세계의 비료 시장(2023-2030년)

Market Overview

The Global Fertilizer Market reached US$ 210.5 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 308.6 billion by 2030. The market is growing at a CAGR of 4.9% during the forecast period 2023-2030.

The Global Fertilizer Market is expected to grow substantially in the forecasting period. With a growing global population and increasing food demand, there is a significant need to improve agricultural productivity and enhance crop yields. This is leading to a rise in the demand for fertilizers, making the fertilizer market a key player in the agriculture industry.

Emerging economies, in particular, are witnessing a surge in the adoption of fertilizers as agricultural practices evolve and modernize. Implementing advanced farming techniques, such as precision agriculture, is driving the demand for fertilizers as farmers strive to optimize their yield potential and maximize the efficiency of their crop production.

Market Dynamics

The Adoption of Advanced Farming Techniques Drives the Market Growth

The expected expansion of the fertilizer market is closely tied to the rising adoption of advanced farming techniques. As farmers increasingly recognize the benefits of modern agricultural practices, the demand for fertilizers is expected to grow significantly, driving market expansion. For instance, on September 1, 2022, ICL introduced eqo.x, a groundbreaking, rapidly biodegradable release technology for controlled urea in open-field agriculture. This innovative solution utilizes a specialized coating to enhance agricultural crop performance while minimizing environmental impact. As the adoption of such techniques expands, the demand for fertilizers suitable for soilless cultivation also rises, creating new opportunities in the market.

Growing Awareness About Balanced Nutrient Management Drive Market Growth

The growing awareness about balanced nutrient management is expected to drive the expansion of the fertilizer market. As farmers and agricultural professionals increasingly recognize the importance of optimizing nutrient levels in crop production, the demand for fertilizers that support balanced nutrient management is expected to rise, fueling market growth. Farmers are realizing the need for precision in nutrient management with increasing awareness about the detrimental effects of nutrient imbalances on crop health and productivity. This leads to a shift in fertilizer usage patterns, with a growing demand for fertilizers that offer precise nutrient formulations and ratios.

Many manufacturers also actively drive the fertilizer demand by continuously launching new fertilizers. For instance, on April 26, 2023, IFFCO unveiled the world's first Nano DAP Liquid Fertilizer in a significant move to enhance farmers' productivity and income. The Honorable Home Affairs & Cooperation Minister introduced this groundbreaking product at IFFCO Sadan in New Delhi.

COVID-19 Impact Analysis

The COVID-19 pandemic has significantly impacted the global fertilizer market, with various market dynamics being influenced by the crisis. The market experienced disruptions in the supply chain, including transportation and logistics, due to restrictions on movement and border closures. These disruptions affected the availability of fertilizers and led to fluctuations in prices.

However, government stimulus packages and support measures provided financial aid and incentives to farmers, stabilizing the market to some extent. Looking ahead, the focus on enhancing agricultural productivity and ensuring food security in the post-pandemic era is expected to drive the long-term growth of the fertilizer market as investments in sustainable farming practices and agricultural development are prioritized.

Artificial Intelligence Impact Analysis

Artificial Intelligence (AI) powered algorithms and predictive models analyze vast amounts of data, including weather patterns, historical crop performance, and soil characteristics, to provide valuable insights and recommendations for fertilizer application. By harnessing AI's capabilities, farmers can make informed decisions regarding the timing, quantity, and type of fertilizers required. This enhances productivity, reduces waste, and optimizes fertilizer usage, driving market growth.

Segment Analysis

The Global Fertilizer Market is segmented based on type, crops, and region.

Increased use of Fertilizer in Rice Production for Domestic Consumption and Export

The rice segment holds the largest share of the global fertilizer market, making it a significant player in the industry. Rice cultivation is concentrated in regions that are vital to the local economy and food security. Countries like China, India, Indonesia, Bangladesh, and Vietnam are major producers and consumers of rice.

These regions exhibit a high demand for fertilizers, as they heavily rely on rice production for domestic consumption and export. Consequently, the rice segment holds a substantial share of the fertilizer market due to the market size and importance of rice cultivation in these regions. The demand for fertilizers in the rice segment is driven by the need to meet these specific nutrient requirements, ensuring high-quality and high-yielding rice crops.

Geographical Analysis

Increasing Demand for Fertilizer With High Consumption of Food in Asia Pacific

The Asia Pacific region has emerged as the dominant force in the Global Fertilizer Market in 2022, capturing a significant market share. The region's vast population and strong agricultural activities dominate its market. Increasing food demand and reliance on agrarian economies further solidify the Asia Pacific region's position as the leading fertilizer market.

Technological advancements and supportive government initiatives in the region are propelling the growth of the fertilizer market, reinforcing its dominant market presence. For instance, on April 27, 2023, the Union Minister for Home and Cooperation unveiled the world's first locally developed liquid form of the widely used fertilizer, nano DAP (di-ammonium phosphate). This innovative product is specifically targeted at the farming sector. Minister emphasized the importance of farmers adopting nano urea.

Competitive Landscape

The major global fertilizer market players include: Agrium Inc., Israel Chemical Ltd. (ICL), Sociedad Quimica Y Minera De Chile (SQM), K+S AKTiengesellschaft, Yara International Asa, Haifa Chemicals Ltd., Compo GmbH & Co. Kg, Coromandel International Ltd., The Mosaic Company, and Hebei Monband Water Soluble Fertilizer Co., Ltd.

Why Purchase the Report?

• To visualize the Global Fertilizer Market segmentation based on type, crops, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of fertilizer market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Fertilizer Market Report Would Provide Approximately 53 Tables, 52 Figures And 105 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet by Type
• 3.2. Snippet by Crops
• 3.3. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Increasing global population and rising food demand drives the market growth
  • 4.1.2. Restraints
    • 4.1.2.1. Environmental concerns hamper the market growth
  • 4.1.3. Opportunity
    • 4.1.3.1. The need for enhanced agricultural productivity creates opportunities for market growth
  • 4.1.4. Impact Analysis

5. Industry Analysis

• 5.1. Porters Five Force Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis

6. COVID-19 Analysis

• 6.1. Analysis of COVID-19
  • 6.1.1. Scenario Before COVID-19
  • 6.1.2. Scenario During COVID-19
  • 6.1.3. Scenario Post COVID-19
• 6.2. Pricing Dynamics Amid COVID-19
• 6.3. Demand-Supply Spectrum
• 6.4. Government Initiatives Related to the Market During the Pandemic
• 6.5. Manufacturers' Strategic Initiatives
• 6.6. Conclusion

7. By Type

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 7.1.2. Market Attractiveness Index, By Type
• 7.2. Nitrogen N*
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.2.3. Urea
  • 7.2.4. Ammonia
  • 7.2.5. AN/CAN
  • 7.2.6. DAP/MAP
  • 7.2.7. NPK
  • 7.2.8. UAN
  • 7.2.9. Others
• 7.3. Phosphate P205
  • 7.3.1. DAP/MAP
  • 7.3.2. NPK
  • 7.3.3. SSP
  • 7.3.4. TSP
  • 7.3.5. Others
• 7.4. Potash
  • 7.4.1. MOP/SOP
  • 7.4.2. NPK
  • 7.4.3. Others

8. By Crops

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crops
  • 8.1.2. Market Attractiveness Index, By Crops
• 8.2. Wheat*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Maize
• 8.4. Rice
• 8.5. Fruits & Vegetables
• 8.6. Oilseeds
• 8.7. Cotton
• 8.8. Sugar Crops
• 8.9. Others

9. By Region

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 9.1.2. Market Attractiveness Index, By Region
• 9.2. North America
  • 9.2.1. Introduction
  • 9.2.2. Key Region-Specific Dynamics
  • 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crops
  • 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.2.5.1. The U.S.
    • 9.2.5.2. Canada
    • 9.2.5.3. Mexico
• 9.3. Europe
  • 9.3.1. Introduction
  • 9.3.2. Key Region-Specific Dynamics
  • 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crops
  • 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.3.5.1. Germany
    • 9.3.5.2. The UK
    • 9.3.5.3. France
    • 9.3.5.4. Italy
    • 9.3.5.5. Spain
    • 9.3.5.6. Rest of Europe
• 9.4. South America
  • 9.4.1. Introduction
  • 9.4.2. Key Region-Specific Dynamics
  • 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crops
  • 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.4.5.1. Brazil
    • 9.4.5.2. Argentina
    • 9.4.5.3. Rest of South America
• 9.5. Asia-Pacific
  • 9.5.1. Introduction
  • 9.5.2. Key Region-Specific Dynamics
  • 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crops
  • 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.5.5.1. China
    • 9.5.5.2. India
    • 9.5.5.3. Japan
    • 9.5.5.4. Australia
    • 9.5.5.5. Rest of Asia-Pacific
• 9.6. Middle East and Africa
  • 9.6.1. Introduction
  • 9.6.2. Key Region-Specific Dynamics
  • 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crops

10. Competitive Landscape

• 10.1. Competitive Scenario
• 10.2. Market Positioning/Share Analysis
• 10.3. Mergers and Acquisitions Analysis

11. Company Profiles

• 11.1. Agrium Inc.*
  • 11.1.1. Company Overview
  • 11.1.2. Product Portfolio and Description
  • 11.1.3. Financial Overview
  • 11.1.4. Key Developments
• 11.2. Israel Chemical Ltd. (ICL)
• 11.3. Sociedad Quimica Y Minera De Chile (SQM)
• 11.4. K+S AKTiengesellschaft
• 11.5. Yara International Asa
• 11.6. Haifa Chemicals Ltd.
• 11.7. Compo GmbH & Co. Kg
• 11.8. Coromandel International Ltd.
• 11.9. The Mosaic Company
• 11.10. Hebei Monband Water Soluble Fertilizer Co., Ltd.

LIST NOT EXHAUSTIVE

12. Appendix

• 12.1. About Us and Services
• 12.2. Contact Us