Allied Market Research

2024

Npk Market

NPK Market Size, Share, Competitive Landscape and Trend Analysis Report by PRODUCTION ROUTE, by MODE OF APPLICATION and by CROP : Global Opportunity Analysis and Industry Forecast, 2023-2032

FB : Agriculture & Agri Products

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Author's: | Roshan Deshmukh
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NPK is collective term utilized for fertilizers containing two or three fertilizer macronutrients that can cover several scores of formulation and distinctly different process types. These fertilizers help to increase the nutrient & water use efficiency and reduce application costs. In addition, their use increases crop quality and yields.

Increase in demand for high-efficiency fertilizers, rise in adoption of precision farming, ease of use & application, and enhanced crop protection provided by NPK fertilizers are major factors that drive the market growth. In addition, surge in demand for NPK fertilizers has increased the overall agricultural output to meet the global food requirements, which fuels the market growth. However, problems in supply cycle, fluctuating storage & handling costs, inadequate knowledge among the farmers, and stringent regulatory framework associated with their production & use are some factors that limit market growth. Increase in adoption of NPK fertilizers in emerging economies is anticipated to provide lucrative opportunities for the market growth.

The report segments the NPK market on the basis of production route, mode of application, crop, and geography. Based on production route, the market is categorized into nitrophosphate, phosphoric acid, granulation of solids, and compaction. According to mode of application, it is classified into soil, foliar, fertigation, and others. By crop, it is divided into cereals & grains, fruits & vegetables, oilseeds & pulses, and others (plantation and cash crops). Geographical breakdown of the market includes North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • This report provides a quantitative analysis of the current trends and estimations of the global NPK market to identify the prevailing market opportunities.
  • Major countries in each region are mapped according to individual market revenue.
  • Comprehensive analysis of factors that drive and restrict the market growth is provided.
  • An in-depth analysis of current research & clinical developments within the market is provided with key dynamic factors.
  • Key players and their key developments in the recent years are listed.

NPK Market Report Highlights

Aspects Details
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By PRODUCTION ROUTE
  • NITROPHOSPHATE
  • PHOSPHORIC ACID
  • GRANULATION OF SOLIDS
  • COMPACTION
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By MODE OF APPLICATION
  • SOIL
  • FOLIAR
  • FERTIGATION
  • OTHERS
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By CROP
  • CEREALS & GRAINS
  • FRUITS & VEGETABLES
  • OILSEEDS & PULSES
  • OTHERS
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By Region
  • NORTH AMERICA  (U.S., CANADA, MEXICO)
  • EUROPE  (UK, GERMANY, FRANCE, SPAIN, ITALY, REST OF EUROPE)
  • ASIA-PACIFIC  (CHINA, JAPAN, INDIA, AUSTRALIA, SOUTH KOREA, REST OF ASIA-PACIFIC)
  • LAMEA  (SOUTH AFRICA, SAUDI ARABIA, REST OF LAMEA)
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Key Market Players

SHANDONG LIAOCHENG LUXI CHEMICAL SALE CO., LTD., HELENA CHEMICAL CO., ISRAEL CHEMICAL LTD., EUROCHEM AGRO GMBH, HAIFA CHEMICALS LTD., YARA INTERNATIONAL ASA, HELM AG, ACRON GROUP, COMPO EXPERT GMBH, AGROLIQUID

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NPK Market

Global Opportunity Analysis and Industry Forecast, 2023-2032