According to a new report by Reports and Data, the global NPK fertilizers market is foreseen to reach USD 3.4 Billion by 2028, with a CAGR of 4.3%. The increasing adoption of precision farming and the reliability of the NPK fertilizers to improve crop productivity is an essential factor driving the market for NPK fertilizers.
Nitrogen (N), Phosphorous (P), and Potassium (K) are the vital constituents required for the growth of plants and crops. These fertilizers are used widely in the farming and agricultural industry and are becoming popular due to their advantages for plant nourishment and high yield.
Development in the agricultural sector, the rising adoption of farming, and enriched crop protection offered by the NPK fertilizers are the primary drivers for the market. The increasing demand for high-quality food grains and animal feed, reduced farmlands, and food safety concerns are enhancing the market demand for NPK fertilizers.
The coronavirus outbreak has caused havoc in the global industry. Many market participants are emphasizing the strategies to stabilize the market demand for NPK fertilizers due to the disruption of the supply chain and production. The COVID-19 pandemic has resulted in the shutdown of businesses, strict lockdown rules, and workforce reduction.
However, the high-priced production of NPK fertilizers and skepticism regarding the application of fertilizers, and unawareness among farmers regarding the advantages of these fertilizers are predicted to limit the market development.
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For this study, Reports and Data has segmented the global NPK market based on Nutrient type, Crop Type, Form, Application, and Region:
Based On Nutrient Type: (Revenue, USD billion, 2018 – 2028)
Based On Crop Type: (Revenue, USD billion, 2018 – 2028)
Based on Form: (Revenue, USD billion, 2018 – 2028)
Based On Application: (Revenue, USD billion, 2018 – 2028)
Based On the Region: (Revenue, USD billion, 2018 – 2028)
North America
Europe
Asia-Pacific
LAMEA
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/npk-fertilizers-market
Table Of Content:
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Drip Irrigation Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
….
Chapter 10. Competitive Analysis
10.1. Key global players, recent developments & their impact on the industry
10.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
10.3. Vendor Landscape
10.3.1. Key company market share analysis
Chapter 11. Company Profiles
11.1. BASF SE (Germany)
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Strategic Initiatives
11.2. Coromandel International (India)
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.2.4. Strategic Initiatives
11.3. Yara International (Norway
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.3.4. Strategic Initiatives
11.4. Haifa Group (Israel)
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmarking
11.4.4. Strategic Initiatives
11.5. K + S Aktiengesellschaft (Germany)
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.5.4. Strategic Initiatives
Continue…
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