Global NPK fertilizers market is anticipated to grow at a CAGR of 4.3% during the forecast period (2024-2031). The growing demand for nutritious food globally is a key factor driving the growth of the global market. NPK fertilizers are essential in agriculture and horticulture, providing essential nutrients for plant growth, soil fertility, and marketability. It is used in crop production, turfgrass management, and greenhouse agriculture, and can be blended with other nutrients for customized formulations. NPK fertilizers contribute to global food security and agricultural sustainability. Advanced product development by major players is a key factor driving the global market growth.
Browse the full report description of “Nitrogen, Phosphorus and Potassium (NPK) Fertilizers Market Size, Share & Trends Analysis Report by Type (Phosphorus-Based Fertilizers, Potassium-Based Fertilizers, Nitrogen-Based Fertilizers, and Others), by Form (Powder, Liquid, and Others), and by Application (Dairy Products, Meat & Meat Products, Bakery Products, and Beverages) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/nitrogen-phosphorus-and-potassium-fertilizers-market
For instance, in October 2023, ICL added four new water-soluble fertilizers to its Nova brand to deliver fertilization and foliar solutions for precision crop nutrition at all crop growth stages. Nova PULSE, Nova FINISH, Nova ELEVATE, and Nova FLOW are products developed by ICL America do Sul. These fertilizers provide high-purity water-soluble NPKs with micronutrients tailored to crops’ nutrient demands.
Further, in July 2023, Krishana Phoschem Limited launched two new complex fertilizers, Bharat DAP and Bharath NPK, in Andhra Pradesh and Telangana. The 18.0% nitrogen-content Bharat DAP strengthens plant roots, while Bharath NPK has excellent storage properties. The granules are rigid, strong, and uniform, allowing uniform application across fields.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Technology
o By Deployment Mode
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape - Akzo Nobel N.V., CF Industries Holdings, Inc., EuroChem Group, Nutrien Ltd., and Yara International ASA among others.
Key questions addressed by the report.
Global Nitrogen, Phosphorus and Potassium (NPK) Fertilizers Market Report Segment
By Type
By Form
By Application
Global Nitrogen, Phosphorus and Potassium (NPK) Fertilizers Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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