Global Crop Nutrients and Ingredients Market Size To Exceed USD 214.31 Billion by 2033 | CAGR of 5.46%
Category: AgricultureGlobal Crop Nutrients and Ingredients Market Size To Exceed USD 214.31 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Crop Nutrients and Ingredients Market Size is Expected to Grow from USD 126 Billion in 2023 to USD 214.31 Billion by 2033, at a CAGR of 5.46% during the forecast period 2023-2033.
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Browse key industry insights spread across 260 pages with 100 Market data tables and figures & charts from the report on the "Global Crop Nutrients and Ingredients Market Size, Share, and COVID-19 Impact By Product Type (Nitrogenous, Phosphatic, Potassic, Micronutrients, Organic Ingredients, and Others), By Application (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, and Others), By Form (Solid, Liquid, and Gaseous), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/crop-nutrients-and-ingredients-market
The crop nutrients and ingredients market refers to employed in agriculture to promote plant growth, increase yields, and sustain soil health. They contain primary nutrients such as nitrogen, phosphorus, and potassium, secondary nutrients, micronutrients, and organic matter. The growing global population, growing agricultural intensification, and the increasing use of precision agriculture methods to achieve maximum yields. Additionally, heavy investments in research and development are also fueling the creation of more efficient and sustainable crop nutrient solutions, further propelling market growth. Furthermore, with consumers demanding more and more organic food products, they are viewed as healthier and friendlier to the environment. Such demand is stimulating the use of organic ingredients and bio-based fertilizers, which are produced from natural resources and support soil health and fertility. Governments and regulators in many parts of the world are also supporting sustainable agriculture with subsidies, incentives, and friendly policies. This transformation to sustainable agriculture opens huge expansion prospects for industry participants in the business of organic ingredients and bio-based fertilizers. However, the environmental issue of excessive use of chemical fertilizers and strict regulatory regimes in some parts of the world can also serve as dampeners to market growth. Additionally, the growing consciousness of the ecological harm caused by chemical fertilizers is stimulating the requirement for sustainable, environmentally safe substitutes.
The nitrogenous segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on product type, the crop nutrients and ingredients market is segmented into nitrogenous, phosphatic, potassic, micronutrients, organic ingredients, and others. Among these, the nitrogenous segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by the fundamental function they play in plant development, the highest volume of consumption, affordability, and pivotal significance in the enhancement of world crop output
The cereals & grains segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on application, the crop nutrients and ingredients market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses, and others. Among these, the cereals & grains segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to their widespread cultivation, strong global food demand, huge nutrient needs, and government-supported food security initiatives.
The solid segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on form, the global crop nutrients and ingredients market is categorized into solid, liquid, and gaseous. Among these, the solid segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to its extensive availability, easy handling, affordability, long shelf life, and well-established use in traditional farming practices, which makes it the first choice for farmers across the world.
Asia-Pacific is expected to hold the majority share of the global crop nutrients and ingredients market during the forecast period.
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Asia-Pacific is expected to hold the majority share of the global crop nutrients and ingredients market during the forecast period. Asia-Pacific dominates the heavy use of fertilizers and nutrients to drive crop production and address the increasing food demand. Moreover, Increased population growth and increasing food consumption in APAC necessitate greater agricultural productivity and improved crop yields, growing dependence on nutrients.
Europe is anticipated to grow at the fastest pace in the global crop nutrients and ingredients market during the forecast period. The market is driven by market demand for crop nutrients and ingredients in Europe is fueled by the desire to improve crop quality, boost yields, and minimize environmental degradation.
Major vendors in the global crop nutrients and ingredients market are Nutrien Ltd., Yara International ASA, The Mosaic Company, CF Industries Holdings, Inc., Bunge Limited, Bayer AG, Syngenta AG, Cargill, Incorporated, BASF SE, K+S AG, Israel Chemicals Ltd. (ICL), OCI N.V., EuroChem Group AG, and Others.
Key Target Audience
- Market players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value - Added Resellers ( VARs)
key Market Development
In November 2023, Yara launched YaraAmlix, a new brand of Biostimulants , at the Biostimulants World Congress in Milan , Italy .
market segment
This study forecasts revenue at the global , regional , and country level from 2023 to 2033 . Spherical Insights has segmented the crop nutrients and ingredients market based on the below-mentioned segments:
Global Crop Nutrients and Ingredients Market, By Product Type
- Nitrogenous
- Phosphatic
- Potassic
- Micronutrients
- Organic Ingredients
Global Crop Nutrients and Ingredients Market, By Application
- Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Others
Global Crop Nutrients and Ingredients Market, By Form
- Solid
- Liquid
- Gaseous
Global Crop Nutrients and Ingredients Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South AfricaRest of the Middle East & Africa
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