Factors Driving the Biofortification Market

 The report “Biofortification Market by Crop (Sweet Potato, Cassava, Rice, Corn, Wheat, Beans, and Pearl Millet), Target Nutrient (Zinc, Iron, and Vitamins), and Region (Latin America, Africa, and Asia Pacific) – Global Forecast to 2023 “, is estimated at USD 78 million in 2018, and it is projected to grow at a CAGR of 8.6% from 2018 to reach USD 118 million by 2023. Biofortified crops are usually sweet potato, cassava, rice, corn, wheat, beans, pearl millet, and other crops such as tomato, banana, sorghum, and barley. The growth of the biofortification market is driven by the rising demand for high nutritional content in food.

By crop, the biofortified sweet potato is projected to dominate the biofortification market during the forecast period.

The sweet potato segment is estimated to hold the largest share of the biofortified crop market in 2018. The demand for biofortified crops such as sweet potato and cassava has increased with the rising technological advancements to increase the nutrient content, particularly in orange-fleshed sweet potato (OFSP). Sweet potato has been an important source of energy in the human diet for centuries owing to its high carbohydrate content. However, its vitamin A content from carotene only became recognized over the past century. Using biofortification, sweet potato breeding in Africa is focused on higher yields, sweeter taste, and higher dry matter, which increase its carotene concentration.

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By target nutrient, the vitamins segment is projected to be the fastest-growing segment in the biofortification market during the forecast period.

On the basis of target nutrient, the biofortification market is segmented into iron, zinc, vitamins, and others. The vitamins segment is the fastest-growing target nutrient in the biofortification market from 2018 to 2023. The demand for biofortified crops is increasing due to the increasing demand for high nutrient content in food. The rising demand for vitamins as feed additives or in premixes from the animal nutrition industry and the increasing demand for high-quality meat products have also been essential factors responsible for the increase in the demand for vitamins across the world.

Asia Pacific to be the dominant region in the biofortification market in 2018

The Asia Pacific is the dominant region in the biofortification market. Biofortification of crops has strong growth potential in agriculture, and it also improves the nutrition content in food. The biofortification market has grown considerably over the last five years, and this trend is expected to continue in the near future. The growing consumer demand for high nutritional content in food is projected to fuel the demand for biofortified crops, globally. Since the last decade, many countries in the Asia Pacific region have banned the usage of GM technology, and the researchers are opting to adopt biofortified crops as a key to unlock the region’s food production.

This report includes a study of marketing and development strategies along with the product portfolios of the leading companies in the biofortification market. It also includes the profiles of leading companies such as Bayer (Germany), Syngenta (Switzerland), Monsanto (US), and DowDuPont (US).

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Key Questions Addressed by the Report:

• What are the new target nutrients areas, which the biofortification companies are exploring?
• Which are the key players in the market and how intense is the competition?
• What kind of competitors and stakeholders such as biofortification companies, would be interested in this market? What will be their go-to strategy for this market and which emerging market will be of significant interest?
• How are the current R&D activities and M&As for biofortified crop industry projected to create a disruptive environment in the coming years for the agricultural sector?
• What will be the level of impact on the revenues of stakeholders through the benefits of nanotechnology to different stakeholders‒‒from rising farmer revenue to environmental regulatory compliance to sustainable profits for the suppliers?

Growth Opportunities in the Plant Breeding and CRISPR Plants Market

 The plant breeding and CRISPR plants market is estimated to account for USD 7.6 billion in 2018 and is projected to reach USD 14.6 billion by 2023, at a CAGR of 13.95% during the forecast period. Strong funding by the private and public sectors toward plant biotechnology such as the development of high-throughput sequencing systems and application of MAS and genomic selection in field and vegetable crops are projected to drive the growth of the market over the next five years.

On the basis of application, the cereals & grains segment is projected to witness the fastest growth during the forecast period.

Corn, wheat, and rice are the major cereals bred with advanced technologies such as molecular breeding and genetic techniques. The availability of germplasm for these crops encourages the adoption of advanced techniques for crop breeding. The economic importance of corn due to its application in various sectors and increasing demand for high-quality wheat and rice in the food industry are other reasons for the adoption of hybrid breeding technologies among seed producers.

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On the basis of type, the biotechnological method is projected to witness the fastest growth in the plant breeding and CRISPR plants market during the forecast period

The increasing adoption of hybrid and molecular breeding techniques in developing countries and the growing cultivation of GM crops in the Americas are factors contributing to its high growth. The growing market for crop genetics in various countries of the Americas and the declining cost of genetic procedures in the past decade are factors driving the demand for genetic engineering and genome editing in the region. Unlike genetic techniques, no regulations are implied by the government for molecular breeding across the globe, which is projected to drive the growth of the biotechnological method at a higher rate during the forecast period. Advances in the field of CRISPR gene editing technology have brought about the third revolution in crop improvement and these tools can be used along with existing technologies. Growing innovation would facilitate the growth of CRISPR technology in agriculture, especially in countries such as the US, China, Japan, Brazil, and South Africa.

On the basis of trait, the herbicide tolerance segment is projected to witness the fastest growth in the plant breeding and CRISPR plants market

Increasing regulations on the use of chemical pesticides and rising instances of pest attacks during the early germination phase have increased the need for pesticide-tolerant seeds. Herbicide tolerance has been one of the major traits targeted by plant genetic companies for transgenic and non-transgenic crops. Non-transgenic Clearfield herbicide tolerance technology, developed by BASF and Syngenta, is recognized as one of the groundbreaking innovations in hybrid breeding technology, and more companies have exhibited their interest to enter this industry, which is projected to contribute to the growth in the next five years.

North America is estimated to dominate the market in 2018, while the Asia Pacific is projected to witness the fastest growth through 2023.

The increasing industrial value for corn and soybean in the US has been encouraging breeders to adopt advanced technologies for better yield, owing to which the adoption rate for crop genetics in this country has been high. Also, the limited regulatory control and high promotional support for intellectual property affairs in genetic technology have been extremely favorable toward the adoption of plant biotechnological tools in agriculture. Hence, North America dominated the global plant breeding market in 2017. On the other hand, there has been an ever-increasing demand for commercial seeds in the Asian market, in line with the improving economic conditions. Also, seed manufacturers such as Bayer, Monsanto, and Syngenta have been showing increasing interest in tapping this potential market, wherein the companies have been expanding their R&D centers across the Asia Pacific.

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This report includes a study of development strategies of leading companies. The scope of this report includes a detailed study of major seed manufacturers that have in-house plant breeding facilities; these companies include players such as Bayer (Germany), Syngenta (Switzerland), DowDuPont (US), KWS SAAT (Germany), Limagrain (France), and DLF Trifolium (Denmark), and also major service providers, such as Eurofins (Luxembourg), SGS SA (Switzerland), Pacific Biosciences (US), Benson Hill Systems (US), Hudson River Biotechnology (US), Evogene (Israel), Bioconsortia (US), and Equinom (Israel).

Key questions addressed by the report:

• Which market segments to focus on in the next two to five years for prioritizing efforts and investments?
• Which region will have the highest share in the plant breeding and CRISPR plants market?
• Which type of plant breeding techniques have high demand in each key country market?
• What are the trends and factors responsible for influencing the adoption rate of biotechnological methods in key emerging countries? What is the level of investment preferred by local seed manufacturers to adopt these technologies?
• Which are the key players in the market and how intense is the competition?

Upcoming Growth Trends in the Pesticide Inert Ingredients Market

The report "Pesticide Inert Ingredients Market by Type (Emulsifiers, Solvents, and Carriers), Source (Synthetic and Bio-based), Form (Dry and Liquid), Pesticide Type (Herbicides, Insecticides, Fungicides, and Rodenticides), and Region - Global Forecast to 2023 " , The pesticide inert ingredients market is projected to reach USD 4.7 billion by 2023, from USD 3.5 billion in 2018, at a CAGR of 6.14% during the forecast period. The market is driven by factors such as the increasing demand for specific inert ingredients in pesticide formulation and capability of inert ingredients to improve the efficacy of pesticide application.On the basis of type, the emulsifiers segment is projected to witness the fastest growth during the forecast period.

Emulsifiers help in stabilizing the mixture of two liquids and avoid the formation of immiscible liquid phases. Major emulsifiers that are used as inert ingredients are polymers, nonylphenol and alcohol ethoxylates, and alcohol alkoxylates. The demand for emulsifier-based products remains high in the North American region due to the increasing industrialization and decreasing land area for agriculture, which in turn, creates demand for the use of pesticides for ensuring food security and production.

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With the increasing demand for organic fruits and vegetables, the bio-based segment is projected to witness the fastest growth, on the basis of source.

It has been witnessed that some of the inert ingredients used in pesticide formulation are more toxic than the active ingredients. Increasing health hazards associated with the usage of synthetic-based inert ingredients in pesticides creates an opportunity for the market players to develop bio-based inert ingredients from sources such as microbes for the formulation of bio-based pesticides. Governmental bodies and regulatory authorities have introduced regulations for the use of toxic pesticides, which affects the growth of bio-based inert ingredients in the market.

The Asia Pacific is projected to witness the fastest growth in the inert ingredients market through 2023.

Agriculture is one of the largest industries in the Asia Pacific region, with a large share of farmland and good soil fertility. Moreover, the region is rich in plant diversity due to the wide variations in climate across countries. Even though there is a variation in the agriculture system from basic systems in India to the technically advanced ones in Japan, the agenda of food security is supported by local governments in the Asian countries. The Asia Pacific region is one of the leading consumers of pesticides across the globe, although the region mainly depends on imports of pesticide supply.Since inert ingredients are majorly consumed by pesticide manufacturers at the production facility during the formulation stage, and since countries such as India, Thailand, and Vietnam depend on imports for formulations, the market for inert ingredients is projected to be smaller compared to the Americas and Europe. However, with the increasing establishment of production plants in the Asian countries, the use of inert ingredients along with pesticide application is projected to increase in the future.

This report includes a study of development strategies for leading companies. The scope of this report includes a detailed study of major companies such as BASF (Germany), Clariant (Switzerland), DowDuPont (US), Stepan Company (US), and Croda International Plc. (UK). Other players in the market include Eastman Chemicals (US), Solvay SA (Belgium), Evonik (Germany), Huntsman Corporation (US), AkzoNobel (The Netherlands), Royal Dutch Shell (The Netherlands), and LyondellBasell Industries (Netherlands). 

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Key questions addressed by the report:

• Which market segments to focus on in the next two to five years for prioritizing efforts and investments?
• Which region will have the highest share in the pesticide inert ingredients market?
• Which type of pesticide inert ingredients witnesses high demand in each key country market?
• What are the trends and factors responsible for influencing the adoption rate of bio-based inert ingredients in key emerging countries?
• Which are the key players in the market and how intense is the competition?

Growth Strategies Adopted by Major Players in the Protein Ingredients Market

 The global protein ingredients market size is estimated to be valued at USD 52.5 billion in 2020 and projected to reach USD 70.7 billion by 2025, at a CAGR of 6.1% during the forecast period. This is attributed to the increase in demand for protein functionalities, awareness about healthy diet & nutritional food, new technological development in the protein ingredients industry, growth in demand for superior personal care and healthcare products, and increase in consumption of animal by-products.

Market Dynamics:

DRIVER: Increasing demand for proteins as nutritional and functional ingredients

Protein ingredients sourced from both animals and plants are well-known for their emulsification, gelation/viscosity, water-binding/hydration, foaming, aeration properties; other attributes of protein ingredients include thickening ability, stabilizing ability, and solubility. These functionalities, along with nutritional aspects of proteins, are a major advantage to end-user industries, and are, thus, one of the major market drivers. Another advantage associated with protein sources used for specific functional properties is that they are often less price-sensitive than those that are used only for their nutritional properties. This often benefits the end-user industries with cost advantages. In the end-user industries such as cosmetic & personal care, protein ingredients are primarily used for their conditioning and moisturizing properties in the hair and skin care industries. In major applications such as food & beverages, the use of protein ingredients continues to grow with the increasing demand for improved functionalities. The ability of protein ingredient manufacturers to design and develop specific isolates, concentrates, and other forms of protein ingredients for dairy products, beverages, dietary supplements, infant formula, bakery products, confectionery, and other food products is likely to drive the growth of the protein ingredients market during the forecast period.

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CHALLENGE: Demand-based price fluctuations in cropping pattern

Even though the prices of soy proteins are comparatively lower than most of the proteins, the supply can prove to be a significant factor in price escalation. The raw material for soy protein ingredients is soy meal, which is also highly demanded by the feed industry. Unless there is no drop in the cultivation area under soybeans, the supply is expected to remain unfazed for both feed and protein manufacturers.

Sometimes, crop growers, to avail better crop value, change their crop patterns, which can marginalize the flow of supply, and thereby, lead to an increased demand for protein manufacturing and price escalation. In 2013, increased diversion to biofuel and vegetable oil consumption led to more corn and canola production than soybean in North America. However, soybean cultivation has been maintaining better positive year-by-year growth in this region. So, the crops cultivated by growers are subject to change, based on the crop demand and price value. A wide-scale change in cropping patterns can be expected with the decline in price levels for a crop after a certain point of price saturation. Around 2020, this can play an important role in seeking a cost-effective supply channel to maintain operational efficiency, as Latin America is expected to near its optimum land resource utilization for soybean by that time.

The pharmaceutical segment is projected to be the fastest-growing segment during the forecast period

The pharmaceutical segment is projected to be the fastest-growing, by application, during the forecast period. This is attributed to the increase in the aging population and their need for improved metabolism and health products as proteins are essential amino acids that help the human body boost its immunity and help build and repair tissues. They are the building blocks for bones, muscles, cartilage, skin, and blood. Thus, protein form an important component in the pharmaceutical and healthcare industries.

Europe is projected to be the largest and fastest-growing market during the forecast period

The European market accounted for the largest share in the market. This dominance is attributed to high consumption in this region. The consumption in Europe is more than twice the global average consumption. The high-protein trend in food & beverages and personal care & cosmetics is gaining a foothold in Germany, as protein claims on food and drink launches continue their growth path. The increasing prevalence of health-related problems along with high importance being laid on the quality, taste, and freshness of foods is modifying food demand, owing to which, the market for protein ingredients is projected to witness growth.

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This report includes a study of the marketing and development strategies used, along with the product portfolios of leading companies. It consists of the profiles of leading manufacturers such Cargill (US), ADM (US), DuPont (US), Kerry Group (Ireland), Omega Protein Corporation (US), Friesland (Netherlands), Fonterra (New Zealand), Arla Foods (Denmark), AMCO (US), Roquette (France), Gelita AG (Germany), Kewpie Corporation (Japan), AGRANA (Austria), AMCO Proteins (US), Hilmar Ingredients (US), Axiom Foods (US), and Burcon Nutrascience (Canada).

Recent Developments:

• In May 2020, Cargill and Procter & Gamble collaborated to introduce nature-powdered innovation, fueling the future for more powerful products.
• In October 2019, Cargill announced plans to invest $USD 225 million at a facility in Sydney, Ohio, to better serve area farmers and meet the growing demand for protein and refined oils.

Drip Irrigation Market to Witness Unprecedented Growth in Coming Years

The global drip irrigation market is projected to grow from USD 5.5 billion in 2020 to USD 9.3 billion by 2025, at a CAGR of 10.8%. The rise in the popularity of drip irrigation solutions can be attributed to government initiatives, water conservation activities, enhancement of production, and decrease in production cost. Markets such as China and India are among the key markets targeted by drip irrigation manufacturers and distributors due to the large agriculture sector driven by regional demand and exports that are adopting drip irrigation services in the region.

Market Dynamics:

Driver: Government programs and subsidies driving acceptance of drip irrigation systems

Developing countries such as India and China are among the major countries adopting drip irrigation systems, and the key driver is the support from government agencies and public-private partnerships through prominent industry participants. Government programs such as India’s Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) seeks to extend the coverage of micro-irrigation in the country through subsidies on kits and systems to improve acceptance among farmers. State-sponsored projects are another factor that continues to drive the growth of drip irrigation systems in developing countries.

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Challenge: Soil salinity hazards and bio clogging in drip irrigation systems

Drip irrigation systems are often limited by the presence of high saline content in water, which poses a threat to the crops being grown. The excess of salt content is one of the major concerns with water used for irrigation. A high salt concentration present in the water and soil would negatively affect the crop yields, degrade the land, and pollute groundwater. The use of drip irrigation systems causes no foliar accumulation of salts; however, the salt accumulates near the periphery of the wetted area. This salt accumulation is a cause for concern when the emitter placement does not coincide with the location of the plant row, particularly for crops that are sensitive to soil salinity.

Increasing concerns over water withdrawal and government initiatives are the key factor driving the growth in the drip irrigation market during the forecast period

Drip irrigation helps minimize water loss due to evaporation by distributing water through a network of valves, pipes, tubing, and emitters. Drip irrigation methods are known to offer a significant advantage in efficiency against other conventional irrigation methods, including sprinkler and flooding. The adoption of micro irrigation technology has helped achieve higher cropping and irrigation intensity, which has made a significant impact on resource saving, cultivation cost, crop yield, and farm productivity. This technology has received considerable attention from policymakers and government for its perceived ability to contribute significantly toward agricultural productivity and economic growth.

Asia Pacific is projected to account for the largest market size during the forecast period

The Asia Pacific drip irrigation market is estimated to be the largest between 2020 and 2025 and is projected to grow at the highest CAGR. Asia Pacific was the largest consumer of drip irrigation in 2020. The region is marking a dramatic shift from the installation of basic irrigation facilities to the adoption of precision irrigation systems through technological upgrading. The focus of agriculture has shifted from traditional crops to more commercial crops. Due to these changes, irrigation facilities are expected to modernize their irrigation management and preferably their infrastructure. Drip irrigation has become an essential aspect as commercial crops are sensitive to the amount of water required and the time taken for its delivery. 

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Key Market Players:

The key drip irrigation manufacturers in this market include Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), Netafim Limited (Israel), Rain Bird Corporation (US), Chinadrip Irrigation Equipment Co. Ltd. (China), Elgo Irrigation Ltd. (Israel), Shanghai Huawei Water Saving Irrigation Corp. (China), Antelco Pty Ltd. (Australia), EPC Industries (India), Microjet Irrigation (South Africa), KSNM Drip (India), Sistema Azud (Italy), Metzer Group (Israel), Grupo Chamartin Chamsa (Italy), and Dripworks Inc. (US). These players are undertaking a strategy involving new product launches, acquisitions, and collaborations & agreements to improve their market position and extend their competitive advantage.

Recent Developments:

• In June 2020, Lindsay Corporation announced the acquisition of Net Irrigate, LLC (US), an agriculture Internet of Things technology company that provides remote monitoring solutions for irrigation customers. The acquisition would help the company to enhance its irrigation technology offering.
• In May 2020, The Toro Company launched clog-resistant drip tape, Toro Aqua-Traxx Azul drip tape. The drip tape offers a filter inlet design and optimized flow passages that pass through debris to maximize clog resistance and product performance.

Feed Yeast Market Projected to Garner Significant Revenues by 2025

The report "Feed Yeast Market by Type (Yeast Derivatives, Probiotic Yeast, Brewer’s Yeast, and Specialty Yeast), Livestock (Ruminants, Swine, Poultry, Aquatic Animals, Pets and Equine), Genus , and Region - Global Forecast to 2025" size is projected to reach USD 2.3 billion by 2025, which was estimated at USD 1.8 billion in 2020; it is expected to grow at a CAGR of 5.1% from 2020. The market is driven by factors such as ban on the use of antibiotics in feed as a growth promoter and increasing use of yeast as a nutritional supplement for livestock. Also, rising concern regarding animal health and feed quality has been driving the growth of this market.

Report Objectives:

• Determining and projecting the size of the market with respect to type, livestock, genus, and region over a five-year period from 2020 to 2025
• Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
• Analyzing the demand-side factors on the basis of the following:
• Impact of macro- and microeconomic factors on the market
• Shifts in demand patterns across different subsegments and regions

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Market Dynamics

Driver: Increasing nutritional benefits from yeast-based feed products

Ample quantity of yeast is present in the environment. Some yeasts are isolated from natural products such as honey, fruits, soil, water, flowers, leaves, and stems. Feed ingredients such as grains, silage, and hay also have yeasts present in them. Most of the yeast species have no impact on animals and humans, while some have negative or positive effects. It has been observed that yeasts such as Saccharomyces cerevisiae, Kluyveromyces marxianus, and Candida utilis have a positive impact on animal health; they provide nutrition to animals and thus are used as feed additives. Besides application in animal feed, there are many commercial applications of different yeast genera in various industries such as brewing, bakery, food and flavoring, pharmaceutical, and bioethanol fuel production.

Challenge: Commercialization of duplicate and low-quality products

Lack of transparency in patent protection laws and regulatory compliance in various countries have led to the duplication of products. Low-quality products are also introduced in the market by regional or local manufacturers to reap the benefits of the growing demand for feed yeast. Duplicate and low-quality products can create health issues in the livestock and are a big concern for the producers. There are many small players in the developing markets of Asia Pacific that offer yeast-based feed ingredients without any brand name, and somehow increase their profits by selling unauthorized duplicate products. These local manufacturers attract the feed producers as well by offering lower prices for their low-quality feed yeast ingredients.

The Saccharomyces spp. segment is estimated to dominate the market during the forecast period.

Saccharomyces Spp. such as Saccharomyces cerevisiae and Saccharomyces boulardii are majorly used for yeast production and is used as one of the most important ingredients in feed. With the increasing demand for natural growth promoters for animals, the preference for Saccharomyces Spp. has increased as it is considered to be one of the best sources for nutritional yeast. The Saccharomyces Spp. segment accounted for the highest share in the feed yeast market in 2019 and witnessed high demand for use in feed yeast production.

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Asia Pacific is projected to be the fastest and largest-growing region in the feed yeast market.

As per the FAO figures of 2019, the consumption rate of meat products in East Asia had witnessed rapid growth. The consumption rate reached 50 kg per person in 2015 from nearly 9 kg per capita in the 1960s. However, the ban on the use of antibiotics as a growth promoter in the livestock sector across the European and North American countries has indirectly impacted the Asia Pacific countries. This has encouraged key companies of feed additives to develop natural growth promoters and health supplements. Since the ban, the livestock producers had identified innovative ways to promote animal production through products with similar benefits by replacing antibiotic growth promoters with microbial-based feed additives, which possess antibiotic properties. Many key players such as Lallemand Inc. (Canada) and Angel Yeast (China) are focusing on tapping the Asia Pacific market by setting up their feed additive manufacturing units.

Key Market Players:

Many domestic and global players provide feed yeast to improve animal health and performance. Major manufacturers have their presence in the European and Asian countries. The key companies in the global market are Associated British Foods PLC. (UK), Archer Daniels Midland (US), Alltech Inc. (US), Cargill, Incorporated (US), Angel Yeast Co. Ltd. (China), Chr. Hansen (Denmark), and Lesaffre (France), Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the market.

Nitrogenous Fertilizers Market to Showcase Continued Growth in the Coming Years

The report “Nitrogenous Fertilizers Market by Type (Urea, Ammonium Nitrate, Ammonium Sulfate, and Calcium Ammonium Nitrate), Form (Liquid and Dry), Mode of Application (Soil, Foliar, and Fertigation), Crop Type, and Region – Global Forecast to 2022″, The nitrogenous fertilizers market is projected to reach a value of USD 127.00 Billion by 2022, at a CAGR of 2.33% from 2016. The market is driven by factors such as need to increase productivity and level yield and fertilizer intensity gaps across regions, and rise in awareness regarding soil profile and nutritional balance backed by state support.

The objectives of the report are as follows:

• To define, segment, measure, and project the nitrogenous fertilizers market with respect to fertilizer type, crop type, mode of application, form, and key regions
• To identify, analyze, and comment on crucial factors influencing the overall market (drivers, restraints, opportunities, and industry-specific challenges)
• To profile the key players to comprehensively analyze their core competencies and market strategies and provide an overall competitive landscape in the market
• Analyzing the demand-side factors based on the impact of macro and microeconomic factors on the market and shifts in the demand patterns across different subsegments and regions

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The ammonium nitrate segment is projected to be the fastest-growing from 2016 to 2022

The ammonium nitrate segment is projected to grow at the highest CAGR from 2016 to 2022.Ammonium nitrate is the most effective means of increasing crop yield and has major impact in the productivity of the crop. The increase in awareness with regard to ammonium nitrate in the soil is driving the demand for this segment.

The fruits & vegetables segment is projected to grow at a significant rate during the forecast period

Fruits & vegetables are highly sensitive to the deficiencies of nutrients in the soil. These crops are of high value. The increased demand for fruits & vegetables and their sensitivity toward nutrients is driving the fruits & vegetables segment.

The South American region is projected to grow at a significant rate from 2016 to 2022

The South American region is projected to grow at the highest CAGR during the forecast period, owing to the factors such as growth in population, rise in disposable incomes, progressive urbanization, and increase in demand for nutritional food products that in turn drive the demand for agricultural products. Growth is majorly witnessed in China, India, and Japan owing to the increase in the purchasing power of the population.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies, such as Yara International ASA (Norway), Agrium Inc. (Canada), Coromandel International Limited (India), Potash Corp. of Saskatchewan Inc. (Canada), and Koch Industries Inc. (U.S.).

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Target Audience:

• Supply-side stakeholders: fertilizer producers, suppliers, distributors, importers, and exporters
• Demand-side stakeholders: Large contract-scale farming companies, farmers and researchers
• Regulatory-side stakeholders: Concerned government authorities and other regulatory bodies
• Other related associations, research organizations and industry bodies: Food and Agriculture Organization (FAO), International Fertilizer Industry Association (IFA), International Fertilizer Society (IFS) and Organization for Economic Co-operation and Development (OECD)