2014-01-30 04:59:02 - Global FertilizerÂ NutrientsÂ Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Fertilizer Nutrients market is to grow at a CAGR of 3.83 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in the global demand for food grain. The Global Fertilizer Nutrients market has also been witnessing an increasing adoption of biofertilizers. However, environmental and health hazards associated with the excessive use of fertilizer nutrients could pose a challenge to the growth of this market.
One of the main trends witnessed in the Global Fertilizer Nutrients market is the increasing consumption from emerging markets. While the high consumption of fertilizer nutrients was primarily concentrated in North America and Europe a decade ago, the demand patterns have shifted toward countries showing high
economic growth. Lower income countries such as Sub-Saharan Africa are also expected to witness growth during the forecast period with increasing initiatives taken to enhance African agriculture by international bodies such as the World Economic Forum.
One of the main factors driving the market is the increased demand for soil fertility management practices. Soil fertility management practices have gained importance, primarily because of certain factors such as the rising loss of arable land area and the increase in demand for food that mandates crop yield efficiency.
One of the main challenges is the limited deposits of mineable potash. Potash deposits are found in several countries across the globe. However, economical mining is feasible only in very few countries.
The key vendors dominating this space include CF Industries Holdings Inc., Potash Corporation of Saskatchewan Inc., The Mosaic Company, and Yara International.
The other vendors mentioned are Agrium Inc., Arab Potash Company Plc, Aries Agro Ltd., Belaruskali, Coromandel International Ltd., Eurochem Agro, Gujarat State Fertilizers & Chemicals Ltd., Haifa Chemicals Ltd., ICL Fertilizers, Intrepid Potash Inc., K+S AG, Kuibyshevazot OJSC, OCP, Orascom Construction Industries SAE, Qatar Fertilizer Co., Rashtriya Chemicals &Fertilizers Ltd., Sichuan Meifeng Chemical Industry Co. Ltd., Sociedad Quimca y Minera SA, Uralkali JSC, and Zuari Global Ltd.
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