The key players in the NPK fertilizer market include Acron, Azomures, CGC, Euro Chem., Helena Chem., Helm AG, ICL, IFFCO, Kingenta, NPK Expert, Phosagro, Rossosh, Uralchem, Yara and ZAT among others.
Growing demand for high efficiency fertilizers with rapid adoption of precise farming is driving the market growth. Advantages such as ease of use and superior crop protection offered by NPK fertilizer are also accelerating its demand. Growing global population resulting into higher demand of food is driving the growth of NPK fertilizers. Despite of this, issues in life cycle, low awareness among farmers and stringent regulation imposed on production of NPK fertilizers may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of NPK fertilizer.
The broad NPK fertilizer market has been sub-grouped into type and application. the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for NPK fertilizer in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Type
- Chlorine Based Compound Fertilizer
- Sulfur Based Compound Fertilizer
- Nitro Based Compound Fertilizer
- Urea Based Compound Fertilizer
By Application
- Wheat
- Rice
- Maize
- Fruits & Vegetable
- Others
Source: https://www.valuemarketresearch.com/report/npk-fertilizer-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.