2019 Fertilizer Market Outlook by Market Size, Business Plans | Growth Rate by Top Key Players and Regions Forecast to 2024
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.
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Fertilizer Market Covers Manufacturers:
Scope of the Report:
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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.
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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.
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