NPK fertilizers Market by Application, Form, Type, and Region - 2023 - PowerPoint PPT Presentation

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NPK fertilizers Market by Application, Form, Type, and Region - 2023

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The NPK fertilizers (food-grade) market is estimated to be valued at USD 2.4 billion in 2018 and is projected to reach USD 2.9 billion by 2023, at a CAGR of 4.0% during the forecast period. Rise in consumption of meat & dairy products due to rising disposable income and focus on nutrition is expected to drive the NPK fertilizers (food-grade) market. – PowerPoint PPT presentation

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Title: NPK fertilizers Market by Application, Form, Type, and Region - 2023


1
MarketsandMarkets Presents
NPK Fertilizers Market - Forecast to 2023
https//www.marketsandmarkets.com/Market-Reports/n
pk-fertilizers-market-197135673.html
2
The report "NPK fertilizers (feed-grade and
food-grade) Market by Application (Bakery
Products, Meat Meat Products, Dairy Products,
and Beverages), Form (Powder, Liquid, and
Others), Type (Nitrogen, Phosphorus, Potassium,
and Others), and Region-Global Forecast to
2023" The NPK fertilizers (food-grade) market is
estimated to be valued at USD 2.4 billion in 2018
and is projected to reach USD 2.9 billion by
2023, at a CAGR of 4.0. The market is driven by
the rise in consumption of meat dairy products
and increasing awareness about the quality of
food products Asia Pacific is projected to be
the fastest-growing market during the forecast
period The Asia Pacific market is expected to
grow at the highest CAGR from 2018 to 2023. The
high growth is attributed to the changing food
consumption patterns owing to rising income and
urbanization, especially in South Asian
countries. Further, growth can be attributed to
the increasing urbanization in the region,
resulting in a growing demand for food security
and quality food. The global market for NPK
fertilizers (feed-grade and food-grade) is
dominated by large-scale players such as Borealis
AG (Austria), AkzoNobel (Netherlands), Yara
International ASA (Norway), Petróleo Brasileiro
S.A. (Brazil), and Agrium Inc. (Canada).
Furthermore, The Mosaic Company (US), Israel
Chemicals Ltd. (Israel), EuroChem (Switzerland),
PotashCorp (Canda), Alltech (US), PhosAgro
(Russia), Haifa Chemicals (Israel), and SKW
Stickstoffwerke Piesteritz (Germany) are the
other players that hold a significant share in
the NPK fertilizers (feed-grade and food-grade)
market. Download PDF Brochure
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id197135673
3
  • Report Objectives
  • Determining and projecting the size of the NPK
    fertilizers (food-grade) market with respect to
    type, form, application, and regional markets,
    over five years ranging from 2018 to 2023
  • Determining and projecting the size of the NPK
    fertilizers (feed-grade) market with respect to
    type, livestock, and regional markets, over five
    years ranging from 2018 to 2023
  • Identifying attractive opportunities in the
    market by determining the largest and
    fastest-growing segments across regions
  • Analyzing the segments and subsegments of the
    global NPK fertilizers (feed-grade and
    food-grade) market included in the report with
    respect to individual growth trends, prospects,
    and their contribution to the global market
  • Identifying and profiling the key players in the
    NPK fertilizers (feed-grade and food-grade)
    market
  • Determining the market ranking of the key players
    operating in the NPK fertilizers (feed-grade and
    food-grade) market
  • Understanding the competitive landscape and
    identifying the major growth strategies adopted
    by the players across the key regions
  • Analyzing the market dynamics and competitive
    situations trends across regions and their
    impact on prominent market players
  • Make an Inquiry https//www.marketsandmarkets.com
    /Enquiry_Before_BuyingNew.asp?id197135673

4
By type, phosphorus is expected to be the largest
contributor in the NPK fertilizers (food-grade)
market during the forecast period The NPK
fertilizers (food-grade) market, based on type,
has been segmented into phosphorus, nitrogen,
potassium, and others. The phosphorus segment is
estimated to dominate the market in 2018 and is
also projected to be the fastest-growing segment
during the forecast period. The usage of
phosphate in the food industry is increasing due
to its lower price compared to traditional food
additives. By form, powder form accounts for the
largest market in the NPK fertilizers
(food-grade) market during the forecast
period The NPK fertilizers (food-grade) market,
by form, has been segmented into powder, liquid,
and others. The market is estimated to be
dominated by the powder segment in 2018 and is
also projected to grow at the highest CAGR.
Powdered NPK fertilizers (food-grade) have a
longer shelf life compared to liquid NPK
fertilizers (food-grade)and are also convenient
to apply and transport. By application, meat
and meat products are expected to grow at the
fastest rate during the forecast period. Based
on application, the NPK fertilizers (food-grade)
market is segmented into dairy products, bakery
products, meat meat products, and beverages.
The meat meat products segment is estimated to
dominate the market in 2018 owing to the
increasing demand for processed and packed meat
around the world, especially from developing
countries such as India, China, and
Brazil. Request Sample https//www.marketsandmark
ets.com/requestsampleNew.asp?id197135673  
5
  • Recent Developments
  • In January 2018, Yara Fertilizers India acquired
    the complete business of Tata Chemicals urea
    fertilizers business in India. With this
    acquisition, Yara gains a significant position in
    North India with access to a strong network of
    650-700 dealers. It will enable the company to
    provide enhanced crop nutrition solutions to
    farmers, he said in a statement.
  • In January 2018, The Mosaic Company acquired Vale
    Fertilizers, a Brazilian fertilizer company.
    Through the transaction, Mosaic also will buy the
    Kronau potash project in Canada and Vale
    Fetilizantes 40 stake in the Miski Mayo
    phosphate mine in Peru
  • In August 2017, EuroChem Group AG announced the
    acquisition of Emerger Fertilizantes SA, a
    privately-owned distributor of premium and
    standard fertilizers in Argentina. This
    acquisition will further strengthen EuroChems
    footprint in Latin America, which is an important
    region currently accounting for 11 of the
    Groups fertilizer sales.
  • Key Questions addressed by the report
  • Where are the industry players positioned in the
    industry in terms of the micro quadrants?
  • What are the major industry applications for the
    NPK fertilizers (food-grade)market?
  • Which are the major factors expected to drive the
    market in the near future?
  • Which region would offer a higher growth for the
    players in the market?
  • Which type would see the largest market share in
    the market?
  • Speak to Analyst https//www.marketsandmarkets.co
    m/speaktoanalystNew.asp?id197135673

6
Contact Us
Contact Mr. Shelly Singh MarketsandMarkets
INC.  630 Dundee Road  Suite 430  Northbrook, IL
60062  USA 1-888-600-6441  Email
sales_at_marketsandmarkets.com Blog _at_
https//mnmblog.org/market-research/agriculture Co
nnect with us on LinkedIn _at_ http//www.linkedin.co
m/company/marketsandmarkets
7
About MarketsandMarkets
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research on 30,000 high growth niche
opportunities/threats which will impact 70 to
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servicing 7500 customers worldwide including 80
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MarketsandMarkets now coming up with 1,500
MicroQuadrants (Positioning top players across
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