INDIA DIAMMONIUM PHOSPHATE (DAP) MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)
India Diammonium Phosphate (DAP) Market, By Type (Industrial Grade and Food Grade), By Form (Granular and Powder), By Application (Fire Retardant, Food, Fertilizer, and Others)
The Diammonium Phosphate (DAP) market in India has been experiencing robust growth, primarily driven by the increasing demand for fertilizers in the agriculture sector. With India being one of the largest consumers of DAP globally, the market is projected to expand due to the government's initiatives aimed at enhancing agricultural productivity and food security. The introduction of schemes like the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) has further incentivized farmers to adopt chemical fertilizers, boosting DAP consumption.
In 2023, the market witnessed a significant increase in DAP imports due to fluctuating domestic production and rising agricultural input costs. The ongoing push towards sustainable agriculture and the adoption of advanced farming techniques are expected to drive the demand for high-quality fertilizers like DAP.
The Indian Diammonium Phosphate (DAP) market is poised for sustained growth, driven by favorable policies and increasing awareness of soil health among farmers. However, volatility in global phosphate prices and supply chain disruptions could pose challenges. To mitigate these risks, stakeholders should consider diversifying their sources of DAP and investing in domestic production capabilities. Overall, the long-term outlook remains positive, with opportunities for innovation in fertilizer formulations to meet evolving agricultural needs.