A fertilizer is defined as a substance such as a chemical mixture which is applied on soil or plants to supply nutrients essential to the growth of plants. This report covers only chemical fertilizers defined as synthetically manufactured fertilizers. The fertilizer market includes nitrogen fertilizers, phosphate fertilizers and potash fertilizers.
The top five companies covered are Yara International Asa, The Mosaic Company, Eurochem Inc., Potash Corp. Of Saskatchewan Inc., and CF Industries Holdings Inc. Yara International Asa was the largest competitor in the fertilizers market in 2017.
The countries covered are China, India, Japan, UK, Germany, France, Italy, Spain, Russia, USA, Brazil and Australia.
Fertilizer Global Market Size
The global fertilizers market is expected to grow from $231.1 billion in 2017. Asia-Pacific was the largest region in the global fertilizer market in 2017, accounting for over 35% of the market. The USA was the largest country in the market in 2017, accounting for more than 15% of the market.
Fertilizer Global Market Trend
Many farmers across the world are shifting from chemical fertilizers to organic fertilizers. Organic fertilizers are carbon-based compounds that increase the productivity and growth quality of plants. Using organic fertilizers helps ensure food produced from these fertilizers is non-toxic, safe and environment friendly and also ensures farms remain fertile for longer periods. Organic fertilizers play an important role in practicing sustainable organic farming by the farming community.
Fertilizer Global Market Segmentation
The Fertilizer Global Market is segmented into Nitrogen; Phosphates; and Potash.
Nitrogen Fertilizers Market Nitrogenous fertilizer manufacturers produce fertilizers from sewage or animal waste and manufacture nitrogenous materials and mix them into fertilizers. Ammonium nitrate, ammonium sulfate and anhydrous ammonia are considered to be part of the nitrogenous fertilizer manufacturing segment.
Phosphates Fertilizers Market Phosphate fertilizer manufacturers produce phosphatic fertilizer materials and other phosphatic materials and mix them into fertilizers. Ammonium phosphate, defluorinated phosphate, and di-ammonium phosphate are examples of the phosphate fertilizer segment.
Potassium Fertilizers Market Potash fertilizer manufacturers produce potash fertilizer materials and manufacture other potash materials to mix them with fertilizers. Potassium nitrate, potassium chloride and potassium sulphate are examples of the potash fertilizers segment.