Inorganic Fertilizers Market, By Chemical Compound (Nitrogen-based, Phosphorous-based, and Potassium-based), By Application (Fertigation and Foliar Fertilizers), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Fertilizers are organic or inorganic material applied to soils or to plant tissues. It helps to enhance the plant growth and improves the efficiency of the soil for water retention and aeration. Soil requires macronutrients in huge and micronutrients in less quantity. Fertilizer is manufactured in solid, liquid or gaseous forms in order to apply directly on the plant or to add in aqueous solutions. Population expansion along with growing demand for food security in developing regions is the primary factor driving growth of the global market. In addition, demand for basic food crops, for high value crops such as fruit and vegetables, for animal products along with population growth is expected to enhance demand for the global market over the forecast period. However, shortage of raw material supply and variation in weather conditions hampers growth of the global market over the forecast period.

Inorganic fertilizers market is segmented based on chemical compound, application, and region.

Based on chemical compound, the global inorganic fertilizers market is segmented into nitrogen-based, phosphorous-based, and potassium-based. Nitrogen-based chemical compound were the major key player in the product category in 2016 and is expected to maintain its dominance over the forecast period. Since these fertilizers increase the productivity and improves the texture, demand is anticipated to sustain in the forecast period. Based on application, the target market is categorized into fertigation and foliar fertilizers. In 2016, fertigation was dominating the global market and is expected to maintain its dominance over the forecast period due to its high crop productivity and less labor cost involved. The demand for fertigation will show high growth with respect to its low cost as compared to the foliar applications.

Based on region the global inorganic fertilizers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Middle East and Africa is the major and continuously emerging market for global inorganic fertilizer industry. North America and Asia Pacific follow Middle East and Africa in terms of demand. Ever increasing population and demand from food industry is driving the growth of the global market.

The key players operating the global inorganic fertilizers market involves Saudi Arabian Fertilizer Company, K S AG, Agrium, Inc., Isreal Chemicals, CF Industries, OCP, Inc., Yara International, Haifa Chemicals Limited, and Potash Corp. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the Chemical Compounds in order to gain competitive edge in the target market. For instance, in July 2016, Agrium Inc. acquired Cargill’s agro retail business to grow its market presence. In August 2016, Yara International acquired Tata Chemicals’ urea business in India for US$ 410 million for business expansion in the country.

• Saudi Arabian Fertilizer Company *
• Company Overview
• Chipset Portfolio
  • Key Highlights
  • Financial Performance
• K S AG
• Agrium, Inc.
• Isreal Chemicals
• CF Industries
• OCP, Inc.
• Yara International
• Haifa Chemicals Limited
• Potash Corp.

“*” marked represents similar segmentation in other categories in the respective section