- Gaseous
- Liquid
- Granular
NPK Fertilizers Market size was valued at USD 2.6 billion in the year 2022 and is anticipated to grow USD 3.0 billion till 2029 at a CAGR of 4.2% from 2023-2029. Fertilizers are available in organic or inorganic materials. They are applied to plant as they provide the essential nutrients for the required growth of the plant. Composition of nutrients in fertilizers categorizes them into nutrient or multi-nutrient fertilizers. NPK fertilizers consist of the mixture of three important nutrients essential for the growth of the plant are phosphorus, potassium and nitrogen. All three nutrients are essential for the growth of the plant. Nitrogen is needed for plants to perform several plant functions, nitrogen drives the vegetative growth and phosphorus is essential for plant functions like seed, flower and root growth formation. Potassium has the potent to enhance disease resistance and required element for plants to survive and promote the root growth. There is an increasing use of NPK fertilizers because of the growing farming practices are going on around the globe. Another market fueling factor is the increasing global population. It is important to grow sufficient crops to serve to growing population and in turn lead towards the growth of the NPK fertilizers market. Growing count of industries is expanding around the globe and consequently demands for fertilizers increases. There are a few other market drivers that include increasing adoption of farming with improved crop protection offered by the NPK fertilizers, growing awareness about the food quality and feed products and new developments in the agriculture field.The increasing demand for NPK fertilizers is typified by the growing number of industries. These industries are expanding their place in the market. For example, Thailand based industry named Sojitz group produces best quality NPK fertilizers has expanded its wholesale business into Myanmar.
Global Npk Fertilizers Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.2%
Largest Market
North America
Fastest Growing Market
Asia-Pacific
NPK Fertilizers Market Dynamics
High intake of dairy and meat products will drive the NPK fertilizers market during the forecast period. Efficient advances in farming techniques have given rise to the growth of NPK fertilizers. Consumer demand for best quality food is another market booming factor. Furthermore a few factors which restrain the market growth are poor knowledge of the farmers, strict government regulations to produce such fertilizers and high production price. Another chief constrain of the market is high investments involved in the production of NPK fertilizers. Skepticism and lack of alertness amid the farmers about the use of NPK fertilizers will impede the market growth.
North-America Got Significant Share
NPK Fertilizers Market Regional Analysis
The Asia Pacific is anticipated to grow at a crucial rate because of the huge adoption of fertilizers in several countries as these fertilizers provide several environment advantages like they provide essential nutrients to plants. Another reason for booming the NPK fertilizer market in Asia Pacific is modern agricultural practices is promoted by government in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The NPK fertilizer market report provides granular level information about the market size, regional market share, historic market and forecast
- The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup's details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Npk Fertilizers Market Segmentation
By Form
By Distribution Channel
- Online
- Offline
By Crop Type
- Seeds and Pulses
- Cereals and Grains
- Fruits and Vegetables
- Others
Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Frequently Asked Questions
The NPK fertilizers market is projected to expand at a CAGR of 4.2% during the forecast period
Acron Group, Agroliquid, Compo Expert GmbH, EuroChem Agro GmbH, Haifa Chemicals Ltd, Helena Chemical Co, Helm AG, Israel Chemical Ltd
North America is the fastest-growing region for NPK fertilizers market
| 1. Executive Summary |
| 2. Global NPK Fertilizers Market Introduction |
| 2.1.Global NPK Fertilizers Market - Taxonomy |
| 2.2.Global NPK Fertilizers Market - Definitions |
| 2.2.1.Form |
| 2.2.2.Distribution Channel |
| 2.2.3.Crop Type |
| 2.2.4.Region |
| 3. Global NPK Fertilizers Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global NPK Fertilizers Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global NPK Fertilizers Market By Form, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Gaseous |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Liquid |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Granular |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global NPK Fertilizers Market By Distribution Channel, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Online |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Offline |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global NPK Fertilizers Market By Crop Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. Seeds and Pulses |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Cereals and Grains |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Fruits and Vegetables |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global NPK Fertilizers Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America NPK Fertilizers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Form Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Gaseous |
| 9.1.2.Liquid |
| 9.1.3.Granular |
| 9.2. Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Online |
| 9.2.2.Offline |
| 9.3. Crop Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Seeds and Pulses |
| 9.3.2.Cereals and Grains |
| 9.3.3.Fruits and Vegetables |
| 9.3.4.Others |
| 9.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe NPK Fertilizers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Gaseous |
| 10.1.2.Liquid |
| 10.1.3.Granular |
| 10.2. Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Online |
| 10.2.2.Offline |
| 10.3. Crop Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Seeds and Pulses |
| 10.3.2.Cereals and Grains |
| 10.3.3.Fruits and Vegetables |
| 10.3.4.Others |
| 10.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) NPK Fertilizers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Gaseous |
| 11.1.2.Liquid |
| 11.1.3.Granular |
| 11.2. Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Online |
| 11.2.2.Offline |
| 11.3. Crop Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Seeds and Pulses |
| 11.3.2.Cereals and Grains |
| 11.3.3.Fruits and Vegetables |
| 11.3.4.Others |
| 11.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) NPK Fertilizers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 12.1. Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Gaseous |
| 12.1.2.Liquid |
| 12.1.3.Granular |
| 12.2. Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Online |
| 12.2.2.Offline |
| 12.3. Crop Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Seeds and Pulses |
| 12.3.2.Cereals and Grains |
| 12.3.3.Fruits and Vegetables |
| 12.3.4.Others |
| 12.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America NPK Fertilizers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 13.1. Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Gaseous |
| 13.1.2.Liquid |
| 13.1.3.Granular |
| 13.2. Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Online |
| 13.2.2.Offline |
| 13.3. Crop Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Seeds and Pulses |
| 13.3.2.Cereals and Grains |
| 13.3.3.Fruits and Vegetables |
| 13.3.4.Others |
| 13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1. Acron Group, |
| 14.2.2. Agroliquid, Compo Expert GmbH, |
| 14.2.3. EuroChem Agro GmbH, |
| 14.2.4. Haifa Chemicals Ltd |
| 14.2.5. Helena Chemical Co |
| 14.2.6. Helm AG |
| 14.2.7. Israel Chemical Ltd |
| 14.2.8. Teralytic |
| 14.2.9. Shandong Liaocheng Luxi Chemical Sale Co. Ltd. |
| 14.2.10. Yara International ASA |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Acron Group,
- Agroliquid, Compo Expert GmbH,
- EuroChem Agro GmbH,
- Haifa Chemicals Ltd
- Helena Chemical Co
- Helm AG
- Israel Chemical Ltd
- Teralytic
- Shandong Liaocheng Luxi Chemical Sale Co. Ltd.
- Yara International ASA