Despite strong historical growth, fertilizer consumption in India remains highly skewed. There are currently a number of states in India which still have a very low penetration of fertilizers. This leaves a lot of room for future growth.
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New Report Analyzes the Performance of the Indian Fertilizer Industry
1. New Report Analyzes the Performance of the Indian Fertilizer Industry
Despite strong historical growth, fertilizer consumption in India remains highly skewed. There
are currently a number of states in India which still have a very low penetration of fertilizers. This
leaves a lot of room for future growth.
Increasing rural incomes, availability of farm credit, government & non-government awareness
campaigns, contact farming, a large untapped market etc. are expected to be the catalysts in
driving the Indian Fertilizer market in the coming years. Research firm IMARC Group expects
the total market volumes to grow at a CAGR of around 7% during 2013-2017, according to its
latest report titled “Indian Agriculture Market Report & Forecast: 2012-2017”. According to an
analyst at IMARC Group, “Despite strong historical growth, fertilizer consumption in India
remains highly skewed. There are currently a number of states in India which still have a very
low penetration of fertilizers. This leaves a lot of room for future growth”. Apart from a large
unpenetrated market, findings from the report also suggest that increasing rural incomes
coupled by easy availability of credit are also likely to create a positive impact on fertilizer usage
in the country. Contract farming, where inputs in terms of technology and training are expected
to be provided to the farmer from the food processor (contractor) is also expected to act as a
catalyst in increasing the fertilizer usage in the country.
IMARC’s new report entitled “Indian Agriculture Market Report & Forecast: 2012-2017”
provides an analytical and statistical insight into the agriculture industry along with its various
segments and sub-segments. The study that has been undertaken using both desk-based and
qualitative primary research has analyzed various aspects and provides a comprehensive
understanding of the Indian agriculture market. The report can serve as an excellent guide for
investors, researchers, consultants, marketing strategists, and all those who are looking to foray
into the Indian agriculture market in some form or the other.
To buy the complete report or to get a free sample, please contact:
IMARC Group Asia
Email: apac@imarcgroup.com
2. Phone: +91-120-415-5099
IMARC Group North America
Email: america@imarcgroup.com
Phone: +1-631-791-1145
IMARC Group Europe, Middle East & Africa
Email:ema@imarcgroup.com
Phone: +44-702-409-7331
To know more please visit: http://www.imarcgroup.com/indian-agriculture-market-report-
forecast-2012-2017-3/