India Nano DAP Market, By Type (Granule, Liquid), By Distribution Channel (Direct, Retailer, Online), By End Use (Food Crops, Cash Crops, Horticulture Crops, Plantation Crops, and others), By Region, Competition, Forecast and Opportunities, 2031
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Nano DAP Market, By Type (Granule, Liquid), By Distribution Channel (Direct, Retailer, Online), By End Use (Food Crops, Cash Crops, Horticulture Crops, Plantation Crops, and others), By Region, Competition, Forecast and Opportunities, 2031
India Nano DAP market is anticipated to grow at an impressive rate in the forecast period. DAP, or Di-ammonium Phosphate, is considered a reputable source of Phosphorus and Nitrogen in the agricultural sector. Thus, it is used as fertilizer when the field has a scarcity of minerals to provide the essential minerals necessary for the production of crops. Nano urea and Nano DAP are considered the next-generation fertilizers that will benefit farmers and are environmentally friendly. It helps in sustainable development by lowering air, soil, and water pollution and enhancing the production of crop quantity and health.
Increasing Agricultural Activities are Driving the Market Growth
The agriculture sector is considered the backbone of the country as it employs many people and holds an important place in the global agriculture market. The demand for food and clothes is expected to rise in the region as it has one the most significant population globally. Hence, the growing demand is propelling agricultural activities in India to fill the global demand. India is one of the fifteen important exporters of agricultural commodities worldwide. The nation is a prominent exporter of various farm products such as rice, meat, spices, raw cotton, and sugar. Apart from these, initiatives such as Pradhan Mantri Krishi Sinchai Yojana, Credit facilities for farmers, and subsidiaries on fertilizers are propelling agriculture activities. As nano DAP helps in the production of more crops at a lower price compared to conventional DAP without harming soil health, the farmer is expected to switch to nano DAP, and the demand for nano DAP is expected to rise in the projected period.
Growing Focus on Soil Profile
Due to the extensive use of chemicals, the cultivating yield has become acidic in nature, and it adds a lot of chemicals into the soil. The nano DAP lowers the pH value of the soil and provides essential minerals such as nitrogen and phosphorus. The Nano DAP helps to boost the production of monocotyledon plants like wheat, corn, millet, lilies, sugarcane, banana, onions, ginger, palm, and bamboo, as well as the dicot plant. According to the SATAT report, India imports around 30% of its total fertilizer consumption, and DAP is the second more demanded fertilizer after Urea. Nano DAP helps farmers by enhancing soil texture and composition by increasing water-holding capacity and beneficial minerals without polluting the environment. Hence, it helps to treat the soil's acidic value and make crops healthier. All these factors are expected to propel the demand for the Indian nano DAP market in the projected period.
Favorable Government Policies are Driving the Market Growth
In 2023, the central government of India has budgeted fertilizer subsidy of around USD18 billion which is propelling and supporting agriculture activities. After the successful growth of nano urea, the government efforts to introduce and commercialize the nano DAP as it is more effective than DAP at a low price is further expected to drive the market growth. Department of Chemical and fertilizer has sold the patent of nano DAP to IIFCO ltd. for 20 years to make it commercially found at where IIFCO is providing a license or signing MOU for the production of nano DAP. Apart from these, launching online retailers such as IIFCO Bazar will reach the buyer and make the product directly viable to the end user. Therefore, all these factors are expected to support the growth of the India ano DAP market.
Market Segmentation
India Nano DAP market is segmented
Based on type, the market is divided into granule and liquid.
Market Players
IFFCO LTD., Radhe Agro Industries India Pvt Ltd, Chambal Fertilisers and Chemicals Ltd., Rashtriya Chemicals and Fertilizers Limited, National Fertilizers Limited are the key players operating in the India nano DAP market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic
Data |
2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2031 |
|
Quantitative
Units |
Revenue in USD
Million, Volume in metric ton, and CAGR for 2022-2031 |
|
Report
coverage |
Revenue forecast, Volume
forecast, company share, competitive landscape, growth factors, and trends |
|
Segments
covered |
·
Type ·
Distribution Channel ·
End Use |
|
Regional
scope |
East; West; North;
South. |
|
Key companies
profiled |
IFFCO LTD.,
Radhe Agro Industries India Pvt Ltd, Chambal Fertilisers and Chemicals Ltd.,
Rashtriya Chemicals and Fertilizers Limited, National Fertilizers Limited |
|
Customization
scope |
10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope. |
|
Pricing and
purchase options |
Avail
customized purchase options to meet your exact research needs. |
|
Delivery
Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
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