Global Fertilizers Market Is Estimated to Reach $191.36 Billion by 2025

According to the report published by IndustryARC titled “Fertilizers Market: By Form (Solid and Liquid); By Type (Organic and Inorganic); By Method of Application (Foliar Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method, Others); By Crops (Food Crops, Cash Crops, Plantation Crops, Horticulture Crops, and Grasslands); By Application (Golf Courses, Lawns, Sports Fields, Aquatic Plants, Agricultural Farms, Trees, Fruits and Vegetables Gardens, Plantations, Others); By Geography - Forecast(2019-2025).

Browse 51 Market Tables, and 65 Figures spread through 162 slides and go through an in-depth TOC on “Fertilizers Market (2019-2025)”

According to a recent study from IndustryARC, the fertilizers market is forecast to reach $191.36 billion by 2025 and is estimated to grow at a CAGR of 3.67%. There is a lot of pressure on crop yield rate to meet the food demand of the growing population which is also challenged by the limited availability of arable land per person. Thus, the rising demand for food production is a key factor responsible for the growth of the fertilizers market. 

Asia-Pacific holds the major share of the fertilizers market in 2018. The growth in Asia Pacific region is driven by the growing population, rising food requirement, increased purchasing power, crop disease prevalence, growing R&D and investment activities by major players, increased government initiatives, and changing lifestyle. China and India are expected to be the fastest growing fertilizer markets in the coming years. Fertilizers usage in India is at a growing stage. However, propelling Indian economic growth and increasing awareness regarding the benefits of fertilizers are expected to increase demand for fertilizers. In North America, the U.S. is expected to be the fastest growing region for fertilizers market during the forecast period 2019-2025 due to increasing food requirement with an increase in population which pressurizes the agricultural sector to produce more food or crops at a limited arable land. 

Extensive usage of fertilizers can contaminate the groundwater to adverse levels due to which certain governments have imposed stringent policies. These have restricted the farmers from using fertilizers in their fields; which are a key challenge hindering the fertilizers market growth.

The major fertilizer companies have advantage of wide distribution network and brand reputation. These companies are investing in research & development to bring new products and technologies to the market. However, a lot of manufacturers are actively investing in expanding their market position and attracting profitable deals. 

The overall market is also presented from the perspective of different geographic regions and the key countries for this industry.  Competitive landscape for each of the product types is highlighted and market players are profiled.