Industry Background:
Nutrient management is critical so as to extend or maintain crop yields on one parcel of agricultural land. To fulfill crop needs throughout a season soil fertility must be consistently high. There are fourteen nutrients that are supplied to crops from soil and fertilizer sources. Of these, 6 are generally considered macronutrients, while the remainder is micronutrients. Macronutrients are employed in relatively larger amounts by the plant, however micronutrient deficiencies are equally damaging to yield and profitability. Nitrogen (N), phosphorous (P), and potassium (K) are the three main nutrients that are conventionally supplied by inorganic fertilizers. Nutrients may additionally be supplied by other products and processes like organic manures, plant residues, and biological processes. Practical nutrient requirements certainly crops should come from regionally specific guidelines hooked into the crop, environmental factors like soil type and weather, and therefore the nutrient being applied.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Agrium Inc. (Canada), Haifa Chemicals Ltd. (Israel), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), Coromandel International Ltd. (India) and Swarm Hub (United Kingdom) |
This growth is primarily driven by Rapidly Increasing Focus towards Water Quality Management and Increasing Awareness about Farm Resource Management, Affordability of Farm Inputs.
Globally, a noticeable market trend is evident Increase in the Knowledge of Farmers about the Technical Knowhow of Fertilizer Products Major Vendors, such as Agrium Inc. (Canada), Haifa Chemicals Ltd. (Israel), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), Coromandel International Ltd. (India) and Swarm Hub (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Increase in the Knowledge of Farmers about the Technical Knowhow of Fertilizer Products
Market Growth Drivers:
Rapidly Increasing Focus towards Water Quality Management and Increasing Awareness about Farm Resource Management, Affordability of Farm Inputs
Challenges:
Lack of Awareness in Underdeveloped Countries
Opportunities:
Expansion of the Global Fertilizer Use Scenario
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Crop Nutrient Management Market
- Analysis about New Entrants in Crop Nutrient Management Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Crop Nutrient Management Study Sheds Light on
The Crop Nutrient Management Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Crop Nutrient Management industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Crop Nutrient Management industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.