Mineral Fertilizers Market To Reach USD 130.72 Billion By 2027
Market Summary The growing demand for food owing to an increase in world population is driving the market for mineral fertilizers. Market Size – USD 109.20 Billion in 2019, Market Growth - CAGR of 2.4%, Market Trends – Improved quality and higher yield. 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. 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. • 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. www.reportsanddata.com
Key Players: Yara International, Israel Chemicals Ltd., The Mosaic Company, Uralkali, Bunge Ltd., CF Industries Holdings Inc., Eurochem Inc., SQM, Coromandel International Ltd., and Sinofert Holdings Ltd. among others. Segmentation: •
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027) Nitrogen Phosphate Potash Other
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Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027) Seed Treatment Soil Treatment Root Dipping Others www.reportsanddata.com
Regional Mineral Fertilizers Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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