Africa Fertilizers Market Growth, Industry & Revenue [2031]

Africa Fertilizers Market Growth, Industry & Revenue [2031]

Segments - Africa Fertilizers Market by Category (Straight [Nitrogenous, Phosphatic, Potash, Secondary and Micronutrient fertilizers] and Complex Fertilizers), Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Crop Types) and Geography (South Africa, Kenya, Egypt, Morocco, Nigeria and Rest of Africa) - Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-702 | 4.7 Rating | 75 Reviews | 160 Pages | Format : PDF Excel PPT

Report Description


The Africa fertilizers market was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 6.39% during 2023–2031. The growth of the market is attributed to increased private sector involvement, improved regional trade cooperation, and improved infrastructure and transportation arrangements in this region.

Fertilizers refer to chemical substances which are applied on crops to increase their productivity and crop yield. It is the most successful means of improving the quality of food and fodder and increasing crop production. Essential nutrients required by the plants such as potassium, nitrogen and phosphorus for crop production are provided by fertilizers leading to rising demand for fertilizers, which is estimated to drive the market growth during the forecast period.

Fertilizers Market Outlook

Fertilizer consumption is the major component for increasing agriculture production in Africa. The region provides favorable climate conditions with abundance expansion opportunities for the fertilizer market.

The Covid-19 pandemic had an unpleasant impact on the Africa fertilizers. The production has been on halt and both the demand and supply ware affected. The market suffered significant loss; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

  • Rising demand for fertilizers for soil nutrient management, sustainable agriculture development and for increase productivity and crop yield is estimated to drive the market growth in coming years.

  • Rising influence of the private sector, improved regional trade cooperation and improved transport and infrastructure arrangements are creating immense opportunities for the Africa fertilizer market.

  • The regulations imposed by government bodies to improve agricultural productivity, reduce undernourishment of soil are expected to boost the market growth. Furthermore, government is partnering with private companies to drive fertilizer production in the region.

  • Insufficient crop production owing to limited use of fertilizers and lack of access to modern mechanization are projected to restrict the market expansion.

  • Consumption of contaminated crops or groundwater with a high concentration of nitrate has negative effects on human health and is anticipated to hinder the demand for inorganic fertilizers

  • R&D investment and technological advancement in Africa fertilizers market are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the Africa Fertilizers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Fertilizers Market - Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Category (Straight [Nitrogenous, Phosphatic, Potash, Secondary and Micronutrient Fertilizers] and Complex Fertilizers) Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Crop Types)

Regional Scope

South Africa, Kenya, Egypt, Morocco, Nigeria and Rest of Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Yara International ASA, Israel Chemicals Ltd, Haifa Group, Groupe OCP and Omnia Holdings Limited


Market Segment insights

The complex fertilizers segment is projected to constitute a large market share

Based on category, the Africa Fertilizers market is segregated into straight and complex fertilizer, the complex fertilizer is further sub-divided into nitrogenous, phosphatic, potash, secondary and micronutrient fertilizers.

The complex fertilizer segment is expected to account for a key share of the market during the forecast period owing to its speedy response and its versatile applications over its competitors. These nutrient-rich salts provide vital nutrients to the plant in the form of potassium, nitrogen and phosphorus; it further improves quality of crops along with rise in production.

Grains and cereals segment is expected to register a substantial CAGR

Based on crop type, the Africa Fertilizers market is divided into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and other crop types. The grains and cereals segment accounts for a key share of the market and is estimated to propel even further over the forecast period because grains and cereals are the foremost source of proteins and calories. According to the Food and Agriculture Organization (FAO), the production of cereals in 2018 was 38 million tons which contains wheat of 21.3 million tons, grains of 13.9 million tons and rise with 4.1 million tons.

Fertilizers Market Crop Type

Rest of Africa is expected to dominate the market

In terms of regions, the market is broadly classified as South Africa, Kenya, Egypt, Morocco, Nigeria and Rest of Africa. Rest of Africa is anticipated to expand at a robust CAGR during the forecast period. The Sub-Saharan Africa region comprises of approximately 20.0% of global agricultural land.

The regulations imposed by government bodies to improve agricultural productivity and reduce undernourishment of soil are expected to boost the market growth in this region. Furthermore, government is partnering with private companies to drive fertilizer production in the region. These features are anticipated to boost the market growth over the coming years.

Segments

The Africa Fertilizers market has been segmented on the basis of:-

Category

  • Straight Fertilizers
    • Nitrogenous
    • Phosphatic
    • Potash
    • Secondary
    • Micronutrient fertilizers
  • Complex Fertilizers

Crop type

  • Grains and Cereals
  • Pulses and Oilseeds
  • Commercial Crops
  • Fruits and Vegetables
  • Others

Regions

  • South Africa
  • Kenya
  • Egypt
  • Morocco
  • Nigeria
  • Rest of Africa

Key Companies

  • Yara International ASA
  • Israel Chemicals Ltd
  • Haifa Group
  • Groupe OCP
  • Omnia Holdings Limited

Competitive Landscape

Key players competing in the Africa Fertilizers market include Yara International ASA, Israel Chemicals Ltd, Haifa Group, Groupe OCP and Omnia Holdings Limited.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instances,

  • In July 2018, Haifa Group launched a new Multicote Micro to provide balanced, complete nutrition to plant throughout the lifecycle. The product has been launched across the globe including Africa.

  • In February 2017, Yara developed a liquid fertilizer plant in Malmesbury, South Africa, worth USD 2.3 million. This investment, lead to expansion of production capacity to achieve the agricultural potential of South Africa and become the leading crop nutrition company in the country.

Fertilizers Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fertilizers Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fertilizers Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fertilizers Market - Supply Chain
  4.5. Global Fertilizers Market Forecast
     4.5.1. Fertilizers Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fertilizers Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Fertilizers Market Absolute $ Opportunity
5. Global Fertilizers Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Fertilizers Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Fertilizers Demand Share Forecast, 2019-2026
6. North America Fertilizers Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Fertilizers Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Fertilizers Demand Share Forecast, 2019-2026
7. Latin America Fertilizers Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Fertilizers Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Fertilizers Demand Share Forecast, 2019-2026
8. Europe Fertilizers Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Fertilizers Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Fertilizers Demand Share Forecast, 2019-2026
9. Asia Pacific Fertilizers Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Fertilizers Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Fertilizers Demand Share Forecast, 2019-2026
10. Middle East & Africa Fertilizers Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Fertilizers Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Fertilizers Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Fertilizers Market: Market Share Analysis
  11.2. Fertilizers Distributors and Customers
  11.3. Fertilizers Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Yara International ASA
     11.4.2. Israel Chemicals Ltd
     11.4.3. Haifa Group
     11.4.4. Groupe OCP
     11.4.5. Omnia Holdings Limited

Methodology

Our Clients

FedEx Logistics
sinopec
The John Holland Group
General Electric
General Mills
Nestle SA
Dassault Aviation
Pfizer