Global Smart Fertilizers Market, By Category (SmartPhosphates, SmartMicronutrients), Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Smart Fertilizers Market
Smart fertilizers market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to show market value of USD 0.81 billion by 2028 growing at a CAGR of 5.5% in the above-mentioned forecast period.
Smart fertilizers are the fertilizers which functions like a nutrient storehouse providing a continuous nutrient supply throughout the crop growth period for yield improvement in an environment-friendly way. They are generally developed for the smart phosphates and micronutrients. Smart fertilizers basically allow the plant to control the nutrient release itself, which is highly beneficial for the farmers as the crop requires different quantity of nutrition throughout their growth.
The decreasing per capita arable land and increasing food demand worldwide emerge as the major factor fostering the growth of the smart fertilizers market. Moreover, the benefits of increased yields as a plant requires different quantities of nutrients at different stages of its life cycle further fosters the growth of the market. The environment-friendly way of yield improvement also boost the market’s growth. However, the regions with lower awareness regarding the process of smart agriculture and smart fertilizers impedes the growth of the smart fertilizers market.
Growth and expansion of agricultural industry especially in the developing economies, development in fertilizers will create lucrative opportunities growth of the SMART fertilizers market. On the flip side, disruption in supply chain due to the COVID-19 is projected to challenge the market within the forecast period.
This smart fertilizers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on smart fertilizers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Fertilizers Market Scope and Market Size
The smart fertilizers market is segmented on the basis of category and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of category, the smart fertilizers market is segmented into smart phosphates and smart micronutrients. Smart micronutrients are further sub-segmented into zinc, boron, manganese, others.
- On the basis of application, the market is segmented into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables and others.
Smart Fertilizers Market Country Level Analysis
The smart fertilizers market is analyses and market size, volume information is provided by category and application as referenced above.
The countries covered in the smart fertilizers market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
The Asia-Pacific region dominates the smart fertilizers market and will continue to flourish its dominance during the forecast period due to the high adoption of SMART fertilizers and rising government initiatives and investments in the agriculture sector. Europe, on the other hand is anticipated to show highest growth rate due to the rising preference for SMART fertilizers and high awareness regarding smart technology by the farmers within this region.
The country section of the smart fertilizers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Fertilizers Market Share Analysis
The smart fertilizers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart fertilizers market.
The major players covered in the smart fertilizers market report are SMART Fertilizer Software, Tracxn Technologies, Interagro (UK) Ltd, tolsmagrisnich, Haith Tickhill Group of Companies, Capterra Inc., OWLER, INC., Trimble Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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