Global Chemical Fertilizers Market Trends And Strategies Of Major Players In The Chemical Fertilizers Market 2021-2030
3 Mar, 2021
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.
Global Chemical Fertilizers Market Size And Drivers:
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 market is expected to reach $150.64 billion in 2025 at a CAGR of 2%. Farmers all around the world are adopting intensive farming techniques to increase productivity per hectare. These techniques help to meet the rising demand for food of the growing population and help to prevent food shortages.
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Trends In The Global Chemical Fertilizers Market
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.
Global Chemical Fertilizers Market Segments:
The global chemical fertilizers market is further segmented based on type, crop category, method of application, form, product type and geography.
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 global chemical fertilizers 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 total market.
Read More On The Report For The Global Chemical Fertilizers Market At:https://www.thebusinessresearchcompany.com/report/chemical-fertilizers-global-market-report
Chemical Fertilizers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides chemical fertilizers market overviews, analyzes and forecasts market size and growth for the global chemical fertilizers market, chemical fertilizers market share, chemical fertilizers market players, chemical fertilizers market segments and geographies, chemical fertilizers 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.