This conference focuses on soluble and organic fertilizers, micronutrients, and stimulants. It is India’s first international B2B fertilizer exhibition, providing a platform for manufacturers, researchers, and policymakers to discuss innovations in sustainable fertilizer solutions (Tradeindia).
In India’s specialty fertilizers market, water-soluble fertilizers accounted for 54.3% of the market share in 2021. Water-soluble fertilizers are mostly used for the application of primary nutrients in the country. About 78.5% of primary nutrients are water-soluble fertilizers, and 5.6% and 3.8% of secondary macronutrients and micronutrients accounted for water-soluble fertilizers in 2021.
The rise in demand for high-efficiency fertilizers, ease of application, adoption of sustainable farming practices, and higher environmental safety are some of the factors driving the specialty fertilizers market in India. Field crops and horticultural crops were the major consumers of slow-release fertilizers, accounting for 75.8% and 24.1% of the market volume in 2021. The intensive field crop and horticultural crop cultivation in the country are anticipated to drive the market for slow-release fertilizers.
The Indian controlled-release fertilizer market has shown a decline in market value even though consumption increased notably by 52.9% during the study period. The main reason for this is the Indian government making it mandatory for all domestic producers of urea to produce 100% neem coated-urea and distribute it at a subsidized price to the farmers.
Liquid fertilizers accounted for 41.9% of India’s specialty fertilizers market in 2021. Straight fertilizers accounted for the maximum share of the liquid fertilizer market, accounting for 69.2%. This segment was valued at USD 964.0 million in 2017 and is anticipated to reach USD 1.70 billion by 2028.
Complex fertilizers accounted for 30.8% of the liquid fertilizers market in 2021. Slow-release fertilizers accounted for 1.7% of the total specialty fertilizer market value in 2021.
This presents an opportune timing and backdrop for a platform where are stakeholders can come together, share knowledge, expand market networks and garner bigger shares whilst growing the market
