NPK Fertilizer Market Report: Trends, Forecast and Competitive Analysis to 2030

NPK Fertilizer Trends and Forecast

The future of the global NPK fertilizer market looks promising with opportunities in the dairy product, bakery product, meat & meat product, and beverage markets. The global NPK fertilizer market is expected to reach an estimated $2.92 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are increase in the consumption of meat and dairy products, elevated risk of diseases in livestock, and growing awareness regarding the quality of feed and food products.

A more than 150-page report is developed to help in your business decisions.

NPK Fertilizer by Segment

The study includes a forecast for the global NPK fertilizer by type, form, application, and region.

NPK Fertilizer Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Phosphorus
• Nitrogen
• Potassium
• Others

NPK Fertilizer Market by Form [Shipment Analysis by Value from 2018 to 2030]:

• Powder
• Liquid
• Others

NPK Fertilizer Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Dairy Products
• Meat & Meat Products
• Bakery Products
• Beverages

NPK Fertilizer Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of NPK Fertilizer Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies NPK fertilizer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the NPK fertilizer companies profiled in this report include-

• Borealis
• AkzoNobel
• Yara International
• Petroleo Brasileiro
• Agrium

NPK Fertilizer Market Insights

Lucintel forecasts that phosphorus is expected to witness the highest growth over the forecast period as it is more afforable as compared to conventional food additives.

Within this market, meat & meat product will remain the largest segment due to rising demand for processed and packed meat.

APAC is expected to witness highest growth over the forecast period due to rising demand for quality processed and packed food.

Features of the Global NPK Fertilizer Market

Market Size Estimates: NPK fertilizer market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: NPK fertilizer market size by type, form, application, and region in terms of value ($B).

Regional Analysis: NPK fertilizer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, forms, applications, and regions for the NPK fertilizer market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the NPK fertilizer market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the NPK fertilizer market size?

Answer: The global NPK fertilizer market is expected to reach an estimated $2.92 billion by 2030.

Q2. What is the growth forecast for NPK fertilizer market?

Answer: The global NPK fertilizer market is expected to grow with a CAGR of 3.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the NPK fertilizer market?

Answer: The major drivers for this market are increase in the consumption of meat and dairy products, elevated risk of diseases in livestock and growing awareness regarding the quality of feed and food products.

Q4. What are the major segments for NPK fertilizer market?

Answer: The future of the NPK fertilizer market looks promising with opportunities in the dairy product, bakery product, meat & meat product, and beverage markets.

Q5. Who are the key NPK fertilizer market companies?

Answer: Some of the key NPK fertilizer companies are as follows.

• Borealis
• AkzoNobel
• Yara International
• Petroleo Brasileiro
• Agrium

Q6. Which NPK fertilizer market segment will be the largest in future?

Answer: Lucintel forecasts that phosphorus is expected to witness the highest growth over the forecast period as it is more afforable as compared to conventional food additives.

Q7. In NPK fertilizer market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rising demand for quality processed and packed food.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the NPK fertilizer market by type (phosphorus, nitrogen, potassium, and others), form (powder, liquid, and others), application (dairy products, meat & meat products, bakery products, and beverages), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?