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North American Fertilizers Market size to reach $27 Bn by 2027

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North American Fertilizers Market size is predicted to cross USD 27 million by 2027, according to a latest forecast report by Graphical Research.

The rising demand for food across the globe owing to the growing world population along with changing food consumption patterns and limited farming is expected to drive the market over the forecast timeframe. According to the U.S. Census Bureau, the world population estimates in June 2019 were 7.5 billion and were expected to reach 9.7 billion by 2050. This trend has showcased higher requirements for food. The growing urbanization coupled with economic growth has showcased changes in the diets of people. Higher meat consumption in North America coupled with a high demand for protein-rich diets require higher grain production to feed animals. To produce one ton of poultry meat around two tons of grain feed is required. Additionally, one ton of pork and beef meat required four and ten tons of grain feed respectively.

Fertilizer enable farmers to grow more food in limited land and provide a considerable return on investment. For instance, with the usage of 192 kg nitrogen per hector, it is possible to produce around 9.3 tons of grains as that of around 2.1 tons of grains without using nitrogen fertilizers. This generated around 790% of return on investment to the farmers, thereby generating higher revenue options.

The ongoing worldwide COVID-19 pandemic has caused ripple effects across the fertilizer supply chain. Socioeconomic effects of the pandemic have been devastating for the people living in low to high income Asian countries. Supply chains can be bifurcated into two major segments: supply side and demand side. COVID-19 has severely shrunken economic output and consumption in top Asian nations. The shortage of funds and limited availability of labor were further affecting capacity utilization during first half of 2020. Product manufacturers faced a major downturn during the initial phase of the pandemic. The demand dropped from end-consumers coupled with the supply chain disruption created further difficulties for industry participants.

Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @

https://www.graphicalresearch.com/industry-insights/1858/north-america-fertilizer-market

Liquid form will witness around 1% CAGR in North America fertilizers industry revenue. Liquid fertilizers have gained significant popularity over the recent years owing to their applications, i.e., these fertilizers can either be foliar applied or ground applied. Additionally, ease of handling, blending, and uniformity during applications make it more suitable for both starter & in-season applications. Liquid fertilizer also uses less water, making it favorable for regions that face frequent water shortages or scarcity. However, high production and distribution costs associated with the product may hinder its market share in the coming years.

The North America fertilizers market based on product is segmented in to inorganic and organic fertilizers. Inorganic fertilizers, such as nitrogen, phosphorus, and potassium-based fertilizers account for more than 95% share by volume and are likely to grow at a significant rate in the near term. This is because inorganic fertilizers are rich in all almost all 3 essential nutrients like N-P-K, which are considered essential for crops and are always ready for immediate supply of nutrients to plants when required. Excessive nutrient content may change soil fertility, which may hamper its growth in the short term. Nevertheless, low logistics cost and immediate availability of key nutrients for the crop will drive inorganic fertilizers growth in the coming years.

Horticulture application holds a fair share of around 40% in North America fertilizers industry. Extensive use of fertilizers to produce various fruits and vegetables through horticulture will surge its demand in the region. Government initiatives and investments to promote horticulture across U.S. will further propel its market size by 2027.

The market for fertilizers in North America research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:

North America Market, By Form

  • Dry
  • Liquid

North America Market, By Product

  • Organic
    • Plant-based fertilizers
    • Animal-based fertilizers
    • Mineral-based fertilizers
  • Inorganic
    •  Nitrogen
      • Urea
      • Anhydrous ammonia
      • Ammonium nitrate
      • UAN solutions
      • Ammonium sulfate
    • Phosphorus
      • Diammonium phosphate
      • Monoammonium phosphate
      • Triple superphosphate
      • Ordinary superphosphate
      • Ammonium polyphosphate
      • Others
    • Potassium
      • Potassium chloride
      • Potassium sulfate
      • Potassium nitrate

North America Market, By Application

  • Agriculture
  • Horticulture
  • Gardening
  • Others

The above information has been provided for the following countries:

  • North America  
    • U.S.
    • Canada