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India Urea Market Size

The India Urea Market is projected to experience significant growth over the forecast period, driven by the predominant use of urea in field crops, which constitutes a major portion of the market share. The increasing adoption of specialty urea fertilizers in field crops due to their efficiency is expected to contribute to the market's expansion. Additionally, the horticulture sector, bolstered by India's status as a leading producer of various fruits and vegetables, is anticipated to further drive market growth. The need for improved fertilizer use efficiency and the rising demand for controlled-release fertilizers are also key factors influencing the market's development. Furthermore, the floriculture industry is emerging as a growth area, with increasing domestic and international demand for floral products.

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Market Size of india urea Industry

India Urea Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 12.5 Billion
svg icon Market Size (2030) USD 19.67 Billion
svg icon Largest Share by Crop Type Field Crops
svg icon CAGR (2024 - 2030) 7.85 %
svg icon Fastest Growing by Crop Type Horticultural Crops
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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

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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.
India Urea Market

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
CRF
Polymer Coated
Polymer-Sulfur Coated
Others
Liquid Fertilizer
SRF
Water Soluble
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental
Form
Conventional
Speciality
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India Urea Market Size Summary

The India Urea Market is poised for significant growth, driven by the extensive use of urea fertilizers in field crops, which dominate the market due to their cost-effectiveness and availability. The increasing adoption of specialty urea fertilizers is expected to enhance efficiency in crop production. The horticulture sector, bolstered by India's status as a leading producer of fruits and vegetables, is also contributing to market expansion. The demand for controlled-release fertilizers is anticipated to rise, addressing the need for improved fertilizer use efficiency and reduced pollution, particularly in horticultural crops. The floriculture industry is experiencing growth, with rising domestic and international demand for flowers, further boosting the market for turf and ornamental crops.

The cultivation of staple crops like rice, wheat, and soybean is a major driver of the urea market in India, supported by the rising demand for these crops both domestically and internationally. The extensive use of nitrogen fertilizers is crucial for supporting high-yield crops, although nutrient deficiencies remain a challenge. The fragmented market is characterized by the presence of key players such as Chambal Fertilizers & Chemicals Ltd, Indian Farmers Fertiliser Cooperative Limited, and others. Innovations like IFFCO's nano-technology-based products and partnerships to enhance digital sales are indicative of the industry's efforts to adapt and grow. The increasing reliance on fertilizers to maintain soil nutrient levels is expected to sustain market growth in the coming years.

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India Urea Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Speciality Type

      1. 1.1.1 CRF

        1. 1.1.1.1 Polymer Coated

        2. 1.1.1.2 Polymer-Sulfur Coated

        3. 1.1.1.3 Others

      2. 1.1.2 Liquid Fertilizer

      3. 1.1.3 SRF

      4. 1.1.4 Water Soluble

    2. 1.2 Crop Type

      1. 1.2.1 Field Crops

      2. 1.2.2 Horticultural Crops

      3. 1.2.3 Turf & Ornamental

    3. 1.3 Form

      1. 1.3.1 Conventional

      2. 1.3.2 Speciality

India Urea Market Size FAQs

The India Urea Market size is expected to reach USD 12.50 billion in 2024 and grow at a CAGR of 7.85% to reach USD 19.67 billion by 2030.

In 2024, the India Urea Market size is expected to reach USD 12.50 billion.

India Urea Market Report Snapshots

India Urea Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030