Fertilizer Market Size, Share, Industry Analysis Report 2021-2026

Press Release:

Global Fertilizer Market to Witness Moderate Growth During 2020-2025, Bolstered by Rising Organic Farming Practices

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Fertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global fertilizer market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.

A fertilizer is a chemical mixture that is added into the soil for supplying essential nutrients for the growth of farm crops. Organic and inorganic variants are the most common types of fertilizers available in the market. Organic fertilizers are manufactured using carbon-based agricultural waste, livestock manure, industrial waste and municipal sludge. On the other hand, inorganic variants are produced using various chemicals and secondary nutrients. They are primarily used to provide specific nutrients that are deficient in the soil and are a rich source of potassium, nitrogen, phosphorus and other nutrients that are crucial for sustainable food production and high crop yield. They also aid in maintaining soil fertility and improving its water retention capacity.

Fertilizer Market Trends:

Significant growth in the agriculture sector, along with an increasing requirement for enhancing soil fertility and crop growth, is one of the key factors driving the growth of the market. In line with this, the widespread adoption of organic farming practices as a means of sustainable development to bridge the substantial demand and supply gap of food products is also providing a boost to the market growth. Additionally, the development of advanced farming techniques and increasing utilization of bio-fertilizers are acting as other major growth-inducing factors. Apart from this, expanding trade activities of crops and produce, especially with developing nations, are also creating a positive impact on the market. Other factors, including the implementation of favorable government policies promoting the usage of nano-fertilizers for the maintenance of flat green grounds and fields, coupled with increasing environmental consciousness across the globe, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fertilizer market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, product, product form and crop type.

Breakup by Product Type:

Chemical Fertilizer
Biofertilizers

Breakup by Product:

Straight Fertilizers
- Nitrogenous Fertilizers
  - Urea
  - Calcium Ammonium Nitrate
  - Ammonium Nitrate
  - Ammonium Sulfate
  - Anhydrous Ammonia
  - Others
- Phosphatic Fertilizers
  - Mono-Ammonium Phosphate (MAP)
  - Di-Ammonium Phosphate (DAP)
  - Single Super Phosphate (SSP)
  - Triple Super Phosphate (TSP)
  - Others
- Potash Fertilizers
  - Muriate of Potash (MoP)
  - Sulfate of Potash (SoP)
- Secondary Macronutrient Fertilizers
  - Calcium Fertilizers
  - Magnesium Fertilizers
  - Sulfur Fertilizers
- Micronutrient Fertilizers
  - Zinc
  - Manganese
  - Copper
  - Iron
  - Boron
  - Molybdenum
  - Others
Complex Fertilizers

Breakup by Product Form:

Dry
Liquid

Breakup by Crop Type:

Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Flowers and Ornamentals
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being CF Industries, Haifa Group, Indian Farmers Fertiliser Co-operative Limited (IFFCO), Israel Chemicals Ltd. (ICL), Nutrien Limited, Sociedad Química y Minera (SQM), The Mosaic Company, Uralkali and Yara International.

Key Questions Answered in This Report:

How has the global fertilizer market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global fertilizer market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the product?
What is the breakup of the market based on the product form?
What is the breakup of the market based on the crop type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global fertilizer market and who are the key players?
What is the degree of competition in the industry?