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North America fertilizers market is analysed By Fertilizer (Nitrogenous, Phosphoric and Postassic), By Application (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Turf & Ornamentals, and Other Crops), By Geography (United States, Canada, Mexico and Others).
2016 - 2026
North America's fertilizer market is projected to witness a CAGR 3.1% during the forecast period (2020-2025).
Fertilizers are the chemical compounds that are used to provide primary nutrients such as nitrogen, phosphorus, and potassium to the crops. They help farmers in enhancing crop growth and yield during the crop cycle. The market is analysed by fertilizers, application, and geography.
|Rest of North America|
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The agricultural land in North America was 568.6 million hectares in 2015, which has increased by 0.3% and reached 570.4 million hectares in 2017. However, the agricultural land in the United States and Canada has decreased by 0.3% in 2017 and reached 463.5 million hectares from 464.2 million hectares in 2016. Urbanization and Industrialisation are the major reason for the decline in agricultural land in North America. According to American Farmland Trust (AFT); in the past 20 years, the United States has converted around 31 million acres of agricultural land into commercial, residential, and industrial areas. Farmers in the region are applying fertilizers to increase their crop yield, to feed the growing population. According to FAOSTAT, the population in North America has increased from 359.9 million in 2016 to 361.9 million in 2017. This is will boost fertilizer consumption in the region.
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The United States accounts for the largest share in the North America fertilizer market. The United States has 405.5 million hectares of land which accounts for 71.1% of the total agricultural land in the region. The farm equipment manufacturers are developing new products to assist the farmers in the precise application of fertilizers. This helps the farmers in reducing the cost of cultivation. For instance, Salford Group has launched a new fertilizer spreader called BBI Sniper spinner spreader, with the sniper technology it helps the farmer in the cost-effective and more precise application of dry fertilizers. The increase in farmer awareness and development of farm equipment technologies coupled with the large agricultural land area is boosting the use of fertilizer in the country.
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Nutrien Ltd., Yara North America, the Mosaic Company, ICl Fertilizers, and CF Industries Holdings, Inc. are the major players in the market accounting for more than 50% of the market share by revenue. Mergers & Acquisitions, partnerships, expansion, R&D, and product launch are the major strategies adopted by the major players in the country.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
18.104.22.168 Calcium Ammonium Nitrate (CAN)
22.214.171.124 Ammonium Nitrate
126.96.36.199 Ammonium Sulfate
188.8.131.52 Other Nitrogenous Fertilizers
184.108.40.206 Mono-Ammonium Phosphate (MAP)
220.127.116.11 Di-Ammonium Phosphate (DAP)
18.104.22.168 Triple Superphosphate (TSP)
22.214.171.124 Other Phosphatic Fertilizers
126.96.36.199 Grains & Cereals
188.8.131.52 Pulses & Oil Seeds
184.108.40.206 Fruits & Vegetables
5.2.2 Non-Crop Based
220.127.116.11 Turf & Ornamentals
18.104.22.168 Other Crops
5.3.1 United States
5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Nutrien Ltd
6.3.2 CF Industries Holdings Inc.
6.3.3 Potash Corporation of Saskatchewan Inc.
6.3.4 The Mosaic Company
6.3.5 Intrepid Potash
6.3.6 Yara North America
6.3.7 OCI Fertilizers USA
6.3.8 SQM SA
6.3.9 ICL Fertilizers
7. MARKET OPPORTUNITIES AND FUTURE TRENDS