The South America fertilizer industry shall have a CAGR of 3.5% 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.
Major drivers for the fertilizer market growth in South America are increased demand for food grains and need for land use efficiency. Application of fertilizers for bio-fuel production in countries like Brazil and Argentina are also helping the market. While the potential is comparatively high in the developing countries of South America, the demand would be restricted by low adaptability and regulatory constraints in the region.
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.
The South American fertilizers market demand is led by export-oriented agricultural countries like Brazil and Argentina. While Brazil accounts for the majority market share, demand would grow at a faster rate in Argentina.
Key Industry Players
Major players accounting for substantial market share are:
Geographical expansion with country specific product innovations is the major strategy followed by the market players.
Key Deliverables in the Study
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