인도의 미량영양소 비료 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the india micronutrient fertilizers market size is projected to grow from USD 290.0 million in 2025 to USD 310.0 million in 2026 and is forecast to reach USD 480.0 million by 2031 at 9.14% CAGR over 2026 to 2031.

This report is Segmented by Product Type (Boron, Copper, Iron, Manganese, Molybdenum, Zinc, and More), by Application Mode (Fertigation, Foliar, and More), and by Crop Type (Field Crops, Horticultural Crops, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

India Micronutrient Fertilizers Market Trends and Insights

Rising Soil Micronutrient Depletion Across Intensively Farmed Districts

Continuous rice-wheat and cotton cycles in Punjab, Haryana, and Western Uttar Pradesh have depleted zinc, boron, and iron reserves faster than natural replenishment, resulting in reduced yield gains despite increased macronutrient use. Soil Health Card data show that 78% of Punjab's and 65% of Haryana's cultivated soils now test zinc-deficient . Economists estimate significant annual output losses associated with these gaps. Corrective zinc applications deliver 200-400 kg per-hectare wheat gains and 300-600 kg rice gains, prompting district authorities to intensify extension outreach. Mandatory micronutrient labeling under the Fertilizer Control Order (FCO) and expanded lab testing capacity serve as a backstop for quality assurance, making the driver structurally positive for the India micronutrient fertilizers market.

Government Subsidy Extension for Fortified NPK Blends (NBS-2)

Beginning December 2024, micronutrient-fortified DAP and NPK grades will qualify for direct farm-gate support, reducing retail prices by 40-50% and increasing adoption in Maharashtra, Karnataka, Andhra Pradesh, and Tamil Nadu from 15% in 2022 to 28% in 2024 . The budgetary outlay under the NBS window increased from INR 795 billion (USD 9.62 billion) in 2023-24 to INR 875 billion (USD 10.5 billion) in 2024-25, encouraging manufacturers such as IFFCO and Coromandel to expand their blending capacity by 35%. Digital tracking through Primary Agricultural Credit Societies reduces the risk of diversion, and the mandatory Fertilizer Control Order (FCO) specifications ensure that every bag sold contains functional levels of zinc, boron, or iron. The subsidy is front-loaded, so the bulk of market lift is projected within the next two seasons, though balanced nutrition awareness will persist beyond the payout period.

Counterfeit and Spurious Product Circulation in Tier-2/3 Agri-Inputs Markets

Subpar powders masquerading as micronutrient blends account for 15-20% of the supply in Bihar, Uttar Pradesh, and Odisha, where small dealers dominate input retail. Lab tests reveal that metal contents are 30-50% below the labels, causing crop failures that discourage legitimate purchases. Limited inspectorates and a lack of accredited laboratories hinder enforcement under the Fertilizer Control Order. Large producers have added QR code verification, and the smartphone penetration gaps and poor digital literacy are slowing down take-up. Until authentication scales and dealer audits tighten, counterfeit leakage will shave 1.2 percentage points off the India micronutrient fertilizers market CAGR in the near term.

Other drivers and restraints analyzed in the detailed report include:

1. Rapid Adoption of Specialty Chelated Formulations by Horticulture Clusters
2. Emerging Nano-Micronutrient Products from Ag-Tech Startups
3. Logistics Bottlenecks for Bulk Micronutrient Movement to Land-Locked Regions

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Zinc formulations accounted for 35.9% of the India micronutrient fertilizers market share in 2025, highlighting their critical role in addressing one of the country's most prevalent soil nutrient deficiencies. Demand remains particularly strong in the cultivation of rice, wheat, and maize, where zinc application is directly associated with improved yields and enhanced nutrient-use efficiency. The segment's position has been further reinforced by the expansion of soil-testing initiatives and balanced fertilization programs.

The market is gradually shifting toward boron-based products, which are projected to register a CAGR of 10.6% during 2026-2031. The increasing cultivation of fruits, vegetables, oilseeds, and plantation crops is driving demand for boron, which plays a vital role in flowering, pollination, fruit set, and crop development. Additionally, the growing adoption of specialty micronutrient blends and fertigation-compatible formulations is creating new growth opportunities beyond traditional zinc products. Fertilizers containing iron, copper, manganese, and molybdenum continue to play an important supporting role in addressing crop- and region-specific nutrient deficiencies across India's diverse agricultural systems.

Complete Report Scope:

• Product
  • Boron
  • Copper
  • Iron
  • Manganese
  • Molybdenum
  • Zinc
  • Others
• Application Mode
  • Fertigation
  • Foliar
  • Soil
• Crop Type
  • Field Crops
  • Horticultural Crops
  • Turf and Ornamental

List of Companies Covered in this Report:

1. Coromandel International Limited
2. Chambal Fertilizers and Chemicals Limited
3. Indian Farmers Fertiliser Cooperative Limited
4. Deepak Fertilizers and Petrochemicals Corporation Limited
5. Zuari Agro Chemicals Limited
6. Rashtriya Chemicals and Fertilizers Limited
7. Aries Agro Limited
8. Tata Chemicals Limited
9. Mangalore Chemicals and Fertilizers Limited
10. Nagarjuna Fertilizers and Chemicals Limited
11. BASF India Limited
12. Compo Expert India Private Limited
13. Haifa Chemicals Ltd
14. Yara Fertilisers India Private Limited
15. Sociedad Quimica y Minera de Chile S.A. (SQM) India Private Limited

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study
• 1.3 Research Methodology

2 EXECUTIVE SUMMARY & KEY FINDINGS

3 REPORT OFFERS

4 KEY INDUSTRY TRENDS

• 4.1 Acreage Of Major Crop Types
  • 4.1.1 Field Crops
  • 4.1.2 Horticultural Crops
• 4.2 Average Nutrient Application Rates
  • 4.2.1 Micronutrients
    • 4.2.1.1 Field Crops
    • 4.2.1.2 Horticultural Crops
• 4.3 Agricultural Land Equipped For Irrigation
• 4.4 Regulatory Framework
• 4.5 Value Chain and Distribution Channel Analysis
• 4.6 Market Drivers
  • 4.6.1 Rising Soil Micronutrient Depletion Across Intensively Farmed Districts
  • 4.6.2 Government Subsidy Extension for Fortified NPK Blends (NBS-2)
  • 4.6.3 Rapid Adoption of Specialty Chelated Formulations by Horticulture Clusters
  • 4.6.4 Expansion of Fertigation Infrastructure under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) Micro-Irrigation Scheme
  • 4.6.5 Emerging Nano-Micronutrient Products from Indian Ag-Tech Start-Ups
  • 4.6.6 Carbon-Credit Premium for Micronutrient-Driven Yield Boosts
• 4.7 Market Restraints
  • 4.7.1 Counterfeit and Spurious Product Circulation in Tier-2/3 Agri-Inputs Markets
  • 4.7.2 Volatility in Mined Zinc and Boron Concentrate Prices
  • 4.7.3 Limited Farmer Awareness in Eastern and North-Eastern States
  • 4.7.4 Logistics Bottlenecks for Bulk Micronutrient Movement to Land-Locked Regions

5 MARKET SIZE AND GROWTH FORECASTS (VALUE AND VOLUME)

• 5.1 Product
  • 5.1.1 Boron
  • 5.1.2 Copper
  • 5.1.3 Iron
  • 5.1.4 Manganese
  • 5.1.5 Molybdenum
  • 5.1.6 Zinc
  • 5.1.7 Others
• 5.2 Application Mode
  • 5.2.1 Fertigation
  • 5.2.2 Foliar
  • 5.2.3 Soil
• 5.3 Crop Type
  • 5.3.1 Field Crops
  • 5.3.2 Horticultural Crops
  • 5.3.3 Turf and Ornamental

6 COMPETITIVE LANDSCAPE

• 6.1 Key Strategic Moves
• 6.2 Market Share Analysis
• 6.3 Company Landscape
• 6.4 Company Profiles (Includes Global Level Overview, Market Level overview, Core Segments, Financials as Available, Strategic Information, Market Rank/Share for Key Companies, Products and Services, and Recent Developments)
  • 6.4.1 Coromandel International Limited
  • 6.4.2 Chambal Fertilizers and Chemicals Limited
  • 6.4.3 Indian Farmers Fertiliser Cooperative Limited
  • 6.4.4 Deepak Fertilizers and Petrochemicals Corporation Limited
  • 6.4.5 Zuari Agro Chemicals Limited
  • 6.4.6 Rashtriya Chemicals and Fertilizers Limited
  • 6.4.7 Aries Agro Limited
  • 6.4.8 Tata Chemicals Limited
  • 6.4.9 Mangalore Chemicals and Fertilizers Limited
  • 6.4.10 Nagarjuna Fertilizers and Chemicals Limited
  • 6.4.11 BASF India Limited
  • 6.4.12 Compo Expert India Private Limited
  • 6.4.13 Haifa Chemicals Ltd
  • 6.4.14 Yara Fertilisers India Private Limited
  • 6.4.15 Sociedad Quimica y Minera de Chile S.A. (SQM) India Private Limited

7 KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS