Market Trends of united states fertilizers Industry
The limited farmland indicates the need to enhance agricultural productivity by employing agri-inputs
- In the United States, the population increased from 335.9 million in 2020 to 338.2 million in 2022. From 2000, the total farmland area decreased by almost 50 million acres, reaching a total of 893.4 million acres as of 2022. The limited farmland indicates the need to increase agricultural productivity with the use of agri inputs. Fertilizers have been used for a long time to increase the productivity of crops. The four major crops in the United States are corn, cotton, soybean, and wheat, which account for more than 65.7% of the principal crop acreage in 2022.
- Soybean and corn are the two largest crops grown in the United States. In 2022, soybeans had the highest area under cultivation, accounting for 25.8% of the total arable land in the United States, followed by corn at 25.7% and wheat at 11.1%. The majority of these crops are grown in a region known as the "Corn Belt," which covers western Indiana, Illinois, Iowa, Missouri, eastern Nebraska, and eastern Kansas. The production of corn (maize) and soybeans dominates this area. Additionally, the United States is a major exporter of rice, with most of the cultivation happening in four regions, three of which are in the South and one in California, according to the USDA.
- Manufacturers of farm inputs are developing innovative products to assist farmers with the precise application of fertilizers. This helps farmers reduce the cost of cultivation while increasing efficiency. The country's field crops have immense market potential, and with increased government funding and support, they are expected to drive positive growth in crop cultivation in this area.
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Nitrogen deficiency is one of the most prevalent crop nutrient problems across cropping areas in the United States
- The average application rate of primary nutrients (nitrogen, potassium, and phosphorus) in the country's field crops industry stands at approximately 166.61 kg/hectare. Nitrogen constitutes 45.93%, potassium accounts for 28.11%, and phosphorus makes up 25.96% of the total primary nutrient application in field crops.
- In field crops, rapeseed/ canola was applied with an average primary nutrient application rate of 284.92 kg/hectare, which is the highest in field crops. In primary nutrients, nitrogen occupies first place with an average application rate of 229.60 kg/hectare. This is because nitrogen is required in large amounts for plant metabolism, and it is a major component of chlorophyll and amino acids.
- In the United States, corn/maize stands as the second-largest field crop, with an average primary nutrient application rate of 245.40 kg/hectare, followed by rapeseed/canola. Corn production constitutes approximately 31.44% of the country's total field crop output. Specifically, corn requires about 50.06% of nitrogen, 23.77% of phosphorus, and 26.17% of potash, making up the lion's share of the total nutrient application.
- Primary nutrients play a pivotal role in enhancing plant enzyme function, bolstering plant cell growth, and facilitating crucial biochemical processes. Any deficiency in these primary nutrients can significantly impact plant health, stunting growth and hampering crop yields. In response, the application of primary nutrients in field crops is expected to rise, driven by the need to meet escalating productivity demands.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Unfavorable climate conditions, such as extreme heat and dry weather, reduced the production of several key crops
- Copper and boron applications have resulted in higher crop yield
- Secondary micronutrient deficiencies are predominant in intensive corn production systems across the United States
- Expanding irrigation areas under major crops like corn and soybeans may drive irrigation agriculture in the country
- Micronutrients are pivotal in equipping crops to combat both biotic and abiotic stresses
- In 2022, nitrogen accounted was the most consumed by vegetable crops, followed by potassium and phosphorus
- Magnesium and sulfur are the major secondary macronutrients consumed by vegetable crops
