Global Chemical Fertilizers Market Overview And Prospects
Learn about the global chemical fertilizers market through The Business Research Company, which provides information on chemical fertilizers market size, chemical fertilizers market drivers and restraints, chemical fertilizers market players, the COVID-19 impact on the chemical fertilizers market, and more.
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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%.
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. Some intensive farming techniques, such as monoculture, drive the demand for fertilizers.
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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.
Global Chemical Fertilizers Market Segments Include:
By Type: Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer
By Crop Category: Cereals, Oilseeds, Vegetables, Fruits, Others
By Method Of Application: Broadcasting, Drop Spreading, Fertigation, Foilar Spray
By Form: Solid, Liquid, Gaseous
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 was the largest region in the global chemical fertilizers market, accounting for 41% of the market in 2020.
Phosphorus is 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. Plant-available phosphorus content is increased through anaerobic digestion and composting and in sludge from sewage through acid treatment and oxidizing.
TBRC’s chemical fertilizers market report covers:
Major Market Players: 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)
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, analyses and forecasts market size, share, chemical fertilizers market players, chemical fertilizers market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s 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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