"Australia, a country with diverse ecosystems and extensive agricultural landscapes, has a robust and active fertiliser industry that is critical to the country's agricultural production and the health and vitality of its plants and crops. The Australian fertiliser industry offers a wide selection of goods intended to fulfil the individual demands of farmers, horticulturists, and landscapers alike, with a strong emphasis on sustainable agriculture and responsible land management. The industry offers a wealth of solutions aimed to improve soil fertility, promote healthy plant development, and optimise crop yields, ranging from classic chemical fertilisers to organic and ecologically friendly alternatives. Australia poses distinct problems in agriculture because to its varied climatic conditions and soil types, and the fertiliser industry offers specialised solutions to solve these issues. The market responds to the varying demands of different locations and crops, ranging from water-soluble fertilisers ideal for dryland farming to slow-release formulations that give nutrients over extended periods. There has been an increasing awareness of the environmental impact of fertilisers in recent years, leading to a rise in demand for eco-friendly and sustainable choices. Innovative fertilisers are being developed by manufacturers to reduce nutrient runoff and groundwater contamination while retaining optimal plant nutrition. Furthermore, technological improvements have cleared the door for precision agriculture, with the incorporation of fertilisers and data-driven agricultural practises. Farmers can now apply fertiliser more efficiently and correctly, resulting in better resource management and a lower environmental effect. The Australian fertiliser market continues to change, serving the ever-changing demands of the country's farmers and contributing to the growth and productivity of its agricultural sector, with a focus to quality, innovation, and sustainable agriculture. According to the report titled """"""""Australia Fertilizer Market Overview, 2027"""""""", published by Bonafide Research, the consumption of the Australia 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: Australia • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027
Aspects covered in this report • Australia 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)
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."""" """