Bharat Book Bureau Provides the Trending Market Research Report on “Global Fertilizer Market Outlook, 2027” under Food & Beverage Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
According to the report title “Global Fertilizer Market Outlook, 2027”, published by Bonafide Research, the consumption of the global fertilizer market is expected to reach more than $260 Billion by the year 2027. In volume terms, nitrogenous fertilizer has the highest market share, followed by phosphate and Potash fertilizer. The majorly consumed fertilizers are Urea, DAP, MAP, MOP, and Complex.
Fertilizer applications are dependent on the need of nutrients by plants. The most important nutrient is nitrogen. The fertilizers are majorly consumed by these categories like fruits & vegetables, oilseeds & pulses, cereals & grains and other plants. The majority of fertilizers are used in the production of vegetables/fruits and cereals/pulses with around 70-80% market share.
Latin America has different scenario in consumption of fertilizer by application compared to Europe and Asia-Pacific. Each fertilizer product has its own benefits though complex fertilizer leads with the highest market share followed by Urea, DAP and MOP into global fertilizer consumption. Argentina leads in MAP fertilizer while Saudi Arabia leads in DAP fertilizer’s market share in the phosphate fertilizer segment. Most of the fertilizers are consumed by Wheat, rice, maize, soybean, vegetable, sugar crops, fruits and other food crops.
Plants provide food, fiber, shelter and a host of other welfare and fertilizer plays a significant role in this process. The world’s population is expected to increase by 2 billion persons in the next 30 years, from 7.7 billion currently to 9.7 billion in 2050 (Source: United Nations). So in order to fulfill the increased global food demand fertilizers will be needed more than ever to boost crop production to keep people fed and healthy. A fertilizer is a product containing various types of nutrients by which plants can grow more efficiently.
Crop nutrients not only enhance the growth of plants but also aid the fertility of the soil with various numerous minerals and other elements. It is available in varied forms like solid and liquid. The market has distinct types of fertilizers available specific to their need, so it is beneficial to have in-depth knowledge of their types before utilizing them. The chemical fertilizer is mainly sub-divided into three major nutrients as Nitrogenous fertilizer, Phosphate fertilizer & Potash fertilizer. The complex fertilizer has its own dominance because it contains two or more than two nutrients within it in order to provide multiple nutrients and solutions.
COVID-19 Impact:
The fertilizer industry has not been significantly affected by COVID-19 because many countries have exempted the segment during the lockdown period. Though the lack of the supply of raw materials & manpower the market had gotten away from it y-o-y growth. The economic issues are now being felt in the regions where the coronavirus is increasing, such as Asia, America and Europe. During the COVID-19 the fundamentals of the fertilizer industry are strong even during the crisis. The demand is driven by the increasing use of crop nutrients in crop production to fulfill the growing food demand. There are some crucial factors for stable global fertilizer consumption like population growth, growth of the world GDP, alternative uses of crops, etc. So in order to maintain the growth of the current and future coming problems the agriculture’s R&D departments are persevering.
Major Companies present in the market:
The Mosaic Company, Yara International, Nutrien Limited, K+S Aktiengesellschaft, OCP Group, CF Industries Holdings, Sociedad Química y Minera de Chile (SQM), National Fertilizers Limited Coromandel International Limited, EuroChem Group, Wesfarmers, Indian Farmers Fertilizer Co-operative Limited (IFFCO)
Considered in this report
• Geography: Global
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027
Aspects covered in this report
• Global fertilizer market with its value and forecast along with its segments
• Region & country wise fertilizer market analysis
• Application wise fertilizer consumption
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Regions covered in the report
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa
Types of fertilizer by nutrient in the report:
• Nitrogenous fertilizer (Urea, ammonium sulphate, Calcium ammonium nitrate/ ammonium nitrate, others UAN, anhydrous ammonia etc.)
• Phosphate fertilizer (Diammonium phosphate, monoammonium phosphate, others phosphate rock, superphosphates etc.)
• Potash fertilizer (Muriate of potash/potassium chloride, sulphate of potash others potassium nitrate etc.)
• Complex fertilizer (NPK, NK, PK, NP compounds etc.)
By Product type in the report:
• Urea
• Ammonium sulphate
• Calcium ammonium nitrate/ Ammonium nitrate
• Di-ammonium phosphate (DAP)
• Mono-ammonium phosphate (MAP)
• Muriate of potash (MOP)/ (KCl)
• Sulphate of potash (SOP)
• Complex (NPK, NK, PK, NP)
By physical formulation in the report:
• Dry
• Liquid
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases.
After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Browse our full report with Table of Content :
https://www.bharatbook.com/report/1339639/global-fertilizer-market-outlook
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