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Global NPK Fertilizers Market By Type (Potassium, Nitrogen, Others), By Application (Dairy Products, Beverages, Others), By Form (Powder, Liquid, Others), By Livestock (Poultry, Swine, Others), By Region, Forecast & Opportunities to 2026

The global NPK fertilizers market accounted for a value of USD 2.0 billion in 2019 and is projected to register growth at a CAGR of 5.2% during forecast period.

COVID-19 has impacted the NPK fertilizers market. However, the NPK fertilizers market is estimated to have minimal impact due to this global pandemic. The travel restrictions, transportation barriers and lockdown have disrupted the supply chain of this market. The operations of companies are running smoothly during this lockdown in many regions as government has provided some relaxation to these industries although there are some delays in import of fertilizers from different regions due to lockdown. The delay in supply has contributed to loss but this temporary and NPK fertilizers market is likely to witness growth during forecast period.

Definition:

NPK fertilizer is consists of three nutrients such as potassium, phosphorous and nitrogen. It is used in agricultural sector as fertilizers which help in growing healthy crops and healthy plants. It is available in various forms such as granular, liquid and gaseous form. It helps in enhancing nutrient efficiency.

Market Dynamics (Drivers/Opportunities):

The consumption of meat and dairy products is increasing around the world. People are consuming dairy products at large scale and the demand for meat and dairy products is increasing around the world rapidly. People are buying more nutritional products due to rise in disposable income of people and this drives growth in NPK fertilizers market during forecast period.

The awareness about healthy lifestyle is increasing and people are adopting more nutritional food. People are consuming good quality of food and the awareness about crop protection is increasing among the farmers and NPK fertilizers provide efficient crop protection. The demand for NPK fertilizers are increasing and this drives growth in NPK fertilizers market during forecast period.

NPK fertilizers allow animals to reach faster growth and this fertilizer increase weight of animals by providing nutritional meals. The growth of animals is important for livestock segment so the adoption of NPK fertilizers are increasing by livestock segment and this drives growth in NPK fertilizers market during forecast period.

Market Insights, by Type

On the basis of type, the NPK fertilizers market is segmented into potassium, nitrogen, phosphorus and others. The phosphorous segment is estimated to be the fastest growing market share during forecast period. The used of phosphorus is increasing rapidly in food industry across the globe. It is considered to be low cost and efficient when compared to others. The increasing demand and adoption of phosphorus drives the growth in this segment during forecast period.

Market Insights, by Form

On the basis of form, the NPK fertilizers market is segmented into powder, liquid and others. The powder segment is estimated to register growth at highest CAGR during forecast period. NPK fertilizers are highly preferred in powdered form. The powdered NPK fertilizers have longer shelf life and it is very efficient. It is convenient to apply and it can be transferred easily one place to other. This increases demand for powdered NPK fertilizers and drives growth in this segment during forecast period.

Market Insights, by Application

On the basis of application, the NPK fertilizers market is segmented into beverages, bakery products, meat & meat products and dairy products. The meat & meat products segment is estimated to be fastest growing segment during forecast period. The consumption of meat and meat products is increasing around the world. Various developing countries such a Brazil, China and India etc are consuming meat and meat products at large scale and this drives growth in meat and meat products market during forecast period.

Regional Insights

Asia-Pacific region is estimated to hold largest market share during forecast period.  The food consumption preference is changing in this region due to increase in urbanization and increase in income level of people. The people in this region are demanding quality processed and packaged food. The land for farming is reducing which leads to high consumption of NPK fertilizers in this region. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in NPK fertilizers industry are Borealis AG, Yara International ASA, Petroleo Brasileiro S.A., Agrium Inc., The Mosaic Company, Israel Chemicals, EuroChem, Potash Corp, K+S Aktiengesellschaft, Alltech, PhosAgro, Haifa Chemicals, Aditya Birla Chemicals and SKW Stickstoffwerke Piesteritz.

Segments Covered in the Report

This report forecasts The Global NPK Fertilizers Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global NPK fertilizers market report on the basis of type, form, livestock and application.

NPK Fertilizers Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. NPK Fertilizers Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Potassium
  • Nitrogen
  • Phosphorus
  • Others
  1. NPK Fertilizers Market, By Form, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Powder
  • Liquid
  • Others
  1. NPK Fertilizers Market, By Livestock, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Poultry
  • Swine
  • Ruminants
  • Others
  1. NPK Fertilizers Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Beverages
  • Bakery Products
  • Meat & Meat Products
  • Dairy Products
  1. NPK Fertilizers Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Form
    • By Livestock
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Form
      • By Livestock
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Form
        • By Livestock
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Form
          • By Livestock
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Form
            • By Livestock
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • SKW Stickstoffwerke Piesteritz
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Borealis AG
    • Yara International ASA
    • Petroleo Brasileiro S.A.
    • Agrium Inc.
    • The Mosaic Company
    • Israel Chemicals
    • EuroChem
    • Potash Corp
    • K+S Aktiengesellschaft
    • Alltech
    • PhosAgro
    • Haifa Chemicals
    • Aditya Birla Chemicals
    • Akzonobel
  2. Appendix
    • Interrelated Market

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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