Selbyville, Delaware, December 21, 2020 (GLOBE NEWSWIRE) – According to a report published by Global Market Insights Inc., global fertilizer market size was estimated at $ 196.97 billion in 2019 and is estimated to have hit $ 200 billion by 2026, recording a CAGR of 3.2% from 2020 to 2026. The report provides a comprehensive analysis of market size and estimates, drivers & opportunities, large investment pockets, competitive position, mobile market trends, and winning strategies.
Based on form, the fertilizer industry is turned into dry and dry manure. The piece of dry manure will keep over 80% of produce easily stored and cost-effective. In addition, dry fertilizers are more effective for heavy pre-plant applications as they offer slow-growing options that help feed crops later into the season.
Request for Example Report: https://www.gminsights.com/request-sample/detail/4577
Based on the product, the industry is divided into inorganic & organic fertilizers. Inorganic phosphorus-based fertilizers of various types such as diammonium phosphate, monoammonium, phosphate, triple superphosphate, ordinary superphosphate, ammonium polyphosphate, and others include phosphoric acid, & phosphorus rock. Phosphorus-based inorganic fertilizers accounted for a fair share of about 25% in the inorganic fertilizer market share in 2019.
Phosphorus is a key component in plant DNA and RNA, which is essential for seed production, proper root development, and crop maturity. In addition, it also helps the plant to resist thirst. Phosphorus is also important for plant growth and development such as seed and fruit seeding, which will increase consumption in the fertilizer market over the coming years.
The market for fertilizer from horticultural activities is likely to grow significantly over the next few years. The growth is due to an increase in gardening activity worldwide. Gardening includes botanical gardens and public parks that use fertilizers to maintain plants, flowers, herbs and shrubs. In addition, rapid urbanization around the world has also increased the demand for gardens and landscapes at private homes, apartment buildings, and commercial spaces, such as hotels & restaurants, and office buildings, which will, of course, provide a progressive increase fertilizer application for horticultural applications by 2026.
In 2019, North America held more than 10% share in the total fertilizer market and is projected to grow at a balanced rate from 2020 to 2026 due to the decline in consumption from the US. This is due to economically international prices for crops and unfavorable weather. conditions in agricultural areas & fertilizer consumption. However, the sector will see a recovery in product demand with initiatives aimed at increasing grain production in the region.
Request to customize this report: https://www.gminsights.com/roc/4577
Key market players
Key market players examined in a global fertilizer industry report include CF Industries Holdings, Nutrien Ltd., The Mosaic Company, Sumitomo Chemical Co., Ltd., Haifa Group, and Yara International. Product manufacturers focus on capacity expansion, strategic construction, cost optimization, and long-term technology advancement strategies.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, USA, is a global review and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with vision and market data that can be worked into strategic decisions.
GMIPulse, our business analytics platform offers an online, interactive option for analyzing our property industry search data in an easy-to-use and dynamic way. Clients get market intelligence analysis across 11 high-end segments and hundreds of industry segments in them, covering regional, company-level and cross-departmental statistics that make our offer stand out for customers. -decision.
Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: [email protected] Web: https://www.gminsights.com