Global NPK Market Size study & Forecast, by Production Route, by Mode of Application, by Crop and Regional Analysis, 2022-2029

Description

List of Tables

Global NPK Market is valued at approximately USD 3.04 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.1 % over the forecast period 2022-2029. NPK stands for Nitrogen, Phosphorus (Phosphate), and Potassium. NPK is a type of fertilizer and is used for providing essential nutrients to crops and improving crop quality and yield. Moreover, all fertilizer products provide N-P-K ratio numbers of the proportion of three plant nutrients: nitrogen (N), phosphorus (P) and potassium (K) and it varies for different crop types. For instance, for flowering plants, the ideal NPK ratio is 3-1-2 means 3% Nitrogen, 1% phosphorus & 2% potassium. The increasing demand for fertilizers worldwide and growing adoption of precision farming as well as strategic initiatives from government authorities are key factors accelerating the market growth.

The increasing demand for fertilizers in agriculture applications is contributing to the growth of the Global NPK Market. For instance, according to Statista - in 2020, the global fertilizers industry was valued at USD 171.76 billion, which further increased to USD 193.28 billion, and is projected to grow to USD 241.87 billion by 2030. Moreover, strategic initiatives from government authorities towards the commencement of new NPK fertilizers plant are also driving the market space. For instance, in December 2021, India based Rashtriya Chemical and Fertilizer Limited ((RCFL) received approval from the Department of Fertilizers (DOF), Government of India for setting up an NPK plant. This new 1200 MTPD DAP / NPK plant would be set up at RCF's Thal unit, based in Maharashtra State. Additionally, in February 2022, Sweden based Nuberg EPC received the contract to build the brownfield 1650 TPD NPK Plant at The Fertilizers and Chemicals Travancore Limited in Kochi, Kerala, India. Also, increasing demand for NPK fertilizer in developing economies and growing industrialization would create a lucrative growth prospectus for the market over the forecast period. However, high production costs and demand supply gap stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global NPK Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing demand for fertilizers and presence of leading market players. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising number of investments from government authorities in fertilizers sector and growing expansion of agriculture sector in the region.

Major market players included in this report are:

Borealis AG (Austria)

AkzoNobel (Netherlands)

Yara International ASA (Norway)

Petroleo Brasileiro S.A. (Brazil)

Agrium Inc. (Canada)

The Mosaic Company (US)

Israel Chemicals Ltd. (Israel)

EuroChem (Switzerland)

PotashCorp (Canada)

K+S AKTIENGESELLSCHAFT (Germany)

Recent Developments in the Market:

In September 2021, India based Coromandel International launched its new NPK fertilizer range GroShakti Plus in Andhra Pradesh, Telangana, and eastern region markets. Groshakti is an NPK fertilizer fortified with zinc.
In September 2022, Amsterdam, Netherlands based Nouryon entered into a definitive agreement to acquire Poland based ADOB Fertilizers. ADOB is a leader in water-soluble fertilizers and micronutrients.

Global NPK Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Production Route, Mode of Application, Crop, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Production Route

Nitrophosphate

Phosphoric Acid

Granulation of Solids

Compaction

By Mode of Application

Soil

Foliar

Fertigation

Others

By Crop

Cereals & Grains

Fruits & Vegetables

Oilseeds & Pulses

Others

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. NPK Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. NPK Market, by Production Route, 2019-2029 (USD Billion)
- 1.2.3. NPK Market, by Mode of Application, 2019-2029 (USD Billion)
- 1.2.4. NPK Market, by Crop, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global NPK Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global NPK Market Dynamics

3.1. NPK Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for fertilizers worldwide
  - 3.1.1.2. Growing adoption of precision farming
  - 3.1.1.3. Strategic initiatives from government authorities
- 3.1.2. Market Challenges
  - 3.1.2.1. High production cost
  - 3.1.2.2. Demand supply gap
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing demand for NPK fertilizer in developing economies
  - 3.1.3.2. Growing industrialization

Chapter 4. Global NPK Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global NPK Market, by Production Route

6.1. Market Snapshot
6.2. Global NPK Market by Production Route, Performance - Potential Analysis
6.3. Global NPK Market Estimates & Forecasts by Production Route 2019-2029 (USD Billion)
6.4. NPK Market, Sub Segment Analysis
- 6.4.1. Nitrophosphate
- 6.4.2. Phosphoric Acid
- 6.4.3. Granulation of Solids
- 6.4.4. Compaction

Chapter 7. Global NPK Market, by Mode of Application

7.1. Market Snapshot
7.2. Global NPK Market by Mode of Application, Performance - Potential Analysis
7.3. Global NPK Market Estimates & Forecasts by Mode of Application 2019-2029 (USD Billion)
7.4. NPK Market, Sub Segment Analysis
- 7.4.1. Soil
- 7.4.2. Foliar
- 7.4.3. Fertigation
- 7.4.4. Others

Chapter 8. Global NPK Market, by Crop

8.1. Market Snapshot
8.2. Global NPK Market by Crop, Performance - Potential Analysis
8.3. Global NPK Market Estimates & Forecasts by Crop 2019-2029 (USD Billion)
8.4. NPK Market, Sub Segment Analysis
- 8.4.1. Cereals & Grains
- 8.4.2. Fruits & Vegetables
- 8.4.3. Oilseeds & Pulses
- 8.4.4. Others

Chapter 9. Global NPK Market, Regional Analysis

9.1. NPK Market, Regional Market Snapshot
9.2. North America NPK Market
- 9.2.1. U.S. NPK Market
  - 9.2.1.1. Production Route breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Mode of Application breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. Crop breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada NPK Market
9.3. Europe NPK Market Snapshot
- 9.3.1. U.K. NPK Market
- 9.3.2. Germany NPK Market
- 9.3.3. France NPK Market
- 9.3.4. Spain NPK Market
- 9.3.5. Italy NPK Market
- 9.3.6. Rest of Europe NPK Market
9.4. Asia-Pacific NPK Market Snapshot
- 9.4.1. China NPK Market
- 9.4.2. India NPK Market
- 9.4.3. Japan NPK Market
- 9.4.4. Australia NPK Market
- 9.4.5. South Korea NPK Market
- 9.4.6. Rest of Asia Pacific NPK Market
9.5. Latin America NPK Market Snapshot
- 9.5.1. Brazil NPK Market
- 9.5.2. Mexico NPK Market
- 9.5.3. Rest of Latin America NPK Market
9.6. Rest of The World NPK Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. Borealis AG (Austria)
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. AkzoNobel (Netherlands)
- 10.2.3. Yara International ASA (Norway)
- 10.2.4. Petroleo Brasileiro S.A. (Brazil)
- 10.2.5. Agrium Inc. (Canada)
- 10.2.6. The Mosaic Company (US)
- 10.2.7. Israel Chemicals Ltd. (Israel)
- 10.2.8. EuroChem (Switzerland)
- 10.2.9. PotashCorp (Canada)
- 10.2.10. K+S AKTIENGESELLSCHAFT (Germany)

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global NPK Market, report scope
TABLE 2. Global NPK Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global NPK Market estimates & forecasts by Production Route 2019-2029 (USD Billion)
TABLE 4. Global NPK Market estimates & forecasts by Mode of Application 2019-2029 (USD Billion)
TABLE 5. Global NPK Market estimates & forecasts by Crop 2019-2029 (USD Billion)
TABLE 6. Global NPK Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global NPK Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global NPK Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global NPK Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global NPK Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global NPK Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global NPK Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global NPK Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global NPK Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global NPK Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row NPK Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row NPK Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global NPK Market
TABLE 71. List of primary sources, used in the study of global NPK Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global NPK Market, research methodology
FIG 2. Global NPK Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global NPK Market, key trends 2021
FIG 5. Global NPK Market, growth prospects 2022-2029
FIG 6. Global NPK Market, porters 5 force model
FIG 7. Global NPK Market, pest analysis
FIG 8. Global NPK Market, value chain analysis
FIG 9. Global NPK Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global NPK Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global NPK Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global NPK Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global NPK Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global NPK Market, regional snapshot 2019 & 2029
FIG 15. North America NPK Market 2019 & 2029 (USD Billion)
FIG 16. Europe NPK Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific NPK Market 2019 & 2029 (USD Billion)
FIG 18. Latin America NPK Market 2019 & 2029 (USD Billion)
FIG 19. Global NPK Market, company Market share analysis (2021)