The Business Research Company’s latest report Chemical Fertilizers Global Market Report 2020 covers Chemical Fertilizers market drivers, Chemical Fertilizers market trends, Chemical Fertilizers market segments, Chemical Fertilizers market growth rate, Chemical Fertilizers market major players, and Chemical Fertilizers market size. The report provides in-depth analysis of the impact of COVID-19 on the Chemical Fertilizers industry, along with revised market numbers due to the effects of the coronavirus.
Chemical Fertilizers Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global chemical fertilizers market is expected to decline from $138.9 billion in 2019 to $132.9 billion in 2020 at a compound annual growth rate (CAGR) of -4.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of % from 2021 and reach $131.7 billion in 2023.
The report covers the Chemical Fertilizers market’s segments-
1) By Type: Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer
2) By Crop Category: Cereals, Oilseeds, Vegetables, Fruits, Others
3) By Method of Application: Broadcasting, Drop Spreading, Fertigation, Foliar Spray
4) By Form: Solid, Liquid, Gaseous
5) By Product Type: Complex Fertilizers, DAP, MOP, Urea, SSP, Other.
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