The Indian Diammonium Phosphate (DAP) Market Driven By Rising Agricultural Output
The Indian DAP market has been witnessing steady growth over the past few decades driven by increasing crop yield targets and efforts to enhance farm productivity. Diammonium phosphate or DAP is commonly used as a high-analysis nitrogen and phosphate mixed fertilizer with 18-46-0 N-P2O5-K2O nutrient composition. It is applied as a basal dressing for most field crops including rice, wheat, corn, cotton and vegetables. Some key advantages of DAP include balanced supply of nutrients for plant growth, solubility in water for easy absorption by roots and availability in granular form for uniform application.
The global rise in population and improving living standards has augmented the demand for food crops. This has prompted the Indian government to implement various agriculture policies and subsidy programs focused on boosting farm output. As a result, Indian Diammonium Phosphate (DAP) Market Growth consumption in India has multiplied over the years to maximize crop yields per unit area.
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.
Key Takeaways
Key players operating in the Indian DAP market are Iffco, Coromandel International Ltd, RCF Limited, Paradeep Phosphates Limited, and Indian Farmers Fertilizer Cooperative Limited.
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