India Complex Fertilizer Market is Driven by Expected Manufacturing Capacity Expansion and Growing Nutrient Balance due to Overuse of Urea: Ken Research

Ken Research in its latest study, India Complex (NPK) Fertilizer Market Outlook to 2022 – Expected Manufacturing Capacity Expansion by Domestic Manufacturers in Next 5 Years suggested that Coromandel International, IFFCO, Paradeep Phosphates, Rashtriya Chemicals and Fertilizers Limited will remain the major players in this space in India. However, these major players will witness rising competition from other existing and new entrants launching cheaper and better products in the market.India Complex (NPK) Fertilizer Market Outlook to 2022 – Expected Manufacturing Capacity Expansion by Domestic Manufacturers in Next 5 Years The ideal N:P:K nutrient balance for Indian soil is 4:2:1 while the actual ratio was 6.8:2.7:1 at the end of FY’2017. The nutrient imbalance is a result of overuse of urea and low use of NPK which makes the soil acidic. With schemes such as soil health cards being implemented by Government of India to determine the soil health and advice farmers on the right fertilizers usage, the demand outlook for complex fertilizers remains positive. Several companies including Coromandel International, Paradeep Phosphates and Fertilizers and Chemicals Travancore have announced investments to increase their production capacity of complex fertilizers.

New entrants OCP and Kribhco announced that they are entering into a 50:50 joint venture to develop a large-scale greenfield NPK fertilizer plant in Krishnapatnam, Andhra Pradesh in October The companies intend to invest around USD 230 million in establishing a manufacturing plant which will have an annual production capacity of 1.2 MT of NPK fertilizers. 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. The process will streamline and enable in quick subsidy disbursal to the manufacturers within weeks and it will ensure the fertilizer is received by the farmer himself. Growing emphasis on curbing soil pollution, streamlining subsidy disbursal and expected capacity expansion projects are expected to augment the demand for complex fertilizers in India, according to Analyst at Ken Research.

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 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:- care/crop-protection/india-complex-fertilizer-market/ html Related Reports by Ken Research:- Asia Complex (NPK) Fertilizer Market Outlook to by Grade (NPK , NPK , NPK , NPK and Others), by Region (China, India, Vietnam, Indonesia, Thailand and Others)

China Complex (NPK) Fertilizer Market Outlook to Expected Replacement from Straight Chemical Fertilizers To Complex Fertilizers US Micro Irrigation Market Outlook to Growing Water Scarcity and High Efficiency of Drip Irrigation to Stimulate Growth Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications