Mineral Fertilizers Market Size, Revenue Growth Trends, Company Strategy Analysis, 2027


The global Mineral Fertilizers market is forecast to reach USD 130.72 Billion by 2027, according to a new report by Reports and Data. An increase in global population, and economic growth is a major driving factor of the market.

The market, mainly in the emerging nation, is growing with the support of the government. Governments all across the globe are offering support in the form of subsidies, incentives, loans, and tax waivers on agricultural fertilizers, which is boosting the overall industry. Rising interest rate, soil erosion, reduction in free trade, increasing usage of bio-fertilizers, government regulations, alternative farming prices, and increasing trend of organic food are also restricting the demand of the market.

The latest trend of using nano-fertilizers in agriculture are also affecting the market positively. Nano-fertilizers are increasing the soil fertility yield and improve the quality of crops. Nano-fertilizers also increase the efficiency of nutrients and lower the cost of environmental protection.

Request Free Sample: https://www.reportsanddata.com/sample-enquiry-form/2928

Key companies manufacturing these fertilizers are Richfield Fertilizers Pvt. Ltd, Nanosolutions, Alert Biotech, and Florikan

Impact of COVID-19

The widespread of the COVID-19 has created a ripple effect that is affecting all sectors everywhere. The borders are being closed, vessels are being quarantined, and the movement of the people is also being tracked. Products are being constrained, including fertilizers and their raw materials. A disruption of the fertilizer industry across the globe is expected in the coming days.

The countries that rely heavily on trucks for their supply of fertilizers will be the most affected as vehicle movement is being strictly prohibited. Those countries which have ports are finding it a little easier to get raw materials supplied. Brazil relies heavily on trucks as transport and will be the worst off while India and China are turning towards their ports for shipment.

Further key findings from the report suggest

  • In the year 2019, the demand for nitrogen prices was under pressure for various reasons. Lower energy prices, weak trade growth, and trade disruptions kept the price from rising much the previous year. The segment still held the largest market share of 33.9% in the year 2019.
  • China, Egypt, and Southeast Asia have all increased the production of urea from the year 2018. The only region that saw a dramatic decrease of 39% was Iran, due to the U.S. sanctions. India witnessed a large increase in the urea imports due to strong sales and low production in the country.
  • Seed treatments have evolved over the years from merely protecting the seed to helping them improve long-term plant health, which led to higher production and better quality. The seed treatments are designed to enhance growth, plant emergence, and nutrition efficiency, which, with crop immunity, promote a more uniform and vigorous crop.
  • Asia Pacific held the largest market share of 58.1% in the year 2019. East and South Asia are the major consumer of fertilizers in the region. Most of the countries in the region are the agricultural economy, and the government’s initiative to promote better crop production propelled the demand for the market product.

For the purpose of this report, Reports and Data have segmented into the global Mineral Fertilizers market on the basis of type, application, application method, and region:

Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

  • Nitrogen
  • Phosphate
  • Potash
  • Other

Read More: https://www.reportsanddata.com/report-detail/mineral-fertilizers-market

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

  • Seed Treatment
  • Soil Treatment
  • Root Dipping
  • Others

Application Method Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

  • Foliar Spray
  • Fertigation
  • Drop Spreading/Placement
  • Broadcasting

Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

  • North America
  • US
  • Europe
  • UK
  • France
  • Asia Pacific
  • China
  • India
  • Japan
  • MEA
  • Latin America
  • Brazil

Ask For Discount: https://www.reportsanddata.com/discount-enquiry-form/2928

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

About Us:

Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com/

Direct Line: +1-212-710-1370

E-mail: [email protected]

Next Post

Coiled Tubing Market Revenue Growth, Regional Share Analysis, New Launches & Forecast Till 2028

The global Coiled Tubing Market is expected to reach USD 4.67 Billion by 2028 at a CAGR of 5.3%, according to a recent report by Reports and Data. The high production of oil and gas across the globe and the rising usage of coiled tubing in well intervention and drilling […]
Coiled Tubing Market

Subscribe US Now