Home Industry Reports Agriculture North America Fertilizers Market – Growth, Trends and Forecasts (2017-2022)
north-america-fertilizers-market
Published

February 2017

North America Fertilizers Market – Growth, Trends and Forecasts (2017-2022)

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Market Insights

The North America fertilizer industry shall have a steady CAGR of 2.6% over the forecast period of 2017-2022, as the nutrient requirements and active ingredients usage are set to rise. Factors supporting the market are economic growth, potential for the agriculture sector, and input-output prices.

Market Dynamics

High population densities leading to food security concerns in the region, along with increasing need of better field productivity primarily drive the fertilizer market. Extensive use of biofuels and demand in animal feed sector will also sustain the growing demand for fertilizers in North America. While the potential of growth is comparatively high in small, agrarian countries like Mexico with the continuous product innovations, the demand would be restricted to the expanding application of organic fertilizers and regulatory constraints.

Market Segmentation

By type, the market is divided into nitrogen, phosphorus, potash and other macro fertilizers wherein nitrogen-based fertilizers account for the highest market share. By application, the market is explained by crop and non-crop usage.

In 2016, the US continued the first position in terms of fertilizer use, followed by Canada and Mexico, which has the highest CAGR among the North American countries.

Key Industry Players

Major global players accounting for substantial market share are:

  • Agrium
  • Yara International
  • Koch Industries
  • Bunge Ltd.
  • Potash Corp
  • CF Industries

Geographical expansion with country specific product innovations is the major strategy followed by the market players.

Key Deliverables in the Study

  • Market analysis for the North America market, with region specific assessments and competition analysis on global and regional scales.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares.
  • Identification and analysis of the macro and micro factors that affect the North America fertilizers market on both global and regional scales.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • Wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights into the major countries/regions in which this industry is growing and identifying the regions still untapped.
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