The global fertilizer market size was US$ 184.60 billion in 2021. The global fertilizer market size is forecast to reach US$ 251.57 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.55% during the forecast period from 2022 to 2030.
Whether synthetic or natural, fertilizers are applied to soil or plant tissue to improve crop performance by providing nutrients for plant growth. Nitrogen-based fertilizers, for example, contain nitrogen, which is a main component of chlorophyll, a pigment that aids in plant photosynthesis. Because phosphorus is contained in cell protoplasm, which promotes cell development and proliferation, phosphorus fertilizers are good to plant roots. On the other hand, organic fertilizers are made from farm waste, hazardous pollutants, municipal silt, or animal manure. These fertilizers improve soil's physical and chemical qualities while increasing soil water retention capacity and promoting microorganism growth.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the spread of the deadly virus. This led closure of various manufacturing companies owing to a lack of labor and fewer raw materials. In addition, lockdown and closure of borders led to a delay in the supply of fertilizers.
Regional Analysis
The Asia Pacific region held dominance in the market in 2021 and is forecast to have lucrative growth during the forecast period. As a result of the rising agricultural techniques and the need for high-quality agricultural produce. In addition, the major crops grown in the Asia Pacific are rice, sugar beet, fruits and vegetables, cereals, and grains. Additionally, the region is the major consumer of 90% of the world's rice production. Thus, these factors are likely to boost the market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global fertilizers market are:
Scope of the Report
The global fertilizers market segmentation focuses on Application, Type, Form, and Region.
Segmentation based on Application
Segmentation based on Type
Segmentation based on Form
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL FERTILIZER MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL FERTILIZER MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL FERTILIZER MARKET, BY APPLICATION
5.1 OVERVIEW
5.2 AGRICULTURE
5.3 HORTICULTURE
5.4 GARDENING
5.5 OTHERS
6 GLOBAL FERTILIZER MARKET, BY TYPE
6.1 OVERVIEW
6.2 ORGANIC
6.3 INORGANIC
7 GLOBAL FERTILIZER MARKET, BY FORM
7.1 OVERVIEW
7.2 DRY
7.3 LIQUID
8 GLOBAL FERTILIZER MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL FERTILIZER MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
10 COMPANY PROFILES
10.1 YARA INTERNATIONAL
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.2 NUTRIEN LIMITED
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.3 THE MOSAIC COMPANY
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.4 HAIFA GROUP
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.5 SYNGENTA AG
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.6 ICL GROUP LIMITED
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.7 EUROCHEM GROUP
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.8 OCP GROUP S.A.
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.9 K+S AKTIENGESELLSCHAFT
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.10 URALKALI
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
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