인도의 특수 비료 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

Liquid fertilizers accounted for 47.9% of the India specialty fertilizers market size in 2025, driven by the rapid expansion of drip and sprinkler acreage under national irrigation programs. Controlled-release grades are forecast to grow at a 11.6% CAGR through 2031 as domestic bio-polymers lower costs and carbon-credit markets reward longer nutrient availability.

According to Mordor Intelligence, the India specialty fertilizers market size is estimated at USD 0.61 billion in 2025 and is projected to reach USD 0.66 billion in 2026. This report is Segmented by Speciality Type (CRF, Liquid Fertilizer, SRF, and Water Soluble), by Application Mode (Fertigation, Foliar, and Soil), and by Crop Type (Field Crops, Horticultural Crops, and Turf and Ornamental). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

India Specialty Fertilizers Market Trends and Insights

Subsidy Realignment Toward Nutrient Use Efficiency Products

The PM-PRANAM scheme enables states to retain 50% of the subsidy savings for nutrient-efficient infrastructure, resulting in a 15.14 lakh metric ton reduction in conventional fertilizer use during 2023-24 . Funds are now shifting toward nano-urea, water-soluble, and controlled-release grades that enhance nutrient recovery in wheat and rice belts, where over-application once exceeded agronomic norms by up to 30%. Cooperative majors bundle nano-urea with traditional blends, ensuring farmer familiarity while accessing performance-linked incentives. The National Mission on Natural Farming, backed by INR 2,481 crore (approximately USD 299 million), increases demand for organic-mineral hybrids that qualify for additional state credits. Early adopters in Punjab and Haryana report per-hectare cost savings of 10-15%, validating the policy's premise. The new subsidy logic rewards efficacy rather than volume and widens premium pricing corridors for the India specialty fertilizer market.

Surge in Micro-Irrigation Acreage and Fertigation Retrofits

Government outlays of INR 21,968.75 crore (approximately USD 2.65 billion) under the Pradhan Mantri Krishi Sinchayee Yojana expanded micro-irrigation to 95.58 lakh hectares by March 2024 . Liquid and fully soluble NPK blends integrate seamlessly with drip and sprinkler systems, enabling split dosing that aligns with crop phenology. Maharashtra and Gujarat cover up to 75% of irrigation capital costs for smallholders, accelerating liquid demand. Coromandel International expanded water-soluble capacity by 30% at Kakinada to service this captive base. Retrofitting flood fields with fertigation modules in Rajasthan and Karnataka addresses groundwater stress and prolongs equipment life to 15-20 years, effectively locking in specialty fertilizer consumption over the asset cycle.

Volatility in Imported MOP and MAP Prices

India imported 4.4 million metric tons of muriate of potash in 2024, at values ranging from USD 350 to USD 480 per metric ton, as the supply from Belarus and Russia tightened . Mono-ammonium phosphate averaged USD 520-680, eroding distributor margins because Nutrient-Based Subsidy reimbursements adjust quarterly. Coastal markets tend to experience sharper shocks than inland urea hubs. A lack of a potash reserve amplifies exposure, while diversification toward Canada and Israel incurs freight premiums of USD 30-50 per metric ton.

Other drivers and restraints analyzed in the detailed report include:

1. Crop Diversification Programs in Eastern States
2. Industry Partnerships with Ag-Tech Soil Sensors
3. Slow Registration of Novel Additives by FCO

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Slow-release products that rely on urea-formaldehyde chemistries face regulatory scrutiny due to formaldehyde leaching, prompting a shift toward methylene urea formulations. Water-soluble grades thrive in greenhouse belts for grapes and cut flowers.Polymer-coated urea has received provisional clearance under the Fertilizer Control Order until June 2025, allowing for scale-up while permanent testing protocols are being developed. Sulfur-polymer shells meet dual nutrient needs in oilseed heartlands of Madhya Pradesh. Indigenous starch-lignin coatings pilot in tea and coffee estates, addressing microplastic concerns and aligning with national efforts to curb single-use plastics. Cooperative plants running captive liquid lines near urea units lock in conversion margins, reinforcing a two-track specialty landscape.

Complete Report Scope:

• Speciality Type
  • CRF
    • Polymer Coated
    • Polymer-Sulfur Coated
    • Others
  • Liquid Fertilizer
  • SRF
  • Water Soluble
• Application Mode
  • Fertigation
  • Foliar
  • Soil
• Crop Type
  • Field Crops
  • Horticultural Crops
  • Turf and Ornamental

List of Companies Covered in this Report:

1. Indian Farmers Fertiliser Cooperative Limited
2. Coromandel International Limited
3. Deepak Fertilizers and Petrochemicals Corporation Limited
4. Yara International ASA
5. ICL Group Ltd.
6. Chambal Fertilizers and Chemicals Limited
7. Mangalore Chemicals and Fertilizers Limited
8. Grupa Azoty S.A. (Compo Expert)
9. Sociedad Quimica y Minera de Chile S.A.
10. Nutrien Ltd.
11. K+S Aktiengesellschaft
12. Gujarat State Fertilizers and Chemicals Limited
13. Rashtriya Chemicals and Fertilizers Limited
14. Tata Chemicals Limited
15. EuroChem Group AG

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study
• 1.3 Research Methodology

2 REPORT OFFERS

3 EXECUTIVE SUMMARY AND KEY FINDINGS

4 KEY INDUSTRY TRENDS

• 4.1 Acreage of Major Crop Types
  • 4.1.1 Field Crops
  • 4.1.2 Horticultural Crops
• 4.2 Average Nutrient Application Rates
  • 4.2.1 Micronutrients
    • 4.2.1.1 Field Crops
    • 4.2.1.2 Horticultural Crops
  • 4.2.2 Primary Nutrients
    • 4.2.2.1 Field Crops
    • 4.2.2.2 Horticultural Crops
  • 4.2.3 Secondary Macronutrients
    • 4.2.3.1 Field Crops
    • 4.2.3.2 Horticultural Crops
• 4.3 Agricultural Land Equipped For Irrigation
• 4.4 Regulatory Framework
• 4.5 Value Chain and Distribution Channel Analysis
• 4.6 Market Drivers
  • 4.6.1 Subsidy realignment toward nutrient-use-efficiency products
  • 4.6.2 Surge in micro-irrigation acreage and fertigation retrofits
  • 4.6.3 Crop diversification programs in eastern states
  • 4.6.4 Industry partnerships with ag-tech soil sensors
  • 4.6.5 Carbon-credit premiums for enhanced-efficiency fertilizers
  • 4.6.6 Indigenous bio-polymer coating technology lowering cost
• 4.7 Market Restraints
  • 4.7.1 Volatility in imported MOP and MAP prices
  • 4.7.2 Slow registration of novel additives by FCO
  • 4.7.3 Smallholder reluctance without proven yield data
  • 4.7.4 Liquid bulk logistics gaps at inland depots

5 MARKET SEGMENTATION (VALUE AND VOLUME)

• 5.1 Speciality Type
  • 5.1.1 CRF
    • 5.1.1.1 Polymer Coated
    • 5.1.1.2 Polymer-Sulfur Coated
    • 5.1.1.3 Others
  • 5.1.2 Liquid Fertilizer
  • 5.1.3 SRF
  • 5.1.4 Water Soluble
• 5.2 Application Mode
  • 5.2.1 Fertigation
  • 5.2.2 Foliar
  • 5.2.3 Soil
• 5.3 Crop Type
  • 5.3.1 Field Crops
  • 5.3.2 Horticultural Crops
  • 5.3.3 Turf and Ornamental

6 COMPETITIVE LANDSCAPE

• 6.1 Key Strategic Moves
• 6.2 Market Share Analysis
• 6.3 Company Landscape
• 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
  • 6.4.1 Indian Farmers Fertiliser Cooperative Limited
  • 6.4.2 Coromandel International Limited
  • 6.4.3 Deepak Fertilizers and Petrochemicals Corporation Limited
  • 6.4.4 Yara International ASA
  • 6.4.5 ICL Group Ltd.
  • 6.4.6 Chambal Fertilizers and Chemicals Limited
  • 6.4.7 Mangalore Chemicals and Fertilizers Limited
  • 6.4.8 Grupa Azoty S.A. (Compo Expert)
  • 6.4.9 Sociedad Quimica y Minera de Chile S.A.
  • 6.4.10 Nutrien Ltd.
  • 6.4.11 K+S Aktiengesellschaft
  • 6.4.12 Gujarat State Fertilizers and Chemicals Limited
  • 6.4.13 Rashtriya Chemicals and Fertilizers Limited
  • 6.4.14 Tata Chemicals Limited
  • 6.4.15 EuroChem Group AG

7 KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS