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North America Fertilizer Market Forecast 2027 By Form (Dry, Liquid), By Application (Agriculture, Horticulture, Gardening), By Product (Organic, Inorganic), Research Report, Country Outlook, (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: June 2021 | Publisher: Graphical Research Report ID: GR1858 | Delivery : PDF  Request Free Sample

North America Fertilizer Market size exceeded USD 23.7 million in 2020 and is poised to witness over 1.5% CAGR from 2021 to 2027. The growing demand for sustainable agricultural practices will accelerate the market growth.

North America Fertilizer Market

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Fertilizers are natural or chemical substance which works to aid growth and nourishment in plant when added to the soil. The escalating population as well as the growing demand for food will drive the North America fertilizer market expansion. Fertilizers provide several advantages that include higher crop production in limited areas along with improving soil nutrient availability. The development of advanced product portfolio such as water-soluble fertilizers has enabled farmers to use fertilizers more efficiently, minimizing the risks of excess usage of fertilizers. Several industry participants are focused on expanding its regional reach with the establishment of new sales & marketing facilities across the globe.

The COVID-19 pandemic has moderately impacted North America fertilizer market landscape. Quarantine and lockdown measures applied to combat the COVID-19 pandemic have limited the production and supply of the product thereby affecting crop production activities. Producers are resolving the challenges caused by the pandemic and adapting to the changing dynamics of the sector. The most severe impact was on the demand for end-use products, limiting the market opportunities for fertilizer producers.

North America Market, By Form

North America Fertilizer Market, By Form

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The dry product segment accounted for over 85% volume share in 2020 owing to its easy storage and slow-release rate that help in feeding crops longer in the season. These fertilizers can also form various blends through process of mixing varied granular fertilizers in different proportions and a proper ratio to create the required blends. Dry fertilizers are superiorly efficient especially for applications in heavy pre-plant as they also offer slow-release variants aiding to feed crops longer in some seasons. However, high salt content and nonuniform nutrients composition and can burn up leaves and restrict nutrient flow.

North America Market, By Product

North America Fertilizer Market

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Organic fertilizers will observe growth rate of more than 5% during the forecast period due to the shifting focus toward organic farming that not only helps to reduce pollution and soil erosion but also conserves water and increases the soil fertility. Organic fertilizers are made from materials derived from living things. Thus, organic fertilizers can be conveniently made at home or are commonly available in markets as well. Further, renewable, biodegradable, and environmentally friendly nature of these fertilizers will boost the segment penetration.

North America Market, By Application

The agricultural sector held around 45% North America fertilizer market share in 2020. This is attributed to the use of fertilizers to replace the nutrients that crops remove from the soil. These nutrients help plants to grow and hence are widely used for agricultural productivity across worldwide. In addition to this, fertilizers also find wide applications in horticultural, gardening, and other applications, which mainly include nurseries, golf courses, grounds, etc.

Rapidly growing population and increase in exports has led to rise in food production in North America. Furthermore, prevailing organic and permaculture in the region has resulted in decreasing arable land that has eventually raised concerns for the government to meet growing food demand by using fertilizers.

Competitive Industry Landscape

Prominent companies in the North America fertilizer market include Scotts Miracle-Gro Company, Sigma Agrisciene LLC, California Organic Fertilizers, CF Industries, BASF SE, Yara International, The Mosaic Company, Trammo, Terra Nitrogen Company, and Agrium.
 

Frequently Asked Question(FAQ) :

The market size for fertilizer in North America had surpassed USD 23.7 million in 2020 and will observe a CAGR of over 1.5% through 2027 with rising demand for sustainable agricultural practices.
Dry product segment had held over 85% share of North America fertilizer segment in 2020 on account of increasing product demand driven by ease of storage and slow-release rate that help in feeding crops longer in the season.
Organic fertilizers segment will record a CAGR of over 5% through 2027 with growing interest in organic farming that helps in reducing pollution, soil erosion and improves soil fertility.
Agricultural segment had captured around 45% of market share in 2020 owing to increasing product usage to replace the nutrients that crops remove from the soil.

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