The Latest Global Fertilizer Industry Statistics Explained
Nitrogenous fertilizers accounted for around 58.0% of the total market share.
The statistic “Nitrogenous fertilizers accounted for around 58.0% of the total market share” indicates that out of all types of fertilizers available in the market, nitrogenous fertilizers make up a substantial portion, approximately 58.0%. This suggests that nitrogenous fertilizers are popular among consumers and are likely in high demand due to their effectiveness in promoting plant growth. The high market share also implies that there is a significant economic impact associated with the production and sale of nitrogenous fertilizers, as they play a crucial role in the agricultural sector. This statistic highlights the importance of nitrogenous fertilizers in the overall fertilizer industry and their widespread usage in modern agriculture practices.
The Asia Pacific region accounted for around 60% of the total consumption in global fertilizer consumption in 2020.
The statistic indicates that the Asia Pacific region comprised 60% of the total global fertilizer consumption in 2020. This implies that a significant majority of fertilizers used worldwide were consumed in countries within the Asia Pacific region, including countries such as China, India, and Southeast Asian nations. The high level of fertilizer consumption in this region could be attributed to its large population and extensive agricultural activities, given that fertilizers are essential for enhancing crop yields and contributing to food security. Furthermore, this statistic highlights the importance of the Asia Pacific region in shaping global agricultural dynamics and the significant role it plays in the fertilizer industry.
The fertilizer industry is anticipated to reach $233.17 billion in 2027.
The statistic “The fertilizer industry is anticipated to reach $233.17 billion in 2027” indicates that the total market value of the global fertilizer industry is projected to grow to $233.17 billion by the year 2027. This figure suggests a substantial increase in market size, highlighting the expected growth and expansion of the fertilizer industry in the coming years. The forecasted value serves as an important indicator for investors, industry analysts, and policymakers to assess the potential economic impact, market trends, and opportunities within the fertilizer sector.
The global fertilizer market is expected to grow at a CAGR of 3.8% from 2021-2027.
The statement indicates that the global fertilizer market is projected to experience a Compound Annual Growth Rate (CAGR) of 3.8% between the years 2021 and 2027. This means that on average, the market is anticipated to expand by 3.8% each year over this period. A CAGR is a useful metric for assessing the overall growth trend of a market because it takes into account the compounding effect of growth over time. Therefore, if the projection holds true, we can expect the global fertilizer market to progressively increase in size by 3.8% annually from 2021 to 2027.
The most demanded type of fertilizer in the global market in 2020 was urea with a share of around 55%.
The statistic indicates that urea was the most sought-after type of fertilizer in the international market during the year 2020, capturing approximately 55% of the total market demand. This signifies that urea fertilizer was the preferred choice among farmers and agricultural industries for enhancing soil fertility and crop productivity. The high demand for urea could be attributed to various factors such as its cost-effectiveness, versatility in application across different crops, and its widespread availability. This statistic underscores the significance of urea in global agriculture and highlights its pivotal role in meeting the nutritional needs of crops on a large scale.
China was the leading country in terms of fertilizer consumption in 2018, with over 56.6 million metric tons used.
In 2018, China emerged as the world leader in fertilizer consumption, utilizing over 56.6 million metric tons of fertilizers. This statistic highlights China’s significant role in global agriculture, as the country’s expansive agricultural sector heavily relies on fertilizers to enhance crop yields and sustain food production. The scale of fertilizer consumption in China underscores the country’s commitment to ensuring food security for its massive population and maintaining its position as a key player in the global agricultural market. Additionally, this statistic may also reflect the challenges and opportunities associated with sustainable agricultural practices and environmental impacts, as high fertilizer usage can have implications for soil health and water quality.
The USA was the second greatest consumer of fertilizer with around 20.1 million tons used in 2018.
The statistic indicates that the United States was the second largest consumer of fertilizer in the world in 2018, utilizing approximately 20.1 million tons of fertilizer. This suggests that the agricultural sector in the US has a high demand for fertilizers to support crop production and maintain soil fertility. The use of such a significant amount of fertilizer implies a large scale of farming activities in the country, supporting its status as a major agricultural producer on the global stage. The statistic also highlights the significance of fertilizers as a crucial input in modern agriculture practices, enabling farmers to achieve higher crop yields and secure food production for the growing population.
Brazil’s fertilizer market has grown by 8.2% in 2021.
The statistic that Brazil’s fertilizer market has grown by 8.2% in 2021 indicates that there has been a significant increase in the demand for fertilizers within the agricultural sector in Brazil over the past year. This growth suggests that farmers in Brazil are investing more in fertilizers to improve crop yields and agricultural productivity. The rise in the fertilizer market can be attributed to factors such as increasing agricultural activities, favorable weather conditions, government support, and advancements in farming technology. Overall, this statistic underscores the importance of fertilizers in enhancing agricultural output and signals potential economic growth and development within the agricultural industry in Brazil.
The phosphate fertilizers market is expected to grow at a CAGR of 4.7% from 2020 to 2025.
This statistic indicates that the phosphate fertilizers market is projected to experience a Compound Annual Growth Rate (CAGR) of 4.7% from the year 2020 to 2025. This percentage represents the average annual growth rate over the specified time frame. A positive CAGR suggests a consistent and steady increase in market size, reflecting the anticipated expansion of the phosphate fertilizers industry in the coming years. This growth trend may be driven by various factors such as increasing agricultural activities, rising demand for crop production, technological advancements in fertilizer manufacturing, and changing farming practices. By understanding and monitoring this CAGR, stakeholders in the industry can better anticipate market trends and make informed decisions to capitalize on potential opportunities for growth and investment.
The worldwide demand for fertilizers grew by 14.1 million tons in 2020.
The statistic that the worldwide demand for fertilizers grew by 14.1 million tons in 2020 indicates a significant increase in the global need for fertilizers during that year. This growth suggests a greater utilization of fertilizers in agriculture and other industries, reflecting a rising demand for enhanced crop yields and production. The substantial increase also highlights the importance of fertilizers in supporting food security and sustainability efforts worldwide, as well as the potential economic implications for the fertilizer industry and related sectors. Overall, this statistic underscores the ongoing importance and reliance on fertilizers to meet the growing demands of an expanding global population and economy.
Europe accounted for the second-largest market share of around 15.4% in 2019.
The statistic that Europe accounted for the second-largest market share of around 15.4% in 2019 indicates that among all regions, Europe had the second-highest proportion of the total market activity during that year. This figure suggests that the European market played a significant role in the overall industry landscape, capturing about 15.4% of the market share. This information is crucial for stakeholders and decision-makers as it highlights the considerable presence and influence of the European market, serving as a key player driving industry trends, developments, and potential growth opportunities within the region and globally.
Growth in the organic food industry is expected to drive the fertilizer market, set to reach $15.9 billion by 2026.
The statistic indicates that the organic food industry’s growth is anticipated to directly impact the fertilizer market, leading to an expected market value of $15.9 billion by the year 2026. This suggests that as more consumers opt for organic food products, there will be an increasing demand for organic fertilizers used in the cultivation of such foods. The projected growth in the fertilizer market reflects the broader trend towards organic and sustainable farming practices, driven by consumer preferences for healthier and environmentally friendly food options. The statistic highlights the interconnectivity between different sectors of the agricultural industry and underscores the potential economic opportunities within the organic food and fertilizer markets in the near future.
The Potash fertilizer market is predicted to reach $26 billion by 2026.
The statistic indicates that the Potash fertilizer market is projected to experience significant growth and is anticipated to reach a value of $26 billion by the year 2026. This prediction suggests that there is a growing demand for Potash fertilizers, likely driven by factors such as increasing global population, expanding agricultural activities, and the need for higher crop yields. Such growth in the market could be attributed to various factors such as technological advancements in agriculture, rising awareness about the importance of soil nutrients, and government initiatives supporting agricultural development. Overall, the statistic underscores the potential opportunities and expansion expected in the Potash fertilizer industry over the next few years.
The liquid fertilizers market is projected to reach $13.4 billion by 2023.
The statistic “The liquid fertilizers market is projected to reach $13.4 billion by 2023” indicates the estimated value of the market for liquid fertilizers by the year 2023. This projection suggests a significant growth trend in the demand for liquid fertilizers, likely driven by factors such as increasing adoption of modern agricultural practices, growing awareness about the benefits of liquid fertilizers compared to traditional alternatives, and the need to improve crop yields sustainably. The market value of $13.4 billion highlights the substantial economic significance of the liquid fertilizers industry and points to potential opportunities for businesses operating in this sector to capitalize on the anticipated market expansion.
The Biofertilizers market is projected to reach $3.8 billion by 2025.
This statistic indicates that the market for biofertilizers is expected to grow significantly over the coming years, with a projected value of $3.8 billion by the year 2025. This suggests a growing interest and adoption of biofertilizers in agriculture as an environmentally-friendly and sustainable alternative to traditional chemical fertilizers. The increasing awareness of the benefits of biofertilizers, such as improving soil health, enhancing crop productivity, and reducing environmental impact, is likely driving this market growth. The projected value serves as an important indicator of the expanding market opportunities for biofertilizer companies and the potential for continued innovation and investment in this sector.
Controlled-release Fertilizers had a global market size of $2.4 billion in 2017 and is projected to grow to $3.9 billion by 2022.
The statistic indicates that the global market size for Controlled-release Fertilizers was $2.4 billion in 2017 and is expected to increase to $3.9 billion by 2022. This suggests a significant growth trend in the industry over the five-year period. The projected increase in market size highlights an increasing demand for controlled-release fertilizers, likely driven by factors such as rising global population, increasing concerns about sustainable agriculture practices, and the need for efficient nutrient management in crop production. The growth forecast implies a positive outlook for the industry, with potential opportunities for companies operating in the controlled-release fertilizer market to capitalize on this expanding demand and potentially increase their market share.
The water-soluble fertilizers market is projected to reach $17.06 billion by 2022.
The statistic “The water-soluble fertilizers market is projected to reach $17.06 billion by 2022” indicates an expected growth in the market value of water-soluble fertilizers by the year 2022. This projection suggests that there is a significant demand for water-soluble fertilizers, which are fertilizers that dissolve in water for easy application and absorption by plants. The anticipated increase in market size to $17.06 billion reflects potential growth opportunities for businesses operating in this sector, driven by factors such as increasing adoption of precision farming techniques, growing awareness about the benefits of water-soluble fertilizers, and a focus on improving agricultural productivity and sustainability.
The agricultural micronutrients market is projected to reach $8.81 billion by 2022.
The statistic “The agricultural micronutrients market is projected to reach $8.81 billion by 2022” indicates the expected value of the market for micronutrients such as zinc, iron, copper, and manganese used in agricultural practices by the year 2022. This projection underscores the growing importance of micronutrients in optimizing crop yields and addressing nutrient deficiencies in soils to enhance crop quality and productivity. The substantial market value points towards increasing awareness among farmers about the significance of micronutrients in achieving sustainable agriculture practices and meeting the rising demand for high-quality food products globally.
Conclusion
Overall, the analysis of global fertilizer industry statistics reveals significant trends and insights into the market dynamics, production levels, consumption patterns, and key players in the industry. By examining these statistics, stakeholders can make informed decisions and strategies to navigate the complex landscape of the fertilizer industry. Understanding these statistics is crucial for ensuring sustainable agricultural practices and addressing global food security challenges.
References
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