Fertilizer Market Growing At A CAGR Of 3.55% From 2022 To 2030

The global fertilizer market was valued at $184.60 billion in 2021, and is projected to reach $251.57 billion by 2030, growing at a CAGR of 3.55% from 2022 to 2030.

In order to improve crop performance by supplying nutrients for plant growth, fertilisers of either synthetic or natural origin are applied to soil or plant tissue. Nitrogen, for instance, is the main component of chlorophyll, which supports plant photosynthesis, and is found in nitrogen-based fertilisers. Due to the fact that phosphorus is present in cell protoplasm, which encourages cell development and proliferation, phosphorus fertilisers are advantageous to plant roots. Contrarily, organic fertilisers are created from leftover agricultural materials, hazardous waste, municipal silt, or animal manure. These fertilisers help the soil retain more water, encourage the growth of microorganisms, and enhance the physical and chemical characteristics of the soil.

Fertilizer market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

Both organic and synthetic fertilisers supply one or more of the nutrients needed by plants for growth when applied to soil or plant cells. Over the course of the projection period, demand for fertiliser is anticipated to rise due to the expansion of the market for enhanced soil nutrients and higher crop yields. Farmers are anticipated to be encouraged to utilise fertilisers more effectively and safely as organic fertiliser penetration increases.

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Global Fertilizer Market: Segmentations

Global Fertilizer Market: By Key Players
Yara
Mosaic
Nutrien
Eurochem
Nutrien

Global Fertilizer Market: By Types
Nitrogen
Phosphate

Global Fertilizer Market: By Applications
Agriculture
Forestry

Global Fertilizer Market: Regional Analysis
The countries covered in the regional analysis of the Global Fertilizer market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Market Drivers:

Food demand is anticipated to increase significantly during the following five years, driven by the nation's population expansion. On the other hand, it is anticipated that the amount of arable land will decrease as urbanisation levels rise. We anticipate that fertilisers will be crucial in raising the typical crop yields per hectare. India continues to have a very lopsided fertiliser consumption pattern despite considerable historical growth. There are currently a few Indian states where the penetration of fertilisers is still very low. There is a tonne of room for expansion in the future. Many government and non-government awareness programmes are anticipated to inform farmers about the advantages of fertilisers.

Organic fertilisers are manufactured from naturally occurring plant scraps and trash, microbes, animal compost and excretions, and herbal extracts to restore agricultural efficiency. These fertilisers have a long shelf life, improve soil structure, and increase soil's ability to retain nutrients and water. The organic fertilisers don't include any artificial components. As a result, during the course of the projected period, the global fertiliser market will expand and develop due to the spike in demand for organic fertilisers.

KEY BENEFITS FOR STAKEHOLDERS

1. Porter's five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global fertilizer market growth for strategy building.
2. A comprehensive global fertilizer market analysis covers factors that drive and restrain the market growth.
3. The report provides an in-depth analysis of the global fertilizer market trends along with the current and future market forecast.
4. This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
5. The qualitative data in this report aims on market dynamics, trends, and developments.

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