NPK Compound And Specialty Fertilizers Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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NPK Compound And Specialty Fertilizers Market: By Fertilizer (NPK Compound Fertilizers, Water Soluble NPK Fertilizers (Fertigation Grade), Seaweed based Bio-stimulants, Amino Acid-based Bio-stimulants, Slow & Controlled Release Fertilizers, Liquid Micronutrients Fertilizer, and Chelated Trace Elements) and Geography

 

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Report

Description

NPK Compound And Specialty Fertilizers Market Size is estimated to be valued at USD 38,967.5 Million in 2021 and expected to grow at a significant CAGR of 2.3% over 2022-2028. The expansion of the agricultural sector is driving the global NPK fertilizer market. The innovation of new technology and higher crop yield also increases the demand for NPK fertilizers across the globe. The demand for food in major dominating regions such as North America and the Asia Pacific region has paved the way for opportunities in the growth of the NPK Fertilizers Market. The NPK compounds & specialty fertilizer market is fueled by the growth in the agriculture sector worldwide. However, the demand for fruits and vegetables later created a demand for increased cultivation. The Powder segment has a higher value than all the other segments. Powdered NPK fertilizers (food-grade) have a longer shelf life than liquid NPK fertilizers (food-grade), and they are also easier to apply and transport. These elements influence the powder segment of NPK fertilizers (food-grade).

Recent Market Developments:

In September 2021, Yara announced the acquisition of Ecolan Oy, a Finnish producer of recycled fertilizers. This is Yara’s first acquisition in the organic fertilizer segment and reflects their commitment to play a bigger role in organic farming and in contributing to the circular economy.

In February 23, 2022, EuroChem Group (hereafter ‘EuroChem’, or ‘the Group’), a leading global fertilizer producer, announces that it has completed the acquisition of the Serra do Salitre phosphate project in Brazil.

NPK Compound And Specialty Fertilizers Market

MARKET SUMMARY
-
2.3% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 2.3%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

NPK Compound And Specialty Fertilizers Market

  • The npk compound and specialty fertilizers market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The npk compound and specialty fertilizers market is segmented based on fertilizers and geography.
Key Players
  • Acron,
  • Comessa
  • ICL fertilizer
  • Helena Chemical Co.
NPK Compound And Specialty Fertilizers Market

Dynamics

The increase in the demand for food and food products because of the rapid growth in the population is one of the major driving forces to increase the Market Size. Furthermore, the advancement of new technology, the awareness of the quality food products, and new ideas in agricultural farming are the most important drivers of the NPK Fertilizers Market. Moreover, stringent regulation by the government and fluctuation in price, storage, and handling costs may hamper the growth of NPK fertilizer in the global market.


Asia-Pacific Got Significant Share

NPK Compound And Specialty Fertilizers Market

The Asia-Pacific NPK compound & specialty fertilizers market is expected to have the highest share of the revenue in 2021, and it is expected to grow rapidly in the following years. Furthermore, Europe is the fastest-growing market in terms of demand, adoption, and introduction of new technology. Moreover, increasing demand for NPK compound fertilizers and other specialty fertilizers from paddy, maize, palm oil, rubber, sugar cane, fruits, and vegetable crops.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • 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 start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
NPK Compound And Specialty Fertilizers Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The NPK Compound And Specialty Fertilizers Market is projected to expand at a CAGR of 2.3% during the forecast period.

Amino Acid-based Bio-stimulants, Slow & Controlled Release Fertilizers, Liquid Micronutrients Fertilizer, Chelated Trace Elements

Asia-Pacific is the fastest-growing region for NPK Compound And Specialty Fertilizers Market


Report

Company Profile

  • Mitsubishi Electric Corporation (Tokyo, Japan)
  • Trane (Dublin, Ireland)
  • Carrier Corporation (Florida, U.S.)
  • LG Electronics (Seoul, Korea)
  • Daikin Industries, Ltd. (Osaka, Japan)
  • Nanjing tica climate solutions co., ltd (Nanjing, China)
  • Midea Group (Guangdong, China)
  • Gree Electric Appliances, Inc. of Zhuhai (Guangdong, China)
  • Frigel Firenze S.p.A(Mitsubishi Electric Corporation Tuscany, Italy)

Description

NPK Compound And Specialty Fertilizers Market Size is estimated to be valued at USD 38,967.5 Million in 2021 and expected to grow at a significant CAGR of 2.3% over 2022-2028. The expansion of the agricultural sector is driving the global NPK fertilizer market. The innovation of new technology and higher crop yield also increases the demand for NPK fertilizers across the globe. The demand for food in major dominating regions such as North America and the Asia Pacific region has paved the way for opportunities in the growth of the NPK Fertilizers Market. The NPK compounds & specialty fertilizer market is fueled by the growth in the agriculture sector worldwide. However, the demand for fruits and vegetables later created a demand for increased cultivation. The Powder segment has a higher value than all the other segments. Powdered NPK fertilizers (food-grade) have a longer shelf life than liquid NPK fertilizers (food-grade), and they are also easier to apply and transport. These elements influence the powder segment of NPK fertilizers (food-grade).

Recent Market Developments:

In September 2021, Yara announced the acquisition of Ecolan Oy, a Finnish producer of recycled fertilizers. This is Yara’s first acquisition in the organic fertilizer segment and reflects their commitment to play a bigger role in organic farming and in contributing to the circular economy.

In February 23, 2022, EuroChem Group (hereafter ‘EuroChem’, or ‘the Group’), a leading global fertilizer producer, announces that it has completed the acquisition of the Serra do Salitre phosphate project in Brazil.

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