INDIA DIAMMONIUM PHOSPHATE (DAP) MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)
India diammonium phosphate (DAP) market is estimated to be valued at USD 481.6 Mn in 2025 and is expected to reach USD 698.5 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032. India is one of the largest consumers and producers of Diammonium Phosphate (DAP) in the world. DAP is a widely used nitrogen-phosphorus compound fertilizer with an NPK chemical formula of 18-46-0. It provides both nitrogen and phosphorus in an assimilable form for plants and is therefore an essential component for improving crop productivity. Rising food demand from a growing population and efforts by the government to boost agriculture production have been the key drivers for the growth of the diammonium phosphate (DAP) market in India. The government has also undertaken various initiatives such as soil health cards and neem coating of urea to encourage balanced and efficient fertilizer consumption among farmers.
Market Dynamics:
The diammonium phosphate (DAP) market in India has been witnessing positive growth driven by factors such as strong demand from rice, wheat and corn cultivating farmers, various government subsidies and initiatives to promote fertilizer usage, strong production capabilities of local manufacturers and restrictions on imports. However, volatility in raw material prices such as phosphoric acid and ammonia as well as higher input costs act as restraints for market participants. On the other hand, opportunities lie in promoting organic and nano fertilizers, value-added services around fertilizer advice, and developing a balanced fertilization practice to minimize over usage of DAP. Sustainable agricultural practices can also help optimize fertilizer consumption in the long run.
Key Features of the Study:
- This report provides in-depth analysis of the India diammonium phosphate (DAP) market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
- It elucidates potential revenue opportunities across different DAP application segments and distribution channels and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, recent government policies and subsidies, and strategies adopted by key players operating in the Deepak Fertilisers and Petrochemicals Corporation, Zuari Agro Chemicals, Coromandel International, Chambal Fertilisers and Chemicals, Nagarjuna Fertilizers and Chemicals, Gujarat State Fertilizers and Chemicals (GSFC), Mangalore Chemicals and Fertilizers, Tata Chemicals, Kisan Fertilizers, Godavari Fertilizers and Chemicals, Paradeep Phosphates, and Acron Chemicals
- Insights from this report would allow marketers and the management authorities to make informed decisions regarding expansion of production capacities, procurement strategies, marketing initiatives, and promotion of balanced fertilization
- The India diammonium phosphate (DAP) market report caters to various stakeholders including DAP manufacturers, distributors, traders, retailers, farmers associations, and government authorities
- Stakeholders would have ease in decision-making through various data projections provided in the report to identify emerging growth opportunities and areas of intervention
Market Segmentation
Market Segmentation
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