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Fertilizers are used as the most important input after seeds as they help in increasing the agricultural production. Indian Fertilizer Market expenditure has risen over time due to land scarcity and increased interest in rural products.
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Summary The Indian fertilizer market was worth INR 4,675 Billion in 2017. Looking forward, the market is projected to reach INR 9,987 Billion by 2023, at a CAGR of around 13% during 2018-2023. Fertilizer use in India remains much lower than most of the developed and emerging countries around the world. The usage of fertilizers is also highly skewed, with wide inter-regional, inter-state and inter-district variations. Despite strong historical growth, fertilizer consumption in India remains highly skewed. There are currently a number of states in India which still have a very low penetration of fertilizers. This leaves a lot of room for future growth.
Market Segments – By Product Type Chemical Fertilizers Bio Fertilizers
Key Questions • How has the Indian fertilizer market performed so far and how will it perform in the coming years? • What is the breakup of the Indian fertilizer market on the basis of product type? • What is the breakup of the Indian fertilizer market on the basis of key segments? • What is the breakup of the Indian fertilizer market on the basis of formulation? • What is the breakup of the Indian fertilizer market on the basis of application? • What is the breakup of the Indian fertilizer market on the basis of region? • What are the various stages in the value chain of the Indian fertilizer market? • What are the key driving factors and challenges in the Indian fertilizer market?
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