India Ammonium Market Outlook

the indian ammonium market has been forecasted to show significant growth in the period of 2018-2032. this can be attributed to several factors such as the rising demand for fertilizers due to booming population, technological advancements, government policies, and increase in the agricultural productivity. due to growing population, the need for food grains and other food products is increasing. this increases the demand for fertilizers, among other inputs, that can increase production. further, the government policies in the form of subsidies on fertilizers, and initiatives such as ‘jana dhan yojana’, are providing a conducive environment to increase the consumption of fertilizers. the advance technology in the agriculture sector is increasing the productivity and efficiency of the farming process. the mechanized farming equipment and automated systems are able to cover larger area with lesser manpower and lesser time. this increases the availability of fertilizers. madhya pradesh and uttar pradesh are the leading states in the production of ammonium. it is observed that the production of ammonium has increased significantly from year 2007-08 to 2015-16. this increase is mainly attributed to the increased production of urea due to the increase in the use of potassium and nitrogen fertilizers. apart from this, government initiatives such as national fertilizer policy, and the ‘pradhan mantri fasal bima yojana’ are also helping in the increased production and availability of fertilizers. also, several companies are taking initiatives towards ensuring the increased consumption of fertilizers. overall, the completion of large infrastructure projects and the introduction of new technologies are estimated to drive the indian ammonium market in the years to come. the coming years are expected to see increased production, increased consumption and correspondingly, an increased demand for ammonium in the country.