Fertilizer Industry Growth and Outlook 2022-2030: Market Research Reveals Key Trends
Fertilizer
Industry | Forecast 2030
Fertilizer Industry Data Book - Nitrogenous, Potassic,
Phosphatic, Foliar, Water-soluble & Biofertilizers, And Fertilizer
Additives Market
The economic value generated by the fertilizer industry was
estimated at approximately USD 200 billion in 2021. This economic output is an
amalgamation of businesses that are involved in the manufacturing of
fertilizers & their additives, distribution & supply, and application
of fertilizers. With changing dietary habits and an increase in global income
levels in tandem with population growth, the world’s food demand is projected
to increase by 59%, by 2050, from the current levels.
Fertilizer Industry Data Book Coverage Snapshot
|
Markets Covered |
||
|
Fertilizers Market 201.3 Million Tons in 2021, CAGR (2022-30) – 1.2% |
||
|
Nitrogenous Fertilizers
Market Size 113.3 Million Tons in 2021, CAGR (2022-30) – 1.2% |
Potassic Fertilizers
Market Size 39.7 Million Tons in 2021, CAGR (2022-30) – 1.6% |
Phosphatic Fertilizers
Market Size 48.8 Million Tons in 2021, CAGR (2022-30) – 1.5% |
|
Foliar Fertilizers
Market Size 8.01 Million Tons in 2021, CAGR (2022-30) – 2.8% |
Biofertilizers Market
Size 1.4 Million Tons in 2021, CAGR (2022-30) – 6.0% |
Water-soluble
Fertilizers Market Size 7.1 Million Tons in 2021, CAGR (2022-30) – 6.5% |
|
|
Fertilizers Additives
Market 8.01 Million Tons in 2021, CAGR (2022-30) – 2.8% |
|
Access
the Global Fertilizer Industry Data Book, 2022 to 2030, compiled with details like market sizing
information & forecasts, trade data, pricing intelligence, competitive
benchmarking, macro-environmental analyses, and regulatory & technological
framework studies
Biofertilizers Market
Growth & Trends
The global biofertilizers market size is projected to reach
USD 3.9 billion by 2030, registering a CAGR of 12.8% from 2023 to 2030,
according to a new report by Grand View Research, Inc. Rising demand for
organically produced food products across emerging economies backed with growing
economic stability is the key boost to the marketspace.
Organic food products are naturally-derived without
utilizing any food additives or synthetic chemicals. Key contributors to the
organic food market include organically produced meat and dairy products,
organically cultivated fruits and vegetables, and naturally-derived beverages,
which include both alcoholic as well as non-alcoholic beverages. Growing
consumer preference for healthy eating habits globally coupled with rising
disposable income levels of individuals in the emerging economies of Asia
Pacific, including Indonesia, Japan, India, and Thailand, is projected to boost
the demand for organic food and beverage products in the region.
Order
your copy of the Free Sample
of “Fertilizer Industry Data Book - Nitrogenous, Potassic, Phosphatic, Foliar,
Water-soluble & Biofertilizers, And Fertilizer Additives Market Size,
Share, Trends Analysis And Segment Forecasts, 2022 - 2030” Data Book, published
by Grand View Research
Fertilizer Additive
Market Growth & Trends
The global fertilizer additives market size is projected to
reach USD 4.01 billion by 2025, according to a new report by Grand View
Research, Inc. Decreasing per capita arable land and rising population density
has resulted in increased demand for fertilizers in the agriculture sector,
which in turn has boosted the growth.
The growing fertilizers industry and limited availability of
farmland are the key drivers for the global market. However, harmful effects of
fertilizers on environment along with lack of awareness & availability of
the product in underdeveloped economies is expected to have a negative impact
on the industry.
The Asia Pacific was the largest fertilizer additive market
in 2018 and accounted for 53.1% of the volume share. The robust growth of the
agriculture sector in this region is one of the main factor driving the
industry. In countries like India and China, the population explosion has
significantly impacted the agriculture sector.
China is one of the developed countries in the Asia Pacific
region with a constantly growing agricultural sector and advancements in terms
of innovations and new technology development. Due to the population explosion,
the amount of arable land in China has reduced severely over the past two
decades. This factor has increased the demand for fertilizers, resulting in the
growth of the additives market.
Go through the table
of content of Fertilizer Industry Data Book to get a better
understanding of the Coverage & Scope of the study
Nitrogenous
Fertilizer Market Growth & Trends
The global nitrogenous fertilizer market size is estimated
to reach USD 94.02 billion by 2030 according to a new report by Grand View
Research, Inc. Growth can be attributed to the increasing awareness amongst
farmers regarding maintaining nutritional balance in the soil. Increasing
population across the globe has generated the need to improve the annual crop
yield to feed the population, which has boosted the agriculture sector across
the globe. Hydrogen and nitrogen are the major raw materials used for
manufacturing nitrogenous fertilizers. Nitrogen is required in large quantities
by plants and is the primary nutrient in fertilizers. Hydrogen is a crucial
component of ammonia, which is an important ingredient in numerous fertilizers.
Nearly all commercial-scale ammonia incorporates nitrogen and hydrogen. Raw
material Availability impacts nitrogenous fertilizer prices and production.
Key manufacturers are investing profoundly in R&D
activities for launching new products and broadening their product portfolios.
Major players in the market are increasing the reach of their products to a
larger consumer base by setting up retail outlets at strategic locations in
various countries to support farming communities in the respective localities.
The Asia Pacific is expected to register significant growth in the coming years
owing to the presence of numerous agrarian economies such as China, India,
Indonesia, and others in the region. India and China are expected to lead the
nitrogenous fertilizer market over the forecast period.
Competitive Insights
Fertilizer markets across the globe returned to making
profits in Q2 2022. This is followed by a supply squeeze of essential crop
nutrients in the wake of the Russian invasion of Ukraine. Sanctions on Belarus
and Russia, which are amongst the top producers of potash behind Canada, a key
nutrient of potassium fertilizers, led to an increase in the mineral’s prices
to levels registered back during the 2008 food crisis. The sanctions left a 35%
void in the global output of potash.
Prices of potash were already on the rise last year due to
sanctions on Belarusian state-owned company Belaruskali, in response to
President Lukashenko’s crackdown on political opponents. But Russia’s invasion
of Ukraine and subsequent sanctions exasperated the trend since Russia is also
a leading producer & supplier of nitrogen, phosphate, urea, and ammonia to
the world. These chemicals are other major ingredients in various fertilizer
formulations. The rise in prices would benefit the operating margins of top
fertilizers manufacturers such as Nutrien, Mosaic Co., CF Industries in the
short to medium term.
Check
out more Industry Data Books, published by Grand View Research
About
Grand View Research
Grand
View Research, U.S.-based market research and consulting company, provides
syndicated as well as customized research reports and consulting services.
Registered in California and headquartered in San Francisco, the company
comprises over 425 analysts and consultants, adding more than 1200 market
research reports to its vast database each year. These reports offer in-depth
analysis on 46 industries across 25 major countries worldwide. With the help of
an interactive market intelligence platform, Grand View Research helps Fortune
500 companies and renowned academic institutes understand the global and
regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry
James
Corporate
Sales Specialist, USA
Grand
View Research, Inc.
Phone:
1-415-349-0058
Toll
Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
Web:
https://www.grandviewresearch.com/sector-reports-list
Comments
Post a Comment