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Personal Finance News Releases
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(MoneyNewsWire.Net, July 13, 2018 ) A fertilizer is any material of natural or synthetic origin that is applied to soils or to plants to supply one or more plant nutrients essential to the growth of plants. The fertilizer industry procures raw materials such as rock phosphate, sulphur and ammonia from mining companies and natural gas from oil and gas companies to produce fertilizers.
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https://www.thebusinessresearchcompany.com/report/fertilizer-market-global-briefing-2018
The reasons for substantial growth of the market from $357 billion in 2017 to $412 billion by 2021 are the economic growth and technological advancements.
The fertilizer market in The Business Research Company’s report is segmented into three segments, namely nitrogen, phosphate and other fertilizers manufacturing. While the first segment accounts for three-fourth of the market share, the remaining share is split is attributed to the other two segments.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=626&type=smp
Asia-Pacific was the largest country in the fertilizer market in 2017, accounting for more than two-fifth of the market share followed by North America
Yara International Asa was the largest competitor in the fertilizer market, followed by The Mosaic Company and Potash Corp. Of Saskatchewan Inc. Yara International Asa is involved in the production of nitrogen fertilizer, dry ice, nitrates, ammonia, urea and other nitrogen-based chemicals. Yara international was founded in 1905 and is headquartered in Oslo, Norway.
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