DUBLIN--(BUSINESS WIRE)--The "Fertilizer Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The fertilizer market is evaluated at US$206.392 billion for the year 2019 growing at a CAGR of 1.98% reaching the market size of US$232.221 billion by the year 2025.
A fertilizer is a type of material that is primarily applied to soil or the tissues of plants or crops with an aim to supply the necessary nutrients that are essential for the growth of plants. The nutrient capacity of the soil decreases after every harvest which is replenished by using fertilizers. The primary factors that are driving the market growth include the globally growing demand for food coupled with a significant decrease in the arable land globally. Rapid urbanization and industrialization are some of the major factors responsible in the reduction of the arable land as well as the quality and quantity of the available resources such as land, air, and water among others.
Thus, an increase in agricultural output is required in the limited available resources which have led the farmers towards the increased usage of fertilizers primarily for increasing the output. The global population has been rising constantly and with the increasing global population as well as the urban population, the demand for nutritional food is increasing. Increasing emphasis on sustainable farming practices across the globe is another factor that is bolstering the growth of the fertilizer market. The use of synthetic fertilizers derived from fossil fuels has led to increased agricultural production on limited arable land across the globe. However, growing awareness and concern over their adverse effects on soil productivity and environmental quality is forcing scientists to discover alternatives such as fertilizers made from organic materials. The use of or organic fertilizers leads to sustainable farming thereby leading to food safety and sustainable crop production.
Participation by market players
There is a high volume of companies working in the fertilizer market, however, some have solidified their position as the leading providers in this industry. These players are involved in a plethora of investments, product launches, and R&D as a part of their growth strategies to further strengthen their position and provide better products and services to their customers worldwide, which is further expected to propel the growth of the market in the coming years. For instance, the Indian Government announced its plans to reduce the dependency on fertilizer imports as a part of their Self Reliant India scheme and announced the construction of five new fertilizer manufacturing plants across the country by the year 2023 to meet the growing domestic demands.
APAC to hold a considerable share
Geographically, the Asia Pacific region is projected to hold a substantial market share throughout the course of the next five years on account of the major agricultural output giving countries such as China and India among others. Moreover, the presence of a comparatively large population base in the APAC region further leads to increased food demand. Which in turn is positively impacting the growth of the fertilizer market in the Asia Pacific region throughout the forecast period.
Companies Mentioned
- Yara International ASA
- The Mosaic Company
- Haifa Group
- CF Industries Holdings, Inc.
- Nutrien
- K+S Aktiengesellschaft
- The OCP Group
- ICL Fertilizers
- Syngenta AG
- Sumitomo Chemical Co., Ltd.
- IFFCO
- EuroChem
- SQM S.A.
- Saudi Arabian Fertilizer Company
- Uralkali PJSC
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Fertilizer Market Analysis, by Type
5.1. Introduction
5.2. Nitrogen
5.3. Phosphate
5.4. Potassium
6. Fertilizer Market Analysis, by Crop Type
6.1. Introduction
6.2. Cereals & Grains
6.3. Fruits & Vegetables
6.4. Oilseeds & Pulses
6.5. Other
7. Fertilizer Market Analysis, by Form
7.1. Introduction
7.2. Dry
7.3. Liquid
8. Fertilizer Market Analysis, by Geography
8.1. Introduction
8.2. North America
8.3. South America
8.4. Europe
8.5. Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/qrgakx
