2019 Fertilizer Market Outlook by Market Size, Business Plans | Growth Rate by Top Key Players and Regions Forecast to 2024

Press Release

Fertilizer

This “Fertilizer Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Fertilizer market can use for expanding their business in untapped market to increase their customer base.

Request a Sample Copy of the Report – https://www.industryresearch.co/enquiry/request-sample/13999494

Market Overview:

  • The global fertilizer market is expected to value at USD 155.8 billion in 2019, and it is expected to register a CAGR of 3.8% during the forecast period (2019-2024). In 2018, Asia-Pacific was the largest geographical segment of the market studied and accounted for a share of around 60% of the overall market. The fertilizer industry was heavily challenged in 2016. It was confronted with uneven global nutrient demand, soft economic prospects, depressed crop prices, rising market competition, and volatile energy prices. This combination created high uncertainty in the fertilizer market throughout the year.
  • Since 2012, a sustained downturn in the world consumption of fertilizer market, coupled with decreasing crop prices, mainly in the United States and Asia-Pacific, has made it difficult to maintain consistent growth. The major technological innovations in the industry, along with growing demand for bio-based and micronutrient fertilizers, are expected to drive the market. However, regulatory and environmental constraints and high production cost are likely to act as drawbacks in the industry.

    Fertilizer Market Covers Manufacturers:

  • Nutrien Limited
  • Yara International
  • The Mosaic Company
  • CF Industries
  • Bunge Limited
  • Syngenta AG
  • Israel Chemicals Ltd
  • Sumitomo Chemical Co. Ltd
  • Indian Farmers Fertilizer Cooperative Limited
  • Haifa Group
  • SQM

    Scope of the Report:

  • The International Fertilizer Association defines a fertilizer as “any solid, liquid, or gaseous substance containing one or more plant nutrient in a known amount, that is applied to soil, directly on plants, or added aqueous solutions (as in fertigation) to maintain soil fertility, improve crop development, yield, and/or crop quality.†The technology progress around the world, which works with modern environmental issues, attracts attention to agriculture and makes the domain of fertilizers technology the cornerstone for industrial development.

    For More Information or Query or Customization Before Buying, Visit at @ https://www.industryresearch.co/enquiry/pre-order-enquiry/13999494

    Key Market Trends:

    Growing Demand for Micronutrient Fertilizers

    Micronutrients are essential for the optimum growth of plants. During 2013, nearly 50% of the cultivated land area worldwide of contained a low concentration of zinc. It was expected by 2018 that this deficiency would reach 65%. Field trials proved that the application of micronutrient fertilizers increased crop yield from 8% to 20% annually.

    Yara International is the market leader, in terms of market share, in micronutrient fertilizers. The company plans to make further investments and is investing around USD 330 million in Brazil. It closed its manufacturing facilities in France, due to both strategic and economic considerations. Large companies are focusing on R&D, product launches, and aggressive acquisition strategy. In the past few years, Valagro has been the most active player, in terms of strategic development, in the global micronutrient market.

    Asia-Pacific Dominates the Global Market

    Asia-Pacific accounts for 60% of the global fertilizer market. South Asia and East Asia are the major fertilizer consumers in Asia. In 2015, Asia’s share of global nitrogen consumption was 60%, with China representing approximately half of the said consumption. In Asia, rice is a big nitrogen-consuming crop. Owing to the growing concern over the current pattern of fertilizer use, with heavy reliance on nitrogenous fertilizer, coupled with poor nutrition management, lack of complementary inputs, declining soil fertility, and weak marketing and distribution systems, have all emerged as major restraints to improve fertilizer effectiveness in the region. These concerns have given way to biofertilizers and micronutrient fertilizers to grow and fuel the fertilizers market in the region.

    Purchase this Report (Price 4250 USD for single user license) https://www.industryresearch.co/purchase/13999494

    Target Audience of Fertilizer Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Fertilizer Market Report:

    • Analyzing various perspectives of the Fertilizer market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Fertilizer market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Fertilizer market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Fertilizer market studied, during the forecast period
    • The segments that are expected to dominate the Fertilizer market studied.

    For Detailed TOC Click Here

    About Industry Research:

    Industry Research is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in-depth market research. We are one of the top report resellers in the market, dedicated to bringing you an ingenious concoction of data parameters.

    Contact Us:

    Name: Ajay More

    Phone: US +14242530807/ UK +44 20 3239 8187

    Email: [email protected]