Demand for fillers from the fertilizer industry has been increasing steadily over the years. Limestone, as an ingredient, has witnessed robust demand for use in fertilizers in the regions of Asia Pacific and North-America. Players in these regions are extracting limestone from mineral mines and processing it into various sizes according to the requirements of end-use fertilizers.
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As per Fact.MR’s report, the fertilizer fillers market reached a valuation of US$ 981 in 2020, and projected to expand at a CAGR of around 5% through 2031. During the year 2020, the market witnessed decreasing demand due to the COVID-19 outbreak, especially from Asia Pacific and North-America. However, 2021 and ahead looks brighter, with the growth trajectory of the market expected to resume to normal levels.
Key Takeaways from Study
- The fertilizer fillers market is anticipated to add 1.6X value by 2031 as compared to 2021.
- East Asia is set to dominate market revenue, and is expected to gain 376 BPS in its market share by 2031.
- Considering ingredients, sand is anticipated to gain around 111 BPS over the forecast period of 2021-2031, with limestone losing around 12 BPS by 2031
- The market in the China is projected to expand at a CAGR of over 7% through 2031.
- Micronutrients, under filler type, captures a major chunk of the market, and this segment projected to expand at a CAGR of over 5% over the long-run forecast period.
- Due to the COVID-19 crisis, demand for fertilizer fillers was hit in 2020, which saw decline of 1.1%. The year 2021 is expected to witness growth of over 4%.
“Increasing consumption of fertilizers in the agricultural sector across geographies is expected to boost consumption of fillers throughout the forecast period,”says a Fact.MR analyst.
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Key Market Segments Covered in Report
Filler Type
- Micronutrients
- Secondary Nutrients
Mesh Size
- 5-10
- 10-20
- 20-50
- 50-100
- Above 100
Ingredient Type
- Sand
- Limestone
- Clay
- Others
Function
- Anti-caking
- Micronutrient Binders
- Colorants
- Defoamers
- Dust Suppressants
- Others
Application
- Organic Fertilizers
- Chemical Fertilizers
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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The report covers following Fertilizer Fillers Market insights and assessment that are helpful for all participants involved in the Intradermal Injections market:
- Data on recently introduced regulations and their impact on key industries and on demand in Intradermal Injections
- Latest industry Analysis on Fertilizer Fillers Market with key analysis of market drivers, trends, and influencing factors
- Key trends Analysis of Fertilizer Fillers Market and changing consumer preferences in major industries.
- Changing Intradermal Injections demand and consumption of diverse products
- Major trends underlining funding by key investors in numerous countries
- New investment opportunities in diverse technology and product or service types
- Comprehensive data and Competitive analysis of Intradermal Injections major players
- Fertilizer Fillers Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Intradermal Injections demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
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