According to the recent report of the IMARC group, entitled “Fertilizer market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ”, the global fertilizer market share has shown moderate growth during the period 2015-2020 and is expected to grow at a CAGR of around 4% during the period 2021-2026.
Fertilizers are natural or chemical substances that are applied to the soil for the productive growth of crops. Some of the essential nutrients found in these fertilizers are nitrogen, phosphorus, and potassium. In addition to providing better crop yields, they also improve soil texture and fertility, replace lost nutrients, and increase water retention. There are two popular variations of fertilizers namely, inorganic and organic. Inorganic fertilizers are produced using synthetic chemicals that contain all the nutrients essential for sustainable crop growth. On the other hand, organic fertilizers are made from natural raw materials that enrich the soil with vital compounds and promote the reproduction of microorganisms.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
Global Fertilizer Market Trends:
The rapid increase in the world population is one of the major factors in the growth of the market as it has created a relentless demand for food all over the world. Apart from this, urbanization and industrialization have led to a decrease in arable land. As there is pressure on existing arable land to produce more food, the demand for advanced fertilizers has consequently increased. In addition, growing environmental concerns have led to the widespread practice of organic farming and an increase in demand for organic food. As a result, smallholder farmers are now turning to organic fertilizers from inorganic variants. In addition, technological advancements in this field are expected to drive the growth of the market. For example, there is a strong demand for nanofertilizers, which are encouraged by favorable government policies.
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Global Fertilizer Market Analysis and Segmentation 2021-2026:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
CF Industries, Haifa Group, Indian Farmers Fertilizer Co-operative Limited (IFFCO), Israel Chemicals Ltd. (ICL), Nutrien Limited, Sociedad Química y Minera (SQM), The Mosaic Company, Uralkali and Yara International.
The report has segmented the market on the basis of region, product type, product, product form, and crop type.
Breakdown by product type:
Breakdown by product:
Breakdown by product form:
Breakdown by crop type:
Cereals and cereals
Legumes and oilseeds
Fruits and vegetables
Flowers and ornamental plants
Breakdown by region:
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
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Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete 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 part of the customization.
Related report from the IMARC group:
Agricultural films market: https://www.imarcgroup.com/agricultural-films-market
Greenhouse Horticulture Market: https://www.imarcgroup.com/greenhouse-horticulture-market
Market for organic agricultural products: https://www.imarcgroup.com/agricultural-biologicals-market
Indian floriculture market: https://www.imarcgroup.com/flower-floriculture-industry-india
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