According to IMARC Group latest published report, the global fertilizer market reached a value of US$ 163.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 203.5 Billion by 2027, exhibiting a CAGR of 3.9% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request for a sample copy of this research report: https://www.imarcgroup.com/fertilizer-market/requestsample
Fertilizers are added to the soil to enhance the growth and yield of plants. They comprise various chemicals, livestock manure, agricultural wastes, and humic substances produced by microorganisms. They are water-soluble and plants can easily absorb them via physiological processes. They are easy to store and apply while effectively curing macro and micronutrient deficiencies in plants. In addition, they enrich the soil by adding carbonic molecules, enhancing organic matter, and encouraging microbial reproduction in the soil. They also provide nitrogen to the plants for photosynthesis and amino acid synthesis.
Fertilizers enhance plant cell growth and proliferation by providing phosphorus. They strengthen and promote the healthy development of the roots by reducing the impact of soil compaction and drought. Apart from this, they improve the water holding capacity of plants to increase their production rate and retain the basic functioning of biochemical procedures. They also assist in reducing the application of herbicides and pesticides on plants by making them pest resistant. Besides this, as they are used for gardening as fertilizers increase the humus content of the soil, the demand for fertilizer is rising around the world.
List of Major Key Players:
The major players in the market are CF Industries (NYSE: C.F.), Haifa Group, Indian Farmers Fertiliser Cooperative Limited (IFFCO), Israel Chemicals Ltd. (ICL), Nutrien Limited, SQM S.A., The Mosaic Company (MOS), Uralkali PJSC, and Yara International ASA.
Click here to view detailed information with table of content: https://www.imarcgroup.com/fertilizer-market
Fertilizer Industry Trends:
At present, the increasing demand for fertilizers to enhance crop yield due to the growing population worldwide represents one of the key factors driving the market. Besides this, there is a rise in the number of health-conscious consumers on account of increasing incidences of lifestyle diseases, such as Alzheimer’s, arteriosclerosis, cancer, chronic obstructive pulmonary disease (COPD), diabetes, hypertension, heart disease, nephritis, and stroke. This, coupled with the burgeoning agriculture sector, is contributing to the growth of the market. Moreover, the escalating demand for organic farming to reduce the usage of genetically modified organisms (GMOs), growth hormones, and antibiotics in agriculture, is propelling the growth of the market.
In addition, governments and non-government organizations (NGOs) of several countries are promoting the usage of organic and biofertilizers in farming, which is strengthening the growth of the market. Apart from this, the growing adoption of veganism across the globe due to rising environmental awareness and animal welfare activities is offering a favorable market outlook. Additionally, the increasing utilization of fertilizers in gardening to enhance the flowering capacity of plants is positively influencing the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to introduce various techniques for reducing the manufacturing costs of fertilizers, which is expected to bolster the growth of the market.
Global Fertilizer Market Analysis and Segmentation 2022-2027:
Segmentation by Product Type:
- Chemical Fertilizer
- Biofertilizers
Segmentation by Product:
- Straight Fertilizers
- Nitrogenous Fertilizers
- Urea
- Calcium Ammonium Nitrate
- Ammonium Nitrate
- Ammonium Sulfate
- Anhydrous Ammonia
- Others
- Phosphatic Fertilizers
- Mono-Ammonium Phosphate (MAP)
- Di-Ammonium Phosphate (DAP)
- Single Super Phosphate (SSP)
- Triple Super Phosphate (TSP)
- Others
- Potash Fertilizers
- Muriate of Potash (MoP)
- Sulfate of Potash (SoP)
- Secondary Macronutrient Fertilizers
- Calcium Fertilizers
- Magnesium Fertilizers
- Sulfur Fertilizers
- Micronutrient Fertilizers
- Zinc
- Manganese
- Copper
- Iron
- Boron
- Molybdenum
- Others
- Complex Fertilizers
Segmentation by Product Form:
- Dry
- Liquid
Segmentation by Crop Type:
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Flowers and Ornamentals
- Others
By Geography:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Also Read – Top 9 Largest Fertilizer Companies in World
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse related reports:
Indian Floriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Biochar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com