South America Fertilizers Market Size, Share, Growth | 2031

South America Fertilizers Market Size, Share, Growth | 2031

Segments - South America Fertilizers Market by Types (Straight Fertilizers and Complex Fertilizers), Crop types (Grains, and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other Crop Types), and Geography (Argentina, Brazil, Chile, Colombia, and Rest of South America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

https://growthmarketreports.com/Riddhesh
Author : Riddhesh Dani
https://growthmarketreports.com/Harneet
Fact-checked by : Harneet Meher
https://growthmarketreports.com/Shruti
Editor : Shruti Bhat

Upcoming | Report ID :MC-1489 | 4.5 Rating | 78 Reviews | 176 Pages | Format : PDF Excel PPT

Report Description


South America Fertilizers Market Outlook 2031

The South America fertilizers market size was USD 12.86 Billion in 2022 and is projected to reach USD 23.88 Billion by 2031 register a substantial CAGR of 7.12% during the forecast period, 2023–2031. Growth of the market is attributed to fertilizer applications in agricultural operations, such as cultivating plants and basic food crops.

A fertilizer is natural or manufactured substance that is applied to soil or plant tissues to provide nutrients to the plants. Liming materials and other non-nutrient soil additions are not necessarily fertilizers. Fertilizer comes in a variety of forms, both natural and man-made.

South America Fertilizers Market Outlook

Fertilization in most current agricultural techniques relies on three primary macro nutrients: nitrogen (N), phosphorus (P), and potassium (K), with the addition of micronutrient supplements such as rock dust. Farmers use a number of methods to apply fertilizers, including dry, pelletized, and liquid application procedures, as well as big agricultural equipment and hand-tool approaches.

A fertilizer, according to the international fertilizer association, is "any solid, liquid, or gaseous substance containing one or more plant nutrients in a known amount and applied to the soil, directly on plants, or added to aqueous solutions to maintain soil fertility, improve crop development, yield, and/or crop quality."

  • Increased farmland assures steady need for fertilizers is expected to fuel the market expansion during the forecast period.
  • Rapid growth of the industry is major factor propelling the market in the coming years.
  • Rapid urbanization is anticipated to impede the market growth.
  • Limited adoption of controlled-release technology act as key challenge that can hinder the market growth during the forecast period.
  • Increase in investment in agricultural sector is estimated to offer lucrative opportunities for the market players.

Scope of The South America Fertilizers Market Report

The report on the South America 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 - South America Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Type (Straight Fertilizers and Complex Fertilizers), Crop type (Grains, and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other Crop Types)

Geographical Scope

Argentina, Brazil, Chile, Colombia, and Rest of South America

Report Coverage

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

Key Players Covered in the Report

Nutrien Limited, K+S AG, The Mosaic Company, Yara International, and CF Industries.

South America Fertilizers Market Segment Insights

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

On the basis of types, the South America fertilizers market is bifurcated into straight fertilizers and complex fertilizers. The complex segment is expected to represent a key share of the market during the forecast period. Complex fertilizers are available in a variety of colors, depending on the selection. The term NPK complex fertilizer refers to a fertilizer that comprises three nutrients: nitrogen (N), phosphorus (P), and potassium (K).

NITROGEN (N): Contributes to the plant's development by supplying nitrogen to the soil. PHOSPHORUS (P): Phosphorus is required for root development as well as the ripening process. It is found in all of a plant's cells, which explains why it's so important to the plant's metabolism. The amount of phosphorus is measured as P2O5.

It ensures a even distribution of nutrients on the ground; It is simple and cost-effective to apply because the same amount of nutrients requires 2/3 the effort to apply in the soil. It improves fertilizer effectiveness by allowing more fertilizing components to be supplied at the same time (nitrogen, phosphorus, potassium).

South America Fertilizers Market Types

The grains and cereals segment is expected to grow at a rapid pace

On the basis of crop types, the South America fertilizers market is divided into grains, and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, other crop types. The grains and cereals segment is expected to represent a key share of the market during the forecast period. With the rise in cereal production and consumption, it is becoming necessary for growers to focus on yield and quality by utilizing efficient fertilizers.

Increased need for fertilizers has resulted in increased food demand and a decrease in arable land, in order to fulfill the demand and minimize food shortages. As a result, farmers have started using fertilizers in conjunction with traditional chemicals, which has aided them in producing residue-free crops that meet international requirements.

South America Fertilizers Market Crop Types

Brazil is expected to dominate the market

On the basis of geography, the South America fertilizers market is classified as Argentina, Brazil, Chile, Colombia, and Rest of South America. The market in Brazil is anticipated to expand at a high CAGR during the forecast period. The amount of plant nutrients consumed per unit of arable land is measured by fertilizer usage. Brazil accounts for 66% of total domestically used fertilizer in South America and it is continuing to expand its crop-growing areas.

As a result, fertilizer consumption has grown in recent years. In 2017, Brazil utilized 5.1 million metric tons of nitrogen fertilizer, up from 4.4 million metric tons the previous year (FAO). Due to increased soybean growth in Brazil, potassium is the rapid growing fertilizer sector.

Segments


The South America fertilizers market has been segmented on the basis of

Types

  • Straight Fertilizers
  • Complex Fertilizers

Crop Types

  • Grains and Cereals
  • Pulses and Oilseeds
  • Commercial Crops
  • Fruits and Vegetables
  • Other Crop Types

Geography

  • Argentina
  • Brazil
  • Chile
  • Colombia
  • Rest of South America

Key Players

Competitive Landscape

Key players competing in the South America fertilizers market include Nutrien Limited, K+S AG, The Mosaic Company, Yara International, and CF Industries.

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

South America 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 Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Fertilizers Market Size and Volume Forecast by Types
     5.3.1. Straight Fertilizers Complex Fertilizers
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Fertilizers Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Fertilizers Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Fertilizers Demand Share Forecast, 2019-2026
7. North 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
  7.2. North America Fertilizers Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Fertilizers Market Size and Volume Forecast by Types
     7.4.1. Straight Fertilizers Complex Fertilizers
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Fertilizers Demand Share Forecast, 2019-2026
8. Latin America 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. Latin America Average Pricing Analysis
  8.2. Latin America Fertilizers Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Fertilizers Market Size and Volume Forecast by Types
     8.4.1. Straight Fertilizers Complex Fertilizers
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Fertilizers Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
  9.2. Europe Fertilizers Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Fertilizers Market Size and Volume Forecast by Types
     9.4.1. Straight Fertilizers Complex Fertilizers
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Fertilizers Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Fertilizers Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Fertilizers Market Size and Volume Forecast by Types
     10.4.1. Straight Fertilizers Complex Fertilizers
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Fertilizers Demand Share Forecast, 2019-2026
11. Middle East & Africa Fertilizers Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Fertilizers Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Fertilizers Market Size and Volume Forecast by Types
     11.4.1. Straight Fertilizers Complex Fertilizers
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Fertilizers Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Fertilizers Market: Market Share Analysis
  12.2. Fertilizers Distributors and Customers
  12.3. Fertilizers Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Nutrien Limited K+S AG The Mosaic Company Yara International CF Industries

Methodology

Our Clients

sinopec
Siemens Healthcare
Dassault Aviation
Honda Motor Co. Ltd.
Microsoft
FedEx Logistics
Deloitte
General Electric