The current trends of Fertilizer Market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Selbyville, DE -- (SBWire) -- 05/11/2020 --The Fertilizers market is slated to witness numerous challenges in the forthcoming years. In addition to population upsurge, several other factors ranging from changing climatic conditions, to urbanization and lack of investment, will make it challenging for the industry to produce enough food.

Rapid growth in the world population over the decades has been one of the most prominent factors driving the global agriculture industry and consumption of fertilizers market. The demand for food is surging across the globe and presently there could be considerable shortfall between the amount of food produced today and the amount required to feed the global population over the next few decades.

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Top Companies
1. Haifa Group
2. Yara International ASA
3. Nutrien Ltd.
4. The Mosaic Company
5. CF Industries Holdings
6. Bunge Limited
7. Syngenta AG
8. Israel Chemicals Ltd. (ICL)
9. Sumitomo Chemical Co.
10. Indian Farmers Fertiliser Cooperative Limited (IFFCO)
11. SQM S.A.
12. GÜBRETA
13. Gemlik Fertilizer Inc.
14. Unikeyterra

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Growth Drivers are
- Rising food demand
- Growing demand of organic fertilizers
- Emerging water-soluble fertilizer demand

Population growth will remain a key growth driver

Fertilizers market have played and will continue to play a crucial role in high-yield crop production and be the foundation of the science-based agriculture required to feed the ever-increasing global population. Lack of awareness about the proper use of fertilizers may hamper the industry forecast up to certain extent. However, a positive application outlook of organic and water-soluble fertilizers and growing adoption of precision farming techniques will augment global fertilizer market share in the near future.

The use of fertilizers market in agriculture helps replenish nutrients stripped off from the soil by harvested crops. These chemicals also increase biomass in nutrient-deficit soils and encourage the adoption of high-yielding varieties. Global Market Insights, Inc., predicts that global fertilizer market size will be worth over US$230 billion by 2026.

According to the United Nations Food and Agriculture Organization (UN FAO), the world population is projected to exceed 10 billion by 2050, propelling agricultural demand by nearly 50% compared to 2013. It is also estimated that agricultural yield, particularly in emerging economies, would need to almost double.

A growing population combined with rising per capita income in these regions is anticipated to further accelerate food demand. In addition, a significant shift in dietary preferences, such as increased consumption of protein and high-nutrition foods, along with lifestyle trends observed in recent years, highlights the need to boost crop production.

In both developed as well as developing regions, farmers will need to enhance crop yield either by expanding the amount of agricultural land available to grow crops, or by improving productivity on existing farms by using organic fertilizer market, sustainable irrigation practices, and adoption of advanced method such as precision farming and vertical farming.

Organic farming and surging demand for organic fertilizers

The switch to organic farming has given rise to newly-developed organic fertilizers that help minimize the environmental impact of agricultural production and promote soil health. Organic-based fertilizers enable farmers to efficiently replenish soil health and promote high-yield crop production.

Farmers worldwide are switching to organic agricultural practices to keep up with the escalating consumer demand and at the same time promote environmental sustainability. Organic farming methods involve the use of ecofriendly pest control and soil regulation practices, including alternatives to conventional chemical-based fertilizers.

Furthermore, organically managed soils tend to show more active microbial population and higher SOM content, both of which are key signals of soil quality. Organic fertilizers also make crops more drought-resistant by improving the water-storage capacity and water infiltration rates.

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The fertilizer industry outlook displays a stiff competition among several large manufacturers including Haifa Group, Yara International ASA, Nutrien Ltd., The Mosaic Company, CF Industries Holdings, Inc., Bunge Limited, Syngenta AG, Israel Chemicals Ltd. (ICL), Sumitomo Chemical Co., Ltd., Indian Farmers Fertiliser Cooperative Limited (IFFCO), SQM S.A., GÜBRETA, Gemlik Fertilizer Inc., Unikeyterra, Bandrma Gübre Fabrikalar