United States Fertilizers Market to Grow at an Impressive Rate until 2025
Decreasing soil fertility is expected to drive the growth of United States fertilizers market
According
to TechSci Research report, “United States
Fertilizers Market By Type (Straight v/s Complex), By Origin (Organic,
Synthetic, Bio-fertilizer), By Form (Solid v/s Liquid), By Mode of Application
(Foliar Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method,
Others), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial
Crops, Fruits & Vegetables, Other), By Source (Domestic v/s Import), By
Region, Forecast & Opportunities, 2025”, the United States fertilizers market is expected to grow
at an impressive rate during the forecast period on account of the decreasing
arable land available for agriculture. Additionally, growing need to ensure
food safety & security is further expected to propel the market growth
through 2025. Besides, supportive government policies and schemes are further
expected to spur the market growth over the next few years. Furthermore,
technological advancements and new product launches by the major players
operating in the market is expected to create lucrative opportunities for the
market growth through 2025. However, sudden outbreak and spread of pandemic
COVID-19 has led to lockdown and shut down of agricultural and manufacturing
activities, thereby slowing down the market growth in the country. Also,
volatile prices of fertilizers is further expected to hamper the market growth
through 2025. Moreover, growing environmental and health concerns on account of
the excessive use of chemical fertilizers is further expected to restrict the
market growth.
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The United States fertilizers market is segmented based on type, origin,
form, mode of application, crop type, source, application, company and region. Based
on type, the market can be split into straight and complex. The straight type
can further be categorized into nitrogenous, phosphatic, potash, secondary
macronutrient fertilizers, micronutrient fertilizers and others. Among these,
the nitrogenous fertilizers segment is expected to dominate the market through
2025 as it is the most important soil nutrient which promotes plant growth and
metabolism and chlorophyll production. Additionally, this is the most common
nutrient that is deficient in the soil. Based on origin, the market can be
categorized into synthetic, organic and bio-fertilizer. Among these, the organic
and bio-fertilizer segment is expected to witness significant growth in the
market owing to the growing awareness pertaining to environmental issues and
sustainable agriculture. Based on form, the market can be bifurcated into solid
and liquid. The liquid form is expected to dominate the market through 2025
since they get easily absorbed by the plants and are also quite stable. On the
hand, the solid form is expected to grow significantly on account of the
associated benefits such as easy availability, ease of storage and cost
effectiveness.
The Mosaic Company, Nutrien Limited, CF Industries Holdings Inc., Bunge
Limited, Syngenta Corporation, BASF Corporation, Bayer Crop Science, Yara North
America Inc., ICL Fertilizers, Compass Minerals International Inc, AdvanSix
Inc., Archer Daniels Midland Company, Dakota Gasification Company, Intraoceanic
Corporation, Greene County Fertilizer Company and others are some of the
leading players operating in United States fertilizers market. The companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
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“United
States fertilizer market is expected to witness significant growth during the forecast period, owing to the
increasing focus of the farmers on food security. This has led to an increase
in adoption of innovative farming techniques and plant nutrition solutions by
the farmers, while ensuring environmental sustainability. Additionally,
presence of major market players such as Yara International, BASF Corporation,
Bayer Crop Science, among others in the country is expected to create lucrative
opportunities for the market growth through 2025.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research global management
consulting firm.
“United States Fertilizers
Market By Type (Straight v/s Complex), By Origin (Organic, Synthetic,
Bio-fertilizer), By Form (Solid v/s Liquid), By Mode of Application (Foliar
Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method, Others), By
Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops,
Fruits & Vegetables, Other), By Source (Domestic v/s Import), By Region,
Forecast & Opportunities, 2025”,” has evaluated the future growth potential of United
States fertilizers market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in United States fertilizers
market.
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