NPK Fertilizer Market Report: Market anticipated to reach USD 3.23 BN by 2026
Posted On March 31, 2020
The report by Value Market Research on the Global NPK Fertilizer Market anticipates the market growth to reach CAGR of 3.8% during 2020-2026. The market was valued close to USD 2.49 BN in 2019 to is expected to reach USD 3.23 BN by 2026.The increase in demand for advanced fertilizers is acting as a driving factor behind the rising market for NPK fertilizers. Farming is widely being adopted by various market entities to provide organic and good quality food for the masses. The NPK fertilizers offer enhanced crop protection which is acting as a major driving force behind the boom in the market. The existent and prevalent consumption trends of the meat and dairy products are also acting as a major factor behind the rise in the market for NPK fertilizers. The high awareness among the consumers regarding the quality of the food they consume is also increasing causing a rise in the market for NPK fertilizers.
Fertilizers are an important part of any economy as it plays a vital role in the agricultural field. Agriculture forms the backbone of any economy as it determines the self-reliability of the nation for sustaining resources. The NPK fertilizers are the most efficient ones used for agriculture. It is a mixture of 3 elements that is sodium, phosphorus, and potassium. The NPK fertilizer ensures the healthy growth of the crops and also increases the nutrient quantity and the water absorption efficiency of the plants. The fertilizer is available in liquid, gaseous and granular forms so it is very easy to use in multiple ways.
The report "Global NPK Fertilizer Market Report By Type (Chlorine Based Compound Fertilizer, Sulfur Based Compound Fertilizer, Nitro Based Compound Fertilizer And Urea Based Compound Fertilizer), Application (Wheat, Rice, Maize, Fruits & Vegetables And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" initially provides the market overview, executive summary followed by detailed revenue analysis bifurcated by segments and regions. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
On the basis of type the NPK fertilizer market is segmented into chlorine based compound fertilizer, sulfur based compound fertilizer, nitro based compound fertilizer and urea based compound fertilizer. By application the NPK fertilizer market is segmented into wheat, rice, maize, fruits & vegetables and others.
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are the regions covered in the report. This geographical section of the report highlights the share of the revenue/volume spread globally.
The Report Segments Global NPK Fertilizer Market -
- Chlorine Based Compound Fertilizer
- Sulfur Based Compound Fertilizer
- Nitro Based Compound Fertilizer
- Urea Based Compound Fertilizer
- Fruits & Vegetables
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Acron, Azomures, CGC, Euro Chem., Helena Chem., Helm AG, ICL, IFFCO, Kingenta, NPK Expert, Phosagro, Rossosh, Uralchem, Yara and ZAT among others.
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