The global fertilizer market reached a value of US$ 163.2 Billion in 2021. As per the analysis by IMARC Group, the top manufacturers in the fertilizer market are leveraging advanced tools in the production stage to improve nutrient efficiency and minimize environmental impact. The establishment of a large-capacity ammonia plant close to the source of low natural gas and transferring the liquefied ammonia to international commerce represents one of the key developments in the fertilizer market. Key players are also advancing the cyanamide process, which is a nitrogen fixation reaction of calcium carbide with nitrogen gas in a reactor vessel. These improvements are aiding in reducing temperature requirements, increasing purity, and strengthening cyanamide’s position as a fertilizer. In the chemical industry, manufacturers are exploring new minable phosphate rock deposits, upgrading the ore, increasing output and the use of triple superphosphate, and improving the nitro phosphate processes. Some other recent developments include solution mining, flotation recovery of potassium, and extraction of potassium chloride from sylvinite ore.
On the application side, to make fertilizer more sustainable, key players are improving nutrient use efficiency (NEU), which is the ratio between input of nutrients and output in terms of the nutrients taken up in the harvested crop. The industry is also developing techniques to produce green ammonia from sustainable, carbon-neutral inputs through electrochemical processes, photocatalytic devices, and advanced nuclear concepts. Apart from this, the fertilizer industry is highly regulated and monitored by governments of various nations, wherein the price at which the fertilizer is sold to the beneficiary is reimbursed by the government in the form of subsidiary. Other areas of innovations include the development of product variantsthat improve plant resilience to flooding and droughts, organo-mineral offerings that combine organic and mineral fertilizers, and combined mineral fertilizers produced with biologicals and biostimulants. Looking forward, IMARC Group expects the market to reach US$ 203.5 Billion by 2027, exhibiting a CAGR of 3.9% during 2022-2027.
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List of Largest Fertilizer Companies Worldwide:
Headquarter:Illinois, United States
CF Industries manufactures and distributes nitrogen and phosphate fertilizer products, including ammonia, urea, diesel exhaust fluid, urea ammonium nitrate solution, and aqua ammonia. The company has nine production complexes worldwide with unparalleled storage, transportation, and distribution networks across the United States, Canada, North America, and the United Kingdom.
Headquarter: Haifa, Israel
Haifa Group is a multinational corporation that is one of the leading suppliers of specialty fertilizers and plant nutrients, including agricultural and industrial grade potassium nitrate. The company manufactures controlled release fertilizers (CRF), biostimulants, and industrial chemicals for agriculture, horticulture, ornamentals, and turf. These products are used on high-value crops, such as fruit trees and vegetables. Apart from this, Haifa owns three production facilities in France, Israel, and the United States, along with its several subsidiaries operating across five continents.
Indian Farmers Fertiliser Co-operative Limited (IFFCO)
Headquarter: Delhi, India
IFFCO is a multi-state cooperative society that is engaged in the manufacturing and marketing of fertilizers. It enables Indian farmers to prosper through timely supply of high quality and reliable agricultural inputs in a sustainable manner through cost-effective technologies. IFFCO also offers other services through its associated subsidiaries and international joint ventures, such as Indian Potash Limited (IPL), Godavari Fertilisers and Chemicals Ltd (GFCL), Industries Chimiques du Senegal (ICS), Oman India Fertiliser Company (SAOC), Jordan India Fertiliser Company LLC, and IFFCO Kisan Special Economic Zone Limited.
Israel Chemicals Ltd. (ICL)
Israel Chemicals Ltd. is a manufacturer of fertilizers, metals, and other special-purpose chemical products. It serves primarily three markets, namely fertilizers, industrial goods, and performance products. The fertilizer segment is engaged in the production of high-performance plant nutrition, potash, phosphate fertilizer, phosphoric acid, specialty fertilizers, phosphate rock, and tailor-made compound fertilizers. The other two units produces flame retardants (FR), bromine compounds, rich mineral sources found in the Dead Sea, coatings, and cleaning products. Apart from this, it also produces alumina-based and other products for the paper and water treatment industries.
Nutrien Limited, formed through the merger of PotashCorp and Agrium, is a Canada-based company that provides crop inputs and services to agricultural, industrial, and feed customers. The company operates through Retail Ag solutions, Potash, Nitrogen, and phosphate segments, wherein they distribute crop nutrients, crop protection products, and seed and merchandises. These products are directly sold to growers through a network of farm centers located across North America, South America, and Australia.
Sociedad Química y Minera (SQM)
Headquarter: Santiago, Chile
SQM is a chemical company, non-metallic miner, and supplier of specialty fertilizers and industrial chemicals with its main production facilities located in the Atacama Desert. It is one of the global leaders in each of its five business units, namely specialty plant nutrition, iodine and derivates, lithium and derivates, and potassium and solar salts. Some common industrial chemicals offered by the company includes nitrates, potassium, chloride, boric acid, and magnesium chloride. SQM is focusing on innovation and technological development by adapting its production, commercial, logistics, and management processes to the different market conditions. This ensures operational continuity under sustainable parameters and the creation of better values for customers and shareholders.
The Mosaic Company
Headquarter: Florida, United States
The Mosaic Company, formed through the merger between IMC Global and Cargill, is a producer and marketer of concentrated phosphate, animal feed ingredients, and potash crop nutrients. It majorly operates through its internal distribution and Mosaic Fertilizantes units, catering to wholesalers, retail dealers, and individual growers worldwide. The company owns and operates mines, which produces concentrated diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products. Apart from this, Mosaic sells its animal feed ingredients and potash magnesium products under the Biofos, Nexfos, and K-Mag brands.
Headquarter: Berezniki, Russai
Uralkali is a vertically integrated potash producer with its assets consisting of five mines and seven ore-treatment mills in Russia. It controls the whole production chain, including potassium ore mining, potash fertilizer production, and supply to customers. The organization produces standard and granular potassium chloride (KCI), sodium chloride (NaCl), and carnalite. These products are exported to over 60 countries, with some of the major markets including Brazil, India, China, Russia, Europe, and the United States,
Headquarter: Oslo, Norway
Yara International is an investment holding company that is engaged in the production, distribution, and sale of nitrogen chemicals. Its largest business area involves the production of nitrogen fertilizer, ammonia, urea, specialty mineral fertilizers, and other potash-based fertilizers. Yara operates through three segments, namely downstream, industrial, and upstream and also delivers solutions for sustainable agriculture.
About IMARC Group:IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the fertilizer market, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:
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- Innovation and Product Development