United States Fertilizers Market Size By Type, By Crop Type And Forecast

United States Fertilizers Market Size And Forecast

United States Fertilizers Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2023 to 2030.

Growing health consciousness among the population has drastically increased the demand for organic food, that fueling the growth of organic fertilizers and bio-fertilizers. Besides, changing farming and agriculture patterns and the adoption of modern techniques such as vertical farming, and precision agriculture, among others, are expected to create profitable opportunities for market growth over the next few years. The United States Fertilizers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

United States Fertilizers Market Definition

The International Fertilizer Association defines fertilizer as “any solid, liquid, or a gaseous substance containing one or more plant nutrients in a known amount that is applied to the soil, directly on plants, or added to the aqueous solutions (as in fertigation) to maintain the soil fertility and improve the crop development, yield, and crop quality”. The United States Fertilizers Market is a mature market in terms of nitrogen, phosphorus, and potash fertilizer consumption.

The demand for potassic and phosphatic fertilizers is increasing steadily as farmers shift away from soybean cultivation and toward maize cultivation. The prices of the crop are also reducing, therefore, soybean is becoming less profitable for the market, owing to more fertilizer requirements for the crop compared to maize and the other oilseeds and pulses. The technological progress around the United States works with modern environmental issues, attracts attention to agriculture, and makes the domain of fertilizer technology the cornerstone for industrial development.

United States Fertilizers Market Overview

The popularity and consumption of micronutrient fertilizers in the country have consistently increased over the years. This has been done to ensure that the nutrient requirements of the crops are fully met and to boost productivity. Growing grower awareness of the benefits of micronutrient fertilizers in increasing crop productivity is expected to result in a robust growth rate of the fertigation, irrigation, and seeding industries and foliar micronutrient fertilizer market. According to the United States Geological Survey boron was the most extensively used micronutrient fertilizer to stimulate the production of fruits and seeds.

So, in places like Florida and California, the soil can be tricky – it's got a lot of lime and a high pH, which can mean plants struggle to get enough iron. This iron deficiency, along with a lack of manganese, can really hurt crops like soybean, citrus, peach, and grape all across the US. Because of this, we're expecting a lot of farmers to be interested in buying micronutrient fertilizers, which should lead to higher sales. Basically, the whole United States Fertilizers Market is predicted to do really well. When it comes to making and using fertilizers with nitrogen, phosphorus, and potassium, the US market is pretty established. In fact, the US is a big deal, ranking second for making phosphatic fertilizers and third for nitrogenous ones.

The US Fertilizers Market is really taking off, and a lot of it has to do with people finally understanding how important soil health and nutrition are. Plus, with everyone getting more health-conscious, the demand for organic food has exploded, which is great news for organic and bio-fertilizers! It also looks like more farmers are switching to growing maize, so we can expect a big jump in demand for phosphatic and potash fertilizers soon. And let's not forget how farming is changingwith new ways of doing things like vertical farming and precision agriculture, the next few years should be packed with opportunities for the market to grow.

United States Fertilizers MarketSegmentation Analysis

The United States Fertilizers Market is segmented based on Type, and Crop Type.

United States Fertilizers Market, By Type

• Nitrogenous Fertilizers
• Phosphatic Fertilizers
• Potash Fertilizers
• Secondary Macronutrient Fertilizers
• Micronutrient Fertilizers
• Others

Based on Type, the market is bifurcated into Nitrogenous Fertilizers, Phosphatic Fertilizers, Potash Fertilizers, Secondary Macronutrient Fertilizers, Micronutrient Fertilizers, and Others. The United States market is quite mature in terms of nitrogenous, phosphatic, and potash fertilizers production and consumption. The US is the second-largest producer of phosphatic fertilizers and the third-largest producer of nitrogenous fertilizers.

United States Fertilizers Market, By Crop Type

• Grains & Cereals
• Pulses & Oilseeds
• Commercial Crops
• Fruits & Vegetables
• Turf and Ornamentals
• Other

Based on Crop Type, the market is bifurcated into Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Turf and Ornamentals, and Other. Among these, the fruits & vegetable segment is expected to dominate the market on account of the increasing trade and export activities.

Key Players

The “United States Fertilizers Market” study report will provide valuable insight with an emphasis on the United States market. The major players in the market are Bunge Limited, Terra Nitrogen Company LP, Potash Crop, Yara North America Inc, The Mosaic Company, Junction Intl Traders Inc, Agrium, CVR Partners, Nutrien Ltd., Standora Enterprises Limited. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

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