Market Overview:
The global mineral-based fertilizers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising population, increasing demand for food owing to changing dietary habits, and growing awareness about the benefits of using mineral-based fertilizers. The global mineral-based fertilizers market is segmented on the basis of type into nitrogen type, phosphorus type, potassium type, and compound type. The nitrogen type segment is expected to hold the largest share in terms of revenue in 2018 and is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. This growth can be attributed to its high usage in agriculture applications owing to its ability improve crop yield and quality. The phosphorus type segment held second largest share in terms of revenue in 2017 and is projected grow at a CAGR 6% during the forecast period from 2018to 2030 due increase use by horticulture sector . On basis application , Agriculture accounted for majority share ( more than 60%)of Global Mineral based Fertilizer Market In 2017 And Is Expected To Grow At A Cagr Of 6 % Over Forecast Period .
Product Definition:
A mineral-based fertilizer is a type of fertilizer that contains one or more minerals as its main ingredients. These fertilizers are usually in the form of powders, granules, or pellets. Mineral-based fertilizers are important because they provide essential nutrients to plants that help them grow and thrive.
Nitrogen Type:
Nitrogen (N) is an essential nutrient for plants. It helps in the growth and development of roots, stem and leaves. The amount of nitrogen present in the soil varies according to its availability from natural as well as artificial sources such as urine, sewage water etc.
Nitrogen is available in two forms: Ammonia-based N & Phosphate-based N or P2O5 respectively.
Phosphorus Type:
Phosphorus is a macronutrient, which is essential for plant growth. It plays an important role in the formation of roots and stem tissues. Phosphorus level in the soil can be affected by various factors such as animal waste, phosphate rock mining, and farming practices. phosphorus deficiency symptoms include yellowing of leaves & needles (chlorosis), stems & roots are soft (mycorrhizae), young plants show delayed germination time & growth (tetany).
Application Insights:
The agriculture application segment led the global mineral-based fertilizers market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for agricultural produce across various regions, including Asia Pacific, Europe and Middle East & Africa. Furthermore, rising awareness among farmers regarding crop nutrition is expected to propel product demand in this segment over the coming years.
Agriculture was one of the major applications witnessed by these products as they help enhance soil quality, thereby improving yield productivity across several countries worldwide including U.S., India and China owing to increased use of advanced farming techniques coupled with growing population will further boost product consumption in this sector over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing population, rising food demand, and government initiatives for increasing agricultural output. China is one of the major producers of mineral-based fertilizers owing to its abundant raw material supply coupled with low manufacturing cost as compared to other countries in the world.
Europe accounted for a significant share in terms of revenue and volume due to high demand from agriculture application segment followed by horticulture application segment on account of favorable climatic conditions such as moderate temperatures & rainfall along with rich soil texture that aids plant growth. North America also has a considerable market share owing to high consumption from U.S.
Growth Factors:
- Increasing demand for food owing to population growth and changing dietary habits is expected to drive the mineral-based fertilizers market.
- Rising awareness about the benefits of using mineral-based fertilizers is projected to fuel market growth in the coming years.
- Stringent regulations pertaining to chemical-based fertilizers are likely to create opportunities for mineral-based fertilizers in the near future.
- Growing adoption of organic farming practices is anticipated to boost demand for mineral-based fertilizers over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral-based Fertilizers Market Research Report
By Type
Nitrogen Type, Phosphorus Type, Potassium Type, Compound Type
By Application
Agriculture, Horticulture, Others
By Companies
Haifa Group, Yara International ASA, Nutrien Ltd., The Mosaic Company, Sinochem, Hbyihua, Yuntianhua, Huajinchem, Stanley, Luxichemical, Wengfu, Kingenta, QingHai Salt Lake Industry
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Mineral-based Fertilizers Market Report Segments:
The global Mineral-based Fertilizers market is segmented on the basis of:
Types
Nitrogen Type, Phosphorus Type, Potassium Type, Compound Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agriculture, Horticulture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Haifa Group
- Yara International ASA
- Nutrien Ltd.
- The Mosaic Company
- Sinochem
- Hbyihua
- Yuntianhua
- Huajinchem
- Stanley
- Luxichemical
- Wengfu
- Kingenta
- QingHai Salt Lake Industry
Highlights of The Mineral-based Fertilizers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Nitrogen Type
- Phosphorus Type
- Potassium Type
- Compound Type
- By Application:
- Agriculture
- Horticulture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mineral-based Fertilizers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mineral-based fertilizers are made up of small particles of minerals that are combined with water and other ingredients to create a fertilizer. These fertilizers can be used on plants to help them grow and produce food.
Some of the key players operating in the mineral-based fertilizers market are Haifa Group, Yara International ASA, Nutrien Ltd., The Mosaic Company, Sinochem, Hbyihua, Yuntianhua, Huajinchem, Stanley, Luxichemical, Wengfu, Kingenta, QingHai Salt Lake Industry.
The mineral-based fertilizers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mineral-based Fertilizers Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Mineral-based Fertilizers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Mineral-based Fertilizers Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Mineral-based Fertilizers Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Mineral-based Fertilizers Market Size & Forecast, 2020-2028 4.5.1 Mineral-based Fertilizers Market Size and Y-o-Y Growth 4.5.2 Mineral-based Fertilizers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Nitrogen Type
5.2.2 Phosphorus Type
5.2.3 Potassium Type
5.2.4 Compound Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Agriculture
6.2.2 Horticulture
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mineral-based Fertilizers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mineral-based Fertilizers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Nitrogen Type
9.6.2 Phosphorus Type
9.6.3 Potassium Type
9.6.4 Compound Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Agriculture
9.10.2 Horticulture
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Nitrogen Type
10.6.2 Phosphorus Type
10.6.3 Potassium Type
10.6.4 Compound Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Agriculture
10.10.2 Horticulture
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Nitrogen Type
11.6.2 Phosphorus Type
11.6.3 Potassium Type
11.6.4 Compound Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Agriculture
11.10.2 Horticulture
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Nitrogen Type
12.6.2 Phosphorus Type
12.6.3 Potassium Type
12.6.4 Compound Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Agriculture
12.10.2 Horticulture
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Nitrogen Type
13.6.2 Phosphorus Type
13.6.3 Potassium Type
13.6.4 Compound Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Agriculture
13.10.2 Horticulture
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mineral-based Fertilizers Market: Competitive Dashboard
14.2 Global Mineral-based Fertilizers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haifa Group
14.3.2 Yara International ASA
14.3.3 Nutrien Ltd.
14.3.4 The Mosaic Company
14.3.5 Sinochem
14.3.6 Hbyihua
14.3.7 Yuntianhua
14.3.8 Huajinchem
14.3.9 Stanley
14.3.10 Luxichemical
14.3.11 Wengfu
14.3.12 Kingenta
14.3.13 QingHai Salt Lake Industry