Brazil Fertilizer Market Research Report, 2027

Brazil is one of the world's most agriculturally intensive countries. This sector of the market has always been the principal of the economy in the country. Along with the economy, the sector gave rise to another market in the country; that is the fertiliser market, which surprisingly started very late in the country in the 1970s. From then on, the market has become involved and the Brazilian market has become one of the most prominent markets in the region of Latin America. According to data from the Agribusiness Center of FGV-GV Agro, Brazil has about 329 million hectares of arable land, of which 80 million (24.3 percent) is used for annual and perennial crops, and 172 million hectares (52.1 percent) are used for pastures. It also has a variety of climates, regular rainfall, a lot of solar energy, and nearly 13 percent of the world's fresh water supply. All of these resources were used efficiently by the country by producing a large amount of agribusiness, which in turn created a consistent demand over time for the use of fertilizer. The demand for fertiliser in recent times has grown so much that the country has to heavily import fertiliser to meet it. This was not always the case. The fertiliser market till the 90s was very minimal with only a few people adopting the products. It was the government that conducted campaigns for farmers to educate them on the benefits of the fertilisers that helped this market grow to what it is today. According to the research report titled "Brazil Fertilizer Market, Research Report, 2027", published by Actual Market Research, the fertiliser market in Brazil has grown with a CAGR of 4.35% till the year 2021, which is expected to grow in the coming years with an increase in demand for the product within the consumer industries. This report divides the market into three sections: nutrients, products, and applications. The nutrient differentiation has the nitrogenous, phosphatic, potash, and complex nutrients with the other segments. Out of these, the phosphatic nutrient-based fertilisers seem to be doing the best, with a market share of almost 45% in the year of 2021. This is because the majority of the country's soil is acidic in nature and these types of fertilisers are optimum for the same use as they balance the PH of the soil, making it more suitable for better yields of crops. The product type segment consists of a long list of categories, but the most prominent of them are phosphatic rocks, complex fertilizers, Muriate of potash and mono-ammonium phosphate. Out of these, the phosphate rocks, which come under the other segmentation along with superphosphate fertilisers, hold the majority of the market share and this trend seems to follow in the future. According to the application, the market is segmented for the kinds of crops or plants they are used for, out of which the highest market share is occupied by the vegetable and fruit segments, which is justified by the fact that this country is a tropical climate, which facilitates the growth of various types of vegetables and fruit easily.

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The market in the country is driven by factors like expandable agricultural land, growing demand for micronutrients, government support through subsidiaries, and an increase in the export of agricultural business along with increased demand for the livestock market. On the other hand, the market is restrained due to different factors like the dependency on imports for raw materials such as chemicals, the climatic crisis faced by the country, the single source of nitrogen in the country (Petrobras), along with uncontrolled fertiliser use, which is polluting the land. Due mostly to lowered transportation constraints, the COVID-19 epidemic has had little effect on Brazil's fertiliser sector. Since all types of agricultural activities were excluded from lockdown restrictions, the pandemic had no impact on this industry. In reality, because of farmers' panicked purchasing, the fertiliser market saw a positive increase from the previous year. Additionally, given that the agricultural market is served by the fertiliser sector, production had to continue despite the social climate. On the other hand, the fertiliser market experienced production uncertainty as a result of the inability to obtain other raw materials and imported chemicals. This is a result of the global transportation chain closing. Considered in this report Geography: Brazil Historic Year: 2016 Base year: 2021 Estimated year: 2022 Forecast year: 2027 Aspects covered in this report Brazil fertilizer market with its value and forecast along with its segments Application wise fertilizer consumption Various drivers and challenges On-going trends and developments Top profiled companies Strategic recommendation

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Kripa Shah

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Types of fertilizer by nutrient in the report: Nitrogenous fertilizer (Urea, ammonium sulphate, Calcium ammonium nitrate/ammonium nitrate, others UAN, anhydrous ammonia etc.) Phosphate fertilizer (Diammonium phosphate, monoammonium phosphate, others phosphate rock, superphosphates etc.) Potash fertilizer (Muriate of potash/potassium chloride, sulphate of potash others potassium nitrate etc.) Complex fertilizer (NPK, NK, PK, NP compounds etc.) By Product type in the report: Urea Ammonium sulphate Calcium ammonium nitrate/ Ammonium nitrate Di-ammonium phosphate (DAP) Mono-ammonium phosphate (MAP) Muriate of potash (MOP)/ (KCl) Sulphate of potash (SOP) Complex (NPK, NK, PK, NP) By Application used for in the report: Vegetables & Fruits Cereals & Grains Oilseeds & pulses Others

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The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.