INDIA SPECIALTY FERTILIZER MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The market for speciality fertilisers in India is anticipated to grow at a 6.97% CAGR. Despite a notable 52.9% growth in consumption over the course of the study, the market value for controlled-release fertilisers in India has decreased. This is mostly due to the Indian government's requirement that all domestic urea companies create 100% neem-coated urea and provide it to farmers at a reduced cost.

In India, the speciality fertilisers market accounted for 41.9% of liquid fertilisers in 2021. The largest portion of the liquid fertiliser market, or 69.2%, was made up of straight fertilisers. 

In 2021, the value of the speciality fertiliser market for slow-release fertilisers was 1.7% of the total. Field crops and horticultural crops accounted for 75.8% and 24.1% of the market volume for slow-release fertilisers in 2021, respectively. The country's intense field crop and horticultural crop production is expected to fuel the slow-release fertiliser market.
Water-soluble fertilisers held 54.3% of the market share in India's specialty fertilisers industry in 2021. In this nation, fundamental nutrients are applied mostly using water-soluble fertilisers. Water-soluble fertilisers make up about 78.5% of primary nutrients, and in 2021, they made up 5.6% and 3.8% of secondary macronutrients and micronutrients, respectively.
 
Major Players:  Coromandel International Ltd., Deepak fertilizers & Petrochemicals Corporation Ltd, Indian Farmers Fertiliser Cooperative Limited, Mangalore Chemicals & Fertilizers Ltd. and Yara India Ltd.

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