The global agriculture fertilizers market size is expected to reach around US$ 85.8 billion by 2030 from US$ 71.16 billion in 2021 and is expected to grow at an impressive double-digit rate of 2.1% from 2022 to 2030.
- By form, the solid segment captured a market share of 63% in 2021
- Liquid segment is expected to witness the fastest growth rate of 5.2% from 2021 to 2030
- Based on nature, the inorganic segment accounted for 58.5% of the global market share in 2021
- China accounts for one-third of the total global urea consumption
- The global population is expected to reach over 9 billion by 2050
- Asia Pacific is the largest market accounting for over 50% of the market share and is also projected to be the fastest-growing market during the forecast period.
The study includes drivers and restraints of this market. The study provides an analysis of the global agriculture fertilizers market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Report Scope of the Agriculture Fertilizers Market
| Report Coverage | Details |
| Market Size by 2030 | USD 85.8 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 2.1% |
| Asia Pacific Market Share in 2021 | 50% |
| Solid Form Segment Market Share in 2021 | 63% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
What are the key trends in the Global Agriculture Fertilizers Market?
Growing demand for the organic food across the globe is expected to boost the adoption of the organic fertilizers in the forthcoming future. The increasing health consciousness and growing awareness regarding the bad effects of chemically processed foods on health has resulted in the increasing demand for the organic fertilizers. Moreover, the rising urbanization has shrunk the agricultural area on the Earth and now with the increasing demand for food, the adoption of effective agriculture fertilizers is gaining a rapid traction. The population on the globe is growing at a rapid pace and the demand for the food products is growing exponentially.
Furthermore, the rising investments in research and development of efficient nitrogenous fertilizers and the growing popularity of digital farming is boosting the market growth across the globe. The major market players are adopting digital marketing strategies to strengthen their business. For example, Yara International introduced a tool for precision farming, named Yaralix that allows measuring the nitrogen requirement of the crop using smartphones. Therefore, the rising adoption of digital technologies in the farming is expected to boost the growth of the agriculture fertilizers market during the forecast period.
What are the key challenges in the Global Agriculture Fertilizers Market?
The use of nitrogenous fertilizers during heavy rainfall gets leached into the groundwater and washed into water ways that may cause economical as well as environmental damage. Furthermore, the growing awareness among the consumers regarding the bad effects on health of using chemical based fertilizers is boosting the demand for the organic farming. However, shifting to organic farming is a complex process and the strict government regulations pertaining to the organic farming is a major challenge for the farmers. The farmers need to pay high fees for registration and have to invest few years to completely shift towards organic farming.
Furthermore, the use of organic fertilizers cannot produce as much as the inorganic fertilizers do and further, organic fertilizers are costly, which increases the cost of the crops. Therefore, production in huge volumes using organic fertilizers is a difficult and costly process and it is another major challenge for the market players. Further, the majority of the farmers especially in the developing and underdeveloped economies have low literacy rates and weak financial condition, which restricts them from adopting various digital and expensive technologies pertaining to the use of fertilizers. Thus, the production of crops is hampered. These are some of the prominent challenges in the global agriculture fertilizers market.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global agriculture fertilizers market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global agriculture fertilizers market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global agriculture fertilizers market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for agriculture fertilizers are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global agriculture fertilizers market include:
- Yara International
- Nutrien Ltd.
- The Mosaic Company
- Haifa Group
- Syngenta AG
- ICL Group Ltd.
- EuroChem Group
- OCP Group S.A.
- K+S Aktiengesellschaft
- Uralkali
Market Segmentation:
By Form
- Solid
- Liquid
By Nature
- Inorganic
- Organic
By Product
- Nitrogenous
- Phosphatic
- Potash
- Secondary Micronutrient
- Micronutrient
- Others
Regional Analysis:
The geographical analysis of the global agriculture fertilizers market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global agriculture fertilizers Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global agriculture fertilizers market in 2030?
- What is the expected CAGR for the agriculture fertilizers market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global agriculture fertilizers market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Agriculture Fertilizers Market
5.1. COVID-19 Landscape: Agriculture Fertilizers Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Agriculture Fertilizers Market, By Product
8.1. Agriculture Fertilizers Market, by Product Type, 2022-2030
8.1.1. Nitrogenous
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Phosphatic
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Potash
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Secondary Micronutrient
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Micronutrient
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Agriculture Fertilizers Market, By Form
9.1. Agriculture Fertilizers Market, by Form, 2022-2030
9.1.1. Solid
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Liquid
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Agriculture Fertilizers Market, By Nature
10.1. Agriculture Fertilizers Market, by Nature, 2022-2030
10.1.1. Inorganic
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Organic
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Agriculture Fertilizers Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.2. Market Revenue and Forecast, by Form (2017-2030)
11.1.3. Market Revenue and Forecast, by Nature (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.4.2. Market Revenue and Forecast, by Form (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Nature (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Form (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Nature (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.2. Market Revenue and Forecast, by Form (2017-2030)
11.2.3. Market Revenue and Forecast, by Nature (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.4.2. Market Revenue and Forecast, by Form (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Nature (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Form (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Nature (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Form (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Nature (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Form (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Nature (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.2. Market Revenue and Forecast, by Form (2017-2030)
11.3.3. Market Revenue and Forecast, by Nature (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.4.2. Market Revenue and Forecast, by Form (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Nature (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Form (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Nature (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Form (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Nature (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Form (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Nature (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.2. Market Revenue and Forecast, by Form (2017-2030)
11.4.3. Market Revenue and Forecast, by Nature (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.4.2. Market Revenue and Forecast, by Form (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Nature (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Form (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Nature (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Form (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Nature (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Form (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Nature (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.2. Market Revenue and Forecast, by Form (2017-2030)
11.5.3. Market Revenue and Forecast, by Nature (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.4.2. Market Revenue and Forecast, by Form (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Nature (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Form (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Nature (2017-2030)
Chapter 12. Company Profiles
12.1. Yara International
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Nutrien Ltd.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. The Mosaic Company
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Haifa Group
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Syngenta AG
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. ICL Group Ltd.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. EuroChem Group
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. OCP Group S.A.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. K+S Aktiengesellschaft
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Uralkali
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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