News Contact Us

Fertilizers Market to see lucrative gains over 2020-2026, Latin America dominated the regional landscape

Author : Ravi Chawat | Published Date : 2020-09-14 

Latin America accounts for a major share of the global fertilizers market and is estimated to grow substantially over 2020-2026, with increasing demand for food in the region. Latin America possesses expansive inadequate cultivable land and sustaining growing population demand for foods adds more stress on the system to produce more crops.

This is resulting in increased demand for organic fertilizers from the region to boost its annual crop yield. Organic fertilizers does not only improves food production rates but also enhances soil fertility. Expansion of croplands along with increased government support towards effective use of fertilizers will positively foster regional fertilizers market growth.

Fertilizers Market growth will be driven by rising awareness pertaining to food security, primarily in emerging economies is resulting in increased consumption of product. As per Food & Agriculture Organization (UN), Asia Pacific region is the largest consumer of fertilizer in the world and relies on imports. On the other hand, West Asia continues to supply an important surplus of phosphate, potash and nitrogen for fertilizers.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4577

The use of fertilizers in agriculture helps replenish nutrients stripped off from the soil by harvested crops. These chemicals also increase biomass in nutrient-deficit soils and encourage the adoption of high-yielding varieties. Global Market Insights, Inc., predicts that global fertilizers market size will be worth over US$230 billion by 2026.

A growing population combined with rising per capita income in these regions is anticipated to further accelerate food demand. In addition, a significant shift in dietary preferences, such as increased consumption of protein and high-nutrition foods, along with lifestyle trends observed in recent years, highlights the need to boost crop production.

The fertilizers market from agriculture industry is slated to witness numerous challenges in the forthcoming years. In addition to population upsurge, several other factors ranging from changing climatic conditions, to urbanization and lack of investment, will make it challenging for the industry to produce enough food.

Growing focus on increasing crop yield, end product quality while maintaining integrity of the land is fueling the demand of high quality fertilizers. Moreover, shifting trends towards organic food production due to consumer preference for chemical free food will favor fertilizers market growth.

Browse More News: 



About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

Paperboard Packaging Market (2020 to 2024) - Growth, Trends and Forecast

Published Date: 2020-09-17         Author: Ravi Chawat

As per a research report by Global Market Insights, Inc., global paperboard packaging market is estimated to $240 billion by 2024. The paperboard packaging market has been segmented into product, raw material and application. The raw material segment includes fresh sources like straw, sugarcane, wo... Read More

Recycled elastomers market from propylene rubber segment to see robust growth till 2025

Published Date: 2020-09-17         Author: Ravi Chawat

Rapid expansion of global road construction activities in developing regions will drive recycled elastomers market forecast over the coming years. This can be mainly attributed to the robust growth of global automotive and transportation sector. Recycled elastomers are predominantly used as an addit... Read More

Escalating demand from cleaning applications in F&B sector to boost secondary alkane sulfonate market size

Published Date: 2020-09-17         Author: Ravi Chawat

The global household detergents industry is poised to experience growth of more than 6% over the coming years. SAS does not only find application in detergent manufacturing but in various industrial applications including textile, paper &pulp, laundry services, and many others. Secondary alkane ... Read More

© 2020 Fractovia. All Rights Reserved