India Remains amid Major World Fertilizer Producers and Consumers, Informs Bonafide in Its Cutting-edge Report Published at MarketPublishers.com
14 Oct 2016 • by Natalie Aster
LONDON – Being the second most populous country in the world, India needs a robust and modernized agriculture sector to provide food security to the local population. To satisfy the food grain requirements, the country’s agricultural productivity needs to be improved and the agriculture sector needs to keep to an upward trend. It is necessary to manage critical resources such as irrigation, cultivable land, high yielding seeds and, of course, fertilizers for higher food production in the country.
Balanced use of fertilizers will certainly increase the agricultural productivity in India. The future outlook for the country’s fertilizer industry is changing at a rapid pace. The fortune of India’s fertilizer industry is highly dependent on a number of factors, including population growth and government policies, like initiatives and subsidies to lessen the cost of fertilizers.
The fertilizers consumption in the country has traditionally exceeded the domestic output, except for few years. The entire demand for Potassic fertilizers is satisfied through imports, as the country doesn’t have commercially feasible sources of Potash. India mainly imports MOP, DAP and urea.
Fertilizers have always played a crucial role in India’s agricultural market. At present, India ranks the second largest consumer and the third largest producer of fertilizers worldwide. The Indian government subsidizes fertilizers in order to make it widely available to the local farmers.
The comprehensive research repot “India Chemical Fertilizers Market Outlook, 2021” by Bonafide Research & Marketing Pvt. Ltd. is a great source of valuable information on the current situation in the Indian chemical fertilizers market. It provides an all-encompassing review of the market landscape, contains a detailed analysis of the market segmentation on the basis of fertilizers types. This insightful research study examines the market dynamics, covers the key trends, prospects and opportunities, scrutinizes the main market growth challenges, restraints and hinders; touches upon the regulatory landscape, delves deep in the competitive scenario, presents 10 detailed profiles of the dominat players in the market. Moreover, the report offers future projections for the market up till 2021.
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