Fertilizers Market By Organic (Blood Meal, Fish Meal, Manure, Granite Meal, Others) By Inorganic (Nitrogen, Potassium, Phosphate, Calcium, Sulfur, Others) By Bio Fertilizers (PSB, Azotobacter, Others) By Type Of Crop-Forecast (2015-2020)

Date: 2016-01

“Fertilizers basically are the products that enhance the levels of available plant nutrients and the chemical and physical characteristics of soil, thereby directly or indirectly improving plant growth, yield, and quality. These are used for providing strength and nutrients to the crops. The fertilizers market has been segmented by type of fertilizers, type of crop and geography exclusively. Based on the types of fertilizers commercially available, the market is categorized in to organic, inorganic and bio fertilizers. Each type varies greatly and the composition is different with different technical specifications. The target crop segment includes wheat, rice, maize, soybean, oil palm, cotton, sugar, fruits & vegetables, others.
Improving the yield of food crops, to meet the demand from increasing population propels the growth of fertilizers market. In such a globalized world, there should be enough food for feeding the increasing population. Hence, there is an upsurge in the demand for improving the yield of crops. This impetus has induced the growth of fertilizers market, which is directly related to the agricultural industry. Demand for fertilizers is also, strongly tied to the population’s income and standard of living. With the increasing per capita income, the standard of living also increases, so does the consumption of food by the people.
Among the eight core industries, fertilizers have seen an increase in the production rate by 12.6%, for the period during April to August, 2015, over the same period in previous year
Organic fertilizers are in burgeoning demand ever since the era of organic agriculture has begun. According to statistics, organic fertilizers market is anticipated to grow multi fold and the main reason accounting for the growth is the increasing demand for healthy foods that are free from any artificial fertilizers or chemicals.
Key players have published some significant patents relating to fertilizers. From the above chart, it is evident that VitAG Corp. published the maximum number of 24 patents from 2010 to 2014. Its portfolio encompasses an extensive range of products and technologies pertaining to f organic as well as inorganic fertilizer products and its manufacturing processes. Jiangsu New Ground Bio-Fertilizer Engineering Center Co., Ltd also has an extensive patent portfolio covering its fertilizers market in the recent past. It has registered a number of patents related to organic fertilizers as compared to inorganic fertilizers from 2010 to 2014. This increase in patents was due to the introduction of newer manufacturing methods and high usage of organic fertilizers. Moreover, advancements and growing investments into the R&D department also owes to new patent registrations.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. The market has been segmented in to four regions North America, Europe, Asia-pacific and Rest of the World. Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The key players profiled in this report include Potash Corporation (Canada), The Mosaic Company (U.S.), Uralkali (Russia), EuroChem Group AG (Switzerland), and CF Industries Holding Inc. (U.S.) and others. The overall fertilizers market is characterized by large number of companies but top ten companies account for 56% market share due to the wide distribution network and brand reputation.

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