According to the research report titled ‘Fertilizer Market Size by Form , By Product, and Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, global fertilizer market is anticipated to record substantial growth during 2020-2026.
 

Increasing popularity of horticulture, gardening, and agriculture activities, growing population, and favorable government initiatives which encourage safe use of the product are augmenting the growth of global fertilizer market.
 

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It is to be noted that fertilizers comprise of vital nutrients such as potassium, nitrogen, phosphorus, and sulfur that ensure high crop yield, which in turn is impelling the product demand.
 

Based on form type, the liquid fertilizer segment accounted for 15% share in global fertilizer market in 2018 and is projected to record a 2% CAGR through 2026. High traces of organic elements and nitrogen, rising adoption of liquid fertilizers in agricultural applications, efficient absorption of potassium by plants, and increasing preference over industrial fertilizers due to its enhanced plant growth are fostering the expansion of the segment.
 

With regards to product terrain, the animal-based organic fertilizer segment is predicted to register a 7% CAGR over the 2020-2026. Increasing adoption of animal manures and slurries due to their beneficial nutritional as well as physical properties are propelling the growth of the segment.
 

The application spectrum of global fertilizer market comprises of horticulture, agriculture, gardening, and others. Among these, the other segment is estimated to grow with a 1.8% CAGR through 2026.
 

From a regional point of view, Europe fertilizer market accounted for 15% share in the overall market in 2018 and is calculated to exhibit a 1.9% CAGR over 2020-2026.
 

Prominent companies that define global fertilizer industry trends are Bagfas Bandirma Gubre Fabrikalari AS, Unikeyterra, Gemlik Fertilizer Industry Inc., Gubre Fabrikalari TAS (Gubretas), Sociedad QuÃmica y Minera de Chile S.A. (SQM), Indian Farmers Fertiliser Cooperative Limited (IFFCO), Sumitomo Chemical Co., Ltd., Israel Chemicals Ltd. (ICL), Syngenta AG, Bunge Limited, CF Industries Holdings, Inc., The Mosaic Company, Nutrien Ltd., Yara International ASA, and Haifa Group.