Fertilizer Market Key Insights Based on Product Type, End-Use and Regional Demand Till 2020-2027

 

The GMI Research expects the fertilizer market to expand at a higher rate. From a regional perspective, the Asia-Pacific is expected to lead the market. The Asian countries accounted for 60 percent of the fertilizer market, and China is the biggest consumer. Rice is the biggest nitrogen-consuming crop owing to the rising concern regarding the current pattern of fertilizer usage.

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Fertilizer Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The rising demand for food products and the growing requirement for improved crop production in limited arable lands are the major factors driving the growth of the global fertilizer market size. The increasing rate of population is a key driver contributing to the growth of the fertilizer market share in terms of revenue during the forecast period. As per the US Census Bureau, the total population of the world was about 7.6 billion, which is projected to reach around 9.7 billion by 2050. According to the fertilizer market report, the drastic change in the population rate is boosting the demand for food, thereby supporting the growth of the market. Fertilizers provide remarkable benefits that enhance profitability, allow the farmer to produce more crops in a restricted arable land area, and improve crop yields. For example, if 194 kg of nitrogen is utilized in a particular arable land area, it can generate grains of about 9.3 tons in comparison to around 2.1 tons, which is without the use of nitrogen fertilizer.

As per the fertilizer market analysis, the rapid urbanization and growing industrialization have led to a sharp downfall in the per capita arable land at a global level. About 12 percent of the land surface on the Earth was to produce crops in 2018. For example, in the US, the total arable land area (1000 km2) was approximately 1,640 in 2008, which reduced to 1,520 in 2015. This fundamental fall in the total arable land has increased the limited land area requirement for better soil fertility and texture, thereby resulting in improved crop yield in a specific timeframe. These are certain factors that are expected to accelerate the growth of the fertilizer market. On the other hand, the increasing awareness regarding several negative impacts of fertilizers on the consumers and on the environment will hinder the market growth.

Fertilizer Market’s leading Manufacturers:

·        Hafia Group

·        Yara

·        Nutrien Ltd.

·        Mosaic

·        CF Industries Holdings, Inc.

·        Bunge Limited

·        Syngenta AG

·        Israel Chemicals Ltd. (ICL)

·        Sumitomo Chemical Co., Ltd.,

·        IFFCO

Fertilizer Market Segmentation:

Segmentation by Form:

·        Dry

·        Liquid

Segmentation by Product:

·        Organic

o    Plant-based fertilizer

o    Animal-based fertilizer

o    Mineral-based fertilizer

·        Inorganic

o    Nitrogen

o    Phosphorus

o     Potassium

Segmentation by Application:

·        Agriculture

·        Horticulture

·        Gardening

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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