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Fertilizer Market worth $559.73 billion by 2030, growing at a CAGR of 4.44% - Exclusive Report by 360iResearch
Fertilizer Market | 360iResearch
The Global Fertilizer Market to grow from USD 412.85 billion in 2023 to USD 559.73 billion by 2030, at a CAGR of 4.44%.
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Fertilizers are substances added to soil & plant tissues to supply one or more nutrients crucial to the growth of plants. Fertilizers are pivotal in enhancing soil fertility and stimulating plant growth, thereby increasing agricultural productivity. Rising global food demand accelerated by population growth and dietary shifts boosting the adoption of high-efficiency fertilizers. In addition, the rapid adoption of precision farming technology and protected agriculture owing to the market growth. However, high production costs, especially for synthetic fertilizers, and fluctuating raw material prices impact the market expansion. Furthermore, the emerging bio-fertilizer sector, focusing on sustainable and organic farming practices, presents significant growth potential. Moreover, the development of environmentally friendly and efficiency-enhanced fertilizers poses a significant opportunity for market growth.
In the Americas, the United States and Canada are pivotal in the fertilizer market. The American region, with its large-scale industrial agriculture, emphasizes the use of nitrogen, phosphorus, and potassium (NPK) fertilizers to boost productivity. Ongoing trends include the adoption of precision agriculture technologies to optimize fertilizer use and minimize environmental impact. The European Union countries focus on sustainable agriculture and environmental protection, influencing fertilizer demand and usage patterns. Regulations promote the use of environmentally friendly farming practices. The EU's emphasis on reducing greenhouse gas emissions and preventing water pollution drives the adoption of innovative fertilizer products, such as controlled-release fertilizers and organic amendments. Africa, with its vast agricultural potential, faces challenges such as limited access to fertilizers, high costs, and low soil fertility. The APAC region is a major producer and consumer of fertilizers. The countries across the region are undergoing a shift towards sustainable agriculture, with the government implementing policies to promote the use of organic and reduced-chemical fertilizers. Investments in research for developing new fertilizer technologies and improving application methods are significant, aiming at reducing environmental impact while maintaining high crop yields.
Market Segmentation & Coverage:
This research report categorizes the Fertilizer Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Inorganic and Organic. The Inorganic is further studied across Micronutrient Fertilizers, Nitrogen Fertilizers, Phosphorus Fertilizers, and Potassium Fertilizers. The Inorganic is projected to witness significant market share during forecast period.
Based on Form, market is studied across Dry and Liquid. The Dry is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Offline is projected to witness significant market share during forecast period.
Based on Application, market is studied across Cereals, Fruits, Oilseeds, and Pulses. The Fruits is projected to witness significant market share during forecast period.
Based on End-use, market is studied across Agriculture, Gardening, and Horticulture. The Agriculture is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.39% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Fertilizer Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Fertilizer Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Fertilizer Market, highlighting leading vendors and their innovative profiles. These include Agroliquid, Aries Agro Limited, Ballance Agri-Nutrients Limited, CF Industries Holdings Inc., Coromandel International Ltd., Eurochem Group AG, Fertiberia S.A., Greenstar Fertilizers Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Limited, Haifa Group, Hubei Sinochem & Orient Fertilizer Co., Ltd., Israel Chemicals Ltd., K+S Aktiengesellschaft, Koch Fertilizer, LLC, Kugler Company, National Fertilizers Limited, Nutrien Ltd., OCP SA, Paradeep Phosphates Limited, PhosAgro Group of Companies, Plant Food Company, Inc., Rallis India Limited by Tata Chemicals Limited, Rural Liquid Fertilizers, SQM S.A., Sumitomo Chemical Co., Ltd., The Mosaic Company, URALCHEM JSC, Wengfu Group, Xinyangfeng Agricultural Technology Co., Ltd., Yara International ASA, and Yidu Xingfa Chemicals Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Fertilizer Market, by Type
7. Fertilizer Market, by Form
8. Fertilizer Market, by Distribution Channel
9. Fertilizer Market, by Application
10. Fertilizer Market, by End-use
11. Americas Fertilizer Market
12. Asia-Pacific Fertilizer Market
13. Europe, Middle East & Africa Fertilizer Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Fertilizer Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Fertilizer Market?
3. What is the competitive strategic window for opportunities in the Fertilizer Market?
4. What are the technology trends and regulatory frameworks in the Fertilizer Market?
5. What is the market share of the leading vendors in the Fertilizer Market?
6. What modes and strategic moves are considered suitable for entering the Fertilizer Market?
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