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    Fertilizer Market Growth Analysis | 2022-2028

    Fertilizer Market Growth Analysis | 2022-2028
    Report code - SRAM599 Delivery - 2 Weeks
    Fertilizer Market Size, Share, Trends, Dynamics, Forecast, Opportunities, Challenge & See more...

    Insights

    The fertilizer market size was estimated at USD 197.75 billion in 2021 and is likely to grow at a CAGR of 2.2% during 2022-2028 to reach USD 230.29 billion in 2028.

    Fertilizer-Market-Insights

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    What is Fertilizer?

    Fertilizer is a type of chemical or natural substance added to soil or land to increase its fertility, i.e. to increase its ability to support plant growth. Fertilizers can be natural or synthetic, and they can contain a variety of nutrients, including nitrogen, phosphorus, potassium, and micronutrients.

    Fertilizer Market Highlights

    Market Size in 2021

    US$ 197.75 Billion

    Market Size in 2028

    US$ 230.29 Billion

    Market Growth (2022-2028)

    CAGR of 2.2%

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

    Dominant Region

    Asia-Pacific is estimated to be the largest market during the forecast period.

    Key Players

    Some of the key players in the fertilizer market are-

    Market Dynamics

    The growth of the fertilizer market is primarily driven by the

    • The rapidly growing population and its increasing demand for food, water-soluble, and organic fertilizers are the major factors fuelling the growth of the market.
    • Increasing the use of organic fertilizers is expected to encourage farmers to fertilize more efficiently and safely.
    • The need for enhanced soil nutrients, coupled with increased crop yield, is expected to rise over the period, making fertilizers even more in demand.

    Fertilizer-Market-Dynamics

    To know about the assumptions considered for the study, Get the pdf brochure.

    Segment Analysis

    By Form Type

    The Dry Form of Fertilizers is expected to witness a significant growth rate in the market during the forecast period owing to the cost-effective and easy storage nature of dry fertilizers.

    The market is segmented as dry and liquid. These fertilizers can form fertilizer blends and are more efficient for heavy pre-plant applications as they offer slow-release options, which help in feeding crops longer into the season, accelerating the segment’s growth.

    By Product Type

    Organic Product type is estimated to register high growth during the forecast period.

    The market is segmented as organic and inorganic. The organic segment is further categorized into plant-based, animal-based, and mineral-based fertilizers.  The growth of the segment is attributed to the provision of slow feed for plants and enhancement in the water-holding capacity of plants in addition to soil structure and tilth.

    By Application Type

    Agriculture is estimated to account for the major share of the market during the forecast period owing to the fast implementation and easy adoption of fertilizers in the agriculture industry.

    The market is segmented into agriculture, horticulture, gardening, and others.  Growing product demand from Asia-Pacific, Europe, and Africa for producing wheat, barley, maize, etc., and the usage of fertilizers in the agricultural fields to supply the needed elements which are usually found naturally in the soil is further expected to fuel the overall market growth.  

    Regional Analysis

    Asia-Pacific is estimated to be the largest region in the market during the forecast period owing to rapid growth in population and increasing demand for food in the region.

    Further, growing demand for fertilizers in various countries of the region, such as China, India, Pakistan, Bangladesh, and Vietnam, and increasing investments and government subsidies in the fertilizer sector are the other major factors expected to fuel the growth of the regional market.

    North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Fertilizer-Market-Regional-Analysis

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    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the chatbot market covering a period of 11 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The fertilizer market is segmented into the following categories:

    By Form Type:

    • Dry
    • Liquid

    By Product Type:

    • Organic
      • Region: North America, Europe, Asia-Pacific, and RoW
      • Product Type: Plant-based Fertilizer, Animal-based Fertilizer, and Mineral-based Fertilizer
    • Inorganic
      • Region: North America, Europe, Asia-Pacific, and RoW
      • Product Type: Nitrogen, Phosphorous, and Potassium

    By Application Type:

    • Agriculture
    • Horticulture
    • Gardening
    • Others

    By Region:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Fertilizer-Market-Segmentation

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    Report Features

    This report provides intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth analysis of the Fertilizer Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies.

    Customization Options

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players).
    • SWOT analysis of key players (up to 3 players).

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: 

    Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The fertilizer market is expected to grow from USD 197.75 billion in 2021 to USD 230.29 billion by 2028.

    Fertilizer is a type of chemical or natural substance added to soil or land to increase its fertility, i.e. to increase its ability to support plant growth. Fertilizers can be natural or synthetic, and they can contain a variety of nutrients, including nitrogen, phosphorus, potassium, and micronutrients.

    The growth of the market is primarily driven by the- The rapidly growing population and its increasing demand for food, water-soluble, and organic fertilizers are the major factors fuelling the growth of the market during the forecast period. Increasing the use of organic fertilizers is expected to encourage farmers to fertilize more efficiently and safely. The need for enhanced soil nutrients, coupled with increased crop yield, is expected to rise over the forecast period, making fertilizers even more in demand.

    The fertilizer market is expected to grow at a CAGR of 2.2% during the forecast period.

    Key players operating in the market are- Bunge India Private Limited, CF Industries Holdings, Inc., Haifa Group, Indian Farmers Fertiliser Cooperative Limited, Israel Chemicals Ltd., Nutrien Ltd., Sumitomo Chemical Co., Ltd., The Mosaic Company, The Syngenta Group, and Yara International ASA.

    The Asia-Pacific market accounted for the largest market and is likely to grow at a robust CAGR.

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