Chemical Fertilizers Market Analysis

Macronutrients (Nitrogen   Fertilizer, Phosphate Fertilizer, Potash Fertilizer)

The nitrogen fertilizers segment is anticipated to hold 56% share of the global chemical fertilizers market during the forecast period, owing to the quality of the fertilizer to provide reduced spoilage and increased process efficiency to ensure energy is available when and where the plant needs to optimize yield. With roughly 24 million metric tons consumed in 2020, China was the top consumer of nitrogen fertilizer followed by India and the United States, with 20.4 and 12.1 million metric tons respectively.

Product type (Complex Fertilizers, DAP, MOP, Urea, SSP)

Chemical fertilizers market from the urea segment is accounting for the highest revenue share, given the extensive use of urea as animal feed and fertilizers in agriculture. In 2021 the global volume of production of unsaturated urea is estimated to be around 179.8 million tonnes. In addition, Urea contributes to the growth of green leafy plants by providing nitrogen to the plants. It's also helping plant photosynthesis.

Our in-depth analysis of the global chemical fertilizers market includes the following segments: