1. India Complex Fertilizer Market Research Report: Ken Research

2. The market research report titled “India Complex (NPK) Fertilizer Market Outlook to 2022 – Expected Manufacturing Capacity Expansion by Domestic Manufacturers in Next 5 Years” provides a comprehensive analysis of the complex fertilizer market in India. The report covers aspects such as complex fertilizer market by its key segments including market size, consumption of complex fertilizers by product form, product type, application by crops, and by grades. The publication also includes detailed analysis of complex fertilizer market, trade scenario, competitive landscape, detailed profiles on major players and trend and developments. Future analysis of India complex fertilizer market with estimated production and consumption projections has also been discussed along with analyst recommendations.India Complex (NPK) Fertilizer Market Outlook to 2022 – Expected Manufacturing Capacity Expansion by Domestic Manufacturers in Next 5 Years India Complex Fertilizer Market The agriculture and fertilizer sector in India is highly dependent on monsoons. India has limited amount of rock phosphate of low grade which can only be utilized for production of SSP. The fertilizer industry is highly regulated and monitored by the Government of India. The complex fertilizer market declined at a CAGR of ~% during the period FY’2012- FY’2017 from USD ~ million in FY’2012 to USD ~ million in FY’2017.

3. This was majorly due to decontrol of fertilizer prices by the Indian government except for Urea, which augment the demand for Urea and had a negative effect on sale of complex fertilizers. Furthermore, drought like situation in during FY’2013-FY’2014, adversely impacted fertilizer sales in the industry as a whole. Monsoon, on which a major part of agriculture depends, was erratic and inconsistent which led to condensed demand for complex fertilizers in FY’2017. Consumption of complex fertilizers declined at a CAGR of ~% during the period FY’2012-FY’2017, whereas, production grew marginally at a CAGR of ~% during FY’2012-FY’2017. India Complex Fertilizer Market Segmentation By Product Form: Granulated/fused form of complex fertilizers was widely used in India such that about ~% of all complex fertilizers utilized in the country were of granulated or fused form. Blended complex fertilizers comprised for only ~% of the market share as of FY’2017. Tata Chemicals Limited (TCL), Coromandel International and Zuari Fertilisers and Chemicals Limited are the only companies known to have invested and established blending plant facilities for customized NPK production.

4. By Product Type: Complex fertilizers comprising of three primary nutrients (nitrogen, phosphorous and potassium) accounted for ~% market share in FY’2017. On the other hand, complex fertilizers comprising of two nutrients accounted for ~% market share in FY’2017. By Grade: NPK 20-20-0 was the most widely used complex fertilizer in India for cultivating cereals, pulses and oilseeds. The fact that NPK 20-20- 0 is cheaper than most complex fertilizers and is often sold by retailers as an alternative to DAP, has resulted in wide scale utilization of the same. NPK 20-20-0 comprised for a market share of ~% in the overall complex fertilizer market in FY’2017, in terms of consumption volume. NPK 10-26- 26, NPK 12-32-16, NPK 17-17-17 and all others grades accounted for market share of ~% and ~% respectively. Competition Scenario India complex fertilizer market is highly competitive and concentrated with top 5 players comprising for over ~% of the market share, in terms of revenue in FY’2017. In terms of complex fertilizer production, the top 5 players accounted for about ~% of market share as of FY’2017. There are about 13 companies (3 public, 1 cooperative and 9 private companies) engaged in the production of complex fertilizer in India.

5. Coromandel international was the market leader and comprised for ~% market share in FY’2017, in terms of revenue. The company produced around ~ million MT of complex fertilizers during FY’2017. IFFCO emerged as the second largest player in this space and comprised for ~% market in 2017. Other prominent players included Paradeep Phosphates, Rashtriya Chemicals and Fertilizers Limited, Fertilizers and Chemicals Travancore, Gujarat State Fertilizers & Chemicals Limited and Gujarat Narmada Valley Fertilizers & Chemicals Limited which comprised for market shares of ~% and ~%, respectively in FY’2017. India Complex Fertilizer Market Future Outlook and Projections The Direct Transfer Benefit will soon be deployed across the country from 2018 onwards, since the pilot projects have indicated a success. This will help to bring soil health in focus and curb any pilferages and leakages in the subsidy reimbursement process as every sale made will be recorded in the POS machine. Several companies including the likes of Coromandel International, Paradeep Phosphates and Fertilizers and Chemicals Travancore have announced investments to increase their production capacity of complex fertilizers. Consumption of complex fertilizers in India is expected to grow at a CAGR of ~% during the period FY’2017-FY’2022, rising from ~ million MT in FY’2017 to ~ million MT by FY’2022.

6. Key Topics Covered in the Report: India Complex Fertilizer Demand India Complex Fertilizer Consumption India Complex Fertilizer Production India Complex Fertilizer Market India Granulated NPK Consumption India Blended NPK Consumption India NPK Fertilizer Demand India NPK Fertilizer Consumption India NPK Fertilizer Production India NPK Fertilizer Market Blended and granulated NPKs Sales Water soluble NPKs Revenue India Slow release NPKs Consumption India Coromandel International Complex Fertilizer India IFFCO Market share Complex Fertilizer Future Complex Fertilizer India Grade wise Sales Complex Fertilizer India India Complex Fertilizer Market Forecast India Complex Fertilizer Market Size

7. India Complex Fertilizer Market Future Outlook India Complex Fertilizer Market Growth Analysis India Complex Fertilizer Market Value India Complex Fertilizer Market Competition For more information on the research report, refer to below link:- https://www.kenresearch.com/agriculture-and-animal-care/crop- protection/india-complex-fertilizer-market/143968-104.html Related Reports by Ken Research:- Asia Complex (NPK) Fertilizer Market Outlook to 2022 - by Grade (NPK 16- 16-8, NPK 20-20-15, NPK 15-15-15, NPK 20-20-0 and Others), by Region (China, India, Vietnam, Indonesia, Thailand and Others) China Complex (NPK) Fertilizer Market Outlook to 2022 - Expected Replacement from Straight Chemical Fertilizers To Complex Fertilizers US Micro Irrigation Market Outlook to 2020 - Growing Water Scarcity and High Efficiency of Drip Irrigation to Stimulate Growth

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