Market Trends of north america specialty fertilizer Industry
Financial support by the government, such as subsidies, has contributed to the expansion of field crops
- A wide array of crops are grown on North American farms, mainly covering field crops. Corn, cotton, rice, soybean, and wheat are some of the dominating field crops across the region. The United States, Canada, and Mexico are major contributors to the region's agricultural output. In 2022, field crops covered around 97.6% of the overall cultivation in North America, with cereals and oilseeds dominating the market.
- By country, the United States dominates the market, covering 135.7 million hectares of the overall area under crop cultivation during the study period. Field crops and horticulture covered the majority of the area and accounted for shares of 97.2% and 2.8% in 2022. However, between 2018 and 2019, the country witnessed a significant dip in crop acreages majorly due to unfavorable environmental conditions resulting in heavy floods in areas like Texas and Houston.
- The largest crop cultivated is corn, the majority of which is grown in a region known as the 'Corn Belt,' It is a traditional area in the midwestern United States, roughly covering western Indiana, Illinois, Iowa, Missouri, eastern Nebraska, and eastern Kansas, in which corn (maize) and soybeans are the dominant crops. Also, it is the major rice exporter, and rice cultivation in the region is mainly concentrated within four regions, with three in the South and one in California. The increased market potential for the region's field crops, coupled with increased government funding and protection, is anticipated to positively drive the area under field crop cultivation in the region.
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Among all the primary nutrients, nitrogen is applied in a higher quantity to field crops, which is equivalent to 229.8 kg/hectare
- Field crops, such as rice, corn/maize, wheat, and rapeseed/canola, are some of the major primary nutrient-consuming crops in the region. In 2022, about 140.85 kg/hectare of primary nutrients were consumed by rice, followed by 118.40 kg/hectare consumed by rapeseed/canola. Cereals are anticipated to consume the maximum amount of nitrogen-based fertilizers. As they are grown intensively in the region, they deplete the nutrients in the soil and require more fertilizers to supplement growth.
- Among all the primary nutrients, nitrogen is applied in a higher quantity, accounting for about 74.0% in 2022, equivalent to 229.8 kg/hectare for field crops. Nitrogen deficiency, however, is one of the most prevalent crop nutrient problems in the region. Hence, most of the nitrogen supplement is provided through soil application. When applied to the soil, nitrogen is converted to mineral nitrate for the plants to absorb easily. Rapeseed, the major nitrogen-consuming crop, is widely grown in the United States.
- Rapeseed is used for extracting oil for industrial applications, like lubricants, hydraulic fluids, and plastics. While fertilizer usage is based on soil quality and rainfall potential, its nitrogen requirements range from 100 to 150 lbs./acre. Phosphorus and potassium fertility rates also vary from soil to soil. However, the recommended rates range from 0 to 80 lbs./acre and 0 to 140 lbs./acre, as per the AgMRC.
- Since primary nutrients are the major sources of nutrients for various crops, their application rates are anticipated to grow significantly over the years due to soil depletion, leaching, etc.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Agriculture extension services provided by the government to farmers are expected to drive the cultivation area under horticultural crops
- Micronutrient consumption is higher in cabbages
- Cabbage, tomato, and cauliflower are among the major nitrogen-consuming crops in North American countries
- Magnesium and sulfur are the major secondary macronutrients consumed by vegetable crops
- Increasing micronutrient deficiencies and crop losses are increasing the micronutrient application rates
- Among all the primary nutrients, nitrogen is applied in a higher quantity to field crops, which is equivalent to 229.8 kg/hectare
- Calcium is the most important nutrient required by crops as it helps strengthen cell walls and reduce bruising and diseases in field crops
- Government policies and financial support are increasing the irrigation area in the region
