Coromandel International Complex Fertilizer India, IFFCO Market share Complex Fertilizer - Ken Research

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India Complex Fertilizer Market is Driven by
Expected Manufacturing Capacity Expansion and
Growing Nutrient Balance due to Overuse of Urea
Ken Research
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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. The ideal NPK nutrient
balance for Indian soil is 421 while the actual
ratio was 6.82.71 at the end of FY2017. 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.
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New entrants OCP and Kribhco announced that they
are entering into a 5050 joint venture to
develop a large-scale greenfield NPK fertilizer
plant in Krishnapatnam, Andhra Pradesh in October
2016. 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.
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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
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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- https//www.kenresearch.com/agriculture-and
-animal-care/crop-protection/india-complex-fertili
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China Complex (NPK) Fertilizer Market Outlook to
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Irrigation to Stimulate Growth   Contact UsKen
ResearchAnkur Gupta, Head Marketing
CommunicationsSales_at_kenresearch.com91-124 423
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