The global fertilizer industry is expected to register a steady growth rate of nearly 3.0% over the forecast period 2019-2025. The fertilizer industry was hit hard by uneven global nutrient demand, soft economic prospects, declining crop prices, and increased market competition in 2016. This series of events created high uncertainty in the global fertilizer industry throughout the year. Since then, a sustained downturn in fertilizer consumption across the globe, especially in the US and Asia-Pacific, has challenged the market to maintain consistent growth. The market growth is primarily dependent on the extensive demand for fertilizers by farmers especially in the emerging economies across the globe such as China, India, Indonesia, Brazil, and several others. Moreover, breakthrough innovations coupled with the surging demand for bio-based and micronutrient fertilizers are expected to fuel the market growth over the forecast period. 

However, there are some factors that are expected to hinder market growth in the near future. Regulatory and environmental constraints are likely to hamper industry growth during the forecast period. Additionally, the recent outbreak of COVID-19 has also challenged the global fertilizer industry at the outset of 2020. China is the most influential economy in the global fertilizer business and is the largest producer and consumer of fertilizer across the globe. In China, production rates of the fertilizers fell to nearly 20-30% of the total capacity causing adverse impact on the supply of phosphate fertilizer as well as on the demand for raw materials such as Sulphur and Sulphuric acid. The report analyzes the global fertilizer industry on the basis of type, crop type, and geography. Based on the type, the market is segmented into straight fertilizer and complex fertilizer. Based on the crop type, the market is classified into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and others. 

Geographically, the market is analyzed into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific fertilizer industry is expected to have the most adverse impact due to COVID-19. The outbreak has disrupted the global fertilizer supply chain especially in China which has resulted in the fluctuation in the supply of raw materials as well. Hubei province in China consumes nearly 25-30% of all sulphuric acid across China. The lockdown in Hubei province has given a heavy blow to the delivery network for sulphuric acid leading to storage constraints for many smelters across the country. Further, the industry is characterized by the presence of several players that are operating across the globe. Some of the key players of the global fertilizer industry include BASF SE, Haifa Group, Henan XinlianXin Chemicals Group Co. Ltd., Hubei Xinyangfeng Fertilizer Co. Ltd., Indian Farmers Fertilizer Co-operative Ltd. (IFFCO), and several others. 

Research Methodology

The study on the fertilizer industry is incorporated by extensive primary and secondary research conducted by the research team. In secondary research, different approaches have been adopted to derive the market value, market growth rate, and analyze trends in the industry due to the COVID-19 pandemic. In the report, the analysis of the country is provided by analyzing various regional players, laws &policies, consumer behavior, macro-economic factors, and impact of the pandemic. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures. 

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of the global fertilizer industry.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global fertilizer industry.
• Insights about market determinants that are stimulating the global fertilizer industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.