Market Snapshot:
Chemical fertilizers are also called inorganic or synthetic fertilizers. These are made of chemical compounds that provide essential nutrients for healthy plant growth. The main components of fertilizer are Nitrogen, Phosphorous, and Potassium. Other nutrients present are categorized as secondary nutrients and micronutrients. There is a constant need to replace the mineral content of the soil to maintain optimum growth and appearance. The main purpose of using chemical fertilizers is to improve soil fertility and replace depleted chemical elements taken from the soil by previous harvests.
Highlights from Chemical Fertilizers Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Borealis (Austria), The Mosaic Company (United States), Wengfu Group (China), Nutrien (Canada), CF Industries Holdings Inc. (United States), Sinochem (China), EuroChem Group (Switzerland), China BlueChemical Ltd. (China), National Fertilizers Ltd (India) and Chambal Fertilisers & Chemicals Ltd (KK Birla) (India). Additionally, other players that are part of this comprehensive study are Yara International (Norway), Coromandel International Ltd (India), Lenan Xinlianxin (China XLX) (China), Luxi Chemical Group (China), Israel Chemicals (Israel), Bunge Limited (United States) and Hubei Xinyangfeng Fertilizer Industry (China).
Geographic Breakdown and Segment Analysis
The Global Chemical Fertilizers market presents a comprehensive analysis of the Chemical Fertilizers market by product type (Nitrogenous, Potassic and Phosphate), by end-user/application (Agriculture, Horticulture and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Chemical Fertilizers industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Chemical Fertilizers market
Analyst at AMA have segmented the market study of Global Chemical Fertilizers market by Type, Application and Region. On the basis of application, Agriculture segment is dominating the market where as Horticulture segment stood as second largest market.
Influencing Trend:
Technological Advancements in Fertilizer Production Technologies
Market Growth Drivers:
Rising Demand for Highly Nutritious Food Crops Owing To Rising Population, Increasing Need to Boost Agricultural Yield to Meet the Demands, Rising Need to Grow Crops in Shorter Span and Aid Faster Payback and Increasing Demand for Easy-To-Use Fertilizers is Boosting Sales
Challenges:
Need To Develop Fertilizers with Low Carbon Footprints
Restraints:
The Emergence of Non-Toxic Organic Fertilizers That Cause Minimum Harm to the Ecosystem
Opportunities:
Rising Food Security Concerns Are Fueling Demand for Fertilizers That Speed Up Crop Growth Process and Government Subsidies to Farmers in Developing Countries Will Boost Sales
Market Developments Activities:
In 2018, the Mosaic Company completed the acquisition of Vale Fertilizantes, the fertilizer division of Brazil-based mining company Vale S.A. This acquisition expanded Mosaic's presence in Brazil and increased its production and distribution capabilities in the region.
In December 2022, an Indian manufacturer of industrial and agricultural chemicals, fertilizers, and crop nutrients, Deepak Fertilisers & Petrochemicals Corporation, declared that it has created new soil nutrients to boost crop production. The company wants to strengthen its array of agricultural nutrients, and this would help the chemical fertilizers market in India flourish.
Regulatory Insights:
According to Food and Agriculture Organization, “The minimum guaranteed amount of total nitrogen, available phosphorus, expressed as P2C5" and potassium soluble in water expressed as K20 must be 35 percent in compound chemical fertilizers.”
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies.
Key Target Audience
Chemical Fertilizers Manufacturer, Chemical Fertilizers Traders/Distributors/Suppliers, Chemical Fertilizers Raw Material Supplier, Chemical Fertilizers End-Users, Downstream Vendors, Government Bodies & Associations, Regulatory & Government Bodies, Healthcare Industry and Others