Fertilizer Market By Type (Organic, Inorganic), By Form (Dry, Liquid), By Application (Agriculture, Horticulture, Gardening, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
The global fertilizer market size was valued at $184.6 billion in 2021 and is projected to reach $251.57 billion by 2030, growing at a CAGR of 3.55% from 2022 to 2030.
Around the world, several governments and non-governmental organizations are raising awareness about fertilizer use and its positive impact on agricultural output. Fertilizer promotion via radio, television, and rural centers is expected to benefit the fertilizer market. Furthermore, rising rural incomes, as well as the ease and speed with which credit can be obtained, are expected to increase revenue generation.
The world's population is rapidly growing. Food demand is increasing as the population grows. Food supply has become a threat to this growing population. Arable land, on the other hand, is diminishing as a result of industrialization and urbanization. According to the FAO's 'The Resource Outlook to 2050,' crop production currently occupies more than 1.50 billion hectares of the world's land surface (about 12%). There is little room for further agricultural land expansion. According to several reports, the global per capita arable land area will fall to 0.18 ha by 2050, compared to 0.15 ha in developing countries and 0.42 ha in developed countries. Furthermore, the global population is expected to reach 7.4 billion in 2016.
A lack of understanding about fertilizer use is harming both soil and human health. Farmers prefer to overuse fertilizers in order to increase yield, which is detrimental to the environment. The absence of personal safety kits for handling and applying fertilizers is hazardous to human health.
The global fertilizer market analysis is segmented on the basis of type, application, and region. By type, market has been divided into organic and inorganic. By form, the analysis has been divided into dry and liquid. By application, the market is further divided into agriculture, horticulture, gardening, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Yara International, Nutrien Ltd., The Mosaic Company, Haifa Group, Syngenta AG, ICL Group Ltd., EuroChem Group, OCP Group S.A., K+S Aktiengesellschaft, and Uralkali.
KEY MARKET SEGMENTS
By Type
Organic
Inorganic
By form
Solid
Liquid
By Application
Agriculture
Horticulture
Gardening
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
Yara International
Nutrien Ltd.
The Mosaic Company
Haifa Group
Syngenta AG
ICL Group Ltd.
EuroChem Group
OCP Group S.A.
K+S Aktiengesellschaft
Uralkali
Key Market Segments
By Application
Agriculture
Horticulture
Gardening
Others
By Type
Organic
Inorganic
By Form
Dry
Liquid
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
India
Indonesia
Pakistan
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Egypt
Argentina
South Africa
Rest of LAMEA
Key Market Players
Nutrien
Yara International
Mosaic Company
eurochem
Israel Chemicals Limited
cf industries
OCP
PhosAgro
OCI
Uralkali
K+S
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