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Latin America Fertilizer Market - Industry Analysis, Growth, Demand, Share, & Forecast To 2027

Latin America Fertilizer Market - Industry Analysis, Growth, Demand, Share, & Forecast To 2027

Actual Market Research 19-05-2022 72 Pages Figures : 16 Tables : 33 Region : South America Category : Food & Beverages Agriculture

1. Yara International

2. The Mosaic Company

3. Nutrien Limited

4. Sociedad Química y Minera de Chile

5. EuroChem Group

Agriculture and Mining are the backbone of Latin America’s economy. 9.5% land area is used for agriculture as per 2018 stats. It uses almost a third of land, three quarters of water and generates half of greenhouse gas emissions. Forest deforestation in the region is due to increasing land for agricultural purposes. It is one of the main exporters of food products to the world. Some of the rural area is poor where agriculture was predominant. Though Latin America produces millions of foods grains thousands go hungry or under nutrition or obesity or overweight due to unequal distribution. Its food system is highly underperforming. Latin America is a combination of; Brazil most bio diverse, Argentina promising food producing country, Mexico world’s biggest trading partner, Chile deep renewable resource land. It produces world’s 16% exports and contributes nearly 7% GDP globally. Region produces 80% world bananas, 60% coffee, 30% meat and 36% soya beans. According to the research report “Latin America Fertilizer Market Outlook, 2027" published by Actual Market Research, the fertilizer market is anticipated to grow at a CAGR of 4.79% by 2027. Argentina is the fastest growing market for fertilizers in this region. Less arable land results in repetitive use of fertilizers on same piece of land. Nitrogenous fertilizers are expected to be rapidly growing in demand by farmers in Brazil unlike complex fertilizers in other regions. The fertilizer raw materials are highly fragmented and unequally found around the world as a result of which the transportation costs are very high. Phosphatic and nitrogen fertilizers amount for majority market share in Latin America. Liquid fertilizers are expected to grow steadily in this region during the forecast period. Agriculture in Latin America lacks basic infrastructure and investments. Transport systems are not well organised and farming technology is not a familiar term with poor farmers in this region. The region needs investments from more developed American Countries for its full growth. The region has still much of unexplored lands for agriculture and this would lead the fertilizer market to grow enormously in coming future years. In the future years Latin America can be seen as a major supplier of agricultural commodities for the ever increasing world population. International trading companies are investing in this region for grains and oilseeds production. Although there are unexplored land areas they are highly unevenly distributed mostly in Brazil & Argentina. The productivity can be increased within these countries in order to meet local demands and monetize on exports. Brazil and Argentina are top exporters of agricultural goods while Colombia has coal & natural gas reserves. Brazil has come out be a leader due to large investments in research & developments and credit systems in rural areas. Argentina has adopted modern farming techniques like no-tilling land, genetically modified seeds in spite of export taxes levied. Brazil is the top fruit growing country with 39.8 Million Tonnes and increasingly producing soybeans. Unlike other regions, fertilizers account for highest application for the growing of fruits & vegetables in this country. Argentina grows soybeans, wheat, maize, grapes, sunflower seeds, sugarcanes and apples. Earlier soybeans were not cultivated but with increasing demand and profits in soybeans the farmers have shifted preferences. It accounts for third largest producer of soybeans after USA and Brazil. Colombia has approximately 10% of world plantation species with Encenillo Tree, Palma de Cera, Pekea Nut Tree, and Marmalade Bush. Colombia is again a major fruits & vegetable producing country of Latin America. Some of its major crops include bananas, lemons, berry, onion, oranges and pineapple. The pandemic however did not much affect the region’s agricultural production critically but the input materials flow was affected. Before the seed sowing season the farmers were short of fertilizers which can impact the output crops. Farmers had less liquidity to purchase and labour movements were restricted. This crisis can be overcome by converting primary production to more sustainable one through technology and government support. Major Companies present in the market The Mosaic Company, Yara International, Nutrien Limited, K+S Aktiengesellschaft, OCP Group, CF Industries Holdings, Sociedad Química y Minera de Chile (SQM), National Fertilizers Limited Coromandel International Limited, EuroChem Group, Wesfarmers, Indian Farmers Fertilizer Co-operative Limited (IFFCO) Considered in this report • Geography: Latin America • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Latin America fertilizer market with its value and forecast along with its segments • Country-wise fertilizer market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report • Brazil • Argentina • Columbia 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 physical formulation in the report: • Dry • Liquid 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.

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