Fertilizer Market 2022-27: Overview, Price, Drivers, Demand and Forecast Report

The global market is primarily driven by considerable expansion in the agriculture sector.

SHERIDAN, WYOMING, UNITED STATES, February 3, 2023 /EINPresswire.com/ -- The latest report by IMARC Group, titled “Fertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, Offers a comprehensive analysis of the industry, which comprises insights on the global fertilizer market outlook. The global fertilizer market reached a value of US$ 163.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 203.5 Billion by 2027, exhibiting a CAGR of 3.9% during 2022-2027.

Fertilizers are natural and chemical substances that contain necessary nutrients, such as nitrogen, phosphorous, and potassium, for enhancing the soil fertility. They improve the fertility of the soil by altering the pH level and destroying pathogenic components that lead to crop failure. They also assist in providing resistance against pests, increasing water retention, and improving the overall growth of crops.

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Important Attribute and highlights of the Report:

Detailed analysis of the global market share
Market Segmentation
Historical, current, and projected size of the market in terms of volume and value
Latest industry trends and developments
Competitive Landscape
Strategies of major players and product offerings

Global Fertilizer Market Trends:

The growing global population is resulting in a significant rise in the demand for food. This represents one of the key factors catalyzing the demand for fertilizer across the globe. Additionally, the growing inclination of consumers toward organic products due to the rising health consciousness among individuals is catalyzing the demand for organic fertilizers. Apart from this, rapid urbanization is resulting in reducing cultivation areas. This is driving the sales of fertilizers to enhance crop yield in a small space and strengthening the market growth. Furthermore, governments of various countries are introducing awareness programs to educate farmers about the proper usage and benefits of using fertilizers. They are also implementing favorable schemes and supporting and funding research and development (R&D) activities for the introduction of new-age smart solutions, which is projected to stimulate the growth of the market.

Key Market Segmentation:                           

Competitive Landscape:                                

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Top fertlizer companies in World 

CF Industries, Haifa Group, Indian Farmers Fertiliser Co-operative Limited (IFFCO), Israel Chemicals Ltd. (ICL), Nutrien Limited, Sociedad Química y Minera (SQM), The Mosaic Company, Uralkali and Yara International.

The report has segmented the market on the basis on on region, product type, product, product form and crop type.

Breakup by Product Type:

Chemical Fertilizer
Biofertilizers

Breakup by Product:

Straight Fertilizers
Complex Fertilizers

Breakup by Product Form:

Dry
Liquid

Breakup by Crop Type:

Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Flowers and Ornamentals
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Key highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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