Nurturing Growth: Exploring the World of Chemical Fertilizers and Their Market Impact

Fertilizers, specifically chemical fertilizers, are substances used to enhance plant growth and provide essential nutrients to crops. They are manufactured through a chemical process and typically contain a combination of nitrogen, phosphorus, and potassium, along with other micronutrients. Chemical fertilizers are widely used in agriculture to improve soil fertility and increase crop yields.

In the market, the wholesale purchase and sale of chemical fertilizers play a crucial role in meeting the global demand for agricultural inputs. Companies and suppliers engage in the trading and distribution of chemical fertilizers, ensuring their availability to farmers and agricultural industries. Additionally, chemical fertilizers are also a significant component of international trade, with countries exporting these products to cater to the needs of global markets.

Fertilizers Trade PCI Ranking

According to the Product Complexity Index (PCI), fertilizers are ranked 90th.

Facilities Required to Enter Fertilizers Market

• Manufacturing Facilities:

Setting up or partnering with a fertilizer manufacturing facility to produce the desired fertilizers.

• Supply Chain Management:

Establishing a robust supply chain network to procure raw materials, manage production, and distribute the fertilizers efficiently.

• Regulatory Compliance:

Ensuring compliance with regulations and obtaining necessary permits and certifications for manufacturing, storage, and distribution of fertilizers.

• Quality Control:

Implementing quality control measures to ensure the production of high-quality fertilizers that meet industry standards and customer requirements.

• Storage and Warehousing:

Securing appropriate storage facilities to store fertilizers safely and maintain their quality over time.

• Sales and Distribution Channels:

Establishing a strong sales and distribution network to reach customers, including wholesalers, retailers, and agricultural organizations.

• Marketing and Promotion:

Developing effective marketing strategies to create awareness, showcase product benefits, and attract customers in the competitive fertilizers market.

Fertilizers Trade Tariffs 

Using the HS2 product categorization, the average tariff for fertilizers in 2018 was 2.99%, ranking it as the 94th lowest tariff.

Fertilisers Products List

• Nitrogen-based fertilizers:

  • Urea
  • Ammonium nitrate
  • Ammonium sulfate
  • Calcium ammonium nitrate (CAN)

• Phosphorous-based fertilizers:

  • Single superphosphate (SSP)
  • Triple superphosphate (TSP)
  • Di-ammonium phosphate (DAP)
  • Mono-ammonium phosphate (MAP)

• Potassium-based fertilizers:

  • Potassium chloride (Muriate of Potash)
  • Potassium sulfate (Sulfate of Potash)

• Compound fertilizers:

  • NPK fertilizers (containing nitrogen, phosphorous, and potassium in varying ratios)
  • Complex fertilizers (containing multiple nutrients like NPK, micronutrients, etc.)

• Micronutrient fertilizers:

  • Zinc sulfate
  • Iron chelates
  • Copper sulfate
  • Manganese sulfate
  • Boron fertilizer

• Organic fertilizers:

  • Compost
  • Manure
  • Bone meal
  • Fish emulsion
  • Blood meal

• Slow-release fertilizers:

  • Polymer-coated fertilizers
  • Controlled-release fertilizers

• Liquid fertilizers:

  • Liquid NPK fertilizers
  • Liquid micronutrient fertilizers