The global fertilizer market is anticipated to grow at a CAGR of around 3.0% during the forecast period 2020 to 2027 and to reach around US$ 252.5 Bn by 2027.

Market Dynamics

High government expenditure on development of agriculture sector, increasing awareness activities among farmers related to advanced fertilizers, coupled with innovative product offerings by major players are major factors expected to further support the growth of target market. In addition, rising demand for crops, coupled with increasing demand for advanced fertilizer in order to yield maximum plants/crops is another factor expected to further support the growth of target market.

Major players focus on business expansion through partnerships and agreements in order to enhance the customer base and increase the profit ratio this is expected to further impact the growth of target market positively.

• In 2019 Nutrien, Ltd. acquired Ruralco Holdings Limited this acquisition is expected to help the company to expand the business presence and enhance the profit ratio.
• In 2019, EuroChem Group a leading global agrochemical company opened its third new fertilizer production blending plant in Brazil. This production center was a new 27,000 m2 facility at Araguari in Minas Gerais, this is expected to help the company to enhance the customer base.
• In 2018, Haifa Group a manufacturer of potassium nitrate for agriculture and industry opened a subsidiary named Haifa Beijing Trading Company in China. This subsidiary would significantly help in expanding its offerings to the developing Chinese agricultural sector this will help the company to strengthen its position in the target market.
• In 2018 Yara International ASA a chemical manufacturing company acquired Vale Cubatão Fertilizantes. The acquisition will help the company to strengthened its position in Brazil’s nitrogen production assets and enhance the customer base.

However, factors such as stringent government regulation related to product approval and rising environment protection laws are expected to hamper the growth of global fertilizer market. In addition, lack of awareness and side-effects of fertilizers are expected to challenge the growth of target market.

High investment for R&D activities and introduction of organic fertilizers form major players are factors responsible to create new opportunities for players operating in the target market over the forecast period. In addition, player’s inclination towards developing economies in order to track the untapped market is expected to support the revenue traction of target market.

Fertilizer Market Segment Analysis, 2019

The global fertilizer market segmented into form, product, and application. The form segment is further bifurcated into dry and liquid. Among application agriculture segment is expected to account for significant revenue share in the global market. The application segment of the global market is further divide into agriculture, horticulture, gardening, and others.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to rising demand for crops. In addition, uncertainty in climatic condition, coupled with rising demand for advanced fertilizers is another factor expected to further support the growth of target market. Major players inclination towards developing countries in order to track the untapped market is another important factor expected to further support the growth of target market.

Asia Pacific is expected to witness faster growth in the near future owing to flourishing agriculture sector. In addition, high government spending on development of agriculture sector, coupled with innovative product offerings by major players is another important factor expected to further support the growth of target market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market	Global Fertilizer Market
Analysis Period	2016 – 2027
Base Year	2019
Forecast Data	2020 – 2027
Market Stratification	Form, Product, Application, and Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

 

The market research study on “Fertilizer Market (Form: Dry and Liquid; Product: Organic and Inorganic; Application: Agriculture, Horticulture, Gardening and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global fertilizer market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global fertilizer market segment by form, product, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global fertilizer market size and segment markets by form, product, application, and geography along with the information on companies operating in the market. The fertilizer market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report The Mosaic Company, CF Industries Holdings, Inc., Bunge Limited, Syngenta AG, Israel Chemicals Ltd. (ICL), Sumitomo Chemical Co., Ltd., Haifa Group, Yara International ASA, Nutrien Ltd., Indian Farmers Fertiliser Cooperative Limited (IFFCO), SQM S.A.

Market Segmentation

Market By Form

Dry

Liquid

Market By Product

Organic

• Plant-based fertilizers
• Animal-based fertilizers
• Mineral-based fertilizers

Inorganic

• Nitrogen

           Urea

           Anhydrous ammonia

           Ammonium nitrate

           UAN solutions

           Ammonium sulfate

• Phosphorus

           Diammonium phosphate

           Monoammonium phosphate

           Triple superphosphate

           Ordinary superphosphate

           Ammonium polyphosphate

           Others

• Potassium

           Potassium chloride

           Potassium sulfate

           Potassium nitrate

Market By Application

Agriculture

Horticulture

Gardening

Others

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa

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