The Global NPK Fertilizers Market is segmented further based on Type, Form, Livestock, Application, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
The Global NPK Fertilizers Market is estimated to be USD 4.65 Bn in 2021 and is expected to reach USD 5.97 Bn by 2026, growing at a CAGR of 5.12%
Factors driving the market are increasing demand for high-efficient fertilizers, Improving product yield, and boosting food quality. The adoption of farming in many countries has resulted in crop enhancement which led to the adoption of agriculture. The government supports farmers through subsidies that help farmers purchase instruments used for spraying fertilizer. Opportunities for this market are growing Awareness about this quality fertilizer flourish market. The agricultural and farming techniques development and the increase in demand for high-quality food grains are predicted to propel the NPK fertilizer market. Restraining the market is Skepticism, and Inadequate knowledge about the benefits and usage of fertilizer is the significant constraint of the market—unaffordable product cost. Challenges farmers are at losses due to supply chain disruptions, leading to ultimately transporting raw material and scarcity of vehicles due to Stringent lockdown rules. The government's strict rules and regulations regarding the production of fertilizers are hampering the growth of NPK fertilizer.
The Global NPK Fertilizers Market is segmented further based on Type, Form, Livestock, Application, and Geography.
By Type, the market is classified as Phosphorous, Nitrogen, Potassium, and Others (secondary nutrients and micronutrients).
By Form Type, the market is classified as Powder, Liquid, and Others (Crystals, Prills, and Pellets).
By Livestock Type, the market is classified as Ruminants, Swine, Poultry, Others (pets, equine, and aquatic animals).
By Application, the market is classified as Dairy Products, Meat & Meat Products, Bakery Products, Beverages.
By Geography, Asia Pacific is projected to lead the market.
Acron cluster, a mineral chemical producer, signed offer agreements for a hundred 000 t of nitrate and NPK at Golden season Russian agro-industry display. Underneath this agreement company can offer a hundred 000 t of nitrate and NPK to Russian regional agricultural producers like Orel, Bryansk, and metropolis. the corporate hyperbolic their market share in Russian market – October 2019
Deepak Fertilisers & Petrochemicals Corporation Ltd (DFPCL), a producer of NPK fertilizers, has swollen its business in the Indian market. The new plant at Taloja (Maharashtra) provides NPK fertilizers underneath the complete named Mahadhan. the corporate swollen their production capability for the Indian market - Feb 2017
Some of the companies covered in this report are Borealis AG, AkzoNobel, Yara International ASA, Petroleo Brasileiro S.A., Agrium Inc., The Mosaic Company, Israel Chemicals Ltd., EuroChem, PotashCorp, K+S AKTIENGESELLSCHAFT, Alltech, PhosAgro, etc.
America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global NPK Fertilizers Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrant, Infogence's proprietary competitive positioning tool.
A complete analysis of the market, including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Yara International ASA
Petroleo Brasileiro S.A.
The Mosaic Company
Israel Chemicals Ltd.
Aditya Birla chemicals
SKW Stickstoffwerke Piesteritz
Grupo Villar Mir S.A.
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