Global NPK Fertilizers Market Forecast Report by Data Bridge Market Research Off

Posted by Rashi Pande on November 13th, 2019

Global NPK Fertilizers Market By NPK Fertilizers (Feed-grade and Food-grade), Application (Bakery Products, Dairy Products, Meat & Meat Products, and Beverages), Form (Powder, Liquid, and Others), Type (Nitrogen, Phosphorus, Potassium, and Others), Livestock (Ruminants, Poultry, Swine, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global NPK Fertilizers Market

Global NPK fertilizers market  is expected to rise from its initial estimated value by registering a steady CAGR of 3.86% during the forecast period of 2019-2026. This rise in market value can be attributed to the rising consumption of bakery and dairy product from the global consumers.

Market Definition: Global NPK Fertilizers Market

NPK fertilizer is combination of three nutrients such as nitrogen, phosphorus, and potassium. It is used as the fertilizer in the agriculture industry to meet the demand of healthy crops. The fertilizers are widely used in the agriculture industry to assure the healthy growth of plant and are available in the various forms such as gaseous, liquid, and granular form. The fertilizer enhances the nutrient and water use efficiency further reducing the application cost.

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Key Developments in the Market:

• In October, 2019, Acron Group, a mineral fertilizer producer signed supply agreements for 100,000 t of ammonium nitrate and NPK at Golden Autumn Russian agro-industry trade show. Under this agreement company will supply 100,000 t of ammonium nitrate and NPK with Russian regional agricultural producers such as Orel, Bryansk, and Novgorod. The company increased their market share in Russian market
• In February 2017, Deepak Fertilisers & Petrochemicals Corporation Ltd (DFPCL), a producer of NPK fertilisers expanded their business in Indian market. The new plant at Taloja (Maharashtra) is formed to produce NPK fertilisers under the brand named as Mahadhan. The company expanded their production capacity for the Indian market

Competitive Analysis:

Global NPK fertilizers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of NPK fertilizers market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in global NPK fertilizers market are FEECO International, Inc., Borealis AG., Akzo Nobel N.V., Yara, Petrobras, Nutrien Ltd., The Mosaic Company, ICL, EuroChem Group, K+S AKTIENGESELLSCHAFT, PhosAgro, Haifa Group, DFPCL, HELM AG, Helena Agri-Enterprises, LLC, EuroChem Agro GmbH, AgroLiquid., COMPO EXPERT among others.