Growing demand for agriculturally based crops and favorable government policies are driving the demand for the Israel fertilizer market in the forecast period, 2023-2027. According to TechSci Research report, “Israel Fertilizer Market- By Region, Competition Forecast and Opportunities, 2017-2027”, Israel fertilizer market is anticipated to grow at an impressive rate on account of growing climate change and pollution, soil health, moisture-absorbing capacity, and other necessary minerals which are degrading the soil quality.
The Important Factors of the Israel Fertilizer Market
Farmer has been growing the same kind of crops on the same landmass for a long time, which makes the soil not favorable for agricultural activities. Farmers use a fertilizer that retains soil fertility or properties to fulfill the demand. According to the world bank report in 2022, the arable land of Israel has grown up to the 28% by 2018 and more than 4% in the past two years. Fertilizer consumption in the Israel region was 240 kilograms per hectare in 2018. The demand for food is growing unexpectedly as the population is growing. Israel is a country that grows surplus specialty crops and has the opportunity to gather the growing demand of the people. Thus, the agriculture sector’s growth will affect the region’s fertilizer demand. The limited water quota for agriculture and the fluctuation of raw materials prices are other hurdles for the market.
Profit is always a crucial part of starting and running any business. As per the factor mentioned above, this sector is the progressive and necessary sector for the survival of humankind. As agricultural activities grow, the demand for fertilizer will increase to make crops healthy and nutritious. Hence, during the projected period, the need for fertilizer is going to rise to retain the properties of soils. Thus, the abovementioned factors will drive the growth and directly impact the Israel Fertilizer market.
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The Israel Fertilizer Market is segmented based on origin, form, mode of application, crop type, and source.
Based on the fertilizer origin, the market is divided into Organic, Synthetic, and Bio-fertilizer. The Biofertilizer segment is expected to hold the largest market share in 2022. Biofertilizers help increases soil absorptivity, root expansion, and resistance to fight against erosive forces at an optimum price. These are why farmers prefer to use biofertilizers and accredit the segment’s dominant share through the forecast period.
Based on the source type, the market is split into Domestic and Import. As per estimates, the Import segment is going to experience the highest market share during the forecast period. Various MOU and collaborations around the world are reasons to dominate the market.
Based on organic amendments type, the market is divided into Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, and Others. Grains & Cereals is expected to account for a significant market share over the next projected years. As there is a large part of shares of agricultural activities going on in this region available as per the government of Israel. Grains & Cereals are the main crop to eat that provide nutrients for survival.
Major companies operating in Israel Fertilizer market are:
- Green Life Energy Company Group
- Israel Chemicals Limited
- Grow Group Israel Limited
- Haifa Negev Technologies Limited
- Israway Trading Company
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“The Mediterranean coastal plain region is expected to dominate the Israel market in the coming years due to its sizeable arable land and favorable agriculture conditions such as canals. Increasing demand for high-quality crops by people and government initiatives to encourage agriculture will drive impressive market share in Israel. According to the world bank report in 2022, the arable land of Israel has grown up to the 28% by 2018 and more than 4% in the past two years. Therefore, the growing size of the agricultural land led to increasing agricultural activities in the region. Such a thing can impact the demand for fertilizer in the area.
The demand for Imported fertilizer is expected to increase in the project year in Israel. Trends towards use of advanced and better treatment product in the market and investment in R&D by manufacturers & government for creating a product that can perform well in the worst weather is expected to impact market growth and create favorable conditions to propel the Israel Fertilizer market growth till 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Israel Fertilizer Market, By Origin (Organic, Synthetic, Bio-fertilizer), By Form (Solid v/s Liquid), By Mode of Application (Foliar Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method, Others), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Other), By Source (Domestic v/s Import), By Region, Competition Forecast and Opportunities, 2027”, has evaluated the future growth potential of Israel Fertilizer market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Israel Fertilizer market.
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