Many farmers across the world are
shifting from chemical fertilizers to organic fertilizers. Organic fertilizers
are carbon-based compounds that increase the productivity and growth quality of
plants. Using organic fertilizers helps ensure food produced from these
fertilizers is non-toxic, safe and environment friendly and also ensures farms
remain fertile for longer periods. Organic fertilizers play an important role
in practicing sustainable organic farming by the farming community.
THE BUSINESS RESEARCH COMPANY EXPECTS
THE GLOBAL FERTILIZER MARKET TO GROW TO $414 BILLION BY 2021
Asia Pacific was the largest region in
the fertilizer market in 2017, accounting for almost half of the market share.
According to The Business Research
Company’s Consultant, Nitin Gianchandani, phosphorus is being recovered from manure
and other sources and made presented as a fertilizer. Phosphorus is a finite
source. Companies are finding ways to reutilize or recollect phosphorus to use
in cultivation. Through anaerobic digestion phosphorus content in plants is
restored.
Yara International Asa was the largest player in the global
fertilizer market in 2017 with revenues of $9 billion for the financial year
2016. Yara international’s growth strategy is to expand its operations
through acquisitions, expansions and reconfigurations at current sites, and
potential greenfield project. In August 2016, Yara International acquired Tata
Chemicals’ urea business in India as part of the company’s growth strategy.
A fertilizer is any material of
natural or synthetic origin that is applied to soils or to plants to supply one
or more plant nutrients essential to the growth of plants. The
fertilizers industry procures raw materials such as rock phosphate, sulfur and
ammonia from mining companies and natural gas from oil and gas companies to
produce fertilizers.
Fertilizer Global Market Report 2018 is
a detailed report giving a unique insight into this market. The report is
priced at $4000 for an individual user. To use across your office, the price is
$6000 and
$8000 if you wish to use across a multinational company.
About
The Business Research Company
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company, market and consumer research.
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have delivered hundreds of research projects to the senior management of some
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