North Africa Fertilizers Market size is forecast to reach $4.28 billion by 2025, after growing at a CAGR of 3.56% during 2020-2025. Fertilizers are chemical substances supplied to the crops to increase their productivity and are used by the farmers daily to increase the crop yield. Fertilizer is the most effective means of increasing crop production and improving the quality of food and fodder. Increasing the use of fertilizers owing to the essential nutrients required by the plants including nitrogen, potassium, and phosphorus for crop production will boost the North Africa fertilizer industry.
Type – Segment Analysis
Inorganic Fertilizers held the largest share in North Africa Fertilizers Market in 2019. Fertilizers are simply planted nutrients that are added to agricultural fields to replace the essential elements naturally present in the soil. Fertilizer is used since the start of agriculture. One benefit of offering inorganic fertilizers is that they work quickly. These nutrient-rich salts dissolve easily and, depending on them, are immediately available to the plants to provide vital nutrients in the form of nitrogen, phosphorus, and potassium. In cases where plants show signs of nutrient deficiency, inorganic fertilizers have a distinct advantage over organic choices that rely on soil organisms to break down the organic matter first before releasing nutrients. This delay may result in plants not receiving the necessary levels of vital nutrients and causing stunted growth, poor production of fruit and flowers, or weak stem. The rapid delivery of essential elements and minerals by the inorganic fertilizer removes this potential problem. Farmers turn to inorganic fertilizers because these substances contain plant nutrients such as nitrogen, potassium, and phosphorus. Hence, farmers prefer inorganic fertilizers to maintain soil fertility, to grow nutritious crops and healthy crops.
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Crop Type – Segment Analysis
Cereals held the largest share in North Africa Fertilizers Market in 2019. Countries in North Africa have the highest per capita intake of wheat and wheat offers up to 50 % of daily calories and protein. Wheat can be grown in a wide range of soil and can be successfully grown in large parts of the world, ranging from sea level to over 3,050 meters (10,000 feet). Annual rainfall of 254 mm (10 inches) is generally considered the minimum, and the soil should be fertile enough. Soils with a good content of humus (partly decayed organic matter) and chemical fertilizers are usually essential. According to the Food and Agriculture Organization (FAO), the production of cereals in 2018 was 38 million tons in which the production of wheat was 21.3 million tons, production of course grain was 13.9 million tons and production of rice was 4.1 million tons. Also, the highest production of cereal in 2018 was from Egypt followed by Morocco.
Application- Segment Analysis
Agriculture held the largest share in North Africa Fertilizers Market in 2019 and is projected to grow at a CAGR of 3.47% during the forecast period 2020-2025. In agriculture, fertilizers play an important role in supplying the nutrients that agricultural crops need to grow and harvest for nutritious foods. The majority of fertilizers widely used in agriculture include the three essential nutrients of plants that are nitrogen, phosphorus, and potassium. With the global population growing steadily, the need for crops and other agricultural products is increasing. Farmers in the agricultural sector use fertilizer to help grow crops and gardens. The agriculture sector uses a wide variety of fertilizers that have been produced to help various crops grow under varying soil and weather conditions, and even a large farm with thousands of acres of crops. Also, chemical ingredients contribute to the production of agriculture as fertilizers that encourage agriculture growth are also cost-effective. Hence all these factors will drive the market for North Africa Fertilizers in the forecast period.
Geography- Segment Analysis
Algeria held the largest share with 32.34% in North Africa Fertilizer Market in 2019, followed by Morocco, Egypt, and Tunisia. According to the Food and Agriculture Organization (FAO), the CAGR from 2015-2020, for Nitrogen fertilizer is 2.75%; for phosphate fertilizer is 1.6% and for potash fertilizer is 5.56% in North Africa region. Morocco has become a hotspot for the potash fertilizer market in recent years, followed by ongoing investments in the fertilizer sector in the nation. For instance, in 2016, the Moroccan OCP Group (Moroccan National Phosphate Company) signed an agreement with the Sovereign Investment Authority of Nigeria to build an NPK fertilizer plant in Ethiopia, which is expected to operate during the year 2023-2024. Due to the COVID-19 pandemic situation, there has been disrupted in agrochemical manufacturing because of the scarcity of raw materials. Also, this ongoing trend will have a cascading impact on food production and crop yields on economies in North Africa that are primarily agricultural, at a time when demand for agricultural-producing products will report a spike in the medium term in 2020.
Drivers – North Africa Fertilizers Market
Improving Soil Fertility for production of crops
Soil fertility provides the foundation for nutritious food production and resilient and sustainable livelihoods. Improving soil fertility is vital for changes such as improved crop varieties, better pest management, and improved marketing to be effective. Access to inorganic fertilizer, its use, and related implementation issues were prominent considerations; nevertheless, biophysical and socio-economic barriers and solutions were identified as equally important to building soil fertility and natural resources. Access, usage, and related implementation issues to inorganic fertilizer was a prominent consideration; however, biophysical and socio-economic barriers and solutions were defined as equally important for soil fertility and natural resource building. This means that Africa cannot produce the food it needs by relying solely on organic fertilizer. Besides, organic and inorganic fertilizers provide complimentary benefits crucial for soil chemical, biological and physical properties. On many soils, the most effective approach is integrated soil fertility management, which combines both organic and inorganic fertilizers.
Increasing Food Demand
Increasing food demand with annual population growth has contributed to rising food consumption and shifting dietary preferences. But growing demand, coupled with a climate-constrained production potential, has forced the region to rely increasingly on food imports, raising its trade profile. Morocco is the fourth largest populated country after Egypt, Algeria, and Sudan. Agricultural production growth in North Africa benefits from Morocco’s better growth of 4.1% in 2017 than in the previous year, up from 1.2% in 2016 mainly due to increased agricultural productivity due to the combined positive effects of a strong rainy season and the introduction of the Morocco Green Program. North African growth has also been boosted by Egypt’s steady positive output (GDP growth of about 4%), driven by the positive impact of its macroeconomic and structural reforms. The prospects for growth for 2018 and 2019 are positive given the reforms undertaken in every region. The prospects for growth for 2018 and 2019 are optimistic given the reforms undertaken in every region. The growth outlook for the region remains favorable relative to that for other regions with an average growth projected at 5.0% in 2018 and 4.6% in 2019. According to Worldometer, the projected Northern Africa population is equivalent to 3.16% of the total world population which is estimated to be is one of the factors for the rise of North Africa Fertilization Market.
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Challenges – North Africa Fertilizers Market
Increasing environmental problems
The major environmental issue associated with fertilizer use is nitrate and phosphate pollution of the water. Eventually, the nitrogen from fertilizers and manures is converted to nitrates by bacteria in the soil. These nitrates may be leached into the groundwater or washed into streams and rivers beyond the soil surface. High nitrate levels are considered harmful to human health in drinking water. Also, Excess nitrogen used in crop fertilization can lead to the atmospheric release of greenhouse gasses such as carbon dioxide and nitrous oxide. This effect is caused by the use of more chemical fertilizer than the plants can readily absorb. According to the Climate Monitoring and Diagnostics Lab of the National Oceanic and Atmospheric Administration (NOAA), excess greenhouse gasses trapped in the atmosphere may contribute to soil and ocean surface temperatures increase.
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the North Africa Fertilizers Market. Major players in the North Africa Fertilizers Market are Sorfert, SQM, YARA, Egyptian Fertilizers Company, Jorf Fertilizer Company V (JFC V), MOPCO – Misr Fertilizers Production Co., Belaruskali, OCP, Yara International, Bunge, ADM, Potash Corp among others.
In North Africa, opportunities for fertilizer market growth can be materialized by successfully integrating aspects such as improved regional trade cooperation, increased participation of the private sector, and improved infrastructure and transport arrangements to support the growth potential of the North African fertilizer industry.
Increasing demand for inorganic fertilizers for soil nutrient management is essential to maintain consistently high biomass productivity owing to drive the industry growth.
Consuming contaminated groundwater or crops with a high concentration of nitrate has negative effects on human health which can create hurdles in North Africa Fertilizers Industry.
Related Reports :
A. Nitrogenous Fertilizer Market
B. Biofertilizers Market
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