PUBLISHER: BCC Research | PRODUCT CODE: 1059966
PUBLISHER: BCC Research | PRODUCT CODE: 1059966
The global market for fertilizers should grow from 205.3 million tonnes in 2021 to 223.5 million tonnes by 2026, at compound annual growth rate (CAGR) of 1.7% for the period of 2021-2026.
Ammonia market should grow from 120.5 million tonnes in 2021 to 128.9 million tonnes by 2026, at a CAGR of 1.4% for the period of 2021-2026.
Potassium oxide market should grow from 38.1 million tonnes in 2021 to 43.5 million tonnes by 2026, at a CAGR of 2.7% for the period of 2021-2026.
The scope of this investigation includes the major inorganic fertilizers that are currently being used for production of various crops, vegetables, fruits and various other agriculture products. The study scope includes the major fertilizers that are being utilized for the agriculture production. Each fertilizer is analyzed based on its historic market in terms of volume to determine its market status, impact on future market segments and forecasted growth from 2021 through 2026. BCC analyzes each market and its applications in crop, market projections and market volume share. This report mainly deals with the types of fertilizers and covers the total market for nitrogen fertilizer, phosphate fertilizers, and potash fertilizers. Influencing factors, including fertilizer production and efficiencies, fertilizer demand and supply, research on various fertilizers and industry structure, are also discussed. BCC Research examines fertilizer companies and industry alliances, production, crop type and market-driving forces.