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NPK fertilizers Market by Application, Form, Type, and Region - 2023

The NPK fertilizers (food-grade) market is estimated to be valued at USD 2.4 billion in 2018 and is projected to reach USD 2.9 billion by 2023, at a CAGR of 4.0% during the forecast period. Rise in consumption of meat & dairy products due to rising disposable income and focus on nutrition is expected to drive the NPK fertilizers (food-grade) market.

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NPK fertilizers Market by Application, Form, Type, and Region - 2023

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  1. MarketsandMarkets™ Presents NPK Fertilizers Market - Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/npk-fertilizers-market-197135673.html

  2. The report "NPK fertilizers (feed-grade and food-grade) Market by Application (Bakery Products, Meat & Meat Products, Dairy Products, and Beverages), Form (Powder, Liquid, and Others), Type (Nitrogen, Phosphorus, Potassium, and Others), and Region-Global Forecast to 2023" The NPK fertilizers (food-grade) market is estimated to be valued at USD 2.4 billion in 2018 and is projected to reach USD 2.9 billion by 2023, at a CAGR of 4.0%. The market is driven by the rise in consumption of meat & dairy products and increasing awareness about the quality of food products Asia Pacific is projected to be the fastest-growing market during the forecast period The Asia Pacific market is expected to grow at the highest CAGR from 2018 to 2023. The high growth is attributed to the changing food consumption patterns owing to rising income and urbanization, especially in South Asian countries. Further, growth can be attributed to the increasing urbanization in the region, resulting in a growing demand for food security and quality food. The global market for NPK fertilizers (feed-grade and food-grade) is dominated by large-scale players such as Borealis AG (Austria), AkzoNobel (Netherlands), Yara International ASA (Norway), PetróleoBrasileiro S.A. (Brazil), and Agrium Inc. (Canada). Furthermore, The Mosaic Company (US), Israel Chemicals Ltd. (Israel), EuroChem (Switzerland), PotashCorp (Canda), Alltech (US), PhosAgro (Russia), Haifa Chemicals (Israel), and SKW StickstoffwerkePiesteritz (Germany) are the other players that hold a significant share in the NPK fertilizers (feed-grade and food-grade) market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=197135673

  3. Report Objectives: • Determining and projecting the size of the NPK fertilizers (food-grade) market with respect to type, form, application, and regional markets, over five years ranging from 2018 to 2023 • Determining and projecting the size of the NPK fertilizers (feed-grade) market with respect to type, livestock, and regional markets, over five years ranging from 2018 to 2023 • Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions • Analyzing the segments and subsegments of the global NPK fertilizers (feed-grade and food-grade) market included in the report with respect to individual growth trends, prospects, and their contribution to the global market • Identifying and profiling the key players in the NPK fertilizers (feed-grade and food-grade) market • Determining the market ranking of the key players operating in the NPK fertilizers (feed-grade and food-grade) market • Understanding the competitive landscape and identifying the major growth strategies adopted by the players across the key regions • Analyzing the market dynamics and competitive situations & trends across regions and their impact on prominent market players • Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=197135673

  4. By type, phosphorus is expected to be the largest contributor in the NPK fertilizers (food-grade) market during the forecast period The NPK fertilizers (food-grade) market, based on type, has been segmented into phosphorus, nitrogen, potassium, and others. The phosphorus segment is estimated to dominate the market in 2018 and is also projected to be the fastest-growing segment during the forecast period. The usage of phosphate in the food industry is increasing due to its lower price compared to traditional food additives. By form, powder form accounts for the largest market in the NPK fertilizers (food-grade) market during the forecast period The NPK fertilizers (food-grade) market, by form, has been segmented into powder, liquid, and others. The market is estimated to be dominated by the powder segment in 2018 and is also projected to grow at the highest CAGR. Powdered NPK fertilizers (food-grade) have a longer shelf life compared to liquid NPK fertilizers (food-grade)and are also convenient to apply and transport. By application, meat and meat products are expected to grow at the fastest rate during the forecast period. Based on application, the NPK fertilizers (food-grade) market is segmented into dairy products, bakery products, meat & meat products, and beverages. The meat & meat products segment is estimated to dominate the market in 2018 owing to the increasing demand for processed and packed meat around the world, especially from developing countries such as India, China, and Brazil.Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=197135673

  5. Recent Developments: • In January 2018, Yara Fertilizers India acquired the complete business of Tata Chemicals’ urea fertilizers business in India. With this acquisition, Yara gains a significant position in North India with access to a strong network of 650-700 dealers. It will enable the company to provide enhanced crop nutrition solutions to farmers, he said in a statement. • In January 2018, The Mosaic Company acquired Vale Fertilizers, a Brazilian fertilizer company. Through the transaction, Mosaic also will buy the Kronau potash project in Canada and Vale Fetilizantes’ 40% stake in the Miski Mayo phosphate mine in Peru • In August 2017, EuroChem Group AG announced the acquisition of EmergerFertilizantes SA, a privately-owned distributor of premium and standard fertilizers in Argentina. This acquisition will further strengthen EuroChem’s footprint in Latin America, which is an important region currently accounting for 11% of the Group’s fertilizer sales. • Key Questions addressed by the report • Where are the industry players positioned in the industry in terms of the micro quadrants? • What are the major industry applications for the NPK fertilizers (food-grade)market? • Which are the major factors expected to drive the market in the near future? • Which region would offer a higher growth for the players in the market? • Which type would see the largest market share in the market? • Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=197135673

  6. Contact Us Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: sales@marketsandmarkets.comBlog @ https://mnmblog.org/market-research/agriculture Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

  7. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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