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COVID-19 Impact on NPK Fertilizers - Global Market Outlook (2019 -2027)

COVID-19 Impact on NPK Fertilizers - Global Market Outlook (2019 -2027)

4.8 (31 reviews)
Published: October 2020 ID: SMRC20040
4.8 (31 reviews)
Published: October 2020 ID: SMRC20040

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global COVID-19 Impact on NPK fertilizers Market is accounted for $82.64 billion in 2019 and is expected to reach $109.67 billion by 2027 growing at a CAGR of 3.6% during the forecast period. While the elements like increasing demand of crop for animal feed production and improved reliance on fertilizers for crop productivity development are driving the market growth. However, an inconsistent raw material price is hampering the market growth.

NPK fertilizers are widely and frequently used in farming, resulting in high demand across the globe. NPK fertilizers are designed to meet the requirements of the primary nutrients in one product, thereby reducing labor and other costs. These products are available in generic form for use on multiple crops or customized for crop requirements.

Based on the nutrient type, the nitrogenous fertilizers segment is likely to have a huge demand due to these fertilizers are an efficient means of growing crop productivity, particularly in irrigated agriculture, where the soils do not consist of sufficient nitrogen. Nitrogenous fertilizers include nitrogen in nitrate, ammonium nitrate, and amide forms. Nitrate form is required by most crop plants, while paddy requires nitrogen in ammonical form. Nitrate fertilizers are readily soluble in water and are quickly available for plant uptake. Amide fertilizers include urea, which contains a high nitrogen level and is used for acidifying soils. By geography, the Asia Pacific is going to have lucrative growth during the forecast period due to the presence of large farming communities in China and India using fertilizers.

Some of the key players profiled in the COVID-19 Impact on NPK fertilizers Market include BASF SE, Borealis AG, Coromandel International, Deepak Fertilisers & Petrochemicals Corporation Ltd., FEECO International, Inc., K + S Aktiengesellschaft, Olam International, Potash Corporation of Saskatchewan, and Yara International.

Nutrient Types Covered:
• Phosphate Fertilizers 
• Potash Fertilizers 
• Nitrogenous Fertilizers 

Crop Types Covered:
• Fruits & Vegetables 
• Cereals & Grains 
• Oilseeds & Pulses 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
 

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