Africa Micronutrient Fertilizer Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 135.5 Million |
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Market Size (2030) | USD 210.1 Million |
|
Largest Share by Product | Zinc |
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CAGR (2024 - 2030) | 7.58 % |
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Largest Share by Country | South Africa |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Africa Micronutrient Fertilizer Market Analysis
The Africa Micronutrient Fertilizer Market size is estimated at 135.5 million USD in 2024, and is expected to reach 210.1 million USD by 2030, growing at a CAGR of 7.58% during the forecast period (2024-2030).
135.5 Million
Market Size in 2024 (USD)
210.1 Million
Market Size in 2030 (USD)
6.24 %
CAGR (2017-2023)
7.58 %
CAGR (2024-2030)
Largest Segment by Type
34.11 %
value share, Zinc, 2023
Zinc is deficient in approximately 75% of the arable soils in sub-Saharan Africa which will drive the demand of zinc micronutrient fertilizers during the forecast period.
Fastest Growing Type
10.39 %
Projected CAGR, Molybdenum, 2024-2030
Zinc is deficient in approximately 75% of the arable soils in sub-Saharan Africa which will drive the demand of zinc micronutrient fertilizers during the forecast period.
Largest Segment by Crop Type
82.26 %
value share, Field Crops, 2023
The dominance of field crops is majorly due to the adoption of conventional agriculture practices resulting in nutrient deficit, which will be supplemented by fertilization.
Largest segment by Country
44.88 %
value share, South Africa, 2023
Dominance of Nigeria is attributed to the distinctive climatic conditions prevalent in the country, coupled with notable nutrient deficiencies inherent in the country's soils
Leading Market Player
31.23 %
market share, Yara International ASA, 2022
Yara International emerged as a market leader by focussing on product innovations like Yaraprocote a coated micronutrient fertilizer which reduces nutrient losses upto 32%.
Micronutrient deficiencies in the region's soils may drive the market
- Zinc, the most widely consumed micronutrient fertilizer in the region, accounted for 30.7% of the total consumption in the year 2022. Its prominence is attributed to its role in enhancing crop yields. African countries grappling with socio-economic challenges, such as malnutrition, are striving to boost productivity. Notably, zinc deficiency is prevalent in the region's agricultural soils, further driving up the demand for zinc fertilizers.
- Boron, the second most consumed micronutrient fertilizer in Africa, saw a volume consumption of 23.0 thousand metric tons in the year 2022, capturing a 24.8% market share. It plays a crucial role in early-stage root development and activating enzymes that aid in the uptake of major nutrients like potassium, potentially bolstering its market prospects.
- Iron, the third most consumed micronutrient fertilizer in Africa, constituted 19.5% of the total consumption and 11.7% of the market value in the year 2022. Its usage is propelled by prevalent nutrient deficiencies in the region's soils.
- Manganese and copper are commonly employed micronutrients, primarily used when deficiency symptoms arise. In 2022, manganese and copper accounted for shares of 12.1% and 9.0%, respectively. On the other hand, micronutrients like molybdenum, cobalt, chlorine, nickel, and selenium, though abundant in the soil, are less in demand due to their lower requirements. However, with soil quality deteriorating, there is a gradual uptick in the application of these fertilizers.
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Growing population and increasing food insecurity concerns propel the micronutrient fertilizer market
- In 2022, the Sub-Saharan African region, home to 13% of the global population, boasted around 20% of the world's agricultural land. Despite this advantage, the region grapples with significant food insecurity. This issue stems from limited food production, largely due to a lack of modern mechanization, underutilization of fertilizers, and prevalent soil micronutrient deficiencies.
- In 2022, Nigeria led the way in the micronutrient fertilizer market, accounting for 26.0% of the total volume. Field crops dominated the fertilizer landscape, claiming a whopping 98.5% share, equivalent to 22.3 thousand metric tons. Horticulture crops trailed behind with a modest 1.4% market share. This preference for field crops can be attributed to the region's intensive agricultural practices, which often lead to nutrient deficiencies necessitating fertilizer supplementation.
- South Africa held a significant value share of 24.4% in the African micronutrient fertilizer market in 2022. Within South Africa, conventional micronutrient fertilizers commanded a lion's share of 91.0%, valued at USD 52.6 million. Specialty micronutrient fertilizers, on the other hand, held a 9.0% share, amounting to USD 6.4 million. The popularity of conventional fertilizers can be attributed to their efficacy in swiftly addressing micronutrient deficiencies, especially through soil application.
- Given the expanding cultivation areas and the region's escalating food demand, the sales of micronutrient fertilizers are poised for growth during 2023-2030.
Africa Micronutrient Fertilizer Market Trends
The region has the potential to double its agricultural production, and the area under field crops is expected to expand due to the rising consumption demand
- The agroecological zones in Africa span from dense rainforests with bi-annual rainfall to arid deserts with minimal precipitation. Key field crops in the region encompass corn, sorghum, wheat, and rice. In 2022, the cultivation area for these crops reached approximately 224.8 million hectares, constituting over 95% of the agricultural land in the region.
- In response to a surplus of corn stocks that led to price suppression, South African corn farmers scaled back their planting by 10% to 2.1 million hectares in the 2018-19 season. Consequently, corn production in the country dipped by 11% from 13 million to 12 million tonnes, and exports plummeted from 2.5 million to 1 million tonnes. This downward trend in corn cultivation is expected to continue in Africa for 2018-2019 as more producers pivot their fields toward oilseed crops, especially soybeans.
- Nigeria takes the lead in sorghum production in Africa, and Ethiopia is closely followed. Sorghum dominates as the primary cereal crop, accounting for 50% of the total output and occupying 45% of Nigeria's cereal cropland. With its resilience to drought and waterlogging and adaptability to diverse soil conditions, sorghum emerges as the preferred staple crop in Africa's arid regions, ensuring both food and income security.
- Kenya, Somalia, and significant parts of Ethiopia face an imminent threat of severe food shortages. Over the past decade, Africa's spending on food imports has nearly tripled despite a consistent expansion in its agricultural industry and cultivated land.
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High micronutrient deficiencies in soil have encouraged farmers to apply more micronutrients
- In 2022, zinc, iron, boron, manganese, and copper were the most consumed micronutrients, accounting for 30.9%, 30.1%, 17.3%, 16.40%, and 4.5%, respectively. Micronutrients play a crucial role in crop nutrition, as they are essential for plant growth. Insufficient levels of any micronutrient can lead to plant abnormalities, stunted growth, and reduced yields. Rice, maize, sorghum, and wheat are the primary field crops in Africa, with field crops accounting for 92.6% (490.9 thousand metric tons) of the total micronutrient consumption in 2022. The average nutrient application rates for these crops are 4.3, 3.6, 4.3, and 4.2 kg per hectare, respectively. Wheat, in particular, faces deficiencies in copper and manganese, with slight yield impacts from iron and zinc deficiencies.
- Nigeria stands out among African nations, representing 33.3% of the micronutrient fertilizer consumption in the field crop segment, valued at USD 407.15 million in 2022. South Africa follows with a 0.5% share, valued at USD 6.7 million. The remaining African countries account for the remaining 66.6% of the micronutrient market. The African micronutrient fertilizers market is poised for growth during 2023-2030, driven by a shift toward sustainable farming practices and the recognition of the importance of maintaining optimal micronutrient levels in the soil for crop growth.
- As farmers strive for higher yields per hectare, the use of micronutrients in crop production has seen a significant surge. The prevalence of micronutrient deficiencies, coupled with the rising demand for crops, has prompted farmers to adopt more micronutrients to improve soil health and boost crop productivity.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Africa is experiencing increasing area under cultivation due to the growing demand for high-value crops
- Egypt, Morocco, and South Africa, accounted for a significant portion of irrigated land in 2022
- Soil deficiencies of the micronutrients that are essential for plant growth are one of the major challenges across Africa
Africa Micronutrient Fertilizer Industry Overview
The Africa Micronutrient Fertilizer Market is moderately consolidated, with the top five companies occupying 48.46%. The major players in this market are Haifa Group, K+S Aktiengesellschaft, Kynoch Fertilizer, UPL Limited and Yara International ASA (sorted alphabetically).
Africa Micronutrient Fertilizer Market Leaders
Haifa Group
K+S Aktiengesellschaft
Kynoch Fertilizer
UPL Limited
Yara International ASA
Other important companies include Gavilon South Africa (MacroSource, LLC).
*Disclaimer: Major Players sorted in alphabetical order.
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Africa Micronutrient Fertilizer Market News
- April 2023: K+S acquired a 75% share of the fertilizer business of a South African trading company, Industrial Commodities Holdings (Pty) Ltd (ICH). In addition to expanding the core business, K+S is strengthening its operations in southern and eastern Africa as a result of this acquisition. The newly acquired fertilizer business in the future is to be operated in a joint venture under the name of FertivPty Ltd.
- April 2019: Kynoch announced Mergers & Acquisitions of Profert Fertilizer a major role player in the granular and liquid fertilizer industry. This transaction will give Kynoch access to new markets and additional production resources, ultimately contributing to their motto of enhancing efficiency through innovation.
- March 2019: Kynoch Fertilizer, a leading plant nutrient producer and distributor, announced the Mergers & Acquisitions of Sidi Parani to build a substantial position in the fertilizer market in South Africa and Africa.
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Africa Micronutrient Fertilizer Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Acreage Of Major Crop Types
2.1.1. Field Crops
2.1.2. Horticultural Crops
2.2. Average Nutrient Application Rates
2.2.1. Micronutrients
2.2.1.1. Field Crops
2.2.1.2. Horticultural Crops
2.3. Agricultural Land Equipped For Irrigation
2.4. Regulatory Framework
2.5. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Product
3.1.1. Boron
3.1.2. Copper
3.1.3. Iron
3.1.4. Manganese
3.1.5. Molybdenum
3.1.6. Zinc
3.1.7. Others
3.2. Application Mode
3.2.1. Fertigation
3.2.2. Foliar
3.2.3. Soil
3.3. Crop Type
3.3.1. Field Crops
3.3.2. Horticultural Crops
3.3.3. Turf & Ornamental
3.4. Country
3.4.1. Nigeria
3.4.2. South Africa
3.4.3. Rest of Africa
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Gavilon South Africa (MacroSource, LLC)
4.4.2. Haifa Group
4.4.3. K+S Aktiengesellschaft
4.4.4. Kynoch Fertilizer
4.4.5. UPL Limited
4.4.6. Yara International ASA
5. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- CULTIVATION OF FIELD CROPS IN HECTARE, AFRICA, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, AFRICA, 2017 - 2022
- Figure 3:
- CONSUMPTION OF MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, AFRICA, 2022
- Figure 4:
- CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, AFRICA, 2022
- Figure 5:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, AFRICA, 2022
- Figure 6:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 7:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 8:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, AFRICA, 2017 - 2030
- Figure 9:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN USD, AFRICA, 2017 - 2030
- Figure 10:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 11:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 12:
- BORON FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 13:
- BORON FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 14:
- BORON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 15:
- COPPER FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 16:
- COPPER FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 17:
- COPPER FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 18:
- IRON FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 19:
- IRON FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 20:
- IRON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 21:
- MANGANESE FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 22:
- MANGANESE FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 23:
- MANGANESE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 24:
- MOLYBDENUM FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 25:
- MOLYBDENUM FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 26:
- MOLYBDENUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 27:
- ZINC FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 28:
- ZINC FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 29:
- ZINC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 30:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 31:
- OTHERS FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 32:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 33:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, AFRICA, 2017 - 2030
- Figure 34:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, AFRICA, 2017 - 2030
- Figure 35:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 36:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 37:
- FERTIGATION APPLICATION OF MICRONUTRIENTS FERTILIZER IN METRIC TON, AFRICA, 2017 - 2030
- Figure 38:
- FERTIGATION APPLICATION OF MICRONUTRIENTS FERTILIZER IN USD, AFRICA, 2017 - 2030
- Figure 39:
- FERTIGATION APPLICATION OF MICRONUTRIENTS FERTILIZER IN VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 40:
- FOLIAR APPLICATION OF MICRONUTRIENTS FERTILIZER IN METRIC TON, AFRICA, 2017 - 2030
- Figure 41:
- FOLIAR APPLICATION OF MICRONUTRIENTS FERTILIZER IN USD, AFRICA, 2017 - 2030
- Figure 42:
- FOLIAR APPLICATION OF MICRONUTRIENTS FERTILIZER IN VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 43:
- SOIL APPLICATION OF MICRONUTRIENTS FERTILIZER IN METRIC TON, AFRICA, 2017 - 2030
- Figure 44:
- SOIL APPLICATION OF MICRONUTRIENTS FERTILIZER IN USD, AFRICA, 2017 - 2030
- Figure 45:
- SOIL APPLICATION OF MICRONUTRIENTS FERTILIZER IN VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 46:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, AFRICA, 2017 - 2030
- Figure 47:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY CROP TYPE IN USD, AFRICA, 2017 - 2030
- Figure 48:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 49:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 50:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, AFRICA, 2017 - 2030
- Figure 51:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, AFRICA, 2017 - 2030
- Figure 52:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, AFRICA, 2023 VS 2030
- Figure 53:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, AFRICA, 2017 - 2030
- Figure 54:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, AFRICA, 2017 - 2030
- Figure 55:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, AFRICA, 2023 VS 2030
- Figure 56:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, AFRICA, 2017 - 2030
- Figure 57:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, AFRICA, 2017 - 2030
- Figure 58:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, AFRICA, 2023 VS 2030
- Figure 59:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, AFRICA, 2017 - 2030
- Figure 60:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY COUNTRY IN USD, AFRICA, 2017 - 2030
- Figure 61:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 62:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 63:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, NIGERIA, 2017 - 2030
- Figure 64:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, NIGERIA, 2017 - 2030
- Figure 65:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NIGERIA, 2023 VS 2030
- Figure 66:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AFRICA, 2017 - 2030
- Figure 67:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, SOUTH AFRICA, 2017 - 2030
- Figure 68:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AFRICA, 2023 VS 2030
- Figure 69:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, REST OF AFRICA, 2017 - 2030
- Figure 70:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, REST OF AFRICA, 2017 - 2030
- Figure 71:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF AFRICA, 2023 VS 2030
- Figure 72:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, AFRICA, 2017 - 2030
- Figure 73:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 74:
- MARKET SHARE OF MAJOR PLAYERS IN %, AFRICA, 2022
Africa Micronutrient Fertilizer Industry Segmentation
Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others are covered as segments by Product. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Nigeria, South Africa are covered as segments by Country.
- Zinc, the most widely consumed micronutrient fertilizer in the region, accounted for 30.7% of the total consumption in the year 2022. Its prominence is attributed to its role in enhancing crop yields. African countries grappling with socio-economic challenges, such as malnutrition, are striving to boost productivity. Notably, zinc deficiency is prevalent in the region's agricultural soils, further driving up the demand for zinc fertilizers.
- Boron, the second most consumed micronutrient fertilizer in Africa, saw a volume consumption of 23.0 thousand metric tons in the year 2022, capturing a 24.8% market share. It plays a crucial role in early-stage root development and activating enzymes that aid in the uptake of major nutrients like potassium, potentially bolstering its market prospects.
- Iron, the third most consumed micronutrient fertilizer in Africa, constituted 19.5% of the total consumption and 11.7% of the market value in the year 2022. Its usage is propelled by prevalent nutrient deficiencies in the region's soils.
- Manganese and copper are commonly employed micronutrients, primarily used when deficiency symptoms arise. In 2022, manganese and copper accounted for shares of 12.1% and 9.0%, respectively. On the other hand, micronutrients like molybdenum, cobalt, chlorine, nickel, and selenium, though abundant in the soil, are less in demand due to their lower requirements. However, with soil quality deteriorating, there is a gradual uptick in the application of these fertilizers.
| Product | |
| Boron | |
| Copper | |
| Iron | |
| Manganese | |
| Molybdenum | |
| Zinc | |
| Others |
| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
| Country | |
| Nigeria | |
| South Africa | |
| Rest of Africa |
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Market Definition
- MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
- NUTRIENT TYPES COVERED - Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
- AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
- CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, and Fiber Crops Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
| Keyword | Definition |
|---|---|
| Fertilizer | Chemical substance applied to crops to ensure nutritional requirements, available in various forms such as granules, powders, liquid, water soluble, etc. |
| Specialty Fertilizer | Used for enhanced efficiency and nutrient availability applied through soil, foliar, and fertigation. Includes CRF, SRF, liquid fertilizer, and water soluble fertilizers. |
| Controlled-Release Fertilizers (CRF) | Coated with materials such as polymer, polymer-sulfur, and other materials such as resins to ensure nutrient availability to the crop for its entire life cycle. |
| Slow-Release Fertilizers (SRF) | Coated with materials such as sulfur, neem, etc., to ensure nutrient availability to the crop for a longer period. |
| Foliar Fertilizers | Consist of both liquid and water soluble fertilizers applied through foliar application. |
| Water-Soluble Fertilizers | Available in various forms including liquid, powder, etc., used in foliar and fertigation mode of fertilizer application. |
| Fertigation | Fertilizers applied through different irrigation systems such as drip irrigation, micro irrigation, sprinkler irrigation, etc. |
| Anhydrous Ammonia | Used as fertilizer, directly injected into the soil, available in gaseous liquid form. |
| Single Super Phosphate (SSP) | Phosphorus fertilizer containing only phosphorus which has lesser than or equal to 35%. |
| Triple Super Phosphate (TSP) | Phosphorus fertilizer containing only phosphorus greater than 35%. |
| Enhanced Efficiency Fertilizers | Fertilizers coated or treated with additional layers of various ingredients to make it more efficient compared to other fertilizers. |
| Conventional Fertilizer | Fertilizers applied to crops through traditional methods including broadcasting, row placement, ploughing soil placement, etc. |
| Chelated Micronutrients | Micronutrient fertilizers coated with chelating agents such as EDTA, EDDHA, DTPA, HEDTA, etc. |
| Liquid Fertilizers | Available in liquid form, majorly used for application of fertilizers to crops through foliar and fertigation. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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