Global fertilizers market is expected to grow at a steady rate during the forecast period. The global fertilizers market is driven by the growing need to maintain food safety and security. This includes increasing the produce and supplying essential nutrients to the soil, which in turn is expected to fuel the market growth through 2025. Additionally, rapid urbanization and industrialization has led to shrinking in the land found at for agricultural activities, thereby propelling the market growth over the next few years. Furthermore, increasing demand for organic food is expected to positively influence the market growth during the forecast period. Besides, technological advancements in the field of agriculture such as incorporation of AI and IoT, precision agriculture, among others, are expected to create lucrative opportunities for the market growth over the next few years. However, sudden outbreak and spread of pandemic COVID-19 led to the lockdown across nations shutting all manufacturing, agriculture, and other activities. This has hampered the agricultural industry on account of the demand supply gap, thereby slowing down the market growth.
The global fertilizers market is segmented based on type, origin, form, mode of application, crop type, company and region. Based on type, the market can be split into straight and complex. The straight type can further be categorized into nitrogenous, phosphatic, potash, secondary macronutrient fertilizers, micronutrient fertilizers and others. Among these, the micronutrient fertilizers segment is expected to hold a significant market share in the market as most of the soils are devoid of micronutrients, especially zinc, which is essential for the growth of crop. Based on form, the market can be bifurcated into solid and liquid. Here, the liquid form is expected to dominate the market owing to their efficacy and stability. Additionally, these are easily absorbed by the plants and crops, which is anticipated to drive the market growth.
Regionally, the global fertilizers market
Major players operating in the global fertilizers market include Yara International ASA, The Mosaic Company, Nutrien Limited, K+S AG, Groupe OCP, CF Industries Holdings, Saudi Basic Industries Corporation (SABIC), Bunge Limited, Syngenta AG, BASF SE, Bayer Crop Science, Agrium, Sumitomo Chemical Co. Ltd., Indian Farmers Fertilizer Cooperative Limited, Coromandel International Ltd. and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions.
Years considered for this report
Historical Years2015-2018
Base Year2019
Estimated Year2020
Forecast Period2021–2025
Objective of the Study
- To analyze and estimate the market size of
global fertilizers market from 2015 to 2018.
- To estimate and forecast the market size of global
fertilizers market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast global fertilizers market
based on type, origin, form, mode of application, crop type, company and
regional distribution.
- To identify dominant region or segment in the
global fertilizers market.
- To identify drivers and challenges for global fertilizers
market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
fertilizers market.
- To identify and analyze the profile of leading
players operating in global fertilizers market.
- To identify key sustainable strategies adopted
by market players in global fertilizers market.
Download Free Sample Report
performed both primary as well as exhaustive secondary research for this study. Initially, sourced a list of manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, could include the fertilizers manufacturers which could not be identified due to the limitations of secondary research. analyzed the manufacturers, distribution channels and presence of all major players across the globe.
calculated the market size of
Key Target Audience
- Fertilizers manufacturers,
suppliers, distributors and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to fertilizers
- Market research and
consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as f
