Nutrein recently stated intentions to ramp up potash production capability to 18 million tonnes by 2025 and plan for roughly USD 2 billion in additional share repurchases in 2022 to enhance fertilizer production.
The Mosaic Company ('Mosaic,' a global manufacturer of advanced crop nutrition products) and Richardson Pioneer, Canada's top agribusiness, recently announced their exclusive multi-year partnership to bring PowerCoat®, a biological fertilizer complements, to Richardson Pioneer crop inputs retail locations across Western Canada. When used with granular fertilizer, PowerCoat maximizes the availability of phosphorus in the soil to plants, improving nutrient usage efficiency.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 329
Published Date: Aug 25, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Government subsidies, surging population attributing for food production and availability in varied forms are some of the major growth factors for the market.
The market size of Chemical Fertilizers is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are The Mosaic Company, Uralkali, Yara International ASA, Haifa Negev technologies LTD, Israel Chemicals Ltd., EuroChem Group, OCP SA, Syngenta Crop Protection AG, K+S Aktiengesellschaft, Seiwa Fertilizer Ind. Co. and others.
The Nitrogen Fertilizers segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.