“Global Fertilizer Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global fertilizer market report has been segmented on the basis of form, type, method of application, application, and region.
Global Fertilizer Market: Overview
Fertilizers are natural or artificial substances containing chemical elements. Fertilizers are applied to soil or plants to promote plant growth & productiveness, improve fertility, and maximize yield.
Global Fertilizer Market: Dynamics
Adoption of advance farming techniques and continuous focus by manufacturers operating in the market to develop innovative and novel products is expected to bolster demand for fertilizers and drives growth of the global market. Growing demand for organic fertilizers due to increasing environmental concern and stringent rules and regulations for inorganic fertilizers, is also anticipated to drive growth of the target market during the forecast period. Moreover, ease of application and high crop yield obtained ratio is expected is drive growth of global market over the forecast period. In addition, decreasing availability of arable land per capita in emerging economies is leading to high demand for phosphate fertilizers, as it helps in increasing crop yield.
Recent trend shows that, new product development such as nitrogen sensors and testers for quantifying the amount of nitrogen in the plant along with slow release fertilizers and automated fertilizer spraying. This is expected to augment growth of the global market over the forecast period.
However, growing concern regarding current pattern of fertilizer and declining soil fertility due to excess use of fertilizers are some of the factors may hamper demand for fertilizers and restrain growth of the target market over the forecast period.
Global Fertilizer Market: Segment Analysis
On the basis of type, the target market is segmented into nitrogenous, phosphatic, potassic, and micronutrients. The nitrogenous segment is expected to register significant growth rate in the market over the forecast period.
On the basis of form, the target market is segmented into solids, liquids, and gases. The solid segment is projected to grow at faster pace over the long run.
Among method of application, the spraying segment held the largest market share and expected to dominate the global market throughout the forecast period.
On the basis of application, the target market is segmented into grains and cereals, pulses and oil seeds, fruits and vegetables, and commercial crops. The fruits and vegetables segment is expected to register significant growth rate over the forecast period.
Fertilizer Market: Region Analysis
Among regions, Asia Pacific is expected to dominate the global fertilizer market over the forecast period with a significant CAGR. Favorable weather conditions and improving returns from farming in emerging countries such as China and India are some of the factor expected to bolster growth of target market in the region. Moreover, technological advancements and low prices for most crops, improving economic prospects in developed countries, are some of the factors expected to increase demand for fertilizers. In addition, increasing demand for crop production in order to satisfy the growing population of such developing countries, is also expected to drive growth of the target market in Asia Pacific.
The market in Central and South America and Europe accounts for moderate share in the global market in terms of revenue and is expected to maintain its growth over the forecast period.
Global Fertilizer Market Segmentation:
Segmentation by Form:
Segmentation by Type:
- Calcium Ammonium Nitrate (CAN)
- Ammonium Nitrate
- Ammonium Sulfate
- Mono-Ammonium Phosphate (MAP)
- Di-Ammonium Phosphate (DAP)
- Triple Superphosphate (TSP)
Segmentation by Method of Application:
- Foliar Spraying
- Drip Method
Segmentation by Application:
- Grains and Cereals
- Pulses and Oil Seeds
- Fruits and Vegetables
- Commercial Crops
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Nutrien Limited
- Yara International
- The Mosaic Company
- CF Industries
- Bunge Limited
- Syngenta AG
- Israel Chemicals Ltd
- Sumitomo Chemical Co. Ltd
- Indian Farmers Fertilizer Cooperative Limited
- Haifa Group
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