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The fertilizer market is evaluated at US$206.392 billion for the year 2019 growing at a CAGR of 1.98% reaching the market size of US$232.221 billion by the year 2025. Increasing emphasis on sustainable farming practices across the globe is another factor that is bolstering the growth of the fertilizer market.
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Fertilizer Market Forecast From 2019 to 2024
DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, A fertilizer is a type of material that is primarily applied to soil or the tissues of plants or crops with an aim to supply the necessary nutrients that are essential for the growth of plants. The nutrient capacity of the soil decreases after every harvest which is replenished by using fertilizers. The primary factors that are driving the market growth include the globally growing demand for food coupled with a significant decrease in the arable land globally. Rapid urbanization and industrialization are some of the major factors responsible in the reduction of the arable land as well as the quality and quantity of the available resources such as land, air, and water among others. Thus, an increase in agricultural output is required in the limited available resources which have led the farmers towards the increased usage of fertilizers primarily for increasing the output.
Key Questions Answered By The Report • What will be Fertilizers Marketfrom 2019 to 2024? • How are the major drivers and restraints affecting the Fertilizers Market? • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Fertilizer Market are : • By Type • Nitrogen • Phosphate • Potassium • By Crop Type • Cereals & Grains • Fruits & Vegetables • Oilseeds & Pulses • Other • By Form • Dry • Liquid
Geography • North America • USA • Canada • Mexico • South America • Brazil • Argentina • Others • Europe • Germany • France • UK • Others
Geography • Middle East and Africa • UAE • Saudi Arabia • Others • Asia Pacific • Japan • China • India • Sauth Korea • Others
COMPANY PROFILES • Yara International ASA • The Mosaic Company • Haifa Group • CF Industries Holdings, Inc. • Nutrien • K+S Aktiengesellschaft • The OCP Group • ICL Fertilizers • Syngenta AG • Sumitomo Chemical Co., Ltd. • IFFCO • EuroChem • SQM S.A. • Saudi Arabian Fertilizer Company • Uralkali PJSC
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