NPK Fertilizer Market - Forecasts from 2019 to 2024
The global NPK Fertilizers market is anticipated to grow at a CAGR of 5.86% during the forecast period, to reach a total market size of US$18,377.879 million in 2024 from US$13,058.824 million in 2018. Fertilizer is any organic or inorganic material that is applied to plant or soil to provide the essential and necessary nutrients that it lacks for the essential and efficient growth of the plant. Fertilizers are generally categorized as single nutrient or multi-nutrient depending on the composition of nutrients in them.
NPK fertilizers are essentially three nutrient fertilizers that contain a blend of three essential nutrients for plant growth that are nitrogen, phosphorus, and potassium. Nitrogen is required by plants for numerous plant functions and is one of the elemental components of chlorophyll. Nitrogen fuels vegetative growth, particularly the foliage, stems and branches. Phosphorus is required for functions such as root growth, seed and flower formation also phosphorus is most available to plants when the soil pH is between 5.5 and 7. Potassium is an essential element for all plants to survive and promotes root and bud growth and ripening of fruit. It also enhances disease resistance as well as tolerance to drought, heat, and freezing. Producing NPK fertilizers involves mixing the precise ratios of nitrogen, phosphorus, and potassium in highly corrosive environments.
The use of NPK fertilizers is increasing owing to factors such as increasing farming practices across the globe. As the global population is growing it is essential to grow enough crops in a year so that overall demand can be met, but crops that are grown require fertilizers as sometimes the soil is depleted of the required essential nutrients. The growing demand for NPK Fertilizers is exemplified by the fact that an increasing number of companies are expanding in this space. For instance, Sojitz group, based in Thailand which produces high-quality NPK fertilizers, has expanded its operations into Myanmar in 2016 by setting up import and wholesale business there. Another company Yara International sells NPK specific products named YaraMila Complex which is a premium, prilled nitro phosphate NPK (12-11-18 with sulfur and magnesium), designed to maximize crop yield and quality. The source of nitrogen in this is balanced and contains both ammonium-N. and nitrate-N. to feed fast-growing crops and ensure good root development there is a requirement of high nitrate concentration, while the ammonium-N is important to keep a sustained delivery of nitrogen. Another company which is a leading fertilizer producer EuroChem Group AG headquartered in Switzerland signed an MOU in 2018 with Heilongjiang Beidahuang Farms, part of Beidahuang Group, China’s largest agricultural company. According to this MOU, EuroChem Group AG will supply potash and other NPK fertilizers to Heilongjiang Beidahuang Farms,
NPK fertilizers have been segmented on basis of crop type, form and geography. application cycles. Owing to the recent technological advancements in the agricultural industry, and better production techniques of these fertilizers, the NPK fertilizers market will grow at a moderate rate during the forecast period.
By Crop Type
By Crop Type, the global NPK Fertilizer market has been segmented as Cereals and Grains, Seeds and Pulses, Fruits and Vegetables. Fruits and Vegetables own a significant amount of share in the market due to the growing demand for high-value crops throughout the world and highly efficient agricultural inputs used by the farmers for growing the crops. Cereals and grains also hold a notable share in the market.
By Form
By Form, the global NPK Fertilizer market has been segmented as liquid, gaseous and granular. Liquid NPK fertilizers hold a notable share in the market owing to the fact that it is easily mixable and deliverable into irrigation water which then can be spread on the fields.
By Distribution Channel
By the distribution channel, the global NPK Fertilizer market has been segmented as online and offline. The offline channel that includes wholesale distributors holds a significant amount of market share owing to the fact that all the information about the fertilizer is easily available with the distributor so that the farmer has no confusion in choosing the right product for the type of crop being grown.
By Geography
Geographically, the global NPK Fertilizer market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. The Asia Pacific is expected to grow at a significant rate owing to the burgeoning adoption of these fertilizers in many countries due to their environmental benefits like they use less amounts of fertilizer and provide the necessary and optimum amount of nutrients to the plants and crops and government promoting modern agricultural practices.
Competitive Landscape
The global NPK fertilizer market is competitive owing to the presence of well-diversified international, regional and local players. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence.
Segmentation
The global NPK fertilizer market has been segmented by crop type, form, distribution channel, and geography.
NPK fertilizers are essentially three nutrient fertilizers that contain a blend of three essential nutrients for plant growth that are nitrogen, phosphorus, and potassium. Nitrogen is required by plants for numerous plant functions and is one of the elemental components of chlorophyll. Nitrogen fuels vegetative growth, particularly the foliage, stems and branches. Phosphorus is required for functions such as root growth, seed and flower formation also phosphorus is most available to plants when the soil pH is between 5.5 and 7. Potassium is an essential element for all plants to survive and promotes root and bud growth and ripening of fruit. It also enhances disease resistance as well as tolerance to drought, heat, and freezing. Producing NPK fertilizers involves mixing the precise ratios of nitrogen, phosphorus, and potassium in highly corrosive environments.
The use of NPK fertilizers is increasing owing to factors such as increasing farming practices across the globe. As the global population is growing it is essential to grow enough crops in a year so that overall demand can be met, but crops that are grown require fertilizers as sometimes the soil is depleted of the required essential nutrients. The growing demand for NPK Fertilizers is exemplified by the fact that an increasing number of companies are expanding in this space. For instance, Sojitz group, based in Thailand which produces high-quality NPK fertilizers, has expanded its operations into Myanmar in 2016 by setting up import and wholesale business there. Another company Yara International sells NPK specific products named YaraMila Complex which is a premium, prilled nitro phosphate NPK (12-11-18 with sulfur and magnesium), designed to maximize crop yield and quality. The source of nitrogen in this is balanced and contains both ammonium-N. and nitrate-N. to feed fast-growing crops and ensure good root development there is a requirement of high nitrate concentration, while the ammonium-N is important to keep a sustained delivery of nitrogen. Another company which is a leading fertilizer producer EuroChem Group AG headquartered in Switzerland signed an MOU in 2018 with Heilongjiang Beidahuang Farms, part of Beidahuang Group, China’s largest agricultural company. According to this MOU, EuroChem Group AG will supply potash and other NPK fertilizers to Heilongjiang Beidahuang Farms,
NPK fertilizers have been segmented on basis of crop type, form and geography. application cycles. Owing to the recent technological advancements in the agricultural industry, and better production techniques of these fertilizers, the NPK fertilizers market will grow at a moderate rate during the forecast period.
By Crop Type
By Crop Type, the global NPK Fertilizer market has been segmented as Cereals and Grains, Seeds and Pulses, Fruits and Vegetables. Fruits and Vegetables own a significant amount of share in the market due to the growing demand for high-value crops throughout the world and highly efficient agricultural inputs used by the farmers for growing the crops. Cereals and grains also hold a notable share in the market.
By Form
By Form, the global NPK Fertilizer market has been segmented as liquid, gaseous and granular. Liquid NPK fertilizers hold a notable share in the market owing to the fact that it is easily mixable and deliverable into irrigation water which then can be spread on the fields.
By Distribution Channel
By the distribution channel, the global NPK Fertilizer market has been segmented as online and offline. The offline channel that includes wholesale distributors holds a significant amount of market share owing to the fact that all the information about the fertilizer is easily available with the distributor so that the farmer has no confusion in choosing the right product for the type of crop being grown.
By Geography
Geographically, the global NPK Fertilizer market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. The Asia Pacific is expected to grow at a significant rate owing to the burgeoning adoption of these fertilizers in many countries due to their environmental benefits like they use less amounts of fertilizer and provide the necessary and optimum amount of nutrients to the plants and crops and government promoting modern agricultural practices.
Competitive Landscape
The global NPK fertilizer market is competitive owing to the presence of well-diversified international, regional and local players. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence.
Segmentation
The global NPK fertilizer market has been segmented by crop type, form, distribution channel, and geography.
- By Crop Type
- Cereals and Grains
- Seeds and Pulses
- Fruits and Vegetables
- Others
- By Form
- Liquid
- Gaseous
- Granular
- By Distribution Channel
- Online
- Offline
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- UAE
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Others
1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL NPK FERTILIZER MARKET ANALYSIS, BY CROP TYPE
5.1. Introduction
5.2. Cereals and Grains
5.3. Seeds and Pulses
5.4. Fruits and Vegetables
5.5. Others
6. GLOBAL NPK FERTILIZER MARKET ANALYSIS, BY FORM
6.1. Introduction
6.2. Liquid
6.3. Gaseous
6.4. Granular
7. GLOBAL NPK FERTILIZER MARKET ANALYSIS, BY DISTRIBUTION CHANNEL
7.1. Introduction
7.2. Online
7.3. Offline
8. GLOBAL NPK FERTILIZER MARKET ANALYSIS, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Crop Type
8.2.2. By Form
8.2.3. By Distribution Channel
8.2.4. By Country
8.2.4.1. USA
8.2.4.1.1. By Crop Type
8.2.4.1.2. By Form
8.2.4.1.3. By Distribution Channel
8.2.4.2. Canada
8.2.4.2.1. By Crop Type
8.2.4.2.2. By Form
8.2.4.2.3. By Distribution Channel
8.2.4.3. Mexico
8.2.4.3.1. By Crop Type
8.2.4.3.2. By Form
8.2.4.3.3. By Distribution Channel
8.3. South America
8.3.1. By Crop Type
8.3.2. By Form
8.3.3. By Distribution Channel
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.1.1. By Crop Type
8.3.4.1.2. By Form
8.3.4.1.3. By Distribution Channel
8.3.4.2. Argentina
8.3.4.2.1. By Crop Type
8.3.4.2.2. By Form
8.3.4.2.3. By Distribution Channel
8.3.4.3. Others
8.4. Europe
8.4.1. By Crop Type
8.4.2. By Form
8.4.3. By Distribution Channel
8.4.4. By Country
8.4.4.1. Germany
8.4.4.1.1. By Crop Type
8.4.4.1.2. By Form
8.4.4.1.3. By Distribution Channel
8.4.4.2. France
8.4.4.2.1. By Crop Type
8.4.4.2.2. By Form
8.4.4.2.3. By Distribution Channel
8.4.4.3. United Kingdom
8.4.4.3.1. By Crop Type
8.4.4.3.2. By Form
8.4.4.3.3. By Distribution Channel
8.4.4.4. Spain
8.4.4.4.1. By Crop Type
8.4.4.4.2. By Form
8.4.4.4.3. By Distribution Channel
8.4.4.5. Others
8.5. Middle East and Africa
8.5.1. By Crop Type
8.5.2. By Form
8.5.3. By Distribution Channel
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.1.1. By Crop Type
8.5.4.1.2. By Form
8.5.4.1.3. By Distribution Channel
8.5.4.2. Israel
8.5.4.2.1. By Crop Type
8.5.4.2.2. By Form
8.5.4.2.3. By Distribution Channel
8.5.4.3. UAE
8.5.4.3.1. By Crop Type
8.5.4.3.2. By Form
8.5.4.3.3. By Distribution Channel
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. By Crop Type
8.6.2. By Form
8.6.3. By Distribution Channel
8.6.4. By Country
8.6.4.1. China
8.6.4.1.1. By Crop Type
8.6.4.1.2. By Form
8.6.4.1.3. By Distribution Channel
8.6.4.2. Japan
8.6.4.2.1. By Crop Type
8.6.4.2.2. By Form
8.6.4.2.3. By Distribution Channel
8.6.4.3. South Korea
8.6.4.3.1. By Crop Type
8.6.4.3.2. By Form
8.6.4.3.3. By Distribution Channel
8.6.4.4. India
8.6.4.4.1. By Crop Type
8.6.4.4.2. By Form
8.6.4.4.3. By Distribution Channel
8.6.4.5. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Borealis AG
10.2. Yara
10.3. Agrium Inc.
10.4. ICL
10.5. EuroChem Group AG
10.6. PhosAgro
10.7. CARBOTECNIA SL
10.8. Haifa Chemicals Ltd.
10.9. SKW Stickstoffwerke Piesteritz GmbH
10.10. J.R. Simplot Company
11. APPENDIX
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL NPK FERTILIZER MARKET ANALYSIS, BY CROP TYPE
5.1. Introduction
5.2. Cereals and Grains
5.3. Seeds and Pulses
5.4. Fruits and Vegetables
5.5. Others
6. GLOBAL NPK FERTILIZER MARKET ANALYSIS, BY FORM
6.1. Introduction
6.2. Liquid
6.3. Gaseous
6.4. Granular
7. GLOBAL NPK FERTILIZER MARKET ANALYSIS, BY DISTRIBUTION CHANNEL
7.1. Introduction
7.2. Online
7.3. Offline
8. GLOBAL NPK FERTILIZER MARKET ANALYSIS, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Crop Type
8.2.2. By Form
8.2.3. By Distribution Channel
8.2.4. By Country
8.2.4.1. USA
8.2.4.1.1. By Crop Type
8.2.4.1.2. By Form
8.2.4.1.3. By Distribution Channel
8.2.4.2. Canada
8.2.4.2.1. By Crop Type
8.2.4.2.2. By Form
8.2.4.2.3. By Distribution Channel
8.2.4.3. Mexico
8.2.4.3.1. By Crop Type
8.2.4.3.2. By Form
8.2.4.3.3. By Distribution Channel
8.3. South America
8.3.1. By Crop Type
8.3.2. By Form
8.3.3. By Distribution Channel
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.1.1. By Crop Type
8.3.4.1.2. By Form
8.3.4.1.3. By Distribution Channel
8.3.4.2. Argentina
8.3.4.2.1. By Crop Type
8.3.4.2.2. By Form
8.3.4.2.3. By Distribution Channel
8.3.4.3. Others
8.4. Europe
8.4.1. By Crop Type
8.4.2. By Form
8.4.3. By Distribution Channel
8.4.4. By Country
8.4.4.1. Germany
8.4.4.1.1. By Crop Type
8.4.4.1.2. By Form
8.4.4.1.3. By Distribution Channel
8.4.4.2. France
8.4.4.2.1. By Crop Type
8.4.4.2.2. By Form
8.4.4.2.3. By Distribution Channel
8.4.4.3. United Kingdom
8.4.4.3.1. By Crop Type
8.4.4.3.2. By Form
8.4.4.3.3. By Distribution Channel
8.4.4.4. Spain
8.4.4.4.1. By Crop Type
8.4.4.4.2. By Form
8.4.4.4.3. By Distribution Channel
8.4.4.5. Others
8.5. Middle East and Africa
8.5.1. By Crop Type
8.5.2. By Form
8.5.3. By Distribution Channel
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.1.1. By Crop Type
8.5.4.1.2. By Form
8.5.4.1.3. By Distribution Channel
8.5.4.2. Israel
8.5.4.2.1. By Crop Type
8.5.4.2.2. By Form
8.5.4.2.3. By Distribution Channel
8.5.4.3. UAE
8.5.4.3.1. By Crop Type
8.5.4.3.2. By Form
8.5.4.3.3. By Distribution Channel
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. By Crop Type
8.6.2. By Form
8.6.3. By Distribution Channel
8.6.4. By Country
8.6.4.1. China
8.6.4.1.1. By Crop Type
8.6.4.1.2. By Form
8.6.4.1.3. By Distribution Channel
8.6.4.2. Japan
8.6.4.2.1. By Crop Type
8.6.4.2.2. By Form
8.6.4.2.3. By Distribution Channel
8.6.4.3. South Korea
8.6.4.3.1. By Crop Type
8.6.4.3.2. By Form
8.6.4.3.3. By Distribution Channel
8.6.4.4. India
8.6.4.4.1. By Crop Type
8.6.4.4.2. By Form
8.6.4.4.3. By Distribution Channel
8.6.4.5. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Borealis AG
10.2. Yara
10.3. Agrium Inc.
10.4. ICL
10.5. EuroChem Group AG
10.6. PhosAgro
10.7. CARBOTECNIA SL
10.8. Haifa Chemicals Ltd.
10.9. SKW Stickstoffwerke Piesteritz GmbH
10.10. J.R. Simplot Company
11. APPENDIX
