Israel Fertilizer Market, By Origin (Organic, Synthetic, Bio-fertilizer), By Form (Solid v/s Liquid), By Mode of Application (Foliar Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method, Others), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Other), By Source (Domestic v/s Import), By Region, Competition Forecast and Opportunities, 2027
The Israel fertilizer market is expected to grow at an impressive rate in the next five years. Fertilizers are the compounds used to supply one or more nutrients to plants necessary for growth. Fertilizers are obtained from natural or organic material, human manure, and synthetic material such as compost, animal manure, harvested mineral, etc. Fertilizer helps the plant grow at full scale to provide desired food by supplying and retaining nutrients. Nitrogen, phosphorus, potassium, calcium, urease, and ammonia oxidant are various elements fertilizers provide to plants. The rapidly growing population led to an increase in the demand for food worldwide. Now, Traders are selling surplus products outside the country due to globalization and technological advancement. Export helps the country boost its economy and strengthen its foreign currency. As per the report published by Statista in 2022, The global demand for the fertilizer market is expected to surpass 240 billion USD in 2030 to fulfill market demand. Thus, the increasing trend of fertilizer worldwide is expected to influence the regional fertilizer market in Israel.
Furthermore, global demand for high-quality cereals, favorable government policies, increasing population, and social and government initiatives are other factors that are expected to influence the growth of the market through 2027 positively.
Growing Demand for Foods Led Need for More Fertilizer Products
The scarcity of food is a big issue for people and governments around the world. As per UNICEF, almost 8 million children under five years are on the verge of dying if a proper diet is not provided. Israel could reach that market to target those people as the country has surplus food production. Israel has developed a process to convert salt water into fresh water. Hence, Israel had the opportunity to extend the arable land, which increased the demand for fertilizer.
According to the world bank report in 2022, the arable land of Israel has grown up to the 28% by 2018 and more than 4% in the past two years. Fertilizer consumption in the Israel region was 240 kilograms per hectare in 2018. Growing more crops and high-quality food from the same land is difficult without providing soil nutrients. Due to intensive farming on the same landmass, fields have become less fertile, and the need for fertilizer will be increased to enhance soil health as the fertilizer product can enhance the mineral capacity of the area and make the appropriate situation to grow crops containing the desired nutrient. So, to fulfill the demand of people of the country and the world, farmers need fertilizer, and this situation can make the market share of the fertilizer market robust.
Israel's government has or is planning to take many steps to expand the agriculture sector and encourage people to do farming. The government's focal point in the agricultural area is to grow crops that are more profitable in terms of revenue. Farmers are provided training, coaching, and professional support to increase their productivity. Apart from these, growing R&D, Efforts of market players, collaboration, and an innovative environment are the factor responsible for the growth of agriculture in the upcoming year. These policies led to increasing demand for fertilizer in the market. All the factors mentioned above are expected to drive the growth of the Fertilizer Market.
Supply Chain Disturbance is Declining the Potential Agricultural Activities
Israel has signed an MOU with the Indian company (IPL) to supply minerals and fertilizers for five years. This helps Israel to continue the supply of fertilizers as they decline to rely only on a single country for things. These steps are taken to create a new supply chain as the world supply chain is hit due to war in the northern area. Israel's dependency on countries for fertilizers is restraining the development of the fertilizer market in the region. Additionally, the limited water quota for agriculture and the fluctuation of raw materials prices are other hurdles for the market.
Technological Advancement to Grow Plantation Encourage the Growth
Climate change and increasing population are significant problems for every sector but directly impact agriculture. To solve this issue, companies, social organizations, and the government is spending more on R&D. These steps result in quite an impressive crop production due to substantial goodwill to support agriculture in the region. Such as the government agricultural research organization set up R&D in the volcani center. This setup has developed the method or process to grow plantations in the desert. Such technology is helping the farmer to extend their farmland and impact the growth of the Israel fertilizer market.
Market Segmentation
Israel fertilizer market is segmented based on origin, form, mode of application, crop type, and source. Based on origin, the market is divided into organic, synthetic, and bio-fertilizer. Based on form, the market is spilt into solid, and liquid. Based on the mode of application, the market is divided into foliar spraying, fertigation, sowing, broadcasting, spraying, drip method, and others. Based on crop type, the market is divided into grains & cereals, pulses & oilseeds, commercial crops, fruits & vegetables, and others. Based on technology, the market is segmented into domestic, and import.
Market Players
Green Life Energy Company Group, Israel Chemicals Limited, Grow Group Israel Limited, Haifa Negev Technologies Limited, and Israway Trading Company are the major market player in the fertilizer market.
Report Scope:
in this report, Israel fertilizer market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
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