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North America Fertilizer Market Trends, Application and Regional Forecast to 2027

Bharat Book Bureau Provides the Trending Market Research Report on “North America Fertilizer Market Outlook, 2027”under Agriculture Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.

United States of America is the third largest populated country in the world in North America. The population of USA has increased to an alarming level of 330 million in 2020 but North America’s total population increased just by 0.61% in 2021. This large population is driving up the food demand in lieu of which there is a need to increase agriculture productivity. World Bank data states, arable land in the United States is around 11.40% of the total land in 2019. These factors have stimulated the demand for the fertilizers in this region.

According to the research report “North America Fertilizer Market Outlook, 2027" published by Our Research, the fertilizer market is anticipated to grow steadily at a CAGR of 4.26% by 2027. Fertilizers give life nutrients to plants for their overall growth and sustainability. United States of America is the principal market for fertilizers in this region as the arable land is not equivalent to the rising food demand. Less arable land results in repetitive use of fertilizers on same piece of land. Complex fertilizers are expected to be growing in demand by farmers at a rapid rate while nitrogen fertilizer is indispensable fertilizer. The fertilizer raw materials are highly fragmented and unequally found around the world as a result of which the transportation costs are very high.



Wheat is the important grain produced as a staple in diet of North Americans, but lack of arable land results into more use of fertilizers. Other major grains include corn and rice which received the highest percent of fertilizers in 2021. 90% of North Americans do not include the specified amount of fruits & vegetables in their diet, due to more cooking time or high prices or lack of availability, according to a research study of 2021. The readymade fruit beverages or juices that are available easily on the supermarket shelf are the major reason for declining demand for fruits by Millennial’s. However the increasing obesity rate and various health promotions by government is sure to drive the demand for fruits & vegetables thus, driving the fertilizer market in North America region.

Fertilizers are either in dry form or liquid form, out of which the later is expected to rise in demand among farmers in North America. Liquid fertilizer can be used in a variety of forms and has various benefits for the end-users. Some of these are easy to handle, uniform application and easy to blend with soil. It requires less water as compared to the dry fertilizer, which is quite useful for regions facing water shortages.

The pandemic has affected the supply chains that deliver farm production to consumers in North America. Though agriculture was exempted from lockdowns as it is an essential commodity, farmers had to face shortages of agricultural inputs like fertilizers. China being one of the major producers and exporters of nitrogenous fertilizers to the World, there was massive fertilizer paucity owing to transportation. Post pandemic China banned exports of fertilizers, as the prices were skyrocketing in lieu of shortages of fertilizers. As a result of which fertilizer scarcity was created in world market leading the prices to rise significantly just before the sowing period.

The market is slightly consolidated, with major companies accounting for the majority of the market share. Some of the players’ operating in the market is Nutrien Limited, Mosaic Company, Yara International ASA and SQM SA. These companies are focusing on R&D, product launches, along with new innovations and partnerships to increase production of fertilizers.

Major Companies present in the market
The Mosaic Company, Yara International, Nutrien Limited, K+S Aktiengesellschaft, OCP Group, CF Industries Holdings, Sociedad Química y Minera de Chile (SQM), National Fertilizers Limited Coromandel International Limited, EuroChem Group, Wesfarmers, Indian Farmers Fertilizer Co-operative Limited (IFFCO)

Considered in this report
• Geography: Region
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• North America fertilizer market with its value and forecast along with its segments
• Country-wise fertilizer market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• United States of America
• Canada
• Mexico

Types of fertilizer by nutrient in the report
• Nitrogenous fertilizer (Urea, ammonium sulphate, Calcium ammonium nitrate/ ammonium nitrate, others UAN, anhydrous ammonia etc.)
• Phosphate fertilizer (Diammonium phosphate, monoammonium phosphate, others phosphate rock, superphosphates etc.)
• Potash fertilizer (Muriate of potash/potassium chloride, sulphate of potash others potassium nitrate etc.)
• Complex fertilizer (NPK, NK, PK, NP compounds etc.)

By Product type in the report:
• Urea
• Ammonium sulphate
• Calcium ammonium nitrate/ Ammonium nitrate
• Di-ammonium phosphate (DAP)
• Mono-ammonium phosphate (MAP)
• Muriate of potash (MOP)/ (KCl)
• Sulphate of potash (SOP)
• Complex (NPK, NK, PK, NP)

By physical formulation in the report:
• Dry
• Liquid

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Browse our full report with Table of Content :
https://www.bharatbook.com/report/1339654/north-america-fertilizer-...

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