GLOBAL FERTILIZER INDUSTRY:

The Fertilizer Market is expected to increase at a rate of 2.4 percent each year. Fertilizer business expansion is predicted to be fueled by the world’s expanding population and changing food patterns. Fertilizers are synthetic or natural products that are applied to plant tissues or soil in order to provide one or more nutrients that are required for plant growth. It promotes increased crop yields while preserving and boosting soil nutrient availability. Organic fertilizer penetration is expanding, allowing farmers to use fertilizers more safely and efficiently, reducing the danger of exposure to toxic fertilizers. Fertilizers may boost the soil’s inherent fertility or replace the chemical ingredients that earlier crops depleted. Nitrogenous, potash, and phosphate fertilizers are examples of modern fertilizers. Certain “micronutrients,” such as zinc and other metals, are also present in some fertilizers and are required for plant growth. 

Organic and Inorganic Variants These are the most prevalent fertilizer types on the market. Carbon-based agricultural waste, livestock manure, industrial waste, and municipal sludge are used to make organic fertilizers. Inorganic variations, on the other hand, are created utilizing a variety of chemicals and secondary nutrients. They are primarily used to supplement specific nutrients that are deficient in the soil and are a rich source of potassium, nitrogen, phosphorus, and other elements necessary for long-term food production and good crop yields. They also help to keep the soil fertile and increase its water retention ability.

FERTILIZERS INDUSTRY IN INDIA:

India’s fertiliser market is expected to grow at a rate of 11.9 percent each year. India is the world’s second-largest fertiliser consumer, consuming more than 55.0 million metric tonnes per year. Among the different types of fertilisers used in India, urea is one of the most widely used nitrogen sources in the country. The fertiliser industry in India is critical to the agricultural sector’s development. The fact that India’s food industry has set a high standard is largely attributable to the country’s many technically skilled fertiliser producers. India is home to a number of world-class fertiliser firms, both private and government-owned. The various fertiliser firms in India, which produce everything from fertilisers to seeds to fungicides, are a major cause for the sector’s success in India. In India’s fertiliser sector, there are currently more than 57 large and 64 mid and small fertiliser production units. Phosphate-based fertilisers, nitrogenous fertilisers, and complex fertilisers are the major products of India’s fertiliser sector. With its tremendous growth, India’s fertiliser industry is poised to make a long-lasting global impact. 

ASIA-PACIFIC MARKET:

The fertiliser market in Asia-Pacific is the largest, accounting for roughly 60.0 percent of the total market. China is the largest fertiliser consumer in the Asia-Pacific region, accounting for about 53.0 percent of the regional fertiliser market. The largest fertiliser consumers in Asia are South Asia and East Asia. Asia accounts for 60 percent of world nitrogen use, with China accounting for over half of that. Rice is a major nitrogen-consuming crop in Asia. Due to growing concerns about the region’s current fertiliser use pattern, which includes a heavy reliance on nitrogenous fertiliser, poor nutrition management, a lack of complementary inputs, declining soil fertility, and weak marketing and distribution systems, all of these factors have emerged as major roadblocks to improving fertiliser effectiveness. Biofertilizers and micronutrient fertilisers have grown and fueled the fertiliser market in the region as a result of these concerns.

TOP PLAYERS WORLDWIDE:

• Bunge Limited
• CF Industries Holdings
• Fertilizers & Chemicals Travancore Limited.
• Gemlik Fertilizer
• Gübreta
• Haifa Group
• Indian Farmers Fertiliser Cooperative Limited (IFFCO)
• Israel Chemicals Ltd. (ICL)
• Madras Fertilizers Limited.
• National Fertilizers Limited.
• Neyveli Lignite Corporation Limited.
• Nutrien Ltd.
• Paradeep Phosphates Limited.
• Pyrites, Phosphates & Chemicals Limited.
• Rashtriya Chemicals & Fertilizers Limited.
• SQM S.A
• Sumitomo Chemical Co. Ltd.
• Syngenta AG
• Unikeyterra
• Yara International ASA