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The amino acid fertilizer market size is estimated to grow at a CAGR of 8.81% between 2023 and 2028. The market size is forecast to increase by USD 255.56 million. The growth of the market depends on several factors including the global initiatives to improve agricultural output in underdeveloped countries, the growing adoption of organic farming in developed countries, and the increasing popularity of integrated plant nutrient management.
This amino acid fertilizer market report extensively covers market segmentation by product (liquid formulated fertilizers and dry formulated fertilizers), application (crops, horticulture, and gardening), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the amino acid fertilizer market growth is the global initiatives to improve agricultural output in underdeveloped countries. There is an increasing focus by global organizations and governments on food safety and security through various initiatives for enhancing agricultural productivity. In addition, the rise in the number of such initiatives will improve both the availability and affordability of agricultural raw materials and machinery.
Moreover, these initiatives also help in spreading awareness about various raw materials, including fertilizers, which are essential for crop growth and durability. In addition, since amino acids play an important role in agriculture by improving crops' protein synthesis and quality, adding external amino acids as fertilizers will optimize crop yield. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the amino acid fertilizer market growth is the increasing use of amino acid fertilizers as bio-stimulants. The increasing use of amino acid fertilizers as bio-stimulants, which are essential for fuelling plant growth, stress tolerance, and eventually crop yields, is a significant trend in the global amino acid fertilizer market. In addition, this pattern is in line with the rising demand for organic and sustainable agricultural methods.
Moreover, as naturally occurring substances, amino acids have the power to support physiological and metabolic functions in plants, hence improving growth and resilience to environmental stressors, including heat, drought, and illness. For instance, amino acid-based bio-stimulants can improve photosynthesis, nutrient uptake, and root development, resulting in healthier and more fruitful crops. Furthermore, this pattern illustrates the trend in the agriculture sector towards high-efficiency, environmentally friendly solutions as farmers look to maximize output while reducing their impact on the environment. Hence, such factors are driving the market growth during the forecast period.
Decreasing the availability of arable land is one of the key challenges hindering the amino acid fertilizer market growth. There is a decline in arable land due to factors such as rising industrialization, urbanization, energy demand, and population growth. For instance, In the 1950s, more than the required area of arable land was at hand to meet the global demand for food. However, such land has shrunk over the years amid rapid urbanization and industrialization.
Moreover, as per the United Nations' Food and Agriculture Organization, developing countries such as China and India will require an additional 120 million hectares of land to cater to the food requirements of their populations by 2030. In addition, arables also become unproductive due to inappropriate agricultural practices and lower overall yield volumes. Hence, such factors are negatively impacting the market which in turn hinders the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Amino Acid Fertilizer Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AGRI nova Science SA: The company offers amino acid fertilizer such as Aminogreen 9 which improves the crop even in stressful situations plagues, frosts, drought, and etc.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The liquid formulated fertilizers segment is estimated to witness significant growth during the forecast period. The increasing adoption of this segment stems from their ease of administration. In addition, nutrients are absorbed through pores in the leaves, with the absorption rate being relatively quicker than absorption through the roots. Therefore, the ease of use and quick absorption of liquid formulated amino acid fertilizers are fuelling the growth of this segment.
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The liquid formulated fertilizers segment was the largest segment and was valued at USD 263.66 million in 2018. Moreover, the liquid amino acid fertilizers are a homogeneous blend, with each droplet containing a uniform mixture when compared to dry-formulated fertilizers. In addition, this segment is low in salt content, and this limits potential seed burn and tissue damage. Some of the main market players which offer liquid formulated amino acid fertilizers in the liquid form include Aminocore, Futureco Bioscience, AGRI Nova Science, Gowan Company, and Isagro. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is a rapidly growing region in the global amino acid fertilizer market, due to its rapid industrialization and urbanization, which has increased the disposable income of individuals. For instance, the gross national income (GNI) per capita of China was more than USD12,800 in 2022, an approximate 7%-8% increase from 2021.
Moreover, increased disposable income in this region boosts the demand for healthier, safer, and more nutritious food. In addition, China and India rank among the top regional markets in terms of agricultural output, and these countries are likely to attract significant investments in agribusiness. Furthermore, the agricultural sector in APAC is witnessing considerable growth from factors including increasing population, economic development, and rising purchasing power of farmers. Hence, such factors are driving the market growth in APAC during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global amino acid fertilizer market witnessed a significant slowdown due to a disruption in supply chain operations in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations across the supply chain. Such factors are expected to drive the market during the forecast period.
The amino acid fertilizer market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Amino Acid Fertilizer Market Scope |
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Report Coverage |
Details |
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Page number |
158 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.81% |
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Market Growth 2024-2028 |
USD 255.56 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
8.75 |
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Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
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Performing market contribution |
APAC at 44% |
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Key countries |
US, China, India, France, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AGRI nova Science SA, Amega Sciences Inc., Aminocore, Futureco Bioscience SA, Gowan Co., Haifa Negev technologies Ltd., Humintech GmbH, Israel Chemicals Ltd., OMEX, Protan AG, QINGDAO FUTURE GROUP, Shanghai Tongrui Biotech Co. Ltd., Sociedad Quimica y Minera de Chile SA, SOM Phytopharma India Ltd., Syngenta Crop Protection AG, Unicrop Biochem, Isagro Spa, Tagrow Co. Ltd., Uralchem JSC, and Yara International ASA |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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