation of these crops in India, the soil's nutrient content is rapidly depleting. Consequently, farmers are increasingly relying on fertilizers to bridge the gap, a trend projected to drive the market from 2023 to 2030.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The horticulture sector has witnessed a consistent expansion driven by the rising consumer appetite for fruits and vegetables
- More than half of India’s cultivated land now has access to assured irrigation
- Among the primary nutrients, nitrogen is used in larger amounts to aid in rapid vegetative growth and the production of fruits
India Urea Industry Overview
The India Urea Market is fragmented, with the top five companies occupying 12.02%. The major players in this market are Chambal Fertilizers & Chemicals Ltd, Indian Farmers Fertiliser Cooperative Limited, Mangalore Chemicals & Fertilizers Ltd., National Fertilizers Ltd and Yara International ASA (sorted alphabetically).
India Urea Market Leaders
Chambal Fertilizers & Chemicals Ltd
Indian Farmers Fertiliser Cooperative Limited
Mangalore Chemicals & Fertilizers Ltd.
National Fertilizers Ltd
Yara International ASA
Other important companies include Coromandel International Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Zuari Agro Chemicals Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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India Urea Market News
- November 2019: IFFCO Launches its Nano Technology based Products nano nitrogen, nano zinc and nano copper for on- field trials as part of its efforts to cut the requirement of chemical fertilisers and boost farmers' income.
- July 2017: The e-commerce division of IFFCO integrated with SBI YONO Krishi, a dedicated portal that caters to the needs of farmers. This partnership will provide hassle-free access to a wide range of agricultural products for lakhs of Indian farmers. The combination of the quality products of IFFCO and the easy payment portal of SBI YONO aims to boost digital sales in this segment.
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Along with the report, We also offer a comprehensive and exhaustive data pack with 25+ graphs on area under cultivation and average application rate per hectare. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.
India Urea Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Acreage Of Major Crop Types
2.1.1. Field Crops
2.1.2. Horticultural Crops
2.2. Average Nutrient Application Rates
2.2.1. Primary Nutrients
2.2.1.1. Field Crops
2.2.1.2. Horticultural Crops
2.3. Agricultural Land Equipped For Irrigation
2.4. Regulatory Framework
2.5. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Speciality Type
3.1.1. CRF
3.1.1.1. Polymer Coated
3.1.1.2. Polymer-Sulfur Coated
3.1.1.3. Others
3.1.2. Liquid Fertilizer
3.1.3. SRF
3.1.4. Water Soluble
3.2. Crop Type
3.2.1. Field Crops
3.2.2. Horticultural Crops
3.2.3. Turf & Ornamental
3.3. Form
3.3.1. Conventional
3.3.2. Speciality
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Chambal Fertilizers & Chemicals Ltd
4.4.2. Coromandel International Ltd.
4.4.3. Gujarat Narmada Valley Fertilizers & Chemicals Ltd
4.4.4. Indian Farmers Fertiliser Cooperative Limited
4.4.5. Mangalore Chemicals & Fertilizers Ltd.
4.4.6. National Fertilizers Ltd
4.4.7. Yara International ASA
4.4.8. Zuari Agro Chemicals Ltd
5. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- CULTIVATION OF FIELD CROPS IN HECTARE, INDIA, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, INDIA, 2017 - 2022
- Figure 3:
- CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, INDIA, 2022
- Figure 4:
- CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, INDIA, 2022
- Figure 5:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, INDIA, 2022
- Figure 6:
- NITROGENOUS FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 7:
- NITROGENOUS FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 8:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN METRIC TON, INDIA, 2017 - 2030
- Figure 9:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN USD, INDIA, 2017 - 2030
- Figure 10:
- FERTILIZER CONSUMPTION VOLUME BY SPECIALITY TYPE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 11:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 12:
- UNDEFINED FERTILIZER CONSUMPTION BY COATING TYPE IN METRIC TON, INDIA, 2017 - 2030
- Figure 13:
- UNDEFINED FERTILIZER CONSUMPTION BY COATING TYPE IN USD, INDIA, 2017 - 2030
- Figure 14:
- UNDEFINED FERTILIZER CONSUMPTION VOLUME BY COATING TYPE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 15:
- UNDEFINED FERTILIZER CONSUMPTION VALUE BY COATING TYPE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 16:
- POLYMER COATED POLYMER COATED FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 17:
- POLYMER COATED POLYMER COATED FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 18:
- POLYMER COATED POLYMER COATED FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 19:
- POLYMER-SULFUR COATED POLYMER-SULFUR COATED FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 20:
- POLYMER-SULFUR COATED POLYMER-SULFUR COATED FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 21:
- POLYMER-SULFUR COATED POLYMER-SULFUR COATED FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 22:
- OTHERS OTHERS FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 23:
- OTHERS OTHERS FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 24:
- OTHERS OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 25:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 26:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 27:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION BY CROP TYPE IN USD, INDIA, 2017 - 2030
- Figure 28:
- SRF FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 29:
- SRF FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 30:
- SRF FERTILIZER CONSUMPTION BY CROP TYPE IN USD, INDIA, 2017 - 2030
- Figure 31:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 32:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 33:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY CROP TYPE IN USD, INDIA, 2017 - 2030
- Figure 34:
- NITROGENOUS FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, INDIA, 2017 - 2030
- Figure 35:
- NITROGENOUS FERTILIZER CONSUMPTION BY CROP TYPE IN USD, INDIA, 2017 - 2030
- Figure 36:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 37:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 38:
- FIELD CROPS FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, INDIA, 2017 - 2030
- Figure 39:
- FIELD CROPS FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, INDIA, 2017 - 2030
- Figure 40:
- HORTICULTURAL CROPS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, INDIA, 2017 - 2030
- Figure 41:
- HORTICULTURAL CROPS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, INDIA, 2017 - 2030
- Figure 42:
- TURF & ORNAMENTAL FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, INDIA, 2017 - 2030
- Figure 43:
- TURF & ORNAMENTAL FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, INDIA, 2017 - 2030
- Figure 44:
- NITROGENOUS FERTILIZER CONSUMPTION BY FORM IN METRIC TON, INDIA, 2017 - 2030
- Figure 45:
- NITROGENOUS FERTILIZER CONSUMPTION BY FORM IN USD, INDIA, 2017 - 2030
- Figure 46:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY FORM IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 47:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY FORM IN %, INDIA, 2017 VS 2023 VS 2030
- Figure 48:
- CONVENTIONAL FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 49:
- CONVENTIONAL FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 50:
- CONVENTIONAL FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2022 VS 2030
- Figure 51:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 52:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 53:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2022 VS 2030
- Figure 54:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, INDIA, 2017 - 2030
- Figure 55:
- INDIA UREA MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 56:
- MARKET SHARE OF MAJOR PLAYERS IN %, INDIA, 2022
India Urea Industry Segmentation
CRF, Liquid Fertilizer, SRF, Water Soluble are covered as segments by Speciality Type. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Conventional, Speciality are covered as segments by Form.
- In India, field crops alone account for about 89.3% value share of the total urea fertilizer market and consumed about 89.7% of conventional urea fertilizers in 2022 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. Due to this, its market value is projected to register a CAGR of 7.8% between 2023 and 2030.
- Horticulture crops account for about 10.2% of the total urea fertilizer market, which was valued at USD 1.2 billion in 2022. India is the world's second-largest producer of fruits and vegetables, and the country ranks first in banana, mango, lemon, papaya, and okra. The rising demand for fruits and vegetables, coupled with the expansion of cultivation area, is anticipated to drive the growth of the market.
- 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 country's fertilizer use efficiency. The controlled-release fertilizers can improve fertilizer use efficiency and decrease fertilizer pollution, particularly in horticultural crops. These factors are anticipated to fuel the growth of control-release fertilizers in all crop segments in the coming years.
- The floriculture has been one of the growing industries in recent years. For instance, in 2020-21, the country exported 15.6 thousand metric tons of floriculture products for a total value of USD 7.8 million. The rising domestic and international demand for flowers is expected to increase the market value of turf and ornamental crops at 7.1% CAGR from 2023 to 2030.
| Speciality Type | |||||
| |||||
| Liquid Fertilizer | |||||
| SRF | |||||
| Water Soluble |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
| Form | |
| Conventional | |
| Speciality |
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Market Definition
- MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
- NUTRIENT TYPES COVERED - Urea: Conventional Fertilizer, Controlled-release Urea Fertilizers, and Slow-Release Urea Fertilizer
- AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
- CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, and Fiber Crops Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
| Keyword | Definition |
|---|---|
| Fertilizer | Chemical substance applied to crops to ensure nutritional requirements, available in various forms such as granules, powders, liquid, water soluble, etc. |
| Specialty Fertilizer | Used for enhanced efficiency and nutrient availability applied through soil, foliar, and fertigation. Includes CRF, SRF, liquid fertilizer, and water soluble fertilizers. |
| Controlled-Release Fertilizers (CRF) | Coated with materials such as polymer, polymer-sulfur, and other materials such as resins to ensure nutrient availability to the crop for its entire life cycle. |
| Slow-Release Fertilizers (SRF) | Coated with materials such as sulfur, neem, etc., to ensure nutrient availability to the crop for a longer period. |
| Foliar Fertilizers | Consist of both liquid and water soluble fertilizers applied through foliar application. |
| Water-Soluble Fertilizers | Available in various forms including liquid, powder, etc., used in foliar and fertigation mode of fertilizer application. |
| Fertigation | Fertilizers applied through different irrigation systems such as drip irrigation, micro irrigation, sprinkler irrigation, etc. |
| Anhydrous Ammonia | Used as fertilizer, directly injected into the soil, available in gaseous liquid form. |
| Single Super Phosphate (SSP) | Phosphorus fertilizer containing only phosphorus which has lesser than or equal to 35%. |
| Triple Super Phosphate (TSP) | Phosphorus fertilizer containing only phosphorus greater than 35%. |
| Enhanced Efficiency Fertilizers | Fertilizers coated or treated with additional layers of various ingredients to make it more efficient compared to other fertilizers. |
| Conventional Fertilizer | Fertilizers applied to crops through traditional methods including broadcasting, row placement, ploughing soil placement, etc. |
| Chelated Micronutrients | Micronutrient fertilizers coated with chelating agents such as EDTA, EDDHA, DTPA, HEDTA, etc. |
| Liquid Fertilizers | Available in liquid form, majorly used for application of fertilizers to crops through foliar and fertigation. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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