United States Fertilizers Market to Grow at an Impressive Rate until 2025

Decreasing soil fertility is expected to drive the growth of United States fertilizers market

According to TechSci Research report, “United States Fertilizers Market By Type (Straight v/s Complex), By Origin (Organic, Synthetic, Bio-fertilizer), By Form (Solid v/s Liquid), By Mode of Application (Foliar Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method, Others), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Other), By Source (Domestic v/s Import), By Region, Forecast & Opportunities, 2025”, the United States fertilizers market is expected to grow at an impressive rate during the forecast period on account of the decreasing arable land available for agriculture. Additionally, growing need to ensure food safety & security is further expected to propel the market growth through 2025. Besides, supportive government policies and schemes are further expected to spur the market growth over the next few years. Furthermore, technological advancements and new product launches by the major players operating in the market is expected to create lucrative opportunities for the market growth through 2025. However, sudden outbreak and spread of pandemic COVID-19 has led to lockdown and shut down of agricultural and manufacturing activities, thereby slowing down the market growth in the country. Also, volatile prices of fertilizers is further expected to hamper the market growth through 2025. Moreover, growing environmental and health concerns on account of the excessive use of chemical fertilizers is further expected to restrict the market growth.

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The United States fertilizers market is segmented based on type, origin, form, mode of application, crop type, source, application, company and region. Based on type, the market can be split into straight and complex. The straight type can further be categorized into nitrogenous, phosphatic, potash, secondary macronutrient fertilizers, micronutrient fertilizers and others. Among these, the nitrogenous fertilizers segment is expected to dominate the market through 2025 as it is the most important soil nutrient which promotes plant growth and metabolism and chlorophyll production. Additionally, this is the most common nutrient that is deficient in the soil. Based on origin, the market can be categorized into synthetic, organic and bio-fertilizer. Among these, the organic and bio-fertilizer segment is expected to witness significant growth in the market owing to the growing awareness pertaining to environmental issues and sustainable agriculture. Based on form, the market can be bifurcated into solid and liquid. The liquid form is expected to dominate the market through 2025 since they get easily absorbed by the plants and are also quite stable. On the hand, the solid form is expected to grow significantly on account of the associated benefits such as easy availability, ease of storage and cost effectiveness.

The Mosaic Company, Nutrien Limited, CF Industries Holdings Inc., Bunge Limited, Syngenta Corporation, BASF Corporation, Bayer Crop Science, Yara North America Inc., ICL Fertilizers, Compass Minerals International Inc, AdvanSix Inc., Archer Daniels Midland Company, Dakota Gasification Company, Intraoceanic Corporation, Greene County Fertilizer Company and others are some of the leading players operating in United States fertilizers market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“United States fertilizer market is expected to witness significant growth during the forecast period, owing to the increasing focus of the farmers on food security. This has led to an increase in adoption of innovative farming techniques and plant nutrition solutions by the farmers, while ensuring environmental sustainability. Additionally, presence of major market players such as Yara International, BASF Corporation, Bayer Crop Science, among others in the country is expected to create lucrative opportunities for the market growth through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research global management consulting firm.

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