Global Fertilizers Market - Size, Trends, Competitive Analysis, Market Share and Forecasts (2019-2026)
The global fertilizers market was valued at USD xx million in 2016, USD xx million in 2018, and is forecasted to reach USD xx million by 2025, with a CAGR of xx% during the forecast period 2019-2026.Changing weather conditions and lack of essential nutrients which is mandatory for the growth of a plant is increasing the demand for the usage of Fertilizers. They provide the essential nutrients required for optimum growth of the plant thereby increasing the overall output.
Explained below some of the impact factors of the Fertilizer market.
Minimising the usage of Water Resources for Cultivation
Water being the major source of agriculture, about 70% of global water consumption is used by this sector, while the remaining is consumed by Industries (19%) and Municipalities (11%). Studies reveal that global water withdrawal is increasing rapidly with time (as shown in below graph).
Today most of the water globally used in agriculture does not reach the crop, as water is lost during transportation, evaporation, runoff, drainage, and transpiration. All these reasons lead to decrease in the availability of water for cultivation due to which the farmers are unable to meet the required production on time, thereby leading to the scarcity of food.
To overcome this situation, as water being the major source among all the industries. If the crops were supplied with a required amount of nutrition, the process does not highly depend on the availability of water. In this scenario, optimized crop nutrition is the better approach, which enables the crop to improve Water use efficiency (WUE). Fertilizers are the best source that provides crop nutrition as it improves the water usage efficiency of the crop.
For Instance, according to the study conducted by Yara Fertilizers, a global fertilizer production company, on wheat grain production, the requirement of water is reduced considerably with the use of fertilizers for the crop. The graph depicts the relative decrease in the quantity of water used for producing a kilogram of wheat.
Considering the above factors, minimizing the usage of water resources for the agricultural farming acts as a major driver that boosts the market for fertilizers in crop production.
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. Fertilizers Market is segmented based on the additives such as Nitrogen, Phosphatic and Potassic. Further, the market is segmented based on the applications such as Grains & Cereals, Oil crops & Pulses, Fruits & Vegetables, Tur & Ornamental and others. The report segments the geographies by regions, which include North America, South America, Europe, Asia Pacific and RoW.
The report profiles the following companies, which includes Agrium Inc., Israel Chemical Ltd. (ICL), Sociedad Química Y Minera De Chile (SQM), K+S AKTiengesellschaft, Yara International Asa, Haifa Chemicals Ltd., Compo GmbH & Co. Kg, Coromandel International Ltd., The Mosaic Company, and Hebei Monband Water Soluble Fertilizer Co., Ltd.
Why purchase a report?
Visualize the composition of the fertilizer market across each indication, in terms of type and applications, highlighting the key commercial assets and players.
Identify commercial opportunities in fertilizers by analyzing trends and co-development deals.
This is the most comprehensive study on fertilizers to date.
Excel data sheet with thousands of data points of the fertilizer market – level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the key fertilizer products of all major market players
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