1.1 Definition and scope of study
Like many other life forms, plants need nutritional elements to ensure healthy growth and development, mainly potassium, nitrogen, oxygen and phosphorus. Fertilizers therefore consist of nitrogen, potassium and phosphorus, as oxygen is naturally present in the air. These are called chemical fertilizers, unlike natural or organic fertilizers (produced from plant or animal material). The use of fertilizers therefore refers to a fertilizing action of the soil. The aim is to increase agricultural yields to meet a global demand for food that is increasing year after year. The fertilizer market is thereby a constantly growing market.
Fertilizer application rates have slightly decreased over the last five years, as technological advances have allowed farmers to become more efficient in their distribution, reducing waste and requiring less fertilizer. Revenue from the sector has been falling at a compound annual rate of 4.1% per year for the past five years. These losses are largely correlated with fluctuations in fertilizer prices.
Brazil imports, on average, around 25 million tons of fertilizers per year, with nitrogen fertilizers accounting for around 35% of the total, phosphate fertilizers 23% and potassium fertilizers 42%. Brazil is one of the largest agricultural producers and exporters in the world, even though 80% of the domestic fertilizer market is served through imports. Nevertheless, in the last decade, there have been indications of new ventures in the nitrogen fertilizer sector, but the difficulties, associated with availability, price, international competition, as well as the volume of investments required, have delayed the advances of national entrepreneurs.
To keep reading, buy the full research
What is in this market study?
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What are the latest trends in this market?
- What is the positioning of companies in the value chain?
- How do companies in the market differ from each other?
- Access company mapping and profiles.
- Data from several dozen databases
This market study is available online and in pdf format (38 p.)
- Download an example
- Consult our offers Consulting, Subscription, Press & Education.
Availability within 5 business days
1 sector analyzed
in 40 pages