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Fertilizer Market is Growing at a CAGR of 4% During the Forecast Period

According to the recent report by IMARC Group, titled “Fertilizer Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global fertilizer market exhibited moderate growth during 2015-2020 and expected to grow at a CAGR of around 4% during 2021-2026.

Fertilizers are natural or chemical substances that are applied to soil for the productive growth of the crops. Some of the essential nutrients present in these fertilizers are nitrogen, phosphorus, and potassium. Apart from offering an improved crop yield, they also enhance the texture and fertility of the soil, replace lost nutrients, and increase water retention. There are two popular variants of fertilizers, namely, inorganic and organic. Inorganic fertilizers are produced using synthetic chemicals that contain all the essential nutrients for the sustainable growth of the crops. On the other hand, organic fertilizers are made from natural raw materials that enrich the soil with vital compounds and promote the reproduction of microorganisms.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Fertilizer Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

CF Industries, Haifa Group, Indian Farmers Fertiliser Co-operative Limited (IFFCO), Israel Chemicals Ltd. (ICL), Nutrien Limited, Sociedad Química y Minera (SQM), The Mosaic Company, Uralkali and Yara International.

The report has segmented the market on the basis on on region, product type, product, product form and crop type.

Breakup by Product Type:

Chemical Fertilizer
Biofertilizers

Breakup by Product:

Straight Fertilizers
Complex Fertilizers

Breakup by Product Form:

Dry
Liquid

Breakup by Crop Type:

Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Flowers and Ornamentals
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/fertilizer-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

f you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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