About Fertilizers
Fertilizers are a natural or artificial substance having chemical elements that improve the productiveness of plants. Fertilizers increase the natural fertility of the soil by replacing the chemical elements taken from the soil by the previous crops. The fertilizers include elements that are important for nutrition such as nitrogen, phosphorus, and potassium and other secondary important elements are sulphur, magnesium, and calcium. The most common minerals are Nitrogen, Phosphorus and Potassium. Most of the areas do not need fertilization only rural areas needing fertilization are interchanges with turfgrass.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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 Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fertilizers market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Coromandel International (India), Yara International ASA (Norway), CF Industries Holdings, Inc. (United States), Agrium (Canada), Bunge Limited (United States), EuroChem Group AG (Switzerland), Potash Corporation of Saskatchewan (Canada), PhosAgro (Russia), Agrium Inc. (Canada) and Israel Chemicals Limited (Israel) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Zuari Agro Chemicals Ltd (India), Shikefeng Chemical (China), Adventz Group (India) and PJSC PhosAgro (Russia).
Segmentation Overview
AMA Research has segmented the market of Global Fertilizers market by Type (Complete Inorganic Fertilizers, Special Purpose Fertilizer, Liquid Fertilizers, Slow-Release Fertilizer and Fertilizer with Insecticide), Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Turf and Ornamentals and Other Applications) and Region.
On the basis of geography, the market of Fertilizers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Materials, the sub-segment i.e. Nitrogen will boost the Fertilizers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Methods, the sub-segment i.e. Broadcasting will boost the Fertilizers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upsurge Demand of Complex Fertilizers in the Asia Pacific and Africa Regions, Adoption of Bio-Based Fertilizer in Nitrogenous Fertilizer and Acceptance of Urea as the Widely Used Nitrogenous Fertilizer across the World
Market Growth Drivers:
Rising Food Demand, Due To the Increasing Population and the Government Funding and Raising Awareness about Soil Profile and Nutritional Balance, Backed By State Support
Challenges:
Stringent Regulations That Been Banned Several Harmful Fertilizers and The fluctuation of Raw Materials Is Anticipated To Challenge the Market
Restraints:
Growth of the Organic Fertilizers Industry Hampers the Complex Fertilizers Market, Depressed Commodity Prices Issues Create Disturbance in Complex Fertilizers Market and High Production Cost
Opportunities:
Upsurge Demand of Complex Fertilizers in Advanced Irrigation Systems and Growing Need for Increased Soil Fertility Due To Increasing Population
Market Leaders and their expansionary development strategies
In September 2022, Nouryon has entered into a definitive agreement to acquire ADOB Fertilizers, a leading supplier of chelated micronutrients, foliars and other specialty fertilizers. The acquisition will enable Nouryon to expand its product portfolio and broaden its offerings for customers in the crop nutrition market.
In July 2023, Krishana Phoschem Limited introduced two complex fertilizers, Bharat DAP and Bharat NP at a launch programme here. The fertilisers will be sold in Andhra Pradesh and Telangana. Munara Agro Technologies Pvt. Ltd. is the master distributor of the company.
“According to the government of India, it provides Essential Commodities Act, 1955, where Biofertiliser means the product containing carrier-based (solid or liquid) living microorganisms that are agriculturally useful in terms of nitrogen fixation, phosphorus solubilization or nutrient mobilization, to increase the productivity of the soil.” and Additionally, Regulatory body FAO deals informing of fertilizer laws and regulations regarding fertilizer production, import or trade. Additionally, all imports of fertilizers should obey the standards enforced by the Tanzania Fertilizer Regulatory Authority (TFRA)
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Fertilizers Manufacturers, Suppliers, and Distributors, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.