Categories: Chemicals And Materials | Formate :
Fertilizers Market Overview
Fertilizers Market size is forecast to reach $196.64 billion by 2027 after growing at a CAGR of 4.5% during 2022-2027. From 2015 to 2020, yearly demand for N, P2O5, and K2O is expected to increase by 1.5, 2.2, and 2.4 percent, respectively. Fertilizer, intermediate, and raw material production capacity is predicted to rise globally during the next five years. This combination has generated a high degree of volatility in the fertilizer market over the year. In 2020, South Asia will be a major growth driver for global fertilizer demand. Meanwhile, East Asia and West Asia, which have been particularly hard hit by the Covid-19 outbreak, are seeing a drop in fertilizer consumption. Thus, augmenting the growth of the fertilizers market.
The fertilizer industry has been impacted since the beginning, notably in China, which is the world's largest producer and user of phosphates, sulfur, and sulphuric acid, though Brazil and India may soon be in the spotlight. The price reaction has been varied, with tighter phosphate supplies due to production limits in China prompting a reversal in the downward trend, while the price of sulphuric acid, which was already low, has nearly plummeted. Production rates dropped to roughly 20-30% of total capacity, wreaking havoc not just on phosphate fertilizer supplies but also on demand for raw materials like sulfur and sulphuric acid. Hubei consumes between 25 and 30 percent of all sulphuric acid consumed in China.
The report: "Fertilizers Market- Forecast (2022-2027)" covers an in-depth analysis of the following segments of the Fertilizers industry.
By Type: Organic Fertilizers, Inorganic Fertilizers, and Bio-Fertilizers.
By Form: Granules, Liquid, Gaseous, and Others.
By Crop Type: Horticulture Crops, Cash Crops, Cereals, Turfs, and Ornamental Crops, and Others.
By Geography: North America, South America, Europe, APAC, and RoW.
Drivers –Fertilizers market
The growing uptake of Organic fertilizers will drive the market. The agriculture industry is limiting the use of chemical fertilizers and is gradually embracing organic and biofertilizers globally to encourage not only plant growth but also soil health. These are also referred to as "soil conditioners" made from plant or animal waste due to their capacity to retain water and nutrients for a long time. In addition, organic fertilizers are less harmful, quickly decomposed, reusable, safe, and environmentally friendly, and can be stored for a longer period of time due to their ability to withstand temperatures of up to 45 degrees Celsius or more.
Opportunity –Fertilizers market
The fertilizer sector is fragmented, with various fertilizer companies operating around the world. Because fertilizers are such a crucial instrument for increasing agricultural output, industry participants are forming strategic alliances and joint ventures to expand their geographic footprint and product portfolio. For example, Haifa Group added 8,000 MTPA production capacity to its Controlled Release Fertilizer (CRF) facility in France in 2019. The corporation was able to boost its production capacity by up to 24,000 MTPA thanks to this method.
Yara International ASA paid US$ 255 million for the Vale Cubatao Fertilizantes Complex in Brazil in 2018. The company was able to improve its nitrogen production assets and market position in the Brazilian fertilizer industry as a result of this strategy.
Challenges – Fertilizers market
The fertilizer prices of all three, including ammonia, DAP, and potash, increased on the back of tight supply and strong demand in 2018 over different periods. In the third quarter of 2018, the prices of ammonia increased at the back of several plant changes, resulting in a tight supply. Further, potash prices remained firm in the second quarter of 2019 on the back of overall supply tightness. The current situation of fertilizers had indicated higher costs in 2019 as the production prices of ammonia, DAP, and potash increased in 2019. Strong demand and increasing input costs drove up fertilizer prices in 2021, especially for phosphates and urea. Due to adequate supply, potash prices remained somewhat constant. Fertilizer prices are expected to rise by more than a quarter in 2021 compared to last year before declining in 2022.
By Type– Segment Analysis
Inorganic Fertilizers held the largest share in the Fertilizers market in 2021. Nutrient management is the key issue in sustainable soil fertility. The global supply of ammonia, phosphoric acid, and potash is estimated at around 270 million tons from a total capacity of 310 to 315 million tons. Of all the regions, the demand for nitrogen fertilizers was the highest in the Americas, South Asia, and Western Europe. Nevertheless, small supply surpassed demand in these markets. Chemical fertilizers face some risks from a health point of view. While it contributes to plant growth and improves yield, it shakes soil pH at the back of long-term use; repeated applications appear to lead to the build-up of toxic chemicals such as arsenic, cadmium, and uranium in the soil; and the risk of over-use of fertilizers can disrupt the entire microbial environment, causing pests to rise and contribute to greenhouse gases.
By Forms – Segment Analysis
Liquid held the largest share in the Fertilizers market in 2021. The liquid formulation held the largest share in the fertilizers market. The ease of application and transportation are the key drivers for the growth of the liquid formulations segment. Farmers have been using it for many years, as it is easy and safe to handle in comparison with the dry formulation. With the increase in organic farming and increased acreages under precision irrigation technologies. They are adaptable to any type of sprayer, ranging from portable sprayers to hydraulic spraying machines. They are relatively easier to handle for treating large areas, which is the main reason for dominating the fertilizers market.
By Crop Type – Segment Analysis
Cereals held the largest share in the Fertilizers market in 2021. Since cereals are grown in almost all countries, the global demand for insecticides is high for them. On a global level, the total cereal production has been increasing, and with the growth in cereal production and consumption, it has become important for producers to focus more on its yield and quality by using effective fertilizers. The cereals and grains are witnessing growth as they are a rich source of vitamins and minerals and are used in large amounts in animal feed. The increase in demand for food and the decline in arable land has prompted the increase in demand for fertilizers to meet the demand and reduce the scarcity of foods. Therefore, farmers have been using the fertilizers in combination with conventional chemicals, which has helped them in achieving no residue crops with internationally accepted standards. This factor will drive the growth of the fertilizers market in the forecast period.
Geography - Segment Analysis
Asia-Pacific (APAC) dominated the Fertilizers market in 2021, followed by North America and Europe. In Asia, rice is a large nitrogen-consuming crop. In China, urea is used in the production of cereals and oilseeds such as corn, soya bean, and rapeseed. Melamine, urea-formaldehyde resins (UF), and adhesives, as well as other industrial uses, account for the second-largest urea use sector in China. The industrial market has been expanding in tandem with the construction industry's rapid growth, urbanization, and rising earnings. India, behind China and the United States, is the world's third-largest ammonia user. Because urea is rarely employed in industrial applications or as a biofuel fertilizer, 99 percent of the country's urea is applied directly to food crops. In India, the most important crops in terms of nitrogen fertilizer usage are paddy rice and wheat. Because urea is rarely employed in industrial applications or as a biofuel fertilizer, 99 percent of the country's urea is applied directly to food crops. In India, the most important crops in terms of nitrogen fertilizer usage are paddy rice and wheat.
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Fertilizers market. Major players in the Fertilizers market are
Acquisitions/Technology Launches/ Product Launches
Global Fertilizers Market Growth, Trend and Forecast 2022-2027
Chapter 1 Fertilizers Market Overview
1.1 Product Overview and Scope of Fertilizers
1.2 Fertilizers Market Segmentation by Type
1.2.1 Global Fertilizers Market Share of Fertilizers by Type in 2022
1.2.2 Organic Fertilizers
1.2.3 Inorganic Fertilizers
1.3 Fertilizers Market Segmentation by Form
1.3.3 Gaseous and Others.
1.4 Fertilizers Market Segmentation by Crop Type
1.4.1 Horticulture Crops
1.4.2 Cash Crops
1.4.4 Turfs and Ornamental Crops, and Others.
1.5 Fertilizers Market Segmentation by Regions
1.5.1 North America
1.5.4 Southeast Asia
1.6. Global Market Size (Value) of Fertilizers (2015-2028)
Chapter 2 Global Economic Impact on Fertilizers Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
Chapter 3 Global Fertilizers Market Competition by Manufacturers
3.1 Global Fertilizers Production and Share by Manufacturers (2021 and 2022)
3.2 Global Fertilizers Revenue and Share by Manufacturers (2021 and 2022)
3.3 Global Fertilizers Average Price by Manufacturers (2021 and 2022)
3.4 Manufacturers Fertilizers Manufacturing Base Distribution, Production Area and Product Type
3.5 Fertilizers Market Competitive Situation and Trends
3.5.1 Fertilizers Market Concentration Rate
3.5.2 Fertilizers Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion
Chapter 4 Global Fertilizers Production, Revenue (Value) by Region (2015-2022)
4.1 Global Fertilizers Production by Region (2015-2022)
4.2 Global Fertilizers Production Market Share by Region (2015-2022)
4.3 Global Fertilizers Revenue (Value) and Market Share by Region (2015-2022)
4.4 Global Fertilizers Production, Revenue, Price and Gross Margin (2015-2022)
4.5 North America Fertilizers Production, Revenue, Price and Gross Margin (2015-2022)
4.6 Europe Fertilizers Production, Revenue, Price and Gross Margin (2015-2022)
4.7 China Fertilizers Production, Revenue, Price and Gross Margin (2015-2022)
4.8 Japan Fertilizers Production, Revenue, Price and Gross Margin (2015-2022)
4.9 Southeast Asia Fertilizers Production, Revenue, Price and Gross Margin (2015-2022)
4.10 India Fertilizers Production, Revenue, Price and Gross Margin (2015-2022)
Chapter 5 Global Fertilizers Supply (Production), Consumption, Export, Import by Regions (2015-2022)
5.1 Global Fertilizers Consumption by Regions (2015-2022)
5.2 North America Fertilizers Production, Consumption, Export, Import by Regions (2015-2022)
5.3 Europe Fertilizers Production, Consumption, Export, Import by Regions (2015-2022)
5.4 China Fertilizers Production, Consumption, Export, Import by Regions (2015-2022)
5.5 Japan Fertilizers Production, Consumption, Export, Import by Regions (2015-2022)
5.6 Southeast Asia Fertilizers Production, Consumption, Export, Import by Regions (2015-2022)
5.7 India Fertilizers Production, Consumption, Export, Import by Regions (2015-2022)
Chapter 6 Global Fertilizers Production, Revenue (Value), Price Trend by Type
6.1 Global Fertilizers Production and Market Share by Type (2015-2022)
6.2 Global Fertilizers Revenue and Market Share by Type (2015-2022)
6.3 Global Fertilizers Price by Type (2015-2022)
6.4 Global Fertilizers Production Growth by Type (2015-2022)
Chapter 7 Global Fertilizers Market Analysis by Application
7.1 Global Fertilizers Consumption and Market Share by Application (2015-2022)
7.2 Global Fertilizers Consumption Growth Rate by Application (2015-2022)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries
Chapter 8 Fertilizers Manufacturing Cost Analysis
8.1 Fertilizers Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Fertilizers
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Fertilizers Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Fertilizers Major Manufacturers in 2022
9.4 Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change
Chapter 12 Global Fertilizers Market Forecast (2022-2027)
12.1 Global Fertilizers Production, Revenue Forecast (2022-2027)
12.2 Global Fertilizers Production, Consumption Forecast by Regions (2022-2027)
12.3 Global Fertilizers Production Forecast by Type (2022-2027)
12.4 Global Fertilizers Consumption Forecast by Application (2022-2027)
12.5 Fertilizers Price Forecast (2022-2027)
Chapter 13 Appendix
Fertilizer, intermediate, and raw material production capacity is predicted to rise globally during the next five years. This combination has generated a high degree of volatility in the fertilizer market over the year.
Fertilizers Market size is forecast to reach $196.64 billion by 2027 after growing at a CAGR of 4.5% during 2022-2027.
The growing uptake of Organic fertilizers will drive the market. The agriculture industry is limiting the use of chemical fertilizers and is gradually embracing organic and biofertilizers globally to encourage not only plant growth but also soil health.
Yara International ASA, The Mosaic Company , Nutrien Limited, K+S AG , Groupe OCP, Haifa Group, Syngenta AG, Indian Farmers Fertiliser Cooperative Limited (IFFCO), Sumitomo Chemical Co. Ltd., GÃœBRETA
Asia-Pacific (APAC) dominated the Fertilizers market in 2021, followed by North America and Europe. In Asia, rice is a large nitrogen-consuming crop.
Published On:Jan 2022
No of Pages:250
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Fertilizer Market Size, Share & Trends Analysis Re...RD Code : MC22