The Business Research Company’s Chemical Fertilizers Global Market Report 2020-30: Covid 19 Impact and Recovery. The report covers market size, key players, market share and trends to 2030.
Chemical Fertilizers Global Market Report 2020-30: Covid 19 Impact and Recovery is one of a series of new reports from The Business Research Company that provide Chemical Fertilizers market overviews, analyze and forecast market size and growth for the whole market, Chemical Fertilizers market segments and geographies, Chemical Fertilizers market trends, Chemical Fertilizers market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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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.
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The chemical fertilizers market consists of the sales of fertilizers by entities (organizations, sole traders or partnerships) that produce nitrogenous or phosphate fertilizers materials, produce fertilizers from sewage or animal waste, manufacture nitrogenous or phosphate materials and mix with other ingredients into fertilizers, and/or mix ingredients made elsewhere into fertilizers.
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