Mexico Fertilizer Market Overview, 2027

Mexico Fertilizer Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

"Mexico, blessed with various agricultural landscapes and a strong agricultural tradition, has a robust fertiliser industry that is critical to the country's agricultural production and food security. Mexico provides a unique setting for agricultural development, spanning from lush plains to high-altitude plateaus, due to its extensive arable areas and diverse climatic conditions. The Mexican fertiliser industry includes a diverse variety of products, including organic and inorganic fertilisers adapted to particular nutritional requirements of different crops and soil types. As Mexico prioritises sustainable farming practises and environmental stewardship, there is a growing need for environmentally friendly fertilisers that increase soil health, reduce environmental impact, and boost crop yields. The market provides a varied array of fertilisers, such as nitrogen-based, phosphorous-based, and potassium-based versions, as well as specialised formulations to treat particular nutritional deficits. With an increased emphasis on precision agriculture and the use of new agricultural technology, Mexico has seen an increase in the usage of novel fertilisers such as controlled-release and foliar fertilisers, which maximise nutrient efficiency and minimise nutrient losses. Furthermore, the Mexican fertiliser market is distinguished by a robust network of domestic and foreign producers, which ensures a consistent supply of high-quality fertilisers while encouraging healthy competition in the industry. Agriculture is an important industry for Mexico's economic growth and food security, and the fertiliser market is evolving as a result of advances in agricultural research, increased awareness of sustainable farming practises, and the desire of higher crop yields. The Mexican fertiliser market is prepared to make a substantial contribution to the country's agricultural growth, assisting farmers in their pursuit of increased productivity and sustainable agricultural practises. According to the report titled """"Mexico Fertilizer Market Overview, 2027"""", published by Bonafide Research, the consumption of the Mexico fertiliser market is expected to grow steadily over the forecast period. Nitrogenous fertilisers dominate the market, while complex fertiliser use is expected to grow in the coming years. However, high prices of complex fertilisers are still a restraint, resulting in low demand from farmers. Cereals and grains have maximum application of fertilizers, while over the forecast period it is expected that fertilisers will be used more to produce oilseeds and pulses. Cereal and grain demands are rising to meet the proportionately growing population around the country. Increased demand for rice, wheat, barley, maize, paddy, and other crops means increased demand for fertilisers to increase yields that are both more in number and also quality. Dry fertilisers dominate the market as they are easy to store and do not require special conditions as they can be kept at room temperature. They are more effective at pre-plantation time as they are slowly released to the seeds. It is cost-effective when buying bulk quantities of fertilizer. Granular fertilisers vary in size and consistency based on the brand and the source of the product. Moreover, dry fertilisers have a longer shelf life. Most dry fertilisers will last an eternity if stored away from moisture and direct sunlight. The rise in demand for dry fertilisers by consumers has generated significant demand for fertilizers. However, uncontrolled use of fertilisers results in pollution of the soil and crops, which affects their growth.

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The decrease in arable land in the country is driving the market for fertilizers. Increasing urbanisation and commercialization is another factor resulting in a declining land area for agriculture. Fertilizers are demanded more with the rising food demand from the ever increasing population of the country, and water soluble fertilisers in the forecast period. However, organic fertilisers challenge the demand for chemical fertilizers. Since the farmers are uneducated in developing countries, they lack optimum utilisation of the fertilizers. The recent government regulations pertaining to the use of fertilisers for agricultural purposes act as a growth hindrance. The rise in awareness campaigns to educate farmers regarding the benefits of fertilizers, such as promoting the use of fertilisers via television advertisements and workshops, is estimated to drive the fertiliser demand. COVID-19 Impact: Agriculture was an essential activity and so was exempted from government regulations during the pandemic. But the restrictions on the movement of people and goods created challenges for the industry, halting the supply of fertilizers. Due to non-availability, the farmers were not able to sow the seeds at the proper time and the food production came to a standstill. Due to the shortage of labour and the shutdown of a few fertiliser plants located in the integrated chemical complexes, shipments were affected in the initial lockdown process. China, a major fertiliser supplier to the world markets, was not able to export fertilisers to other countries, which created scarcity and a price hike in fertilizers. However, government initiatives and subsidies after the pandemic have eased the farmers' burdens, giving them relief for fertiliser purchases. Considered in this report • Geography: Mexico • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027

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Manmayi Raval

Manmayi Raval

Research Consultant

Aspects covered in this report • Mexico fertilizer market with its value and forecast along with its segments • Application wise fertilizer consumption • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Types of fertilizer by nutrient in the report: • Nitrogenous fertilizer (Urea, ammonium sulphate, CAN/ AN, others) • Phosphate fertilizer (Di-ammonium phosphate, mono-ammonium phosphate, others) • Potash fertilizer (Muriate of potash/potassium chloride, sulphate of potash others) • Complex fertilizer (NPK, NK, PK, NP compounds) By Product type in the report: • Urea • Ammonium sulphate • Calcium ammonium nitrate/ Ammonium nitrate • Di-ammonium phosphate (DAP) • Mono-ammonium phosphate (MAP) • Muriate of potash (MOP)/ (KCl) • Sulphate of potash (SOP) • Complex (NPK, NK, PK, NP)

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Manmayi Raval

By physical formulation in the report: • Dry • Liquid The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. Please get in touch with our sales team to find out more. """

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Introduction
  • 2.1. Market Definition
  • 2.2. Market Scope & Segmentation
  • 2.3. Research Methodology
  • 3. Mexico Macro-Economic Indicators
  • 4. Mexico Fertilizer Market Category Analysis
  • 4.1. Key findings
  • 4.2. Market Drivers
  • 4.3. Market Restraints
  • 4.4. Policies & Certification
  • 4.5. Opportunities
  • 4.6. Value Chain Analysis
  • 4.7. Key Developments - 2021
  • 5. Mexico Fertilizer Market Trends
  • 6. Mexico Fertilizer Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Nutrients
  • 6.2.2. By Products Type
  • 6.2.3. By Application
  • 7. Mexico Fertilizer Market Segmentations
  • 7.1. Mexico Fertilizer Market, By Nutrient Types
  • 7.1.1. Mexico Fertilizer Market Size, By Nitrogenous Ferilizer, 2016 - 2027F
  • 7.1.2. Mexico Fertilizer Market Size, By Phosphate Fertilizer, 2016 - 2027F
  • 7.1.3 Mexico Fertilizer Market Size, By Potash Fertilizer, 2016 - 2027F
  • 7.1.4. Mexico Fertilizer Market Size, By Complex, 2016 - 2027F
  • 7.2. Mexico Fertilizer Market, By Product
  • 7.2.1. Mexico Fertilizer Market Size, By Urea, 2016 - 2027F
  • 7.2.2. Mexico Fertilizer Market Size, By Ammonium Sulphate, 2016 - 2027F
  • 7.2.3. Mexico Fertilizer Market Size, By Calcium Ammonia Nitrate, 2016 - 2027F
  • 7.2.4. Mexico Fertilizer Market Size, By Di-Ammonia Phosphate, 2016 - 2027F
  • 7.2.5. Mexico Fertilizer Market Size, By Mono-Ammonia Phosphate, 2016 - 2027F
  • 7.2.6. Mexico Fertilizer Market Size, By Muriate of Potash, 2016 - 2027F
  • 7.2.7. Mexico Fertilizer Market Size, By Sulphate of Potash, 2016 - 2027F
  • 7.2.8. Mexico Fertilizer Market Size, By Complex, 2016 - 2027F
  • 7.3. Mexico Fertilizer Market, By Application
  • 7.3.1. Mexico Fertilizer Market Size, By Vegetable and Fruits, 2016 - 2027F
  • 7.3.2. Mexico Fertilizer Market Size, By Cereals and Grains, 2016 - 2027F
  • 7.3.3. Mexico Fertilizer Market Size, By Oilseeds and Pulses, 2016 - 2027F
  • 7.3.4. Mexico Fertilizer Market Size, By Oilseeds and Pulses, 2016 - 2027F
  • 8. Mexico Fertilizer Market Opportunity Assessment
  • 8.1. Mexico Fertilizer Market By Nutrient, 2022F to 2027F
  • 8.2. Mexico Fertilizer Market By Products, 2022F to 2027F
  • 8.3. Mexico Fertilizer Market By Application 2022F to 2027F
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profiles
  • 9.2.1. Company 1
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 9.2.6. Company 6
  • 9.2.7. Company 7
  • 9.2.8. Company 8
  • 10. Strategic Recommendations

List of Tables
Table 1: Mexico Fertilizer Market Share By Product Type (2016, 2021 & 2027F)
Table 2: Mexico Fertilizer Market Size of Nitrogenous Ferilizer (2016 to 2027F) (In USD Billion)
Table 3: Mexico Fertilizer Market Size of Phosphate Fertilizer (2016 to 2027F) (In USD Billion)
Table 4: Mexico Fertilizer Market Size of Potash Fertilizer (2016 to 2027F) (In USD Billion)
Table 5: Mexico Fertilizer Market Size of Complex (2016 to 2027F) (In USD Billion)
Table 6: Mexico Fertilizer Market Size of Urea (2016 to 2027F) (In USD Billion)
Table 7: Mexico Fertilizer Market Size of Ammonium Sulphate (2016 to 2027F) (In USD Billion)
Table 8: Mexico Fertilizer Market Size of Calcium Ammonia Nitrate (2016 to 2027F) (In USD Billion)
Table 9: Mexico Fertilizer Market Size of Di-Ammonia Phosphate (2016 to 2027F) (In USD Billion)
Table 10: Mexico Fertilizer Market Size of Mono-Ammonia Phosphate (2016 to 2027F) (In USD Billion)
Table 11: Mexico Fertilizer Market Size of Muriate of Potash (2016 to 2027F) (In USD Billion)
Table 12: Mexico Fertilizer Market Size of Sulphate of Potash (2016 to 2027F) (In USD Billion)
Table 13: Mexico Fertilizer Market Size of Complex (2016 to 2027F) (In USD Billion)
Table 14: Mexico Fertilizer Market Size of Vegetable and Fruits (2016 to 2027F) (In USD Billion)
Table 15: Mexico Fertilizer Market Size of Cereals and Grains (2016 to 2027F) (In USD Billion)
Table 16: Mexico Fertilizer Market Size of Oilseeds And Pulses (2016 to 2027F) (In USD Billion)
Table 17: Mexico Fertilizer Market Size of Oilseeds And Pulses (2016 to 2027F) (In USD Billion)
Table 18: Key Facts of Company 1
Table 19: Key Facts of Company 2
Table 20: Key Facts of Company 3
Table 21: Key Facts of Company 4
Table 22: Key Facts of Company 5
Table 23: Key Facts of Company 6
Table 24: Key Facts of Company 7
Table 25: Key Facts of Company 8

List of Figures
Figure 1: Mexico Fertilizer Market Size By Value 2016 to 2027 (In USD Billion)
Figure 2: Mexico Fertilizer Market Share By Fertilizer Types (2016, 2021 & 2027)
Figure 3: Mexico Fertilizer Market Share By Application (2016, 2021 & 2027)
Figure 4: Market Attractiveness Index, By Nutrient
Figure 5: Market Attractiveness Index, By Products
Figure 6: Market Attractiveness Index, By Application
Figure-7: Porter's Five Forces Meter of Fertilizer industry in Mexico
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Mexico Fertilizer Market Overview, 2027

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