Fertilizers Market Size, Share & Analysis, Forecast and Business Opportunities by 2027
Market
Insights
The Global Fertilizers Market is predicted to expand
at 5.4 % CAGR during the forecast period (2017-2023) owing to the growing
demand for food, asserts Market Research Future (MRFR). Specialty fertilizers
are commercial fertilizers which are being
distributed for non-farm use such as on municipal parks, home gardens,
greenhouses, golf courses, shrubbery, lawns, cemeteries, flowers, and nurseries.
They are diversified to get high-quality and high yield product by offering
plant nutrition for the soil. They release nutrients steadily into the roots
depending upon the environmental conditions and
thickness of the fertilizer coating.
Future
Drivers and Constraints
Specialty fertilizers are used to increase agriculture productivity and promote plant
health. Besides increasing the quantity, these fertilizers also improve the
quality of the produce. With the continuous rising population, the demand for
agricultural productivity is rising which is
estimated to drive the growth of Fertilizers
Market over the review period. Additionally, a change in technology and farming practices have increased
the adoption of protected agriculture and modern farming which is likely to
stimulate the market growth in the coming years. Besides, limited availability
of cultivable land due to land pollution and soil erosion is fuelling the
requirement for specialty fertilizers.
On the other hand, the growing trend for
organic food along with high production cost is inhibiting the market growth over
the review period.
Competitive
analysis
The major players in the Fertilizers Market:
·
Mosaic Company (U.S.)
·
Agrium Inc. (Canada)
·
Yara International (Norway)
·
Haifa Chemicals (Israel)
·
Atlantic Gold Corp (Canada)
·
Art Wilson Co. (U.S.)
·
Eurochem (Switzerland)
Global Fertilizers
Market: Segmental Analysis
The global specialty fertilizers market is
segmented based on type, crop type, and
region.
By mode of type, the global Fertilizers Market
is segmented into phosphate fertilizers,
nitrogen fertilizers, potash fertilizers, and others. Among these, the potash
fertilizers segment is anticipated to
hold the major share in the market. In potash fertilizers, potassium chloride
is likely to dominate the market over the review period. On the other hand,
nitrogen fertilizers are experiencing a
decent growth rate over the assessment period.
By mode of crop type, the global specialty fertilizers
market is segmented into fruits and
vegetables, cereals and oilseeds, turf and ornamentals, and others. Among
these, the segment for turfs and ornamentals are anticipated to dominate the Fertilizers
Market over the forecast period. Meanwhile, the
segment for cereals and oilseeds are also likely to expand at a high rate in
the coming years.
Access Complete Report @ https://www.marketresearchfuture.com/reports/specialty-fertilizers-market-5276
Regional
Insights
Geographically, the market for specialty fertilizers spans across regions namely
Europe, North America, Asia Pacific, and Rest-of-the-World.
Asia Pacific is likely to
dominate the global market and is predicted to maintain its
dominance over the assessment period. China and India are the two largest countries in this region in terms of population
contributing to the market growth in this region to a large extent. China holds
the major share followed by India in Asia
Pacific. North America is the second largest consumer after Asia Pacific, with the US being the fastest growing market in this region. However, strict
environmental regulations in the developed regions of Europe and North America
are predicted to inhibit the market growth over the review period.
Industry
News
Olimerca – ICL specialty fertilizers have launched a new catalog of Agromaster range, a controlled release fertilizer which is
superior in performance and allows to achieve better yield in a simple way. It
combines advanced technology with specially selected conventional granules for
a suitable release. The combination offers good phosphorous control for high-quality
result and a uniform product.
NOTE: Our Team of Researchers are Studying
Covid19 and its Impact on Various Industry Verticals and wherever required we
will be considering Covid19 Footprints for Better Analysis of Market and
Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media
Private Limited),
99 Hudson Street,5Th Floor,
New York,
New York 10013,
United States of America
Comments
Post a Comment