5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
The Global Fertilizer Market is segmented By Type (Straight and Complex Fertilizers), By Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Crop Types), and By Geography into North America, Europe, Asia-Pacific, South America and Africa.
2016 - 2026
Fastest Growing Market:
The global fertilizer market is projected to register a CAGR of 3.8% during the forecast period (2020-2025). The global population is increasing at a rapid rate. This growing population is adding to the food demand. Supplying food to this growing population has become a threat. On the other hand, arable land is declining, due to industrialization and urbanization. Fertilizers have been used for a long time to increase the productivity of crops. The major technological innovations in the industry, along with growing demand for bio-based and micronutrient fertilizers, are expected to drive the market. Excess use of chemical fertilizers has led to the pollution and contamination of the soil. Therefore, the bio-fertilizers segment is expected to grow exponentially during the forecast period.
In 2019, Asia-Pacific was the largest geographical segment of the market studied and accounted for a share of around 60% of the overall market. The fertilizer industry was heavily challenged in 2016. It was confronted with uneven global nutrient demand, soft economic prospects, depressing crop prices, rising market competition, and volatile energy prices. This combination created high uncertainty in the fertilizer market throughout the year.
Since the COVID-19 outbreak, the fertilizer industry has been significantly affected in many parts of the world from the outset of pandemic. Due to the shortage of labor and the shutdown of a few fertilizer plants located in the integrated chemical complexes, shipments were affected in the initial lockdown process. China, being the epicenter of the pandemic and was greatly impacted in the beginning. However, the conditions in the country are stabilized and production rates have increased for all fertilizers.
The International Fertilizer Association defines a fertilizer as “any solid, liquid, or gaseous substance containing one or more plant nutrient in a known amount, that is applied to soil, directly on plants, or added aqueous solutions (as in fertigation) to maintain soil fertility, improve crop development, yield, and/or crop quality.” The technology progress around the world, which works with modern environmental issues, attracts attention to agriculture and makes the domain of fertilizers technology the cornerstone for industrial development.
|Grains and Cereals|
|Pulses and Oilseeds|
|Fruits and Vegetables|
|Other Crop Types|
Report scope can be customized per your requirements. Click here.
The global population is increasing at a rapid rate. This growing population is adding to the food demand. Supplying food to this growing population has become a threat. On the other hand, arable land is declining, due to industrialization and urbanization. The FAO, revealed in “The Resource Outlook to 2050”, that at this time, more than 1.5 billion hectares of the globe’s land surface (about 12%) is used for crop production. There is little scope for further expansion of agricultural land. There is pressure on the existing arable land to produce more food by using technologically advanced fertilizer in a sustainable way.
On the other hand, due to industrialization and urbanization, the available arable land is decreasing including for countries such as Armenia, Austria, Kazakhstan, Tajikistan, Australia, India, Japan, Turkey, and many others. For instance, the percent of arable land out of total land declined from 6.11% to 5.9% between 2014 - 2016 in Australia. Hence, there is a need to increase the productivity of the crops, in order to meet the demands. The application of fertilizers has been proved to increase the productivity of crops, thus the demand for fertilizers is expected to increase.
To understand key trends, Download Sample Report
Asia - Pacific accounts for about 60% of the fertilizer market. South Asia and East Asia are the major fertilizer consumers in Asia. With China representing approximately half of the consumption. In Asia, rice is a big nitrogen-consuming crop. Owing to the growing concern over the current pattern of fertilizer use, with heavy reliance on nitrogenous fertilizer, declining soil fertility, and weak marketing and distribution systems, biofertilizers and micronutrient fertilizers have emerged as new alternatives, and this fuel the fertilizer market in the region.
NPK has been the fastest-growing fertilizer product in the major fertilizer markets of Asia. The highest share of fertilizer consumption is from the grains, cereals, pulses, and oilseeds segment since crops like rice, wheat, pulses, and oil palms are largely grown in the region which consumes higher fertilizer. In 2017, rice production in Asia used the most fertilizer, accounting for 35% of total consumption. Oil palm, the second-largest consumer of fertilizer, accounts for 17% of total fertilizer consumption and 50% of potash consumption in Asia. Rice and oil palm production growths are expected to remain robust, driven by population and economic growths in the region.
To understand geography trends, Download Sample Report.
The fertilizer market is highly consolidated, and the top ten players constitute a large share, while the other fertilizer companies constitute a smaller part of the market share, based on overall fertilizer market revenue in 2019. The major players in the market are Yara International ASA, The Mosaic Company, Nutrien Limited, EuroChem Group, PhosAgro, K+S Aktiengesellschaft, and Groupe OCP, among others.
The companies in the market are investing heavily in product development. For instance, in 2017, The Mosaic Company with its joint venture, launched the first DAP fertilizer in Saudi Arabia. It provided a new source of phosphate rock and helped them to improve access to growing agricultural markets, most notably India.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overveiw
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Straight Fertilizers
22.214.171.124 Nitrogenous Fertilizers
126.96.36.199.2 Calcium Ammonium Nitrate
188.8.131.52.3 Ammonium Nitrate
184.108.40.206.4 Ammonium Sulfate
220.127.116.11.5 Anhydrous Ammonia
18.104.22.168.6 Other Nitrogenous Fertilizers
22.214.171.124 Phosphatic Fertilizers
126.96.36.199.1 Mono-Ammonium Phosphate (MAP)
188.8.131.52.2 Di-Ammonium Phosphate (DAP)
184.108.40.206.3 Single Super Phosphate (SSP)
220.127.116.11.4 Triple Super Phosphate (TSP)
18.104.22.168.5 Other Phosphatic Fertilizers
22.214.171.124 Potash Fertilizers
126.96.36.199.1 Muriate of Potash (MoP)
188.8.131.52.2 Sulfate of Potash (SoP)
184.108.40.206 Secondary Macronutrient Fertilizers
220.127.116.11.1 Calcium Fertilizers
18.104.22.168.2 Magnesium Fertilizers
22.214.171.124.3 Sulfur Fertilizers
126.96.36.199 Micronutrient Fertilizers
188.8.131.52.7 Other Micronutrient Fertilizers
5.1.2 Complex Fertilizers
5.2 Crop Type
5.2.1 Grains and Cereals
5.2.2 Pulses and Oilseeds
5.2.3 Commercial Crops
5.2.4 Fruits and Vegetables
5.2.5 Other Crop Types
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia Pacific
5.3.4 South America
188.8.131.52 Rest of South America
184.108.40.206 South Africa
220.127.116.11 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Yara International
6.3.2 The Mosaic Company
6.3.3 UralChem JC
6.3.4 Nutrien Limited
6.3.5 K+S Aktiengesellschaft
6.3.6 Groupe OCP
6.3.7 ICL Fertilizers
6.3.8 Haifa Group
6.3.9 Sociedad Química y Minera (SQM)
6.3.10 Coromandel International Limited
6.3.11 Zao Zavod Binit
6.3.12 Sinofert Holdings Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
** Subject to Availability