The global fertilizer market size was valued at $184.6 billion in 2021 and is projected to reach $251.57 billion by 2030, growing at a CAGR of 3.55% from 2022 to 2030.
Around the world, several governments and non-governmental organizations are raising awareness about fertilizer use and its positive impact on agricultural output. Fertilizer promotion via radio, television, and rural centers is expected to benefit the fertilizer market. Furthermore, rising rural incomes, as well as the ease and speed with which credit can be obtained, are expected to increase revenue generation.
The world's population is rapidly growing. Food demand is increasing as the population grows. Food supply has become a threat to this growing population. Arable land, on the other hand, is diminishing as a result of industrialization and urbanization. According to the FAO's 'The Resource Outlook to 2050,' crop production currently occupies more than 1.50 billion hectares of the world's land surface (about 12%). There is little room for further agricultural land expansion. According to several reports, the global per capita arable land area will fall to 0.18 ha by 2050, compared to 0.15 ha in developing countries and 0.42 ha in developed countries. Furthermore, the global population is expected to reach 7.4 billion in 2016.
A lack of understanding about fertilizer use is harming both soil and human health. Farmers prefer to overuse fertilizers in order to increase yield, which is detrimental to the environment. The absence of personal safety kits for handling and applying fertilizers is hazardous to human health.
The global fertilizer market analysis is segmented on the basis of type, application, and region. By type, market has been divided into organic and inorganic. By form, the analysis has been divided into dry and liquid. By application, the market is further divided into agriculture, horticulture, gardening, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Yara International, Nutrien Ltd., The Mosaic Company, Haifa Group, Syngenta AG, ICL Group Ltd., EuroChem Group, OCP Group S.A., K+S Aktiengesellschaft, and Uralkali.
Around the world, several governments and non-governmental organizations are raising awareness about fertilizer use and its positive impact on agricultural output. Fertilizer promotion via radio, television, and rural centers is expected to benefit the fertilizer market. Furthermore, rising rural incomes, as well as the ease and speed with which credit can be obtained, are expected to increase revenue generation.
The world's population is rapidly growing. Food demand is increasing as the population grows. Food supply has become a threat to this growing population. Arable land, on the other hand, is diminishing as a result of industrialization and urbanization. According to the FAO's 'The Resource Outlook to 2050,' crop production currently occupies more than 1.50 billion hectares of the world's land surface (about 12%). There is little room for further agricultural land expansion. According to several reports, the global per capita arable land area will fall to 0.18 ha by 2050, compared to 0.15 ha in developing countries and 0.42 ha in developed countries. Furthermore, the global population is expected to reach 7.4 billion in 2016.
A lack of understanding about fertilizer use is harming both soil and human health. Farmers prefer to overuse fertilizers in order to increase yield, which is detrimental to the environment. The absence of personal safety kits for handling and applying fertilizers is hazardous to human health.
The global fertilizer market analysis is segmented on the basis of type, application, and region. By type, market has been divided into organic and inorganic. By form, the analysis has been divided into dry and liquid. By application, the market is further divided into agriculture, horticulture, gardening, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Yara International, Nutrien Ltd., The Mosaic Company, Haifa Group, Syngenta AG, ICL Group Ltd., EuroChem Group, OCP Group S.A., K+S Aktiengesellschaft, and Uralkali.
Key Market Segments
By Application
- Agriculture
- Horticulture
- Gardening
- Others
By Type
- Organic
- Inorganic
By Form
- Dry
- Liquid
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Indonesia
- Pakistan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Egypt
- Argentina
- South Africa
- Rest of LAMEA
Key Market Players
- Nutrien
- Yara International
- Mosaic Company
- eurochem
- Israel Chemicals Limited
- cf industries
- OCP
- PhosAgro
- OCI
- Uralkali
- K+S
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FERTILIZER MARKET, BY TYPE
CHAPTER 5: FERTILIZER MARKET, BY FORM
CHAPTER 6: FERTILIZER MARKET, BY APPLICATION
CHAPTER 7: FERTILIZER MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Fertilizer Market," the fertilizer market was valued at $184.60 billion in 2021, and is estimated to reach $251.57 billion by 2030, growing at a CAGR of 3.55% from 2022 to 2030.Fertilizers are natural or synthetic substances that contain chemical elements that promote plant growth and productivity. Fertilizers either improve the soil's natural fertility or replace the chemical elements removed by previous crops. Nitrogenous, potash, and phosphate fertilizers are examples of modern fertilizers. Some fertilizers also include "micronutrients" like zinc and other metals that are required for plant growth.
The global fertilizer market analysis is segmented on the basis of type, form application, and region. By type, market has been divided into organic and inorganic. By form, the analysis has been divided into dry and liquid. By application, the market is further divided into agriculture, horticulture, gardening, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Yara International, Nutrien Ltd., The Mosaic Company, Haifa Group, Syngenta AG, ICL Group Ltd., EuroChem Group, OCP Group S.A., K+S Aktiengesellschaft, and Uralkali.
The report focuses on the global fertilizer market opportunity and the major products & applications, where Edge AI processors are utilized. It further highlights numerous factors that influence the market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on the overall demand for Fertilizer in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.
IMPACT OF COVID-19 ON THE GLOBAL FERTILIZER MARKET TRENDS
- The COVID-19 pandemic has had a negative impact on many economies around the world. COVID-19-fighting measures, such as complete lockdown and quarantine, have had a negative impact on many industries around the world, including a portion of the agriculture industry. Due to disrupted logistics and transportation, the fertilizers market in the agriculture sector experienced a significant slowdown in sales during the first quarter of 2020.
- The fertilizer industry has also experienced disruptions throughout the value chain, from raw material supply to manufacturing, packaging, and distribution.
- Since early 2020, the effects of the COVID-19 outbreak on the fertilizer market growth have been observed in China, one of world's largest consumers and producers of natural manure. The supply chain was impacted by the closure of Chinese production facilities and limitations on the exporters and importers of fertilizers and raw materials, particularly animal waste, to and from China's restricted areas. This scenario had an impact on the industry's production, sales, and operations.
- The pandemic is also expected to have a negative impact on the fertilizer market in many countries around the world, including the United States, India, Australia, Brazil, and the EU-5 countries. Many fertilizer plants in India have shut down or are operating at reduced capacity due to the countrywide lockdown, resulting in significant losses in the domestic market.
Key Findings of the Study
- On the basis of type, the inorganic fertilizer segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
- On the basis of form, the dry segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
- On the basis of application, the agriculture segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
- On the basis of region, Asia-Pacific is projected to have the fastest growing market during the forecast period.
Companies Mentioned
- Nutrien
- Yara International
- Mosaic Company
- Eurochem
- Israel Chemicals Limited
- Cf Industries
- Ocp
- Phosagro
- Oci
- Uralkali
- K+S
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | June 2022 |
| Forecast Period | 2021 - 2030 |
| Estimated Market Value ( USD | $ 184.6 billion |
| Forecasted Market Value ( USD | $ 251.57 billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
