The Fertilizer Market is expected to grow at > 3.3% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Fertilizer Market
Fertilizer Market is likely to witness a CAGR of 3.3% during the forecast period. Rapidly growing population and its increasing demand for food, water-soluble, and organic fertilizers are the major factors fueling the growth of the market during the forecast period.
Asia-Pacific is estimated to be the largest region in the market owing to rapid growth in population and increasing demand for food in the region during the forecast period. Further, growing demand for fertilizers in various countries of the region, such as China, India, Pakistan, Bangladesh and Vietnam, and increasing investments and government subsidies in the fertilizer sector are the other major factors expected to fuel the growth of the regional market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Fertilizer Market Share: By Form Type
Based on the form type, the market is segmented as dry and liquid. The dry form of fertilizers is expected to witness significant growth rate in the market during the forecast period owing to the cost-effective and easy storage nature of dry fertilizers. These fertilizers can form fertilizer blends and are more efficient for heavy pre-plant applications as they offer slow-release options, which help in feeding crops longer into the season, accelerating the segment’s growth during the forecast period.
Fertilizer Market Share: By Product Type
Based on the product type, the market is segmented as organic and inorganic. The organic segment is further categorized into plant-based, animal-based, and mineral-based fertilizers. Organic product type is estimated to register high growth during the forecast period. The growth of the segment is attributed to the provision of slow feed for plants and enhancement in water holding capacity of plants in addition to soil structure and tilth.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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