Canada
fertilizer market is anticipated to grow significantly through 2028, due to the
growing demand for food in the region, rising population
growth and food security, support from the government, increasing crop
yield and food quality, growing adoption of organic fertilizer, rising export opportunity,
and technological advancement.
Fertilizer
is a substance that contains chemical or natural elements that improve the
growth and productivity of plants. Fertilizers can enhance the natural fertility
of the soil or replace the nutrients that are taken by previous crops. There
are different types of fertilizers, such as organic, inorganic, nitrogen,
phosphorus, and potassium fertilizers, which provide different nutrients to the
plants. Fertilizers are essential for sustaining and improving agricultural
productivity in Canada.
The
demand for fertilizer in Canada is growing because of the increasing need for
food production and crop quality. Fertilizers can help to increase the yield and
quality of crops by providing essential nutrients and improving soil
conditions. They support crop growth, address nutrient deficiencies, and help
farmers to optimize their production practices while ensuring environmental
sustainability.
Moreover,
limited availability of arable land and water resources that require more
efficient use of inputs, climate change, and environmental concerns that affect
crop growth & soil health, and increasing income through agriculture encourage
farmers to invest more in fertilizers and other inputs to gain more profit are one
of the key reasons that are driving the demand of the Canada fertilizer market growth
in the forecasted period. The global demand for fertilizers is expected to
reach approx. 210 million metric tons in 2022, with nitrogen being the most
demanded nutrient. The demand is expected to grow further in the medium term,
reaching about 240 million metric tons by 2026. Therefore, considering the factors
mentioned above, it is expected that the demand for the Canada fertilizer market
is expected to rise in the forecasted period.
Growing Demand
for Foods in Canada is Driving the Canada Fertilizer Market Growth
Fertilizers are
essential for crop growth and are used to provide essential nutrients to plants.
With an increasing demand for food, farmers need to produce more crops per meter
square to meet the growing demand. Fertilizers help to maximize crop yields by
providing the nutrients needed by plants to grow healthy and strong, resulting
in larger and more productive harvests.
Canada has a
rapidly growing demand for food due to its growing population and increasing
export markets. The country is one of the world's leading exporters of wheat,
canola, soybeans, and other agricultural products. To meet this growing demand
for food, farmers require high-quality fertilizers to increase crop yields and
maintain soil fertility. As per Fertilizer Canada, Canada supplies almost
12% of the global fertilizer demand in which they directly export fertilizer to
more than 75 countries worldwide. The government of Canada has implemented
various initiatives to support the agriculture sector, including investing in
research and development to improve crop yields, providing subsidies to
farmers, and improving infrastructure. Government policies and subsidies
provide incentives for farmers to adopt new technologies and practices, driving
growth in the fertilizer market.
Moreover, Canada
has a favorable climate for agriculture, with vast stretches of fertile land
and a long growing season. This makes it an ideal location for farming, and as
a result, the demand for fertilizers is increasing. Additionally, the
government is encouraging the use of organic fertilizers and sustainable
farming practices, which is further driving the demand for fertilizers in
Canada. The increasing popularity of organic and non-GMO foods is contributing
to the growth of the Canada fertilizer market. These foods require specific
types of fertilizers, such as natural or organic fertilizers, to maintain their
organic certification. As a result, the demand for these types of fertilizers
is increasing in Canada and is expected to influence the Canada Fertilizer market
growth.
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Growing
Adoption of Organic Fertilizer is Driving the Canada Fertilizer Market
The growing
adoption of organic fertilizers is indeed a driving force behind the expansion
of the Canada fertilizer market. Organic fertilizers are derived from natural
sources such as animal manure, compost, and plant-based materials. There is a
growing consumer preference for organic food products due to concerns about
health, sustainability, and environmental impact. As a result, farmers are
shifting towards organic farming practices to meet the demand for organic products.
Organic fertilizers
are considered environment-friendly as they are derived from natural sources
and minimize the use of synthetic chemicals. They promote good soil health,
improve soil structure, and enhance the overall sustainability of agricultural
practices. With increasing awareness and emphasis on sustainable agriculture,
the demand for organic fertilizers is on the rise in Canada. Organic
fertilizers are a requirement for farmers seeking organic certification for
their crops. The certification ensures that the products meet specific organic
standards and can access the premium organic market. The expanding market for
organic products creates a demand for organic fertilizers to support organic
farming practices.
Organic fertilizers
contribute to improving soil health by enhancing microbial activity, organic matter
content, and nutrient availability. They provide a slow release of nutrients,
promoting balanced and sustainable nutrient management. This, in turn, leads to
increased crop productivity and long-term soil fertility, which benefits
farmers and drives the demand for organic fertilizers. By producing and selling
fertilizer, Canada generates USD 17 billion in revenue every year and
contributes USD 9.2 billion to the GDP of Canada.
The growing market
demand for organic products creates opportunities for farmers to diversify their
offerings and cater to different consumer preferences. As farmers expand into
organic farming, the demand for organic fertilizers increases, driving the
expansion of the organic fertilizer market in Canada. The Canadian government
provides support and incentives for organic farming practices, including the
use of organic fertilizers. These measures encourage farmers to adopt organic
practices and drive the demand for organic fertilizers in the market and it is expected
to boost the Canada fertilizer market growth.
Supportive Government
Initiatives is a Key Factor Driving the Canada Fertilizer Market Growth
Supportive
government initiatives in Canada, such as agricultural policies, funding,
R&D support, environmental regulations, education programs, market access
facilitation, and subsidies, play a key role in driving the growth of the
fertilizer market. These initiatives create an enabling environment for the industry,
promoting sustainable practices, innovation, and market expansion. The
partnership between the government and the fertilizer industry contributes to
the overall development and success of the agricultural sector in Canada.
Governments in
Canada develop agricultural policies and provide funding to support the
agricultural sector, including the fertilizer market. These policies aim to
enhance productivity, promote sustainable practices, ensure food security, and
stimulate economic growth. Funding initiatives help farmers access resources,
including fertilizers, at affordable prices, encouraging their use and driving
market growth.
Government
support for research and development activities in the fertilizer sector
promotes innovation, technological advancements, and improved fertilizer
formulations. R&D initiatives contribute to the development of more
efficient and sustainable fertilizers, enhancing crop productivity and
minimizing environmental impacts. Government funding for research drives innovation,
benefiting both farmers and the fertilizer market. For instance, the Minister
of Agriculture and Agri-Food has announced to invest up to USD 1.6 million in “Sulvaris”
a pilot plant in Calgary, Alberta, to develop new technology that produces
high-efficiency fertilizers made with organic carbon.
Governments
implement environmental regulations and sustainability standards that impact
the fertilizer industry. These regulations aim to minimize the adverse
environmental effects of fertilizer use, such as nutrient runoff into water bodies.
Government initiatives encourage the development and use of environment-friendly
fertilizers, including low-nitrogen formulations and slow-release fertilizers,
which meet regulatory requirements and promote sustainable agriculture.
Governments invest
in educational programs and extension services to provide farmers with
knowledge and resources related to fertilizer management practices. These
initiatives promote responsible fertilizer use, including proper application
techniques, optimizing fertilizer rates, and minimizing nutrient losses.
Government-supported education and extension programs help farmers make
informed decisions, leading to efficient fertilizer use and improved
agricultural productivity.
Governments facilitate
market access and promote export opportunities for Canadian agricultural products,
including fertilizers. By fostering international trade agreements, reducing
trade barriers, and participating in global fertilizer markets, governments
create favorable conditions for the growth of the fertilizer industry. Access
to export markets allows Canadian fertilizer manufacturers and suppliers to
expand their reach, driving the market growth.
Governments may provide
subsidies, tax incentives, or financial support programs specifically targeted
at the fertilizer sector. These initiatives aim to make fertilizers more
affordable and accessible to farmers, encouraging their use. Subsidies and
incentives can stimulate demand, especially among small and resource-constrained
farmers, contributing to the overall growth of the fertilizer market.
Besides these, the
fertilizers trade and license in Canada is regulated by Canadian Food
Inspection Agency under “the Fertilizers Act and Regulations” to ensure that the
fertilizer is harmless for humans, plants,
animals, and the environment. Companies need to properly label their product to
ensure transparency and appropriate use.
Market Segmentation
Canada fertilizer market is
segmented based on origin, foam, mode of application,
crop type, source, and region. Based
on origin, the Canada fertilizer market is categorized into organic, synthetic, and bio-fertilizer. Based on foam, the Canada
fertilizer market is bifurcated into solid and liquid. Based on the mode of the
application, the Canada fertilizer market is categorized into foliar spraying,
fertigation, sowing, broadcasting, spraying, drip method, and others. Based on crop type, the Canada fertilizer market is fabricated
into grains & cereals, pulses & oilseeds, commercial crops, fruits
& vegetables, and others. Based on source, the Canada fertilizer market
is fabricated into domestic and import. Based on region, the Canada fertilizer market
is divided into Ontario,
Quebec, The West, British Columbia, Atlantic Canada, and the North.
Company Profiles
Lucent Biosciences Inc., Nurture Growth Bio Fertilizer
Inc., Soilgenic Technologies, LLC, Alberta Eco Biotechnology Inc., Indogulf
BioAg LLC, CF Industries Holdings Inc., Yara International ASA, Nutrien Ltd., The
Mosaic Company, and AgriTec International Ltd. are some of the key players of Canada fertilizer market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends
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Segments Covered
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Origin
Form
Mode of Application
Crop Type
Source
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Regional scope
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Ontario,
Quebec, The West, British Columbia, Atlantic Canada, The North
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Key companies profiled
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Lucent
Biosciences Inc., Nurture Growth Bio Fertilizer Inc., Soilgenic Technologies,
LLC, Alberta Eco Biotechnology Inc., Indogulf BioAg LLC, CF Industries
Holdings Inc., Yara International ASA, Nutrien Ltd., The Mosaic Company, and
AgriTec International Ltd.
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Customization scope
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
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Pricing and purchase
options
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Avail customized
purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report Scope:
In this report, Canada fertilizer market has been segmented
into the following categories, in addition to the industry trends, which have
also been detailed below:
- Canada Fertilizer Market, By Origin:
- Organic
- Synthetic
- Bio-fertilizer
- Canada Fertilizer Market, By Foam:
- Canada Fertilizer Market, By Mode of Application:
- Foliar Spraying
- Fertigation
- Sowing
- Broadcasting
- Spraying
- Drip Method
- Others
- Canada Fertilizer Market, By Crop Type:
- Grains & Cereals
- Pulses & Oilseeds
- Commercial Crops
- Fruits & Vegetables
- Others
- Canada Fertilizer Market, By Source:
- Canada Fertilizer Market, By Region:
- Ontario
- Quebec
- The West
- British Columbia
- Atlantic Canada
- The North
Competitive landscape
Company Profiles: Detailed analysis of the major companies in Canada
fertilizer Market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company
Information
- Detailed analysis
and profiling of additional market players (up to five).
Canada fertilizer market is an upcoming
report to be released soon. If you wish an early delivery of this report or want
to confirm the date of release, please contact us at [email protected]