A fertilizer is any material of natural or synthetic origin that is applied to soils or to plants to supply one or more plant nutrients essential to the growth of plants.
The global fertilizer market was valued at $357 billion in 2017. Asia Pacific was the largest region in the fertilizer market in 2017, accounting for under 43% market share. China was the largest country in the market in 2017, accounting for under 23% market share.
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.
The top five companies covered are Yara International Asa, The Mosaic Company, Potash Corp. Of Saskatchewan Inc., Eurochem Inc. and Agrium Inc. Yara International was the largest company in the fertilizer market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Fertilizers market is segmented into Nitrogen, Phosphate and Other Fertilizers Manufacturing.
Nitrogen Fertilizers are fertilizers produced out of nitrogen (N) chemical combinations. Examples are urea and ammonia.
Phosphate Fertilizers are compounds or mixture containing available (soluble) phosphate. Examples are phosphate rock (phosphorite), superphosphates or triple superphosphates, nitro phosphate, and potassium phosphates.
Other Fertilizers segment includes all other fertilizers.
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