Chemical Fertilizers Market 2020: Industry Research, Review, Growth, Segmentation, Key Player Analysis And Forecast 2022 | Nutrien Ltd, Yara International

Chemical Fertilizers Market By Type (Nitrogen Fertilizers, Phosphate Fertilizers, Potash Fertilizers), And By Region– Global Forecast To 2022 By The Business Research Company

The global market for chemical fertilizers reached a value of nearly $104.9 billion in 2018, having declined at a compound annual growth rate (CAGR) of -3.3% since 2014. The market is expected to grow at a CAGR of +3.7% to nearly $121.3 billion by 2022.

The key drivers of the chemical fertilizers market include:
Government Subsidies – Governments across all nations offer support in the form of incentives, subsidies, loans and tax waivers on agricultural products and fertilizers, thereby boosting the overall industry. Fertilizers subsidies are offered by governments to increase agricultural production while insulating farmers from the rising prices of fertilizers. Some governments fix the price of fertilizers at below market rates and reimburse companies for shortfalls. Some governments directly transfer fertilizers subsidies to farmers or farming communities, thus benefitting the fertilizers market.

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Chemical Fertilizers Market Segmentation:
The Chemical Fertilizers market is segmented by type of nutrient, and by geography

By Type- The chemical fertilizers market is segmented by type of nutrient into
1) Nitrogen
2) Phosphate
3) Potash
The potash market is expected to be the fastest-growing segment going forward at a CAGR of 5.1%. Major drivers of the potash market segment include economic growth and the adoption of advanced technologies.

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By Geography - The chemical fertilizers market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa

Some of the major key players involved in the chemical fertilizers market are
1. Nutrien Ltd.
2. Yara International
3. The Mosaic Company
4. CF Industries Holdings Inc.
5. Israel Chemicals Ltd

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