Fertilizer Demand in Brazil to Increase 3.2% Annually Through 2022

Soybeans will be the largest and fastest growing users of fertilizer in Brazil

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Jan 28, 2019, 13:47 ET

CLEVELAND, Jan. 28, 2019 /PRNewswire/ -- Demand for fertilizer in Brazil is forecast to climb 3.2% per year to 18.6 million metric tons (nutrient basis) in 2022. Gains will be among the fastest in the world, benefiting from increases in agricultural production and increased application of fertilizer per hectare. Brazil has a large agricultural industry, as well as ample unused arable land that is increasingly being cultivated. However, this land tends to be nutrient-poor, requiring greater amounts of fertilizer. These and other trends are presented in Global Fertilizers, a new study from The Freedonia Group, a Cleveland-based industry research firm.

More information about this study is here: https://www.freedoniagroup.com/industry-study/global-fertilizers-3657.htm

Among crops, soybeans will be the largest and fastest growing users of fertilizer in Brazil through 2022. Brazil continues to allocate more acreage to soybean production, solidifying its status as a major producer of this crop. The country's soybean-intensive agricultural industry will also allow phosphate and potassium fertilizers – which are more frequently used for soybeans – to grow at an above average pace through 2022.

Global demand for fertilizers is expected to rise 1.4% per year to 212.1 million metric tons (nutrient basis) in 2022. Gains will result from efforts to increase crop yields as growth in the amount of cropland in use slows. The expanding use of specialized fertilizer blends that contain multiple nutrients and additives for specific crops in particular climates will also promote rising demand in otherwise mature markets.

Global Fertilizers (published 01/2019, 334 pages) is available for $6200 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/World-Fertilizers.html

About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Chemicals studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.

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SOURCE The Freedonia Group