Global Fertilizer Market - Share, Growth, Trends, and Forecast (2019 - 2024)

The Fertilizer Market report elucidates various drivers and restraints in the market, along with the industry and regional analysis, and provides the market value, growth, and forecast, based on segmentation by Type, Crop, and Geography. A detailed geographical analysis covering more than 15 countries is also included.

Market Snapshot

fertilizers market
Study Period:

2019-2024

Base Year:

2018

Fastest Growing Market:

Africa

Largest Market:

Asia Pacific

Key Players:

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Fertilizer Market

The fertilizer market is expected to value at USD 155.8 billion in 2019, and it is expected to register a CAGR of 3.8%, during the forecast period (2019-2024). In 2018, Asia-Pacific was the largest geographical segment of the market studied and accounted for a share of around 60% of the overall market. The fertilizer industry was heavily challenged in 2016. It was confronted with uneven global nutrient demand, soft economic prospects, depressed crop prices, rising market competition, and volatile energy prices. This combination created high uncertainty in the fertilizer market throughout the year.

Since 2012, a sustained downturn in the world consumption of fertilizer market, coupled with decreasing crop prices, mainly in the United States and Asia - Pacific, has made it difficult to maintain consistent growth. The major technological innovations in the industry, along with growing demand for bio-based and micronutrient fertilizers, are expected to drive the market. However, regulatory and environmental constraints and high production cost are likely to act as drawbacks in the industry.

 

Scope of the Report

The International Fertilizer Association defines a fertilizer as “any solid, liquid, or gaseous substance containing one or more plant nutrient in a known amount, that is applied to soil, directly on plants, or added aqueous solutions (as in fertigation) to maintain soil fertility, improve crop development, yield, and/or crop quality.” The technology progress around the world, which works with modern environmental issues, attracts attention to agriculture and makes the domain of fertilizers technology the cornerstone for industrial development.

Type
Nitrogenous
Urea
Calcium Ammonium Nitrate (CAN)
Ammonium Nitrate
Ammonium Sulfate
Ammonia
Other Nitrogenous Fertilizers
Phosphatic
Mono-Ammonium Phosphate (MAP)
Di-Ammonium Phosphate (DAP)
Triple Superphosphate (TSP)
Other Phosphatic Fertilizers
Potassic
Micronutrients
Other Types
Application
Grains and Cereals
Pulses and Oil Seeds
Fruits and Vegetables
Commercial Crops
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia - Pacific
China
Japan
India
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Growing Demand for Micronutrient Fertilizers

Micronutrients are essential for the optimum growth of plants. During 2013, nearly 50% of the cultivated land area, worldwide, contained a low concentration of zinc. It was expected by 2018 that this deficiency would reach 65%. Field trials proved that the application of micronutrient fertilizers increased crop yield from 8% to 20%, annually.

Yara International is the market leader, in terms of market share, in micronutrient fertilizers. The company plans to make further investments and is investing around USD 330 million in Brazil. It closed its manufacturing facilities in France, due to both strategic and economic considerations. Large companies are focusing on R&D, product launches, and aggressive acquisition strategy. In the past few years, Valagro has been the most active player, in terms of strategic development, in the micronutrient market

.

fertilizers market

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Asia - Pacific Dominates the Global Market

Asia - Pacific accounts for 60% of the fertilizer market. South Asia and East Asia are the major fertilizer consumers in Asia. In 2015, Asia’s share of global nitrogen consumption was 60%, with China representing approximately half of the said consumption. In Asia, rice is a big nitrogen-consuming crop. Owing to the growing concern over the current pattern of fertilizer use, with heavy reliance on nitrogenous fertilizer, coupled with poor nutrition management, lack of complementary inputs, declining soil fertility, and weak marketing and distribution systems, have all emerged as major restraints to improve fertilizer effectiveness in the region. These concerns have given way to biofertilizers and micronutrient fertilizers to grow and fuel the fertilizers market in the region. 

fertilizers market

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Competitive Landscape

The fertilizer market is fragmented, and the top ten players constitute a smaller share, while the other fertilizer companies constitute for the larger part of the market share, based on overall fertilizer market revenue in 2018. The company’s largest investment has been in the product launch segment, in which, the company introduced as many as 11 new products to the market, in different regions, such as Africa and Latin America, in 2017. The development of regional markets and local players in different parts of the world are the major factors for the fragmented nature of the market. 

Major Players

  1. The Mosaic Company
  2. Yara International
  3. Israel Chemicals Limited
  4. Nutrien Limited
  5. CF Industries

* Complete list of players covered available in the table of contents below

fertilizers market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overveiw

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Nitrogenous

        1. 5.1.1.1 Urea

        2. 5.1.1.2 Calcium Ammonium Nitrate (CAN)

        3. 5.1.1.3 Ammonium Nitrate

        4. 5.1.1.4 Ammonium Sulfate

        5. 5.1.1.5 Ammonia

        6. 5.1.1.6 Other Nitrogenous Fertilizers

      2. 5.1.2 Phosphatic

        1. 5.1.2.1 Mono-Ammonium Phosphate (MAP)

        2. 5.1.2.2 Di-Ammonium Phosphate (DAP)

        3. 5.1.2.3 Triple Superphosphate (TSP)

        4. 5.1.2.4 Other Phosphatic Fertilizers

      3. 5.1.3 Potassic

      4. 5.1.4 Micronutrients

      5. 5.1.5 Other Types

    2. 5.2 Application

      1. 5.2.1 Grains and Cereals

      2. 5.2.2 Pulses and Oil Seeds

      3. 5.2.3 Fruits and Vegetables

      4. 5.2.4 Commercial Crops

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia - Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Nutrien Limited

      2. 6.3.2 Yara International

      3. 6.3.3 The Mosaic Company

      4. 6.3.4 CF Industries

      5. 6.3.5 Bunge Limited

      6. 6.3.6 Syngenta AG

      7. 6.3.7 Israel Chemicals Ltd

      8. 6.3.8 Sumitomo Chemical Co. Ltd

      9. 6.3.9 Indian Farmers Fertilizer Cooperative Limited

      10. 6.3.10 Haifa Group

      11. 6.3.11 SQM

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

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