Fertilizer Market size was valued around USD 200 billion in 2020 and is likely to exhibit growth of over 3.2% CAGR from 2021 to 2026.
Major players in the fertilizer market are K+S Ag., Uralkalipjsc, Agrium INC, JSC BELARSKALI, YARA INTERNATIONAL ASA, Koch Industries, Inc., The Mosaic company, CF industries holding INC, Israel chemicals Ltd, OCP S.A, potash Corporation Of Saskatchewan Inc.,
Nov 2020-Agrimin has announced the appointment of its new sulfate of potash (SOP) marketing advisor, Charles Carriere, to assist with the finalisation of marketing and off-take agreements for the 100%-owned Mackay potash project. Agrimin has retained 100% of the marketing rights for its planned SOP production from the Mackay potash project and is currently finalising marketing and off-take arrangements to support project funding. The company has recently produced further SOP product samples which have been dispatched to potential off takers and strategic partners.
The global ammonia capacity is poised to see considerable growth by 2030, potentially increasing from 253.34 million tpy in 2019 to 289.83 million tpy in 2030, registering a total growth of 23%. India is expected to drive and contribute 18% of the global capacity additions by 2030, says GlobalData.
Ostara Nutrient Recovery Technologies Inc. and Bruce Oakley Inc. have announced that they have entered into a letter of intent (LOI) providing for the acquisition by Ostara of Oakley’s fertilizer granulation facility and certain related assets located on the Mississippi river at Oakley’s warehousing and logistics terminal in St. Louis, Missouri, US. The acquisition and certain related transactions are intended to further support the production scale-up of Ostara’s Crystal Green brand of sustainable phosphorus-based, continuous-release fertilizer products. Pursuant to the LOI, Oakley will also provide long-term, full-service terminal support for Ostara, including bulk storage, inbound and outbound logistics services via truck, rail and barge, and raw materials supply. Completion of the acquisition and related transactions is subject to final negotiation and execution of definitive agreements, currently anticipated to occur in December 2020.
Nov 2020- Iberdrola and Fertiberia have allied in the hope of seeing Spain become an industrial leader of green hydrogen technology, with hopes to install 800 MW of green hydrogen production capacity through a €1.8 billion investment programme over the next 7 years. In the next year the partners will commission their first plant in Puertollano, Spain, becoming one of Europe's largest green hydrogen complexes for industrial use. The innovative partnership includes plans to develop three additional projects between 2023 and 2027, in the Fertiberia plants of Puertollano and Palos de la Frontera, Huelva, Spain, which could deliver 40 times the capacity of the first plant.
Nutriens Ltd. announced on March 2020 that it has entered into a definitive agreement to purchase 100 percent of the equity of the Tec Agro Group (“Tec Agro”). Tec Agro is a leading Ag Retailer in the state of Goiás, with close to 25 years of service to farmers and 8 Retail branches. Tec Agro also owns one of the largest branded soybean seeds businesses in Brazil, recognized nationally for its product quality and performance, under the Sementes Goiás brand. The annual sales of Tec Agro are approximately US$200 million and it has about 500 employees servicing thousands of farmers. The acquisition multiple is in-line with Nutrien’s past acquisitions in the U.S. for similar businesses.
Global Fertilizer market reports helps the readers to maximize their profits and business making ventures by gaining complete insights of fertilizer Industry. The latest development and growth opportunities in Fertilizer market are covered. Fertilizer market has vast growth in upcoming eras due to the rapid development in industries.
Market Segmented by Type (Straight and Complex Fertilizers), By Application it consist of (Agriculture, Horticulture, Gardening and Others). By region it has been (North America, Europe, ASPAC and Middle East & Africa). Asia-Pacific was the largest geographical segment of the market studied and accounted for a share of around 60% of the overall market. The market is driven by the increased demand for controlled-release fertilizer in APAC and better when compared to other coated and non-coated fertilizers.
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