Press release
Global Aquaculture Fertilizer Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Aquaculture fertilizers, which also provide essential nutrients for aquatic animals raised in aquaculture, are specifically designed to promote the growth of algae, plankton, and other natural food sources. These fertilizers also enhance the health of the water, encourage development, and shield against sickness. Together with the other essential elements, phosphorus and potassium, it provides a supply of nitrogen that does not burn. Aquaculture fertilizers enhance the quantity of nutritional material in the pond and degrade extremely slowly over a longer period of time, making the pond productive.
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North America is projected to have the highest CAGR over the forecast period, owing to the growing demand for aquaculture products. The market in this domain is growing as sustainable aquaculture methods receive more attention. Canada exports a significant amount of fish and seafood. Additionally, the region's need for aquaculture fertilizer is being boosted by the existence of a well-established agriculture and aquaculture business as well as rising investment. The popularity of significant market participants like FMC Corporation, Yara International ASA, Mosaic Company, and others also contribute to the expansion of aquaculture fertilizer in this region.
Some of the key players profiled in the Aquaculture Fertilizer Market include The Mosaic Company, Yara International ASA, URALCHEM JSC, Nutrien Ltd., Sinofert Holdings Limited, Koch Industries, Inc., Agrimin Limited, ICL Group Ltd., OCP S.A., Luxi Chemical Group Co. Ltd., Gavilon Fertilizer LLC and Saudi Basic Industries Corporation.
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Key Developments:
In May 2023, The Mosaic Company announced that it has closed on a new $700 million 10-year term loan facility through the Farm Credit System. Uniquely available to agribusiness participants, this facility provides attractive terms that include a delayed draw option and prepayment with no penalty.
In May 2023, Yara International announced that it will build a new global production plant for specialty crop nutrition products and biostimulants designed to increase yields and improve quality.
In April 2022, Agrimin signed a legally binding offtake agreement with Gavilon Fertiliser, LLC, for the supply of 50 000 tpy of sulfate of potash (SOP) generated from the Mackay Potash Project for sale and distribution in the US.
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
For more information about this report visit https://www.strategymrc.com/report/aquaculture-fertilizer-market
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Stratistics MRC offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, Market experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
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