Global crop nutrition market accounted for USD 341.41 Billion in 2020 and is anticipated to exhibit a healthy CAGR through 2021-2026.

Industry Snapshot

• The demand for crop nutrients is driven by the presence of major crop producers in like China and India, growing population, and focus towards reinforcing food supply chain.
• Increasing consumer demand for sustainable foods is also impelling the overall market growth.
• Growing emphasis on increasing crop yield and quality are facilitating the overall business outlook.
• Technological advancements and rising usage of digital methods in the agriculture will boost the overall market growth.

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Segmental Overview

Types of Nutrients	Micronutrients
	Macronutrients
Application Model	Soil
	Fertigation
	Foliar
	Others
Product Type	Fertilizers
	Soil Amendments
	Others
Regions	Americas
	Europe
	Asia Pacific

 

Window to the future

• The macronutrients segment holds a large market share, owing to the growing demand for macronutrients to maintain crop health.
• Global crop nutrition market share from soil applications is expected to amass substantial gains over the study timeframe, given that the product is predominately used in soil and is known to be an efficient way to offer nutrition to crops.
• The fertilizers segment is poised to record a healthy CAGR through the analysis period owing to rising population and growing demand for higher crop yield and quality.
• Asia Pacific accounted for larger market share in 2020 and is anticipated to generate sustainable returns over 2021-2026 owing to focus towards strengthening food supply chain and growing population, especially in India and China.

Explainer

BASF SE, ICL Group Ltd., Nutrien Ltd., CF Industries Holdings Inc., Yara International ASA, Compass Minerals International Inc., The Mosaic Company, Baicor L.C., Aries Agro Ltd., and Bioceres Crop Solutions Corp. are the leading players shaping worldwide crop nutrition marketspace. These companies are focusing on boosting production capabilities and investing in research & development to meet the growing demand for crop nutrition.

Concluding Lines

Market researchers take weeks or even months to deliver a broader perspective of this business landscape. With that being said, MarketStudyReport shares a report titled ‘Global Crop Nutrition Market (2021 Edition) - Analysis By Types of Nutrients, Application Method, Product Type, By Region, By Country: Market Insights and Forecast with Impact of Covid-19 (2021-2026)’ which highlights the historic and current data, recent trends, and challenges existing in this business space. This research document is prepared with a severe investigation and collects all the information required to fulfill all businesses operational needs.