According to the recent research report titled ‘Global Crop Nutrition Market (2021 Edition) - Analysis By Types of Nutrients, Application Method, Product Type, By Region, By Country: Market Insights and Forecast with Impact of Covid-19 (2021-2026)’ available with MarketStudyReport, global crop nutrition market was valued at USD 341.41 billion in 2021 and is expected to witness robust growth through 2021-2026.

The growing consumer preferences for sustainable food products, mounting global population, surging demand for yield and crop quality, and rapid agricultural digitalization are some of the major factors influencing the growth of global crop nutrition market.

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Based on nutrient types, the market is bifurcated into macronutrients and micronutrients. Among these, the macronutrient segment is expected to grow steadily in the forecast period, owing to their rising demand for maintaining crop health as well as its extensive use as essential nutrients.

Moving on to the application scope, the market is fragmented on the basis of soil, foliar, fertigation, and others. Out of these, the soil segment holds the largest market share and is anticipated to grow substantially over the forecast time spell, on account of its extensive usage to provide nutrition to crops.

In terms of product type, the market is segmented into fertilizer, soil amendments, and others. Among these, the fertilizers segment holds a prominent share in global crop nutrition market and is predicted to grow considerably over the analysis period, ascribed to the increasing demand for fertilizers to provide crop nutrition.

The regional analysis of this business space extends to Latin America, Asia-Pacific, Europe, and North America, with major emphasis on countries such as Brazil, Mexico, Russia, China, Japan, France, India, Germany, the U.S., and Canada.

The report claims that Asia pacific market registered exponential growth in 2020 and is anticipated to grow steadily over the review period. China and India are the major crop producers and are witnessing surging population. This coupled with rising demand for food products are stimulating the regional industry outlook.

The prominent companies influencing the global crop nutrition market trends are BASF SE, CF Industries Holdings Inc., Yara International ASA, ICL Group Ltd., Compass Minerals International Inc., Nutrien Ltd., Aries Agro Ltd., The Mosaic Company, Baicor, L.C., and Bioceres Crop Solutions Corp.