The Global Chemical Fertilizers Market Report by The Business Research Company covers chemical fertilizers market drivers and restraints, chemical fertilizers market size, major players, and the impact of COVID-19 on the chemical fertilizers market.
The chemical fertilizers market consists of the sales of fertilizers by entities (organizations, sole traders or partnerships) that produce nitrogenous or phosphatic fertilizer materials, produce fertilizers from sewage or animal waste, manufacture nitrogenous or phosphatic materials and mix with other ingredients into fertilizers, and/or mix ingredients made elsewhere into fertilizers. The chemical fertilizers market is segmented into nitrogen fertilizer, phosphate fertilizer and potash fertilizer.
Intensive farming is an agricultural intensification and mechanization system that aims to maximize yields from available land through various means, such as heavy use of pesticides and chemical fertilizers. These techniques help to meet the rising demand for food of the growing population and help to prevent food shortages.
The global chemical fertilizers market is expected to grow from $127.57 billion in 2020 to $137.99 billion in 2021 at a compound annual growth rate (CAGR) of 8.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $150.64 billion in 2025 at a CAGR of 2%.
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Some chemical fertilizers market trends include phosphorus being recovered from sewage, manure and other sources and made available as a fertilizer. Since phosphorus is a finite source, companies are looking for ways to recycle or recapture phosphorus to be used in agriculture.
Global chemical fertilizers market segments include:
1) By Type: Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer.
2) By Crop Category: Cereals, Oilseeds, Vegetables, Fruits, Others.
3) By Method of Application: Broadcasting, Drop Spreading, Fertigation, Foliar Spray.
4) By Form: Solid, Liquid, Gaseous.
5) By Product Type: Complex Fertilizers, DAP, MOP, Urea, SSP, Other.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global chemical fertilizers market, accounting for 41% of the market.
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The Chemical Fertilizers Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides chemical fertilizers market overviews, analyzes and forecasts market size, share, chemical fertilizers market players, chemical fertilizers market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The chemical fertilizers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Chemical Fertilizers Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Nutrien Ltd., Yara International, The Mosaic Company, CF Industries Holdings Inc., Israel Chemicals Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Chemical Fertilizers Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Chemical Fertilizers Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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