Global Fertilizer  Market Trends, Size, And Forecast - 2019-2025

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Global Fertilizer  Market Trends, Size, and Forecast - 2019-2025

 

The global fertilizer industry is expected to register a steady growth rate of nearly 3.0% over the forecast period 2019-2025. The fertilizer industry was hit hard by uneven global nutrient demand, soft economic prospects, declining crop prices, and increased market competition in 2016. This series of events created high uncertainty in the global fertilizer industry throughout the year. Since then, a sustained downturn in fertilizer consumption across the globe, especially in the US and Asia-Pacific, has challenged the market to maintain consistent growth. The market growth is primarily dependent on the extensive demand for fertilizers by farmers especially in the emerging economies across the globe such as China, India, Indonesia, Brazil, and several others. Moreover, breakthrough innovations coupled with the surging demand for bio-based and micronutrient fertilizers are expected to fuel the market growth over the forecast period. 

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However, there are some factors that are expected to hinder market growth in the near future. Regulatory and environmental constraints are likely to hamper industry growth during the forecast period. Additionally, the recent outbreak of COVID-19 has also challenged the global fertilizer industry at the outset of 2020. China is the most influential economy in the global fertilizer business and is the largest producer and consumer of fertilizer across the globe. In China, production rates of the fertilizers fell to nearly 20-30% of the total capacity causing adverse impact on the supply of phosphate fertilizer as well as on the demand for raw materials such as Sulphur and Sulphuric acid. The report analyzes the global fertilizer industry on the basis of type, crop type, and geography. Based on the type, the market is segmented into straight fertilizer and complex fertilizer. Based on the crop type, the market is classified into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and others. 

A full report of Global Fertilizer Market is available at: https://www.omrglobal.com/industry-reports/fertilizers-market-size

Global Fertilizer Market Segmentation

Type

  • Straight Fertilizers

  • Complex Fertilizers

Crop Type

  • Grains and Cereals

  • Pulses and Oilseeds

  • Commercial Crops

  • Fruits and Vegetables

  • Others

Regional Analysis

  • North America

    • United States

    • Canada

Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe 

Asia-Pacific

  • China

  • India

  • Japan

  • Rest of Asia-Pacific 

Rest of the World

Companies Studied 

  • BASF SE

  • CF Industries

  • Groupe OCP

  • Haifa Group

  • Henan XinlianXin Chemicals Group Company Limited

  • Hubei Xinyangfeng Fertilizer Co. Ltd.

  • Indian Farmers Fertilizer Co-operative Ltd. (IFFCO)

  • Israel Chemicals Ltd.

  • K+S AG

  • Laizhou Guangcheng Chemical Co. Ltd.

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

 

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Keywords: size,and forecast - 2019-2025

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