Table of Content

1 INTRODUCTION 10
1.1 COVID-19 HEALTH ASSESSMENT 10
1.2 COVID-19 ECONOMIC ASSESSMENT 12
1.2.1 COVID-19 IMPACT ON THE ECONOMY-SCENARIO ASSESSMENT 13

2 COVID-19 IMPACT ON FOOD, FEED, AND AGRICULTURE 14
2.1 INTRODUCTION 14
2.2 EFFECT ON GLOBAL CROP PRODUCTION 14
2.3 EFFECT ON FEED CONSUMPTION 15
2.4 COVID-19 GLOBAL PROTEIN MARKET 16
2.5 EFFECT ON FERTILIZER CONSUMPTION 17

3 COVID-19 IMPACT ON ECOSYSTEM OF NPK FERTILIZERS INDUSTRY 19
3.1 VALUE CHAIN 19
3.2 IMPACT ON VALUE CHAIN 20
3.3 IMPACT ON SUPPLY CHAIN 21
3.3.1 RAW MATERIALS/SUPPLIERS 21
3.3.2 FERTILIZER FORMULATORS 21
3.3.3 DISTRIBUTION AND LOGISTICS 21
3.3.4 END-USE INDUSTRY 22
3.4 MARKET DYNAMICS 22
3.4.1 DRIVERS 23
3.4.1.1 Increased reliance on fertilizers for crop productivity enhancement 23
3.4.1.2 Rising crop demand for animal feed production 24
3.4.2 RESTRAINTS 25
3.4.2.1 Impact on NPK fertilizer production 25
3.4.2.2 Inconsistent raw material prices 25

4 CUSTOMER ANALYSIS 27
4.1 SHIFT IN THE FOOD INDUSTRY 27
4.1.1 DISRUPTIONS IN THE INDUSTRY 27
4.1.2 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/ IMPROVE SALES 27
4.1.3 NEW MARKET OPPORTUNITIES 27
4.1.4 RISK MITIGATION STRATEGY 28
4.2 SHIFT IN THE FEED INDUSTRY 28
4.2.1 DISRUPTIONS IN THE INDUSTRY 28
4.2.2 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/IMPROVE SALES 28
4.2.3 NEW MARKET OPPORTUNITIES 28
4.2.4 RISK MITIGATION STRATEGY 29

5 GROWTH OPPORTUNITIES IN THE AGRICULTURE INDUSTRY APPLICATIONS 30
5.1 INTRODUCTION 30
5.2 MOST ATTRACTIVE MARKETS: IMPACTS & OPPORTUNITIES (ILLUSTRATIVE) 30
5.2.1 CEREALS & GRAINS 30
5.2.2 OILSEEDS & PULSES 31
5.3 WORST-AFFECTED MARKETS: IMPACTS & OPPORTUNITIES (ILLUSTRATIVE) 32
5.3.1 FRUITS & VEGETABLES 32
5.3.2 TURFS & ORNAMENTALS 33

6 SHORT AND MID-TERM STRATEGY SHIFTS BY NPK FERTILIZER MANUFACTURING COMPANIES TO MITIGATE COVID-19 IMPACT 34
6.1 SHORT AND MID-TERM STRATEGIES 34
6.1.1 PRODUCT LEVEL 34
6.1.2 APPLICATION LEVEL 34
6.2 REGIONAL/GEOGRAPHIC LEVEL 35
6.2.1 US 35
6.2.2 ASIA PACIFIC 35
6.2.3 EUROPE 35
6.2.4 ROW 35
6.3 WINNING STRATEGIES IN THE INDUSTRY TO GAIN MARKET SHARE 36
6.3.1 SHORT-TERM STRATEGY 36
6.3.2 MID-TERM STRATEGY 36
6.3.3 LONG-TERM STRATEGY 37

7 NPK FERTILIZERS MARKET: MARKET OUTLOOK DUE TO COVID-19 38
7.1 NUTRIENTS 38
7.1.1 NITROGENOUS FERTILIZERS 39
7.1.2 PHOSPHATE FERTILIZERS 39
7.1.3 POTASH FERTILIZERS 40
7.2 CROP TYPE 41
7.2.1 CEREALS & GRAINS 41
7.2.2 OILSEEDS & PULSES 42
7.2.3 FRUITS & VEGETABLES 43
7.2.4 OTHER CROP TYPES 44
7.3 GEOGRAPHY 45
7.3.1 INTRODUCTION 45
7.3.2 ASIA PACIFIC 47
7.3.2.1 India 49
7.3.2.2 China 49
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7.3.3 EUROPE 50
7.3.3.1 Italy 51
7.3.3.2 Spain 52
7.3.3.3 UK 52
7.3.3.4 Other European Countries 52
7.3.4 US 52
7.3.5 REST OF THE WORLD 54

8 COMPANY PROFILES 56
8.1 NUTRIEN LTD. 56
8.1.1 BUSINESS OVERVIEW 56
8.1.2 IMPACT ANALYSIS OF COVID-19 PANDEMIC ON NPK FERTILIZERS MARKET 56
8.1.3 IMPACT ANALYSIS OF COVID-19 PANDEMIC ON NUTRIEN LTD. 57
8.1.4 WINNING STRATEGIES IN THE INDUSTRY TO GAIN MARKET SHARE 57
8.2 YARA INTERNATIONAL ASA 58
8.2.1 BUSINESS OVERVIEW 58
8.2.2 IMPACT ANALYSIS OF COVID-19 PANDEMIC ON NPK FERTILIZERS MARKET 58
8.2.3 IMPACT ANALYSIS OF COVID-19 PANDEMIC ON YARA INTERNATIONAL ASA 59
8.2.4 WINNING STRATEGIES IN THE INDUSTRY TO GAIN A MAJOR MARKET SHARE 59
8.3 ICL 60
8.3.1 BUSINESS OVERVIEW 60
8.3.2 IMPACT ANALYSIS OF COVID-19 PANDEMIC ON NPK FERTILIZERS MARKET 60
8.3.3 IMPACT ANALYSIS OF COVID-19 PANDEMIC ON ICL 60
8.3.4 WINNING STRATEGIES IN THE INDUSTRY TO GAIN A MAJOR MARKET SHARE 61

9 APPENDIX 62
9.1 INSIGHTS OF INDUSTRY EXPERTS 62
9.4 AUTHOR DETAILS 67



List of Figures



FIGURE 1 COVID-19 THE GLOBAL PROPAGATION 11
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 11
FIGURE 3 REVISED GDP FORECAST FOR SELECT G20 COUNTRIES IN 2020 12
FIGURE 4 CRITERIA IMPACTING THE GLOBAL ECONOMY 13
FIGURE 5 EXPORT FORECAST LOWERED FOR BEEF & CHICKEN IN 2020 16
FIGURE 6 VALUE CHAIN: NPK FERTILIZERS MARKET 20
FIGURE 7 FERTILIZERS MARKET DYNAMICS 23
FIGURE 8 GLOBAL CONSUMPTION OF NPK FERTILIZERS IN METRIC TONS, 2012–2017 24
FIGURE 9 GLOBAL FEED PRODUCTION, 2018 (MILLION METRIC TONS) 25
FIGURE 10 AMMONIA PRICE, 2014–2019 (USD PER METRIC TON) 26
FIGURE 11 NATURAL GAS PRICE, 2018–2020 (USD PER MMBTU) 26
FIGURE 12 SCENARIO-BASED ANALYSIS 30
FIGURE 13 SCENARIO-BASED ANALYSIS 31
FIGURE 14 SCENARIO-BASED ANALYSIS 32
FIGURE 15 SCENARIO-BASED ANALYSIS 33
FIGURE 16 COVID-19 IMPACT ON NPK FERTILIZERS MARKET, BY NUTRIENT TYPE 2019–2021 (USD MILLION) 38
FIGURE 17 COVID-19 IMPACT ON NPK FERTILIZERS MARKET, BY REGION, 2020 46
FIGURE 18 ASIA PACIFIC: COVID-19 IMPACT ON NPK FERTILIZERS MARKET, 2019 48

 

List of Tables



TABLE 1 COVID-19 IMPACT ON NPK FERTILIZERS MARKET, BY NUTRIENT TYPE 2020–2025 (USD MILLION) 38
TABLE 2 NITROGENOUS FERTILIZERS: COVID-19 IMPACT ON NPK FERTILIZERS MARKET BY REGION, 2020–2025 (USD MILLION) 39
TABLE 3 PHOSPHATE FERTILIZERS: COVID-19 IMPACT ON NPK FERTILIZERS MARKET BY REGION, 2020–2025 (USD MILLION) 40
TABLE 4 POTASH FERTILIZERS: COVID-19 IMPACT ON NPK FERTILIZERS MARKET BY REGION, 2020–2025 (USD MILLION) 40
TABLE 5 COVID-19 IMPACT ON NPK FERTILIZERS MARKET, BY CROP TYPE 2020–2025 (USD MILLION) 41
TABLE 6 CEREALS & GRAINS: COVID-19 IMPACT ON NPK FERTILIZERS MARKET BY REGION, 2020–2025 (USD MILLION) 42
TABLE 7 OILSEEDS & PULSES: COVID-19 IMPACT ON NPK FERTILIZERS MARKET BY REGION, 2020–2025 (USD MILLION) 43
TABLE 8 FRUITS & VEGETABLES: COVID-19 IMPACT ON NPK FERTILIZERS MARKET BY REGION, 2020–2025 (USD MILLION) 44
TABLE 9 OTHER CROP TYPES: COVID-19 IMPACT ON NPK FERTILIZERS MARKET BY REGION, 2020–2025 (USD MILLION) 44
TABLE 10 COVID-19 IMPACT ON NPK FERTILIZERS MARKET, BY REGION 2020–2025 (USD MILLION) 46
TABLE 11 ASIA PACIFIC: COVID-19 IMPACT ON NPK FERTILIZERS MARKET, BY COUNTRY, 2020–2025 (USD MILLION) 48
TABLE 12 ASIA PACIFIC: COVID-19 IMPACT ON THE NPK FERTILIZERS MARKET BY NUTRIENT TYPE, 2020–2025 (USD MILLION) 48
TABLE 13 ASIA PACIFIC: COVID-19 IMPACT ON THE NPK FERTILIZERS MARKET BY CROP TYPE, 2020–2025 (USD MILLION) 49
TABLE 14 EUROPE: COVID-19 IMPACT ON NPK FERTILIZERS MARKET, BY COUNTRY 2020–2025 (USD MILLION) 50
TABLE 15 EUROPE: COVID-19 IMPACT ON NPK FERTILIZERS MARKET, BY NUTRIENT TYPE, 2020–2025 (USD MILLION) 51
TABLE 16 EUROPE: COVID-19 IMPACT ON NPK FERTILIZERS MARKET, BY CROP TYPE 2020–2025 (USD MILLION) 51
TABLE 17 US: COVID-19 IMPACT ON NPK FERTILIZERS MARKET, BY NUTRIENT TYPE 2020–2025 (USD MILLION) 53
TABLE 18 US: COVID-19 IMPACT ON NPK FERTILIZERS MARKET, BY CROP TYPE 2020–2025 (USD MILLION) 53
TABLE 19 REST OF THE WORLD: COVID-19 IMPACT ON NPK FERTILIZERS MARKET BY COUNTRY, 2020–2025 (USD MILLION) 54
TABLE 20 REST OF THE WORLD: COVID-19 IMPACT ON NPK FERTILIZERS MARKET BY NUTRIENT TYPE, 2020–2025 (USD MILLION) 54
TABLE 21 REST OF THE WORLD: COVID-19 IMPACT ON NPK FERTILIZERS MARKET BY CROP TYPE, 2020–2025 (USD MILLION) 55