NPK Fertilizers Market Size, Future Growth, Segments Forecast 2021-2027

Precision Business Insights published a research report on “NPK Fertilizers Market – Analysis by Mode of Application (Foliar, Fertigation, and others), Crop Type (Fruits & Vegetables, Oilseeds & Pulses, Cereals & Grains and Others), Form (Dry and Liquid) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2027 - Global/Region/Country Forecast to 2027”.

NPK fertilisers are widely utilised in agriculture and other agricultural pursuits. The primary nutrients that a plant requires are nitrogen, phosphorus, and potassium. Nitrogen is a key component of chlorophyll and amino acids, and it helps the plant's vegetative growth, particularly the stems and branches. It raises product yield and enhances food quality. The energy unit of the plant, phosphorus, is required for root growth, flower creation, and seed formation. Potassium, on the other hand, aids in root development, bud development, and fruit ripening. It shields the crop from harsh weather conditions like heat, drought, and a variety of plant diseases.

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The NPK market is flourishing as people become more aware of high-quality food and feed products. Furthermore, advances in agricultural and farming techniques, as well as an increase in demand for high-quality food grains, are expected to aid the expansion of the NPK fertilisers market. The COVID-19 explosion has brought the global market to a standstill. Manufacturers are working on developing new tactics and methods to boost fertiliser demand. Farmers are losing money owing to supply chain interruptions, which result in late transit of raw materials and vehicle scarcity due to strict lockout laws. Many establishments were forced to close in order to prevent the virus from spreading. The market, on the other hand, is projected to forecast steady progress once the pandemic crisis is under control.

In terms of fertilizers, the nitrogen, phosphorus and potassium (NPK) fertilizers market are fragmented into food-grade and feed-grade. In terms of application, the market is divided into dairy products, bakery products, meat and meat products and beverages. In terms of form, the global nitrogen, phosphorus and potassium (NPK) fertilizers market is categorized into liquid, powder, and others. On the basis of type, the market is classified into phosphorus, nitrogen, potassium and others. In terms of crop type, the market is fragmented into oilseeds and pulses, cereals and grains, fruits and vegetables and others. On the basis of mode of application, the market is divided into foliar, fertigation, and others. On the basis of livestock, the market is segregated into poultry, ruminants, swine and others.

Due to increased consumer affluence and urbanisation, particularly in South Asian countries, the Asia-Pacific region now dominates the nitrogen, phosphorus, and potassium (NPK) fertilisers market and will continue to do so during the projected period. North America, on the other hand, is expected to develop profitably as the supply of arable land decreases and farmers become more conscious of the need for fertilisers to increase agricultural yields in the region.

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Some of the major key players in the NPK Fertilizers Market are Acron Group, Agroliquid, Compo Expert GmbH, EuroChem Agro GmbH, Haifa Chemicals Ltd, Helena Chemical Co, Helm AG, Israel Chemical Ltd, Teralytic, Shandong Liaocheng Luxi Chemical Sale Co. Ltd., Yara International ASA

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