Fertilizer Market Projected to Reach US$ 222940 Million by 2028 with a CAGR of 3.1% During the Forecast Period 2022-2028

Los Angeles-United State: QY Research has recently published a research report titled, "Global Fertilizer Market Research Report 2022" assessing various factors impacting its trajectory. Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Fertilizer estimated at US$ 185630 million in the year 2022, is projected to reach a revised size of US$ 222940 million by 2028, growing at a CAGR of 3.1% during the forecast period 2022-2028. The growth is attributed to the increasing popularity of agriculture on a commercial level across the world.

The growing population is emphasizing the expansion of agriculture sector. As per the United Nations, the worldwide population will surpass nine billion people by 2050. In addition, as per the Food and Agriculture Organization, more than 70% of the global population will live in cities by 2050. The farmers are being forced to use fertilizers to enhance their agricultural output due to loss of arable land across the globe. As a result, the growing population is expanding the global fertilizer market over the forecast period.

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As the need for smart agriculture grows, different governments in emerging and established nations have taken steps to encourage farmers to convert their land to organic. For example, the European government has set aside 30% of its CAP policy's rural development budget to assist organic farming. The governmental activities that is likely to benefit the sales of organic fertilizers in the coming years to come include market findings, capacity growth, targeted subsidies, and research assistance for organic farming. Thus, the surge in demand for organic fertilizers is contributing towards the growth of global fertilizer market.
The agriculture segment will generate over USD 100 billion by 2030. The fertilizer industry is likely to be driven by fertilizer applications in agricultural activities such as cultivating plants and basic food crops. Furthermore, increasing demand for rice, maize, wheat, millets, paddy, and barley in developed as well as developing economies would push fertilizer market in coming years. By 2030, fertilizer usage for agriculture applications will be driven using fertilizers in agricultural areas to replenish essential minerals present naturally in the soil, such as nitrogen, phosphorus, and potassium.

Key Players Mentioned in the Global Fertilizer Market Research Report:

Kynoch Fertilizer

Sorfert

Bunge Ltd.

Nutrien Ltd.

Yara

Omnia Holdings Limited

Sasol

Aquasol Nutri

TriomfSA

Rolfes Agri (Pty) Ltd.

OCI Nitrogen

ICL Fertilizers

Eurochem Group AG

CF Industries Holdings Inc.

Koch Fertilizer, LLC

Hellagrolip SA

Coromandel International Limited

Haifa Group

Notore Chemical Industries Plc

Global Fertilizer Market by Type:

Nitrogen

Phosphate

Others

Global Fertilizer Market by Application:

Agriculture

Forestry

Asia Pacific region held the highest share higher than 65% in terms of revenue in 2021. The growth is attributed to a larger available area for cultivation, favorable climate conditions, and a higher rural population. Major multinational manufacturers of nitrogenous fertilizers are establishing their manufacturing units in countries of Asia owing to increasing demand and a growing focus on food security. China is the biggest consumer of the product across the globe and acquires around one-third of the overall global product consumption. These fertilizers play a crucial role to maintain food security in China by allowing a larger growth in both non-grain and grain yields. Barley, rice, soybeans, potatoes, tea, wheat, millets, tomatoes, cotton, and peanuts are some of the key food crops cultivated in the country.

How Can the Research Study Help your Business?

(1) The information presented in the Fertilizer report helps your decision makers to become prudent and make the best business choices.

(2) The report enables you to see the future of the global Fertilizer market and accordingly take decisions that will be in the best interest of your business.

(3) It offers you a forward-looking perspective of the global Fertilizer market drivers and how you can secure significant market gains in the near future.

(4) It provides SWOT analysis of the global Fertilizer market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.

(5) It also assesses the changing competitive dynamics of the global Fertilizer market using pin-point evaluation.

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Table of content:

1 Fertilizer Market Overview

1.1 Product Overview and Scope of Fertilizer

1.2 Fertilizer Segment by Type

1.2.1 Global Fertilizer Market Size Growth Rate Analysis by Type 2022 VS 2028

1.2.2 Nitrogen

1.2.3 Phosphate

1.2.4 Others

1.3 Fertilizer Segment by Application

1.3.1 Global Fertilizer Consumption Comparison by Application: 2022 VS 2028

1.3.2 Agriculture

1.3.3 Forestry

1.4 Global Market Growth Prospects

1.4.1 Global Fertilizer Revenue Estimates and Forecasts (2017-2028)

1.4.2 Global Fertilizer Production Capacity Estimates and Forecasts (2017-2028)

1.4.3 Global Fertilizer Production Estimates and Forecasts (2017-2028)

1.5 Global Market Size by Region

1.5.1 Global Fertilizer Market Size Estimates and Forecasts by Region: 2017 VS 2021 VS 2028

1.5.2 North America Fertilizer Estimates and Forecasts (2017-2028)

1.5.3 Europe Fertilizer Estimates and Forecasts (2017-2028)

1.5.4 China Fertilizer Estimates and Forecasts (2017-2028)

1.5.5 Japan Fertilizer Estimates and Forecasts (2017-2028)

2 Market Competition by Manufacturers

2.1 Global Fertilizer Production Capacity Market Share by Manufacturers (2017-2022)

2.2 Global Fertilizer Revenue Market Share by Manufacturers (2017-2022)

2.3 Fertilizer Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

2.4 Global Fertilizer Average Price by Manufacturers (2017-2022)

2.5 Manufacturers Fertilizer Production Sites, Area Served, Product Types

2.6 Fertilizer Market Competitive Situation and Trends

2.6.1 Fertilizer Market Concentration Rate

2.6.2 Global 5 and 10 Largest Fertilizer Players Market Share by Revenue

2.6.3 Mergers & Acquisitions, Expansion

3 Production Capacity by Region

3.1 Global Production Capacity of Fertilizer Market Share by Region (2017-2022)

3.2 Global Fertilizer Revenue Market Share by Region (2017-2022)

3.3 Global Fertilizer Production Capacity, Revenue, Price and Gross Margin (2017-2022)

3.4 North America Fertilizer Production

3.4.1 North America Fertilizer Production Growth Rate (2017-2022)

3.4.2 North America Fertilizer Production Capacity, Revenue, Price and Gross Margin (2017-2022)

3.5 Europe Fertilizer Production

3.5.1 Europe Fertilizer Production Growth Rate (2017-2022)

3.5.2 Europe Fertilizer Production Capacity, Revenue, Price and Gross Margin (2017-2022)

3.6 China Fertilizer Production

3.6.1 China Fertilizer Production Growth Rate (2017-2022)

3.6.2 China Fertilizer Production Capacity, Revenue, Price and Gross Margin (2017-2022)

3.7 Japan Fertilizer Production

3.7.1 Japan Fertilizer Production Growth Rate (2017-2022)

3.7.2 Japan Fertilizer Production, Revenue, Price and Gross Margin (2017-2022)

4 Global Fertilizer Consumption by Region

4.1 Global Fertilizer Consumption by Region

4.1.1 Global Fertilizer Consumption by Region

4.1.2 Global Fertilizer Consumption Market Share by Region

4.2 North America

4.2.1 North America Fertilizer Consumption by Country

4.2.2 U.S.

4.2.3 Canada

4.3 Europe

4.3.1 Europe Fertilizer Consumption by Country

4.3.2 Germany

4.3.3 France

4.3.4 U.K.

4.3.5 Italy

4.3.6 Russia

4.4 Asia Pacific

4.4.1 Asia Pacific Fertilizer Consumption by Region

4.4.2 China

4.4.3 Japan

4.4.4 South Korea

4.4.5 China Taiwan

4.4.6 Southeast Asia

4.4.7 India

4.4.8 Australia

4.5 Latin America

4.5.1 Latin America Fertilizer Consumption by Country

4.5.2 Mexico

4.5.3 Brazil

5 Segment by Type

5.1 Global Fertilizer Production Market Share by Type (2017-2022)

5.2 Global Fertilizer Revenue Market Share by Type (2017-2022)

5.3 Global Fertilizer Price by Type (2017-2022)

6 Segment by Application

6.1 Global Fertilizer Production Market Share by Application (2017-2022)

6.2 Global Fertilizer Revenue Market Share by Application (2017-2022)

6.3 Global Fertilizer Price by Application (2017-2022)

7 Key Companies Profiled

7.1 Yara

7.1.1 Yara Fertilizer Corporation Information

7.1.2 Yara Fertilizer Product Portfolio

7.1.3 Yara Fertilizer Production Capacity, Revenue, Price and Gross Margin (2017-2022)

7.1.4 Yara Main Business and Markets Served

7.1.5 Yara Recent Developments/Updates

7.2 Mosaic

7.2.1 Mosaic Fertilizer Corporation Information

7.2.2 Mosaic Fertilizer Product Portfolio

7.2.3 Mosaic Fertilizer Production Capacity, Revenue, Price and Gross Margin (2017-2022)

7.2.4 Mosaic Main Business and Markets Served

7.2.5 Mosaic Recent Developments/Updates

7.3 Nutrien

7.3.1 Nutrien Fertilizer Corporation Information

7.3.2 Nutrien Fertilizer Product Portfolio

7.3.3 Nutrien Fertilizer Production Capacity, Revenue, Price and Gross Margin (2017-2022)

7.3.4 Nutrien Main Business and Markets Served

7.3.5 Nutrien Recent Developments/Updates

7.4 Eurochem

7.4.1 Eurochem Fertilizer Corporation Information

7.4.2 Eurochem Fertilizer Product Portfolio

7.4.3 Eurochem Fertilizer Production Capacity, Revenue, Price and Gross Margin (2017-2022)

7.4.4 Eurochem Main Business and Markets Served

7.4.5 Eurochem Recent Developments/Updates

7.5 Nutrien

7.5.1 Nutrien Fertilizer Corporation Information

7.5.2 Nutrien Fertilizer Product Portfolio

7.5.3 Nutrien Fertilizer Production Capacity, Revenue, Price and Gross Margin (2017-2022)

7.5.4 Nutrien Main Business and Markets Served

7.5.5 Nutrien Recent Developments/Updates

8 Fertilizer Manufacturing Cost Analysis

8.1 Fertilizer Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Key Suppliers of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.3 Manufacturing Process Analysis of Fertilizer

8.4 Fertilizer Industrial Chain Analysis

9 Marketing Channel, Distributors and Customers

9.1 Marketing Channel

9.2 Fertilizer Distributors List

9.3 Fertilizer Customers

10 Market Dynamics

10.1 Fertilizer Industry Trends

10.2 Fertilizer Market Drivers

10.3 Fertilizer Market Challenges

10.4 Fertilizer Market Restraints

11 Production and Supply Forecast

11.1 Global Forecasted Production of Fertilizer by Region (2023-2028)

11.2 North America Fertilizer Production, Revenue Forecast (2023-2028)

11.3 Europe Fertilizer Production, Revenue Forecast (2023-2028)

11.4 China Fertilizer Production, Revenue Forecast (2023-2028)

11.5 Japan Fertilizer Production, Revenue Forecast (2023-2028)

12 Consumption and Demand Forecast

12.1 Global Forecasted Demand Analysis of Fertilizer

12.2 North America Forecasted Consumption of Fertilizer by Country

12.3 Europe Market Forecasted Consumption of Fertilizer by Country

12.4 Asia Pacific Market Forecasted Consumption of Fertilizer by Region

12.5 Latin America Forecasted Consumption of Fertilizer by Country

13 Forecast by Type and by Application (2023-2028)

13.1 Global Production, Revenue and Price Forecast by Type (2023-2028)

13.1.1 Global Forecasted Production of Fertilizer by Type (2023-2028)

13.1.2 Global Forecasted Revenue of Fertilizer by Type (2023-2028)

13.1.3 Global Forecasted Price of Fertilizer by Type (2023-2028)

13.2 Global Forecasted Consumption of Fertilizer by Application (2023-2028)

13.2.1 Global Forecasted Production of Fertilizer by Application (2023-2028)

13.2.2 Global Forecasted Revenue of Fertilizer by Application (2023-2028)

13.2.3 Global Forecasted Price of Fertilizer by Application (2023-2028)

14 Research Finding and Conclusion

15 Methodology and Data Source

15.1 Methodology/Research Approach

15.1.1 Research Programs/Design

15.1.2 Market Size Estimation

15.1.3 Market Breakdown and Data Triangulation

15.2 Data Source

15.2.1 Secondary Sources

15.2.2 Primary Sources

15.3 Author List

15.4 Disclaimer

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