The India phosphatic fertilizer market size reached USD 2.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.7 Billion by 2033, exhibiting a growth rate (CAGR) of 6.24% during 2025-2033. The market is driven by increasing agricultural demand, government subsidies, rising population, and shrinking arable land. Technological advancements, soil nutrient management, and the promotion of sustainable farming practices further contribute to market growth. Additionally, import dependency and fluctuating raw material prices also influence market dynamics.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 2.1 Billion |
Market Forecast in 2033 | USD 3.7 Billion |
Market Growth Rate 2025-2033 | 6.24% |
Government Policy Support and Subsidy Programs
Government policies significantly shape the Indian phosphatic fertilizer market. Subsidy programs under schemes like the Nutrient-Based Subsidy (NBS) ensure affordable fertilizer prices for farmers. For instance, in March 2025, the Union Cabinet approved a ₹37,216 crore subsidy for phosphatic and potassic (P&K) fertilizers for the Kharif 2025 season (April to September). This decision ensures affordable fertilizer prices for farmers under the Nutrient-Based Subsidy (NBS) scheme. The subsidy is ₹13,000 crore higher than the previous Rabi season. The government aims to maintain stable prices for Di-ammonium Phosphate (DAP) and reduce the impact of fluctuating international fertilizer prices. Additionally, 28 grades of P&K fertilizers will be available at subsidized rates. Additionally, policy reforms promoting balanced nutrient application and soil health management have further enhanced the consumption of phosphatic fertilizers. Additionally, the government's emphasis on reducing import dependency by encouraging domestic production has spurred investments in fertilizer manufacturing plants. Recent initiatives to develop integrated nutrient management systems have also contributed to market expansion. Strengthening public-private partnerships and increased financial assistance to manufacturers ensure market stability. Through these policies, the government aims to achieve food security and improve agricultural productivity, driving steady growth in the phosphatic fertilizer sector.
Rising Demand for Specialty and Customized Fertilizers
The demand for specialty and customized fertilizers, including water-soluble and slow-release phosphatic fertilizers, is rapidly growing in India. These fertilizers are designed to meet the distinct needs of various crops and regional soil conditions, enhancing nutrient absorption and boosting productivity. Agribusiness companies are increasingly investing in research and development to create innovative formulations tailored to diverse farming landscapes. The rise of horticulture and floriculture industries has further fueled the need for premium fertilizers. Additionally, India is securing raw materials through long-term agreements, such as the recent deal with Mauritania for importing rock phosphate, which are essential components of specialty and customized blends tailored for different crop needs. With a fertilizer demand of 43.5 million tonnes annually, the government has committed ₹1.64 trillion in subsidies to ensure price stability, support innovation, and maintain agricultural productivity.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, solubility, form, source, and application.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes mono ammonium phosphate (MAP), diammonium phosphate (DAP), superphosphate, and others.
Solubility Insights:
A detailed breakup and analysis of the market based on the solubility have also been provided in the report. This includes water-soluble, citric acid soluble, water and citric acid insoluble, and others.
Form Insights:
A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes granular, powder, and solution.
Source Insights:
A detailed breakup and analysis of the market based on the source have also been provided in the report. This includes domestic and import.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes cereals and grains, oilseeds, fruits and vegetables, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North, South, East, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Mono Ammonium Phosphate (MAP), Diammonium Phosphate (DAP), Superphosphate, Others |
Solubilities Covered | Water-Soluble, Citric Acid Soluble, Water, Citric Acid Insoluble, Others |
Forms Covered | Granular, Powder, Solution |
Sources Covered | Domestic, Import |
Applications Covered | Cereals, Grains, Oilseeds, Fruits, Vegetables, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |