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Global Fertilizer Dispensing Market Research Report - Segmentation By Form (Granules, Liquid, Gaseous, Others), By Crop Type (Horticulture Crops, Cash Crops, Cereals, Turfs and Ornamental Crops, Plantation Crops, Others), and Region - Size, Share, Growth Analysis | Forecast (2023 – 2030)

GLOBAL FERTILIZER DISPENSING MARKET SIZE (2023 - 2030)

In 2022, the Global Fertilizer Dispensing Market was valued at USD 184.6 Million and is projected to reach a market size of USD 244.02 Million by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 3.55%. 

Fertilizer Dispensing market

Industry Overview:

Plant tissues or soil are treated with natural and synthetic fertilisers to supply one or more nutrients that plants need to flourish. Over the projected period, it is anticipated that increased agricultural output and growing demand for improved soil nutrients will further raise fertiliser demand. Farmers should be encouraged to utilise fertilisers more effectively and safely as organic fertilisers become increasingly widespread. There are several problems that the agricultural sector in the world must deal with. By 2050, the world's population will have topped nine billion, according to the UN. This will put a great deal of strain on the agricultural industry, which is already experiencing a loss in output as a consequence of a lack of labourers and the shrinkage of agricultural fields as a result of rising urbanisation. By 2050, the Food and Agriculture Organization projects that more than 70% of people on the planet would reside in urban areas. Due to a global lack of arable land, farmers are being pushed to employ fertilisers to increase their agricultural output.

COVID-19 Impact:

The pandemic's onset has had a substantial impact on the fertiliser business worldwide since the COVID-19 outbreak. Shipments were impacted during the initial lockdown phase as a result of a labour shortage and the closure of a few fertiliser factories that were housed in integrated chemical complexes. China suffered a lot at first because it was the pandemic's epicentre. However, the situation in the nation has stabilised, and all fertiliser production rates have increased. Therefore, a mild overall impact of COVID-19 on the fertiliser.

MARKET DRIVERS

Government initiatives are driving growth in Fertilizer Dispensing Market

Numerous governmental and non-governmental groups are promoting fertiliser use and its beneficial effects on agricultural output throughout the world. It is anticipated that the fertiliser dispensing market will gain from the promotion of fertilisers through radio, television, and rural areas. Additionally, it is anticipated that increased credit availability and rising rural incomes will increase revenue generation. Lack of knowledge about fertiliser use is detrimental to both soil health and human health. In order to increase production, farmers choose to abuse fertilisers, which is bad for the environment. The human body is negatively impacted by the lack of personal safety gear for handling and applying fertilisers.

Decreasing per capita arable land is driving growth in Fertilizer Dispensing Market

Fertilizer Dispensing use in agricultural pursuits like growing fundamental food crops and plants is probably what will drive the fertiliser market. In addition, rising consumption of rice, maize, wheat, millets, paddy, and barley in developed and developing nations would drive the fertiliser dispensing market in the years to come. The use of fertilisers in agricultural areas will be driven by the need to restore vital minerals like nitrogen, phosphorus, and potassium that occur naturally in the soil.

MARKET RESTRAINTS

Cost ineffectiveness is restraining growth in Fertilizer Dispensing Market

Due to the intricate production procedures, they require, speciality fertilisers have a greater cost of production than standard fertilisers. The International Fertilizer Dispensing Association (IFA) estimates that the cost of controlled-release nitrogen, phosphorus, and potassium fertilisers is four to six times more than the cost of standard NPK fertilisers. This is one of the key elements that experts predict would prevent the market from expanding.   

FERTILIZER DISPENSING  MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 - 2030

Base Year

2022

Forecast Period

2023 - 2030

CAGR

3.55%

Segments Covered

By Form , Crop Type, Company,  and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regional Scope

North America, Europe, APAC, Latin America, Middle East & Africa

Key Companies Profiled

 

 

 

This Research report on the global fertlizer dispensing market has been segmented and sub - segmented by form, crop type and region.

Fertilizer Dispensing Market Segmentation - By Form 

  • Granules
  • Liquid
  • Gaseous
  • Others

The market for fertilisers dispensing was dominated by the liquid formulation. The expansion of the liquid formulations market is primarily being driven by its simplicity in application and transportation. Farmers have been using it for a long time since it is safer and easier to handle than dry formulation. owing to a rise in organic farming and an increase in the number of acres using precision irrigation techniques. They can be adjusted to use with hydraulic spraying machines as well as portable sprayers. They dominate the fertilisers dispensing industry since they are generally simpler to handle when fertilising vast regions.

Fertilizer Dispensing market segmentation – By Crop Type

  • Horticulture Crops
  • Cash Crops
  • Cereals
  • Turfs and Ornamental Crops
  • Plantation Crops
  • Others

Due to the widespread cultivation of grains, there is a large demand for insecticides worldwide. Global grain output has been rising, and as a result, it is now more crucial than ever for growers to concentrate on the yield and quality of their crops by employing efficient fertilisers. Due to their high vitamin and mineral content and widespread usage in animal feed, cereals and grains are seeing growth. In order to meet the rising demand for food and the shrinking amount of arable land, fertilisers are becoming more and more popular. In order to achieve no residue crops that meet internationally recognised criteria, farmers have been utilising fertilisers in conjunction with traditional chemicals. During the projected period, this aspect will fuel the market for fertilisers dispensing.

Fertilizer Dispensing market segmentation – By Company

There are numerous well-established and small-sized fertiliser businesses operating in both developed and emerging economies, creating a highly fragmented fertiliser market on a worldwide scale. Due to the importance of fertilisers in boosting agricultural productivity, industry players are forming joint ventures and strategic alliances to broaden their geographic reach and product line. For instance, in 2019, Haifa Group increased the capacity of its French fertiliser production facility by 8,000 MTPA. Using this technique, the company was able to increase its manufacturing capacity by up to 24,000 MTPA. The Vale Cubato Fertilizantes Complex in Brazil was acquired by Yara International ASA for USD 255 million in 2018. As a result of this strategy, the company was able to enhance its nitrogen production assets and market position in the Brazilian fertiliser dispensing industry.

Fertilizer Dispensing market segmentation – By Region

  1. North America

  2. Europe

  3. Asia-Pacific

  4. South America

  5. Middle East and Africa

Over the anticipated period, Asia Pacific will see a 2.5% CAGR and will continue to lead the fertiliser industry. In China, India, Pakistan, Vietnam, and Bangladesh, population growth is predicted to be followed by rising need for improved food production during the next few years. A number of the region's nations export agricultural goods in significant quantities around the globe. Demand for regional goods will also rise as a result of an increase in foreign direct investment and government subsidies in the fertiliser dispensing industry.

NOTABLE HAPPENINGS IN THE FERTILIZER DISPENSING MARKET IN THE RECENT PAST:

  • In September 2021, to grow its organic fertiliser business, Yara purchased Finish Colan. This acquisition demonstrates the company's commitment to playing a larger role in the organic fertiliser industry.

  • In August 2020, to increase maize yields in Western Kenya, Yara East Africa introduced Yara Microp, a micronutrient fertiliser. The product Yara Microp, a combination of nitrogen, phosphorus, ammoniacal nitrogen, sulphur, and zinc, helps maize crops develop more quickly and yield more.

  • In January 2020, in order to deepen its roots in the expanding Brazilian agriculture industry, Nutrien Ltd purchased Agrosema Commerical Agricola Ltd.

Chapter 1. FERTILIZER DISPENSING MARKET – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. FERTILIZER DISPENSING MARKET – Executive Summary

2.1. Market Size & Forecast – (2023 – 2030) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

 2.3.1. Impact during 2023 - 2030

  2.3.2. Impact on Supply – Demand

Chapter 3. FERTILIZER DISPENSING MARKET – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. FERTILIZER DISPENSING MARKET - Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3 Customer Analysis

4.4. Porter's Five Force Model

       4.4.1. Bargaining Power of Suppliers

       4.4.2. Bargaining Powers of Customers

       4.4.3. Threat of New Entrants

       4.4.4. Rivalry among Existing Players

       4.4.5. Threat of Substitutes

Chapter 5. FERTILIZER DISPENSING MARKET - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. FERTILIZER DISPENSING MARKETBy Form

6.1. Granules

6.2. Liquid

6.3. Gaseous

6.4. Others

Chapter 7. FERTILIZER DISPENSING MARKET – By Crop Type

7.1. Horticulture Crops

7.2. Cash Crops

7.3. Cereals

7.4. Turfs and Ornamental Crops

7.5. Plantation Crops

7.6. Others

Chapter 8. FERTILIZER DISPENSING MARKET – By Region

8.1. North America

8.2. Europe

8.3. Asia-P2acific

8.4. Latin America

8.5. The Middle East

8.6. Africa

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