As cited by the research report titled ‘North America Fertilizer Market Forecast 2027 By Form, By Application, By Product, Research Report, Country Outlook,, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America fertilizer market is estimated to expand significantly over 2021-2027.
 

Emergence of new agriculture techniques such as organic farming and zero-tillage farming is a major factor driving North America fertilizer market growth. Increasing focus on human health and environmental sustainability after the pandemic are also favoring the industry progression.
 

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With rising population, the demand for food is increasing, leading to growing need for effective fertilizers and pesticides, thereby augmenting the industry scope. Moreover, introduction of high-quality organic fertilizers by industry participants is generating lucrative opportunities for market development.
 

On the downside, disruptions in the supply chain of agricultural products including fertilizers and pesticides due to the COVID-19 pandemic, along with scarcity of agricultural labor and shortage of funds are likely to impede the market progression over the projected timeline.
 

On the basis of product type, North America fertilizer industry is divided into organic and inorganic. The inorganic fertilizer segment accounted for over 95% share of the overall industry, and is anticipated to expand considerably over the estimated timeframe. This can be attributed to rising use of nitrogen, phosphorus, and potassium-based products, as combination of these nutrients is considered vital for the growth of crops.
 

The application range includes agriculture, horticulture, gardening, and others. Among these, the agricultural segment accounted for 45% of the market share in 2020 and is expected to grow lucratively over the forecast timeline. This can be accredited to rising use of fertilizers due to growing food demand, along with increasing need to replenish lost nutrients in soil. Moreover, development of innovative tools and equipment is bolstering the segmental outlook.
 

On the regional front, Canada market is expected to generate lucrative returns over 2021-2027, owing to extensive efforts from various industry stakeholders for developing best practices to mitigate climate change by protecting soil & water resources.
 

Leading players swaying North America fertilizer industry trends are Nutrien Ltd. (previously Agrium Inc.), Mosaic Company, Yara International ASA, BASF SE, CF Industries Holdings Inc., California Organic Fertilizers Inc., Sigma AgriScience LLC, Scotts Company LLC, Terra Nitrogen Company LP, and Trammo Inc.