The global fertilizer market is anticipated to grow at a CAGR of around 3.0% during the forecast period 2020 to 2027 and to reach around US$ 252.5 Bn by 2027.
High government expenditure on development of agriculture sector, increasing awareness activities among farmers related to advanced fertilizers, coupled with innovative product offerings by major players are major factors expected to further support the growth of target market. In addition, rising demand for crops, coupled with increasing demand for advanced fertilizer in order to yield maximum plants/crops is another factor expected to further support the growth of target market.
Major players focus on business expansion through partnerships and agreements in order to enhance the customer base and increase the profit ratio this is expected to further impact the growth of target market positively.
However, factors such as stringent government regulation related to product approval and rising environment protection laws are expected to hamper the growth of global fertilizer market. In addition, lack of awareness and side-effects of fertilizers are expected to challenge the growth of target market.
High investment for R&D activities and introduction of organic fertilizers form major players are factors responsible to create new opportunities for players operating in the target market over the forecast period. In addition, player’s inclination towards developing economies in order to track the untapped market is expected to support the revenue traction of target market.
Fertilizer Market Segment Analysis, 2019
The global fertilizer market segmented into form, product, and application. The form segment is further bifurcated into dry and liquid. Among application agriculture segment is expected to account for significant revenue share in the global market. The application segment of the global market is further divide into agriculture, horticulture, gardening, and others.
Segment Analysis by Region
The market in North America is expected to account for significant revenue share owing to rising demand for crops. In addition, uncertainty in climatic condition, coupled with rising demand for advanced fertilizers is another factor expected to further support the growth of target market. Major players inclination towards developing countries in order to track the untapped market is another important factor expected to further support the growth of target market.
Asia Pacific is expected to witness faster growth in the near future owing to flourishing agriculture sector. In addition, high government spending on development of agriculture sector, coupled with innovative product offerings by major players is another important factor expected to further support the growth of target market.
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Global Fertilizer Market
2016 – 2027
2020 – 2027
Form, Product, Application, and Geography
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
The market research study on “Fertilizer Market (Form: Dry and Liquid; Product: Organic and Inorganic; Application: Agriculture, Horticulture, Gardening and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global fertilizer market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global fertilizer market segment by form, product, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global fertilizer market size and segment markets by form, product, application, and geography along with the information on companies operating in the market. The fertilizer market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report The Mosaic Company, CF Industries Holdings, Inc., Bunge Limited, Syngenta AG, Israel Chemicals Ltd. (ICL), Sumitomo Chemical Co., Ltd., Haifa Group, Yara International ASA, Nutrien Ltd., Indian Farmers Fertiliser Cooperative Limited (IFFCO), SQM S.A.
Market By Form
Market By Product
Market By Application
Market By Region
Middle East & Africa
The global fertilizer market in 2027 is expected to be above US$ 252.5 Billion.
The CAGR of the global fertilizer market from 2020-2027 is above 3.0%.
Some of the players considered in the report scope are Sumitomo Chemical Co., Ltd., Haifa Group, Yara International ASA, Nutrien Ltd., Indian Farmers Fertiliser Cooperative Limited (IFFCO).
In the global market the Asia Pacific region is expected to grow faster.
In application segment the agriculture's growing at faster pace.
The report provides insights on global fertilizer market segment by form, product, application, and major geographic regions.
The fertilizer market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.