비료 시장 예측(2024-2029년)

The fertilizer market was estimated to be at US$217.242 billion in 2022, growing at a CAGR of 3.80%, reaching a market size of US$282.095 billion by 2029.

The limited arable land and growing population to feed fertilizers help farmers maximize productivity on existing land. With the particular increase in urbanization, there is a growing need for the appropriate agricultural inputs for agriculture to increase production. Among various fertilizer types, mineral, and chemical nitrogenous fertilizers are the most traded in 2022, with 43%, Fertilizers mixtures to be at 29%, and Potassiac mineral and chemical fertilizers at 24%.

Moreover, Government policies like subsidies and incentives for fertilizer use can significantly impact market demand. Such as, In India, the anticipated growth rate for domestic sales volume of complex fertilizers, including diammonium phosphate (dap) and npk (nitrogen, phosphorus, and potassium), in the fiscal year 2025 is expected to range between 4-5%. this growth is supported by the outlook for a normal monsoon and stable retail prices. lower volatility in raw material costs will enable the government to provide a corresponding nutrient-based subsidy (NBS), aiming to enhance the operating profitability of manufacturers to a normalized level.

Growing demand for food is anticipated to propel market growth.

The global human population reached 8.0 billion in mid-November 2022. Projections indicate that the world's population will increase by nearly 2 billion individuals over the next 30 years, reaching 9.7 billion by 2050 and potentially peaking at nearly 10.4 billion in the mid-2080s. China and India remain the two most populous countries, each with over 1 billion people, representing nearly 18 per cent of the world's population, respectively.

In 2023, acute food insecurity levels reached record highs due to prolonged food crises and new shocks. Approximately 238 million people across 48 countries are facing severe food insecurity, which is 10% higher than in 2022. Fertilizers play a crucial role in enhancing agricultural yields and ensuring sufficient food production to meet the needs of a growing population. The necessity to address food security concerns is expected to drive the continued growth of the fertilizer market in the foreseeable future.

The market is projected to grow in the North American region.

The fertilizer industry in the United States is affected by various factors, such as crop demand and output requirements, that might depend on the current rules and subsidies of the local government. In addition, the fertilizer purchasing decisions of producers are affected by the fluctuations in the global prices that accompany specific crops, in particular maize and soybeans. The growth-enabling precision agricultural technological developments are also fueling the demand for fertilizers in the nation.

According to USDA, crop area harvested per 1,000 acres in the United States increased from 2,91,429 thousand acres in 2020 to 2,98,863 thousand acres in 2021, The list included crops like corn, sorghum, oats, barley, rye, winter wheat, Durum wheat, rice, soybeans, peanuts, sunflower, cotton, dry edible beans, chickpeas, potatoes, canola, proso millet, and sugarbeets, with harvested acreage for hay, tobacco, and sugarcane, including double cropped acres and unharvested small grains.

Furthermore, the 2021 USDA report shows that among the fruit and vegetable agricultural businesses, there are around 3,000 that use CEA-type protection. This 2-3% is a significant sector in the US in terms of total crop value. CEA-grown crops are characterized by high-value herbs, leafy greens, microgreens, berries, vine vegetables (like cucumbers, tomatoes, and peppers), flowers, mushrooms, and nursery crops. As per the estimates, more than 2,000 vertical farming operations are present in the US which utilizes fertilizers on a large scale.

Various product introductions and government initiatives have a big influence on the fertilizer industry in the United States. New product innovations, such as revolutionary formulations or increased nutrient delivery systems, have the potential to stimulate market development by improving farmer productivity and performance.

In June 2023, ICL, a global leader in specialized minerals, announced the North American introduction of a new line of innovative foliar and fertigation solutions under the Nova brand of water-soluble fertilizers. The flagship products are Nova FINISH(TM), Nova PULSE(TM), Nova ELEVATE(TM), and Nova FLOW(TM). Furthermore, in December 2023, Koch Ag & Energy Solutions (KAES), a global provider of agricultural, energy, and chemical solutions, announced that it had s reached an agreement to buy OCI Global's fertilizer facility in Wever, Iowa, for $3.6 billion.

Besides that, government-funded research and development programs frequently stimulate innovation in the fertilizer industry, resulting in the development of new products and methods. Owing to this, in March 2023, Secretary Tom Vilsack of the United States Department of Agriculture (USDA) announced that more than 350 independent businesses from 47 states and two territories applied for $3 billion in the first two rounds of a new grant program to increase innovative domestic fertilizer production capacity.

Key Players:

• Yara's goal is to become carbon neutral and create a nature-positive food future. The company is reducing emissions in its production, inventing methods to reduce in-field emissions and safeguard biodiversity, and allowing the hydrogen economy to help shippers and other energy-intensive businesses transition to a greener future. Yora International ASA further offers various fertilizers, including Yarabeta, YaraLiva, etc.
• The Mosaic Company, a Fortune 500 firm located in the United States, is the world's biggest combined manufacturer of concentrated phosphate and potash, two of the most common fertilizers used in agriculture. Its production capacity is 27 million tonnes.
• Haifa Group is a multinational firm and the world's biggest provider of specialist plant nutrition. For decades, Haifa has established itself as a global leader, recognized for providing creative solutions in all areas of specialization. Haifa offers liquid fertilizers for Nutrigation(TM) and foliar sprays, controlled-release fertilizers, and granular fertilizers for soil application.

Segmentation:

By Type

• Organic
• Inorganic
• Nitrogen
• Phosphate
• Potassium

By Crop Type

• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Others

By Form

• Dry
• Liquid

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base, and Forecast Years Timeline
• 1.8. Key Benefits for the stakeholder

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Processes

3. EXECUTIVE SUMMARY

• 3.1. Key Findings

4. MARKET DYNAMICS

• 4.1. Market Drivers
• 4.2. Market Restraints
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis
• 4.5. Analyst View

5. FERTILIZER MARKET, BY TYPE

• 5.1. Introduction
• 5.2. Organic
  • 5.2.1. Market Trends and Opportunities
  • 5.2.2. Growth Prospects
  • 5.2.3. Geographic Lucrativeness
• 5.3. Inorganic
  • 5.3.1. Market Trends and Opportunities
  • 5.3.2. Growth Prospects
  • 5.3.3. Geographic Lucrativeness
  • 5.3.4. Nitrogen
  • 5.3.5. Phosphate
  • 5.3.6. Potassium

6. FERTILIZER MARKET, BY CROP TYPE

• 6.1. Introduction
• 6.2. Cereals & Grains
  • 6.2.1. Market Trends and Opportunities
  • 6.2.2. Growth Prospects
  • 6.2.3. Geographic Lucrativeness
• 6.3. Fruits & Vegetables
  • 6.3.1. Market Trends and Opportunities
  • 6.3.2. Growth Prospects
  • 6.3.3. Geographic Lucrativeness
• 6.4. Oilseeds & Pulses
  • 6.4.1. Market Trends and Opportunities
  • 6.4.2. Growth Prospects
  • 6.4.3. Geographic Lucrativeness
• 6.5. Others
  • 6.5.1. Market Trends and Opportunities
  • 6.5.2. Growth Prospects
  • 6.5.3. Geographic Lucrativeness

7. FERTILIZER MARKET, BY FORM

• 7.1. Introduction
• 7.2. Dry
  • 7.2.1. Market Trends and Opportunities
  • 7.2.2. Growth Prospects
  • 7.2.3. Geographic Lucrativeness
• 7.3. Liquid
  • 7.3.1. Market Trends and Opportunities
  • 7.3.2. Growth Prospects
  • 7.3.3. Geographic Lucrativeness

8. FERTILIZER MARKET, BY GEOGRAPHY

• 8.1. Introduction
• 8.2. North America
  • 8.2.1. By Type
  • 8.2.2. By Crop Type
  • 8.2.3. By Form
  • 8.2.4. By Country
    • 8.2.4.1. USA
      • 8.2.4.1.1. Market Trends and Opportunities
      • 8.2.4.1.2. Growth Prospects
    • 8.2.4.2. Canada
      • 8.2.4.2.1. Market Trends and Opportunities
      • 8.2.4.2.2. Growth Prospects
    • 8.2.4.3. Mexico
      • 8.2.4.3.1. Market Trends and Opportunities
      • 8.2.4.3.2. Growth Prospects
• 8.3. South America
  • 8.3.1. By Type
  • 8.3.2. By Crop Type
  • 8.3.3. By Form
  • 8.3.4. By Country
    • 8.3.4.1. Brazil
      • 8.3.4.1.1. Market Trends and Opportunities
      • 8.3.4.1.2. Growth Prospects
    • 8.3.4.2. Argentina
      • 8.3.4.2.1. Market Trends and Opportunities
      • 8.3.4.2.2. Growth Prospects
    • 8.3.4.3. Others
      • 8.3.4.3.1. Market Trends and Opportunities
      • 8.3.4.3.2. Growth Prospects
• 8.4. Europe
  • 8.4.1. By Type
  • 8.4.2. By Crop Type
  • 8.4.3. By Form
  • 8.4.4. By Country
    • 8.4.4.1. United Kingdom
      • 8.4.4.1.1. Market Trends and Opportunities
      • 8.4.4.1.2. Growth Prospects
    • 8.4.4.2. Germany
      • 8.4.4.2.1. Market Trends and Opportunities
      • 8.4.4.2.2. Growth Prospects
    • 8.4.4.3. France
      • 8.4.4.3.1. Market Trends and Opportunities
      • 8.4.4.3.2. Growth Prospects
    • 8.4.4.4. Spain
      • 8.4.4.4.1. Market Trends and Opportunities
      • 8.4.4.4.2. Growth Prospects
    • 8.4.4.5. Others
      • 8.4.4.5.1. Market Trends and Opportunities
      • 8.4.4.5.2. Growth Prospects
• 8.5. Middle East and Africa
  • 8.5.1. By Type
  • 8.5.2. By Crop Type
  • 8.5.3. By Form
  • 8.5.4. By Country
    • 8.5.4.1. Saudi Arabia
      • 8.5.4.1.1. Market Trends and Opportunities
      • 8.5.4.1.2. Growth Prospects
    • 8.5.4.2. UAE
      • 8.5.4.2.1. Market Trends and Opportunities
      • 8.5.4.2.2. Growth Prospects
    • 8.5.4.3. Israel
      • 8.5.4.3.1. Market Trends and Opportunities
      • 8.5.4.3.2. Growth Prospects
    • 8.5.4.4. Others
      • 8.5.4.4.1. Market Trends and Opportunities
      • 8.5.4.4.2. Growth Prospects
• 8.6. Asia Pacific
  • 8.6.1. By Type
  • 8.6.2. By Crop Type
  • 8.6.3. By Form
  • 8.6.4. By Country
    • 8.6.4.1. China
      • 8.6.4.1.1. Market Trends and Opportunities
      • 8.6.4.1.2. Growth Prospects
    • 8.6.4.2. Japan
      • 8.6.4.2.1. Market Trends and Opportunities
      • 8.6.4.2.2. Growth Prospects
    • 8.6.4.3. India
      • 8.6.4.3.1. Market Trends and Opportunities
      • 8.6.4.3.2. Growth Prospects
    • 8.6.4.4. South Korea
      • 8.6.4.4.1. Market Trends and Opportunities
      • 8.6.4.4.2. Growth Prospects
    • 8.6.4.5. Taiwan
      • 8.6.4.5.1. Market Trends and Opportunities
      • 8.6.4.5.2. Growth Prospects
    • 8.6.4.6. Thailand
      • 8.6.4.6.1. Market Trends and Opportunities
      • 8.6.4.6.2. Growth Prospects
    • 8.6.4.7. Indonesia
      • 8.6.4.7.1. Market Trends and Opportunities
      • 8.6.4.7.2. Growth Prospects
    • 8.6.4.8. Others
      • 8.6.4.8.1. Market Trends and Opportunities
      • 8.6.4.8.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 9.1. Major Players and Strategy Analysis
• 9.2. Market Share Analysis
• 9.3. Mergers, Acquisitions, Agreements, and Collaborations
• 9.4. Competitive Dashboard

10. COMPANY PROFILES

• 10.1. Yara International ASA
• 10.2. The Mosaic Company (IMC Global Inc.)
• 10.3. Haifa Group
• 10.4. CF Industries Holdings, Inc.
• 10.5. Nutrien Ltd.
• 10.6. OCI N.V.
• 10.7. ICL Group Ltd.
• 10.8. Syngenta AG
• 10.9. IFFCO
• 10.10. EuroChem
• 10.11. Saudi Arabian Fertilizer Company