NPK Fertilizers Market Size, Share, Top Key Players Update, Sales and Forecast to 2025

Research Reports

Jan 15, 2021

Market Insight

Global COVID-19 Pandemic Impact on NPK Fertilizers Market is expected to cross USD 25 Billion by 2025 at a CAGR of 2.3% during the forecast period.

NPK fertilizers are referred to fertilizers containing equal proportions of nitrogen, phosphorus, and potassium. These fertilizers contain macronutrients which assist in osmosis and regulate the growth of crops and plants. The global NPK fertilizers market report by Market Research Future (MRFR) looks at various dynamics in agriculture and indoor farming to estimate revenue and growth patterns for the period of 2019 to 2025 (forecast period). The aftereffects of the COVID-19 pandemic on the industry have been discussed in depth.

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Competitive Outlook

Deepak Fertilisers & Petrochemicals Corporation Ltd., BASF SE, CF Industries Holdings, Yara International, Hindalco, FEECO International, Inc., Potash Corporation of Saskatchewan, Coromandel International, Haifa Group, Agrium, K + S AKTIENGESELLSCHAFT, Olam International, Borealis AG, Adventz Group, and The Mosaic Company are key players of the Global NPK Fertilizers Market. Product development and acquisitions are major strategies employed by players in the market to sustain their standing.

Segmentation

By crop type, NPK Fertilizers Market segmented into oilseeds & pulses, fruits & vegetables, cereals & grains, and others. The cereals & grains segment accounted for the largest share of 35% of the market with wheat, rice, and maize being major beneficiaries of NPK fertilizers. Cereals & grains cultivation is the largest agricultural activity and contributes significantly to the high consumption of NPK fertilizers.

By form, it is divided into liquid and dry. The dry segment is expected to account for the larger share of the market during the review period. Dry fertilizers are generally used in large fields as they remain in the soil for long periods and have fewer risks.

Regional Analysis

Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW) are major regions explored with respect to the potential of the market.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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