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NPK Fertilizers (feed-grade and food-grade) Market

NPK-Fertilizer-640x405 NPK Fertilizers (feed-grade and food-grade) Market

The NPK fertilizers (food-grade) market is estimated to be valued at USD 2.4 billion in 2018 and is projected to reach USD 2.9 billion by 2023, at a CAGR of 4.0% during the forecast period. Rise in consumption of meat & dairy products due to rising disposable income and focus on nutrition is expected to drive the NPK fertilizers (food-grade) market. The market for NPK fertilizers (feed-grade) is estimated to be valued at USD 5.4 billion in 2018 and is projected to reach USD 6.6 billion by 2023, at a CAGR of 4.1% from 2018. These feed-grade fertilizers help animals attain faster growth and increase their weight by providing added nutrition to their meals.

npk-fertilizers-market NPK Fertilizers (feed-grade and food-grade) Market

By type, phosphorus is expected to be the largest contributor in the NPK fertilizers (food-grade) market during the forecast period

The NPK fertilizers (food-grade) market, based on type, has been segmented into phosphorus, nitrogen, potassium, and others. The phosphorus segment is estimated to dominate the market in 2018 and is also projected to be the fastest-growing segment during the forecast period. The usage of phosphate in the food industry is increasing due to its lower price compared to traditional food additives.

By form, powder form accounts for the largest market in the NPK fertilizers (food-grade) market during the forecast period

The NPK fertilizers (food-grade) market, by form, has been segmented into powder, liquid, and others. The market is estimated to be dominated by the powder segment in 2018 and is also projected to grow at the highest CAGR. Powdered NPK fertilizers (food-grade) have a longer shelf life compared to liquid NPK fertilizers (food-grade)and are also convenient to apply and transport. These factors drive the powder segment of NPK fertilizers (food-grade).

By application, meat and meat products are expected to grow at the fastest rate during the forecast period.

Based on application, the NPK fertilizers (food-grade) market is segmented into dairy products, bakery products, meat & meat products, and beverages. The meat & meat products segment is estimated to dominate the market in 2018 owing to the increasing demand for processed and packed meat around the world, especially from developing countries such as India, China, and Brazil.

npk-fertilizers-market1 NPK Fertilizers (feed-grade and food-grade) Market

Asia Pacific is expected to account for the largest market size during the forecast period

The market in Asia Pacific is growing due to changing food consumption patterns owing to the rising consumer income and urbanization, especially in South Asian countries. Further, growth can be attributed to the increasing demand for quality processed and packed food in the region due to increasing disposable income along with growing per capita income in most countries in the region. Skepticism associated with the use of NPK fertilizers (feed-grade and food-grade) is the major restraint for the growth of this market.

Key Market Players

The global market for NPK fertilizers (feed-grade and food-grade) is dominated by large-scale players such as Borealis AG (Austria), AkzoNobel (Netherlands), Yara International ASA (Norway), Petróleo Brasileiro S.A. (Brazil), and Agrium Inc. (Canada). Furthermore, The Mosaic Company (US), Israel Chemicals Ltd. (Israel), EuroChem (Switzerland), PotashCorp (Canda), K+S AKTIENGESELLSCHAFT (Germany), Alltech (US), PhosAgro (Russia), Haifa Chemicals (Israel), Aditya Birla Chemicals (India), and SKW Stickstoffwerke Piesteritz (Germany) are the other players that hold a significant share in the NPK fertilizers (feed-grade and food-grade) market.

Scope of the Report

Report Metric

Details

Market size available for years

2016-2023

Base year considered

2017

Forecast period

2018-2023

Forecast units

Value(USD) and Volume(KT)

Segments covered

Type, Application, Form, Livestock, and Region

Geographies covered

North America, APAC, Europe, South America, and RoW (Rest of the World)

Companies covered

Haifa Chemicals (Israel), Aditya Birla Chemicals (India), AkzoNobel (Netherlands), PhosAgro (Russia).

This research report categorizes the NPK fertilizers (food-grade) market based on type, form, application, and region.

Based on type, the market has been segmented as follows

  • Phosphorus
  • Nitrogen
  • Potassium
  • Others (secondary nutrients and micronutrient)

Based on form, the market has been segmented as follows

  • Powder
  • Liquid
  • Others (crystals, prills, and pellets)

Based on application, the market has been segmented as follows

  • Dairy products
  • Meat & meat products
  • Bakery products
  • Beverages

Based on the region, the market has been segmented as follows

  • North America
  • Europe
  • Asia Pacific
  • South America
  • RoW (Rest of the World)

This research report also categorizes the NPK fertilizers (feed-grade) market based on type, application, and region.

Based on type, the market has been segmented as follows

  • Phosphorus
  • Nitrogen
  • Potassium
  • Others (secondary nutrients and micronutrient)

Based on livestock, the market has been segmented as follows

  • Ruminants
  • Swine
  • Poultry
  • Others (pets, equine, and aquatic animals)

Based on the region, the market has been segmented as follows

  • North America
  • Europe
  • Asia Pacific
  • South America
  • RoW (Rest of the World)

Recent Developments:

  • In January 2018, Yara Fertilizers India acquired the complete business of Tata Chemicals’ urea fertilizers business in India. With this acquisition, Yara gains a significant position in North India with access to a strong network of 650-700 dealers. It will enable the company to provide enhanced crop nutrition solutions to farmers, he said in a statement.
  • In January 2018, The Mosaic Company acquired Vale Fertilizers, a Brazilian fertilizer company. Through the transaction, Mosaic also will buy the Kronau potash project in Canada and Vale Fetilizantes’ 40% stake in the Miski Mayo phosphate mine in Peru
  • In August 2017, EuroChem Group AG announced the acquisition of Emerger Fertilizantes SA, a privately-owned distributor of premium and standard fertilizers in Argentina. This acquisition will further strengthen EuroChem’s footprint in Latin America, which is an important region currently accounting for 11% of the Group’s fertilizer sales.

Key Questions addressed by the report

  • Where are the industry players positioned in the industry in terms of the micro quadrants?
  • What are the major industry applications for the NPK fertilizers (food-grade)market?
  • Which are the major factors expected to drive the market in the near future?
  • Which region would offer a higher growth for the players in the market?
  • Which type would see the largest market share in the market?

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Διαβάστε επίσης

Διατήρηση του αφορολόγητου στα σημερινά επίπεδα και μείωση του συντελεστή για τα εισοδήματα φυσικών προσώπων έως 10.000 ευρώ στο 9% εξήγγειλε, μεταξύ άλλων, από το βήμα της ΔΕΘ ο πρωθυπουργός, Κυριάκος Μητσοτάκης, με τις αλλαγές να ισχύουν από το επόμενο φορολογικό έτος.

Με καθυστέρηση από 10 έως 15 ημέρες, η ιταλική συγκομιδή σταφυλιών μόλις ξεκινάει. Το 15% της συγκομιδής θα συγκομισθεί στις αρχές Σεπτεμβρίου, έναντι 40% την ίδια περίοδο πριν από δύο χρόνια. Δυσμενής καθ 'όλη τη διάρκεια της αμπελουργικής περιόδου, ο καιρός έχει μειώσει σημαντικά το παραγωγικό δυναμικό της ιταλικής βιομηχανίας οίνου, η οποία όμως είναι στην ευχάριστη θέση να διατηρεί την παγκόσμια ηγεσία της.

Μια εκτενής έκθεση του JRC, κόμβου έρευνας της Ευρωπαϊκής Ένωσης, αναφέρεται στις σύγχρονες τεχνολογίες εφαρμογής γεωργίας ακριβείας στο χωράφι και στο πώς αυτές μπορούν να συμβάλουν στη μείωση του κόστους, στην αύξηση της παραγωγής, αλλά και στη συγκράτηση των εκπομπών αερίων του θερμοκηπίου.

Πήρε ΦΕΚ την 1η Απριλίου η τροποποίηση και συμπλήρωση της απόφασης για τον προϋπολογισμό της συνδεδεμένης ενίσχυσης στο αιγοπρόβειο κρέας για τα έτη 2017, 2018, 2019 και 2020.

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