Global Fertilizers Market, By Product Type (Organic, Inorganic), By Form (Gas, Granules, Liquid, Others), By Application Method (Broadcasting, Drip Method, Fertigation, Foliar Spraying, Sowing, Others), By Crop Type (Cash Crops, Cereals, Horticulture Crops, Plantation Crops, Turfs and Ornamental Crops, Others) – Competitive Landscape & Growth Potential Analysis, 2022-2031

Categories: Chemicals and Materials

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The Global Fertilizers Market size will reach $252.0 billion by 2031, expanding at a CAGR of 2.3% from 2022 to 2031. Fertilizer demand is primarily driven by global nutrient needs, dismal economic outlook, declining crop prices, increased market pressure, and volatile energy prices. In addition, the presence of limited arable land coupled with the ever-increasing food demand resulting from population growth has increased fertilizer use.

IMPACT OF COVID-19 ON THE GLOBAL FERTILIZERS MARKET

Fertilizer market supply chain interruptions have hurt farmers at the outset of the food production process, which begins at the farm level. To restrict the spread of COVID-19, lockdowns have been imposed in certain regions, impeding the movement of cars, containers, and raw materials. Due to the COVID-19 epidemic, the fluctuating cost of raw materials is also a significant obstacle for fertilizer manufacturers.

GLOBAL FERTILIZERS MARKET INFOGRAPHICS

Source: ThinkWise Intelligence Analysis

GLOBAL FERTILIZERS MARKET DYNAMICS

MARKET DRIVER: REDUCING ARABLE LAND AND RISING FOOD DEMAND

The world's population is increasing at a high rate. This expanding population increases the demand for food. Providing food for this expanding population has become a danger. On the other hand, arable land is diminishing due to industrialization and urbanization. FAO indicated in 'The Resource Outlook to 2050' that approximately 12 percent of the world's land surface (1.50 billion hectares) is currently used for crop cultivation. There is limited potential for agricultural land growth.

According to multiple projections, the world's per capita arable land area will decrease to 0.18 ha by 2050, compared to 0.15 ha in developing nations and 0.42 ha in rich nations. In addition, the global population is anticipated to increase from 7.4 billion in 2016 to 9.7 billion by 2050, with nearly all growth occurring in developing nations. Therefore, it is suggested that the world food output expands by 60 to 70 percent between 2005 and 2050. The amount of land per capita is anticipated to decrease due to population growth and a consistent rate of land degradation. This has resulted in a situation where current arable land is under pressure to produce more food sustainably using technologically superior fertilizers.

MARKET RESTRAINT: UNCONTROLLED FERTILIZER USE THAT LEADS TO POLLUTION

The optimal use of fertilizers must be regulated, as excessive use of fertilizers causes pollution. For example, nitrogen-based fertilizers boost plant growth. However, excessive usage of nitrogen-based fertilizers has hazardous impacts on animals, humans, plants, and water sources. In addition, it contributes to climate change and releases damaging greenhouse gases, such as nitrous oxide, which is projected to hinder the growth of the fertilizer market throughout the forecast period.

MARKET OPPORTUNITY: INCREASE IN ORGANIC FERTILIZER ADOPTION

Organic fertilizers are rising due to their capacity to boost soil nutrients, water retention, and structure. Synthetic or inorganic chemicals contain soil-destabilizing compounds such as ammonium nitrate, potassium sulfate, etc. However, organic fertilizers are abundant in organic materials such as manure, crushed shells, and fish meal that promote the growth of microorganisms through a natural biological process. As organic fertilizers add organic matter to the soil, they lessen the demand for pesticides. Additionally, organic fertilizers increase crop resistance to erosion. In addition, it is anticipated that various government programs, such as financial subsidies to promote the use of organic fertilizers will provide enormous growth prospects.

KEY TRENDS IN THE GLOBAL FERTILIZERS MARKET

GLOBAL FERTILIZERS MARKET TRENDS, BY PRODUCT TYPE

" During the forecasted period, organic fertilizers will be in high demand."

Organic fertilizers are typically safer and less concentrated than their inorganic counterparts. Organic fertilizers are non-toxic and environmentally safe. They are supposed to be the most effective plant and crop fertilizers. Their regular application does not compromise the biological balance of the soil and helps to increase soil fertility. Growing environmental consciousness and the harmful effects of using inorganic or synthetic fertilizers have helped many farmers convert to organic agriculture. Moreover, the fertilizer market is projected to profit from the rising demand for organic agricultural products.

GLOBAL FERTILIZERS MARKET TRENDS, BY APPLICATION METHOD

" Fertigation will experience a tremendous increase in demand."

Increasing innovation in irrigation technology is anticipated to catalyze the growing utilization of fertigation systems for specialty fertilizers over the forecast period. The employment of this method or drip irrigation is a time- and labor-saving application method for fertilizers; as a result, its popularity is expected to increase significantly and contribute to market expansion. This strategy can help conserve water and electricity. Therefore, they are effective for growing fiber crops in arid nations or locations.

GLOBAL FERTILIZERS MARKET TRENDS, BY CROP TYPE

" During the projected period, the fruits and vegetables market segment would experience the greatest development."

As numerous types of cereal are used as staples throughout the world, the demand for cereals is rising rapidly. This subsegment will hold a sizeable part of the specialty fertilizers market as the global population rises and food security concerns develop. Consequently, it is anticipated that the product's use to increase cereal crop yields will increase dramatically. Due to their great nutritional value, the demand for fruits and vegetables is rising in several established and developing nations. In addition, the demand for organic fruits and vegetables is increasing due to their numerous health advantages. Farmers are anticipated to increase their use of these fertilizers, such as micronutrient fertilizers, to support the quick growth of organic fruits and vegetables.

GLOBAL FERTILIZERS MARKET TRENDS, BY REGION

" During the projected period, the Asia-Pacific fertilizers market will experience a substantial increase in demand."

Asia-Pacific dominates the fertilizer industry and will see a CAGR of approximately 2.5% over the forecast period. Population growth in China, India, Pakistan, Vietnam, and Bangladesh, coupled with the rising need for better food production, is anticipated to increase fertilizer market concentration in the future years. Several countries in the region are among the largest exporters of agricultural products worldwide. Vietnam and Thailand, for instance, export a record amount of rice annually. In contrast, India is anticipated to export rice worth over USD 4 billion in 2020. In addition, a rise in foreign direct investment and government subsidies in the fertilizer industry will raise regional product demand.

It is projected that North America will lead the global market due to the region's rising usage of high-quality crop nutrition products. In countries such as the United States and Canada, there is a growing demand for fertilizers that can meet the nutritional needs of plants and provide them with the necessary nutrients at the appropriate intervals. Greater awareness among area farmers of the various specialized fertilizers on the market and the benefits connected with their use is helping to the expansion of the regional market. In addition, the presence of prominent producing businesses like Nutrien Ltd., FMC Corporation, and others contribute considerably to the market expansion in the region.

COMPETITIVE LANDSCAPE IN THE GLOBAL FERTILIZERS MARKET

Market leaders in the industry, including Nutrien Ltd., Israel Chemicals Ltd., Haifa Chemicals, and others, are focusing on expanding their specialty fertilizer product lines. Nutrien Ltd. is becoming one of the industry's leading players. In 2017, two global fertilizer heavyweights, PotashCorp and Agrium, merged to form this corporation. To enhance its market dominance and share, the corporation emphasizes new launches, acquisitions, and partnership tactics.

RECENT DEVELOPMENTS IN THE GLOBAL FERTILIZERS MARKET

In January 2020, Nutrien Ltd. announced acquiring Agrosema Comercial Agricola Ltd., a Brazilian agribusiness retailer. This acquisition is a tactic to access the traditional or specialist South American fertilizer sector further.
In January 2018, Nutrien Ltd. announced that it had agreed to buy Agrichem, a leading Brazilian manufacturer of specialty plant nutrition products.

CHAPTER 1. INTRODUCTION
1.1. KEY OBJECTIVES OF THE STUDY
1.2. MARKET SCOPE & DEFINITION
1.2.1. MARKET SEGMENTATION
1.3. REPORT DESCRIPTION
1.4. LIMITATIONS
1.5. STAKEHOLDERS FOR PRIMARY INTERVIEWS

CHAPTER 2. RESEARCH METHODOLOGY
2.1. DATA EXPLORATION
2.1.1. PRIMARY DATA
2.1.1.1. DATA SOURCES
2.1.1.2. KEY DATA COLLECTED
2.1.2. SECONDARY DATA
2.1.2.1. DATA SOURCES
2.1.2.2. KEY DATA COLLECTED
2.2. MARKET SIZE ESTIMATION
2.2.1. TOP-DOWN APPROACH
2.2.2. BOTTOM-UP APPROACH
2.3. DATA BREAKDOWN & TRIANGULATION
2.4. ASSUMPTIONS & FORECAST PARAMETERS

CHAPTER 3. EXECUTIVE SUMMARY

CHAPTER 4. THINKWISE INTELLIGENCE EXCLUSIVE INSIGHTS
4.1. MARKET ATTRACTIVENESS, BY PRODUCT TYPE
4.2. MARKET ATTRACTIVENESS, BY FORM
4.3. MARKET ATTRACTIVENESS, BY APPLICATION METHOD
4.4. MARKET ATTRACTIVENESS, BY CROP TYPE
4.5. MARKET ATTRACTIVENESS, BY REGION

CHAPTER 5. MARKET OVERVIEW
5.1. INTRODUCTION
5.2. GROWTH IMPACT FORCES
5.2.1. DRIVERS
5.2.2. RESTRAINTS
5.2.3. OPPORTUNITIES
5.2.4. THREATS
5.3. MARKET ECOSYSTEM & VALUE CHAIN
5.3.1. ECOSYSTEM ANALYSIS
5.3.1.1. IMPACT OF COVID-19 ON THE MARKET ECOSYSTEM
5.3.2. VALUE CHAIN ANALYSIS
5.3.2.1. IMPACT OF COVID-19 ON THE MARKET VALUE CHAIN
5.4. INNOVATION & SUSTAINABILITY MATRICES
5.4.1. PATENT MATRIX
5.4.2. REGULATORY MATRIX
5.5. PRICE MATRIX
5.5.1. IMPACT OF COVID-19 ON PRICING
5.5.2. PRICING ANALYSIS
5.5.2.1. BY PRODUCT TYPE
5.5.2.2. BY FORM
5.5.2.3. BY APPLICATION METHOD
5.5.2.4. BY CROP TYPE
5.5.2.5. BY REGION
5.6. PORTER’S FIVE FORCES ANALYSIS
5.6.1. BARGAINING POWER OF SUPPLIERS
5.6.2. BARGAINING POWER OF CONSUMERS
5.6.3. THREAT OF SUBSTITUTES
5.6.4. THREAT OF NEW-ENTRANTS
5.6.5. COMPETITIVE RIVALRY INTENSITY
5.7. PESTLE ANALYSIS
5.7.1. POLITICAL
5.7.2. ECONOMICAL
5.7.3. SOCIAL
5.7.4. TECHNOLOGICAL
5.7.5. ENVIRONMENTAL
5.8. IMPACT OF COVID-19 ON GLOBAL FERTILIZER MARKET
5.8.1. PRE-COVID MARKET SCENARIO
5.8.2. POST-COVID MARKET SCENARIO

CHAPTER 6. GLOBAL FERTILIZERS MARKET ANALYSIS, BY PRODUCT TYPE
6.1. INTRODUCTION
6.1.1. ORGANIC
6.1.2. INORGANIC

CHAPTER 7. GLOBAL FERTILIZERS MARKET ANALYSIS, BY FORM
7.1. INTRODUCTION
7.1.1. GAS
7.1.2. GRANULES
7.1.3. LIQUID
7.1.4. OTHERS

CHAPTER 8. GLOBAL FERTILIZERS MARKET ANALYSIS, BY APPLICATION METHOD
8.1. INTRODUCTION
8.1.1. BROADCASTING
8.1.2. DRIP METHOD
8.1.3. FERTIGATION
8.1.4. FOLIAR SPRAYING
8.1.5. SOWING
8.1.6. OTHERS

CHAPTER 9. GLOBAL FERTILIZERS MARKET ANALYSIS, BY CROP TYPE
9.1. INTRODUCTION
9.1.1. CASH CROPS
9.1.2. CEREALS
9.1.3. HORTICULTURE CROPS
9.1.4. PLANTATION CROPS
9.1.5. TURFS AND ORNAMENTAL CROPS
9.1.6. OTHERS

CHAPTER 10. GLOBAL FERTILIZERS MARKET ANALYSIS, BY REGION
10.1. INTRODUCTION
10.1.1. NORTH AMERICA
10.1.1.1. UNITED STATES (U.S.)
10.1.1.2. CANADA
10.1.1.3. MEXICO
10.1.2. SOUTH AMERICA
10.1.2.1. ARGENTINA
10.1.2.2. BRAZIL
10.1.2.3. COLOMBIA
10.1.2.4. REST OF SOUTH AMERICA
10.1.3. EUROPE
10.1.3.1. GERMANY
10.1.3.2. FRANCE
10.1.3.3. UNITED KINGDOM (UK)
10.1.3.4. RUSSIA
10.1.3.5. SPAIN
10.1.3.6. ITALY
10.1.3.7. SWITZERLAND
10.1.3.8. REST OF EUROPE
10.1.4. ASIA-PACIFIC
10.1.4.1. CHINA
10.1.4.2. JAPAN
10.1.4.3. INDIA
10.1.4.4. SOUTH KOREA
10.1.4.5. AUSTRALIA
10.1.4.6. INDONESIA
10.1.4.7. SINGAPORE
10.1.4.8. MALAYSIA
10.1.4.9. REST OF ASIA-PACIFIC
10.1.5. MIDDLE EAST
10.1.5.1. EGYPT
10.1.5.2. KUWAIT
10.1.5.3. SAUDI ARABIA
10.1.5.4. UNITED ARAB EMIRATES (UAE)
10.1.5.5. REST OF MIDDLE EAST
10.1.6. AFRICA
10.1.6.1. EGYPT
10.1.6.2. NIGERIA
10.1.6.3. SOUTH AFRICA
10.1.6.4. REST OF AFRICA

CHAPTER 11. COMPETITIVE LANDSCAPE
11.1. TOP WINNING STRATEGIES
11.1.1. BY STRATEGY
11.1.2. BY REGION
11.1.3. BY YEAR
11.2. COMPETITIVE HEATMAP
11.3. PRODUCT BENCHMARKING
11.4. STRATEGIC BENCHMARKING
11.4.1. MERGERS & ACQUISITIONS
11.4.2. STRATEGIC PARTNERSHIPS & COLLABORATIONS

CHAPTER 12. PLAYER BENCHMARKING
12.1. HAIFA GROUP
12.1.1. BUSINESS OVERVIEW
12.1.2. PRODUCT OFFERINGS
12.1.3. FINANCIAL OVERVIEW
12.1.4. STRATEGIC BENCHMARKING
12.1.5. SWOT ANALYSIS
12.2. YARA INTERNATIONAL ASA
12.2.1. BUSINESS OVERVIEW
12.2.2. PRODUCT OFFERINGS
12.2.3. FINANCIAL OVERVIEW
12.2.4. STRATEGIC BENCHMARKING
12.2.5. SWOT ANALYSIS
12.3. NUTRIEN LTD.
12.3.1. BUSINESS OVERVIEW
12.3.2. PRODUCT OFFERINGS
12.3.3. FINANCIAL OVERVIEW
12.3.4. STRATEGIC BENCHMARKING
12.3.5. SWOT ANALYSIS
12.4. THE MOSAIC COMPANY
12.4.1. BUSINESS OVERVIEW
12.4.2. PRODUCT OFFERINGS
12.4.3. FINANCIAL OVERVIEW
12.4.4. STRATEGIC BENCHMARKING
12.4.5. SWOT ANALYSIS
12.5. CF INDUSTRIES HOLDINGS, INC.
12.5.1. BUSINESS OVERVIEW
12.5.2. PRODUCT OFFERINGS
12.5.3. FINANCIAL OVERVIEW
12.5.4. STRATEGIC BENCHMARKING
12.5.5. SWOT ANALYSIS
12.6. BUNGE LIMITED
12.6.1. BUSINESS OVERVIEW
12.6.2. PRODUCT OFFERINGS
12.6.3. FINANCIAL OVERVIEW
12.6.4. STRATEGIC BENCHMARKING
12.6.5. SWOT ANALYSIS
12.7. SYNGENTA AG
12.7.1. BUSINESS OVERVIEW
12.7.2. PRODUCT OFFERINGS
12.7.3. FINANCIAL OVERVIEW
12.7.4. STRATEGIC BENCHMARKING
12.7.5. SWOT ANALYSIS
12.8. ISRAEL CHEMICAL LTD. (ICL)
12.8.1. BUSINESS OVERVIEW
12.8.2. PRODUCT OFFERINGS
12.8.3. FINANCIAL OVERVIEW
12.8.4. STRATEGIC BENCHMARKING
12.8.5. SWOT ANALYSIS
12.9. SUMITOMO CHEMICAL CO., LTD.
12.9.1. BUSINESS OVERVIEW
12.9.2. PRODUCT OFFERINGS
12.9.3. FINANCIAL OVERVIEW
12.9.4. STRATEGIC BENCHMARKING
12.9.5. SWOT ANALYSIS
12.10. GEMLINK FERTILIZER INC.
12.10.1. BUSINESS OVERVIEW
12.10.2. PRODUCT OFFERINGS
12.10.3. FINANCIAL OVERVIEW
12.10.4. STRATEGIC BENCHMARKING
12.10.5. SWOT ANALYSIS