Team Blitz India
NEW DELHI: The Indian fertilizer industry is expected to reach a market size of Rs 1.38 lakh crore by 2032, according to the latest report by IMARC Group.
This growth underscores the sector’s vital role in supporting India’s agricultural productivity and food security.
In 2023, theIndian fertilizer market size stood at Rs 94,210 crore, driven by increased agricultural demands and strategic governmental interventions.
Fertilizer production in FY24 was recorded at 45.2 million tonnes, reflecting theMinistry of Fertilizers successful policies.India’s position as the world’s second-largest producer of fruits and vegetables, next only to China, underpins the fertilizer industry’s growth.
