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Agri & Gardening soil imbalance due to increased use of fertilizer | Upload General

Soil Imbalance Due To Increased Use Of Fertilizer

by: Lucas Elliott
soil imbalance due to increased use of fertilizer | Upload
The chemical fertilizer market has been segmented into macronutrients, micronutrients, applications, and forms. Based on macronutrients, the market has been segmented into nitrogen-based fertilizers, phosphate-based fertilizers, and potash based fertilizers. Soil Imbalance Due To Increased Use Of Fertilizer

Soil Imbalance Due To Increased Use Of Fertilizer

Among these segments, nitrogen-based fertilizers are estimated to dominate the market by holding the largest share of approximately 50%. This can be attributed to the absorption of nitrogen by plants. In 2013, the demand for nitrogen fertilizers reached 108 megatons, increasing crop prices, uplifting the need for chemical fertilizers across the globe. This factor is envisioned to strengthen the growth of the chemical fertilizer market.

The global market for chemical fertilizers is expected to reach around USD 150 billion by the end of 2024, witnessing a healthy compound annual growth rate of 3.9% over 2017-2024. This can be attributed to favorable weather conditions increasing the demand for chemical fertilizers in major agricultural regions.

In the regional segment, North America's chemical fertilizer market marked a revenue share of around 52% in the global chemical fertilizer market, followed by the Asia Pacific with 24%. The region is anticipated to show substantial growth shortly.

soil, plants
Photo by Dylan de Jonge

Recommended: Human Waste As Fertilizer Is Good For The Environment

Soil Imbalance And A Growing Demand for Food

The rising need for food security has led to favorable trade policies in the agricultural sector and has extended small farmers' reach to the international food business. To meet the overflowing demand for food worldwide, there is a strong need for chemical fertilizers in the agricultural sector to produce a high yield. Further, the high adoption rate of advanced chemical fertilizers is expected to benefit the market's expansion.

Recommended: The Future Of Farming: Finding A Better Way To Feed The World

However, the high cost, toxic nature combined with excessive use of these fertilizers resulting in long-term imbalances in the soil might deter the chemical fertilizer market's growth. The report titled “Chemical Fertilizers Market: Global Demand Analysis & Opportunity Outlook 2024” delivers a detailed overview of the chemical fertilizer market in terms of market segmentation by macronutrients, micronutrients, by application, forms, and region.

Further, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model for the in-depth analysis.

This report also provides the existing competitive scenario of some of the key players of the chemical fertilizer market, which includes company profiling of Potash Corp of Saskatchewan Inc. (Canada), The Mosaic Company, Uralkali PJSC (Russia), Yara International ASA (Norway) and JSC Belaruskali.

Recommended: Agriculture, Using Wastewater As Natural Fertilizer: Mexico

The profiling enfolds the companies' critical information, which encompasses business overview, products and services, key financials, and recent news and developments. Overall, the report depicts a detailed overview of the chemical fertilizer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players exploring possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Before you go!

Recommended: Eating insects Is Healthy, Tasty, And Cool.

Did you find this an interesting article, or do you have a question or remark? Leave a comment below. We try to respond the same day.

Like to write your article about using fertilizers?
Send your writing & scribble with a photo to [email protected], and we will write an interesting article based on your input.

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Soil Imbalance Due To Increased Use Of Fertilizer

The chemical fertilizer market has been segmented into macronutrients, micronutrients, applications, and forms. Based on macronutrients, the market has been segmented into nitrogen-based fertilizers, phosphate-based fertilizers, and potash based fertilizers. Soil Imbalance Due To Increased Use Of Fertilizer Soil Imbalance Due To Increased Use Of Fertilizer Among these segments, nitrogen-based fertilizers are estimated to dominate the market by holding the largest share of approximately 50%. This can be attributed to the absorption of nitrogen by plants. In 2013, the demand for nitrogen fertilizers reached 108 megatons, increasing crop prices, uplifting the need for chemical fertilizers across the globe. This factor is envisioned to strengthen the growth of the chemical fertilizer market. The global market for chemical fertilizers is expected to reach around USD 150 billion by the end of 2024, witnessing a healthy compound annual growth rate of 3.9% over 2017-2024. This can be attributed to favorable weather conditions increasing the demand for chemical fertilizers in major agricultural regions. In the regional segment, North America's chemical fertilizer market marked a revenue share of around 52% in the global chemical fertilizer market, followed by the Asia Pacific with 24%. The region is anticipated to show substantial growth shortly. Photo by Dylan de Jonge Recommended:  Human Waste As Fertilizer Is Good For The Environment Soil Imbalance And A Growing Demand for Food The rising need for food security has led to favorable trade policies in the agricultural sector and has extended small farmers' reach to the international food business. To meet the overflowing demand for food worldwide, there is a strong need for chemical fertilizers in the agricultural sector to produce a high yield. Further, the high adoption rate of advanced chemical fertilizers is expected to benefit the market's expansion. Recommended:  The Future Of Farming: Finding A Better Way To Feed The World However, the high cost, toxic nature combined with excessive use of these fertilizers resulting in long-term imbalances in the soil might deter the chemical fertilizer market's growth. The report titled “Chemical Fertilizers Market: Global Demand Analysis & Opportunity Outlook 2024” delivers a detailed overview of the chemical fertilizer market in terms of market segmentation by macronutrients, micronutrients, by application, forms, and region. Further, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model for the in-depth analysis. This report also provides the existing competitive scenario of some of the key players of the chemical fertilizer market, which includes company profiling of Potash Corp of Saskatchewan Inc. (Canada), The Mosaic Company, Uralkali PJSC (Russia), Yara International ASA (Norway) and JSC Belaruskali. Recommended:  Agriculture, Using Wastewater As Natural Fertilizer: Mexico The profiling enfolds the companies' critical information, which encompasses business overview, products and services, key financials, and recent news and developments. Overall, the report depicts a detailed overview of the chemical fertilizer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players exploring possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future. Before you go! Recommended:  Eating insects Is Healthy, Tasty, And Cool . Did you find this an interesting article, or do you have a question or remark? Leave a comment below. We try to respond the same day. Like to write your article about using fertilizers? Send your writing & scribble with a photo to  [email protected] , and we will write an interesting article based on your input.
Stay Updated on Environmental Improvements And Global Innovations