N-P-K refers to the ratio of important elements in a fertilizer or soil amendment. N stands for nitrogen, which is responsible for strong stem and foliage growth. P is for phosphorus, which aids in healthy root growth and flower and seed production. K stands for potassium, which is responsible for improving overall health and disease resistance.
Nitrogen is used by the plant to produce leafy growth and formation of stems and branches. Plants most in need of nitrogen include grasses and leafy vegetables such as cabbage and spinach. Basically, the more leaf a plant produces, the higher its nitrogen requirement.
Phosphorus is essential for seed germination and root development. It is needed particularly by young plants forming their root systems and by fruit and seed crops.
Potassium has the chemical symbol K from its Latin name kalium. It promotes flower and fruit production and is vital for maintaining growth and helping plants resist disease. It's used in the process of building starches and sugars so is needed in vegetables and fruits.
According to the new market research report “Global NPK Fertilizer Market Report 2023-2029”, published by QYResearch, the global NPK Fertilizer market size is projected to reach USD 1.19 billion by 2029, at a CAGR of -43.4% during the forecast period.
- Global NPK Fertilizer MarketSize(US$ Million), 2018-2029
Based on or includes research from QYResearch: Global NPK Fertilizer Market Report 2023-2029.
- Global NPK Fertilizer Top30Players Ranking and Market Share（Based on data of 2021, Continually updated）
Based on or includes research from QYResearch: 2021 data information of Global NPK Fertilizer Market Report 2023-2029.
The global key manufacturers of NPK Fertilizer include Yara (NO), Xinyangfeng (CN), EuroChem (CH), ICL (IL), Acron (RU), Stanley (CN), Yihua (CN), Kingenta (CN), Grupa Azoty (PL), SACF (CN), etc. In 2021, the global top 10 players had a share approximately 28.0% in terms of revenue.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.