UNITED STATES FERTILIZERS MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 A CAGR of 7.15 percent is anticipated for the US fertiliser market. Field crops have demonstrated a significant market share in the US, accounting for more than 78.0% of all farmland in the nation in 2021.

The majority of horticulture production takes place in ten states, which in 2019 accounted for 66.0% of all horticulture sales in the US. Oregon, Florida, and California had the highest sales in the nation. In horticultural crops, conventional fertilisers held the largest market share in 2021 (58.5%), followed by specialised fertilisers (41.4%). Because they are more widely used by farmers and are less expensive than specialty fertilisers, conventional fertilisers account for a greater portion of fertiliser use.

The yields of cereals are inversely correlated with nitrogen fertiliser use. The US Department of Agriculture reports that the country increased its farming area to plant 94.0 million acres of maize and 85.0 million acres of soybeans. This led to a rise in the consumption of nitrogenous fertilisers in 2021, supporting domestic crop output in the nation.

By 2020, there will be 330.0 million people living in the US, which will contribute to the country's growing food need. Therefore, increasing agricultural productivity is necessary to feed the world's expanding population. The World Bank estimates that in 2018, the United States' arable land (as a percentage of total land area) was about 17.2%.

Major Players: CF Industries Holdings, Inc., Koch Industries Inc., Nutrien Ltd., The Mosaic Co. and Wilbur-Ellis Company LLC

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