Press release
Chemical Fertilizers Market Size, In-depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis 2020 - 2023
The Business Research Company
The global chemical fertilizers market is expected to decline from $138.9 billion in 2019 to $132.9 billion in 2020 at a compound annual growth rate (CAGR) of -4.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of % from 2021 and reach $131.7 billion in 2023.
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The global chemical fertilizers market is expected to decline from $138.9 billion in 2019 to $132.9 billion in 2020 at a compound annual growth rate (CAGR) of -4.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of % from 2021 and reach $131.7 billion in 2023.
The water-soluble fertilizers market is growing rapidly due to the increased commercial cultivation of high value crops to meet the rising demand for such food. These fertilizers are specifically designed to be used in fertigation systems such as sprinkler and drip irrigation systems. Increasing awareness among farmers of technology-driven agricultural practices in developing nations is driving water soluble fertilizers sales.
Chemical Fertilizers Market Segmentation:
By Type
1. Nitrogen Fertilizer
2. Phosphate Fertilizer
3. Potash Fertilizer
By Method of Application
1. Broadcasting
2. Drop Spreading
3. Fertigation
4. Foilar Spray
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Chemical Fertilizers Market Characteristics
4. Chemical Fertilizers Market Product Analysis
5. Chemical Fertilizers Market Supply Chain
……
19. Chemical Fertilizers Market Competitive Landscape
20. Key Mergers And Acquisitions In The Chemical Fertilizers Market
21. Market Background: Chemicals Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the chemical fertilizers market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the chemical fertilizers market are Nutrien Ltd.; Yara International; The Mosaic Company; CF Industries Holdings Inc.; Israel Chemicals Ltd.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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