Israel Fertilizer Market to be Dominated by Grains & Cereals Segment
Growing demand for agriculturally
based crops and favorable government policies are driving the demand for the Israel
fertilizer market in the forecast period, 2023-2027.
According to TechSci Research
report, “Israel Fertilizer Market-
By Region, Competition Forecast and Opportunities, 2017-2027”, Israel fertilizer market is
anticipated to grow at impressive rate on account of growing climate change and
pollution, soil health, moisture-absorbing capacity, and other necessary
minerals which are degrading the soil quality. Farmer has been growing the same
kind of crops on the same landmass for a long time, which make the soil not
favorable for agricultural activities. Farmers use a fertilizer that retains
soil fertility or properties to fulfill the demand. According to the world bank
report in 2022, the arable land of Israel has grown up to the 28% by 2018 and
more than 4% in the past two years. Fertilizer consumption in the Israel region
was 240 kilograms per hectare in 2018. The demand for food is growing
unexpectedly as the population is growing. Israel is the country that grows
surplus specialty crops and has the opportunity to gather the growing demand of
the people. Thus, the agriculture sector's growth will affect the region's
fertilizer demand. The limited water quota for agriculture and fluctuation of
raw materials prices are other hurdles for the market.
Profit is always a
crucial part of starting and running any business. As per the factor mentioned
above, this sector is the progressive and necessary sector for the survival of
humankind. As agricultural activities grow, the demand for fertilizer will
increase to make crops healthy and nutritious. Hence, during the projected
period, the need for fertilizer is going to rise to retain the properties of
soils. Thus, the abovementioned factors will drive the growth and directly
impact the Israel Fertilizer market.
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Fertilizer Market"
The Israel Fertilizer Market is segmented based on origin, form, mode of
application, crop type, and source.
Based on the
fertilizer origin, the market is divided into Organic, Synthetic, and
Bio-fertilizer. The Biofertilizer segment is expected to hold the largest
market share in 2022. Biofertilizers help increases soil absorptivity, root
expansion, and resistance to fight against erosive forces at an optimum price.
These are why farmers prefer to use biofertilizers and accredit the segment's
dominant share through the forecast period.
Based on the
source type, the market is split into Domestic and Import. As per estimates,
the Import segment is going to experience the highest market share during the
forecast period. Various MOU and collaborations around the world are reasons to
dominate the market.
Based on organic
amendments type, the market is divided into Grains & Cereals, Pulses &
Oilseeds, Commercial Crops, Fruits & Vegetables, and Others. Grains &
Cereals is expected to account for a significant market share over the next
projected years. As there is a large part of shares of agricultural activities going
on in this region available as per the government of Israel. Grains &
Cereals are the main crop to eat that provide nutrients for survival.
Major companies
operating in Israel Fertilizer market are:
- Green Life Energy Company Group
- Israel Chemicals Limited
- Grow Group Israel Limited
- Haifa Negev Technologies Limited
- Israway Trading Company
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"The
Mediterranean coastal plain region is expected to dominate the Israel market in
the coming years due to its sizeable arable land and favorable agriculture
conditions such as canals. Increasing demand for high-quality crops by people
and government initiatives to encourage agriculture will drive impressive
market share in Israel. According to the world bank report in 2022, the arable
land of Israel has grown up to the 28% by 2018 and more than 4% in the past two
years. Therefore, the growing size of the agricultural land led to increasing
agricultural activities in the region. Such a thing can impact the demand for
fertilizer in the area.
The
demand for Imported fertilizer is expected to increase in the project year in
Israel. Trends towards uses of advanced and better treatment product in the
market and investment in R&D by manufacturers & government for creating
a product that can perform well in worst weather is expected to impact market
growth and create favorable conditions to propel the Israel Fertilizer market
growth till 2027.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Israel Fertilizer Market, 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, Competition Forecast and Opportunities, 2027”, has
evaluated the future growth potential of Israel Fertilizer 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 Israel Fertilizer market.
Contact
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