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Peru Fertiliser Market Size, Share, Growth, Report, Analysis: By Product Type: Chemical Fertiliser, BioFertilisers; By Product: Straight Fertilisers, Complex Fertilisers; By Product Form: Dry, Liquid; By Crop Type: Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Flowers and Ornamentals, Others; Competitive Landscape; 2024-2032
Peru Fertiliser Market Size
The Peru fertiliser market reached approximately 713.25 thousand tons in 2023. The market is projected to grow at a CAGR of 3.40% between 2024 and 2032, reaching a volume of around 967.38 thousand tons by 2032.
Peru Fertiliser Market Outlook
- A proposed draft regulation brought forward in Peru in 2023 aims to safeguard farmers and agricultural labourers through the promotion of safety, quality, and effective utilisation of fertilisers.
- As of 2022, Peru imports nearly all of its synthetic fertiliser used in farming.
- In 2023, the projected wheat production in Peru was estimated to be about 200,000 metric tons (M.T.), aiding the demand for fertilisers in its growth.
Peru Fertiliser Market Growth
The expansion of the agricultural sector, favourable government policies, and balanced usage of organic and synthetic fertilisers are some of the crucial market drivers. The Peruvian government is actively investing in the development of agricultural infrastructure and offering subsidies to assist farmers. These initiatives have resulted in an increased demand for organic and inorganic fertilisers to promote balanced and sustainable agricultural practices.
Moreover, the utilisation of high-end technologies, like sensors and data analytics, in the application of fertilisers is becoming increasingly prevalent, leading to improved nutrient distribution and decreased wastage. The implementation of precision agriculture techniques, such as GPS-guided machinery and variable rate technology (VRT), is also enhancing the efficiency of fertilisers in the country.
Micronutrient fertilisers are also becoming increasingly popular among Peruvian farmers as they provide a targeted solution to specific nutrient deficiencies in the soil, leading to improved crop yields and overall plant health.
Peru Fertiliser Industry Segmentation
“Peru Fertiliser Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Chemical Fertiliser
- BioFertilisers
Market Breakup by Product
- Straight Fertilisers
- Complex Fertilisers
Market Breakup by Product Form
- Dry
- Liquid
Market Breakup by Crop Type
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Flowers and Ornamentals
- Others
Peru Fertiliser Market Share
Based on product type, the market is divided into chemical fertiliser and biofertilisers. Chemical fertilisers account for a substantial market share owing to their ability to efficiently supply vital nutrients to crops, resulting in rapid enhancements in both yield and productivity. Peruvian farmers heavily depend on chemical fertilisers like urea, phosphates, and potash to fulfil the nutritional requirements of their crops.
Leading Companies in the Peru Fertiliser Market
The market players are introducing novel fertiliser solutions to meet the evolving regulatory landscape.
- Grupo Andina
- SGS SA
- FERTILIZANTES DEL SUR S.A.C.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Product |
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| Breakup by Product Form |
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| Breakup by Crop Type |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Fertiliser Market Overview
8.1 Key Industry Highlights
8.2 Latin America Fertiliser Historical Market (2018-2023)
8.3 Latin America Fertiliser Market Forecast (2024-2032)
8.4 Latin America Fertiliser Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Chile
8.4.5 Peru
8.4.6 Others
9 Peru Fertiliser Market Overview
9.1 Key Industry Highlights
9.2 Peru Fertiliser Historical Market (2018-2023)
9.3 Peru Fertiliser Market Forecast (2024-2032)
10 Peru Fertiliser Market by Product Type
10.1 Chemical Fertiliser
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 BioFertilisers
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Peru Fertiliser Market by Product
11.1 Straight Fertilisers
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Complex Fertilisers
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Peru Fertiliser Market by Product Form
12.1 Dry
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Liquid
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Peru Fertiliser Market by Crop Type
13.1 Grains and Cereals
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Pulses and Oilseeds
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Fruits and Vegetables
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Flowers and Ornamentals
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Grupo Andina
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 SGS SA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 FERTILIZANTES DEL SUR S.A.C.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Fertiliser Market: Key Industry Highlights, 2018 and 2032
2. Peru Fertiliser Market: Key Industry Highlights, 2018 and 2032
3. Peru Fertiliser Historical Market: Breakup by Product Type (Thousand Tons), 2018-2023
4. Peru Fertiliser Market Forecast: Breakup by Product Type (Thousand Tons), 2024-2032
5. Peru Fertiliser Historical Market: Breakup by Product (Thousand Tons), 2018-2023
6. Peru Fertiliser Market Forecast: Breakup by Product (Thousand Tons), 2024-2032
7. Peru Fertiliser Historical Market: Breakup by Product Form (Thousand Tons), 2018-2023
8. Peru Fertiliser Market Forecast: Breakup by Product Form (Thousand Tons), 2024-2032
9. Peru Fertiliser Historical Market: Breakup by Crop Type (Thousand Tons), 2018-2023
10. Peru Fertiliser Market Forecast: Breakup by Crop Type (Thousand Tons), 2024-2032
11. Peru Fertiliser Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 713.25 thousand tons.
The market is estimated to grow at a CAGR of 3.40% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around 967.38 thousand tons by 2032.
The market is being driven due to expansion of the agricultural sector, government programs, and balanced usage of organic and synthetic fertilisers.
The key trends aiding the market include the utilisation of high-end technologies, like sensors and data analytics, the implementation of precision agriculture techniques, and the burgeoning popularity of micronutrient fertilisers.
Based on product type, market segmentations include chemical fertiliser and biofertilisers.
Different products are straight fertilisers and complex fertilisers.
The major players in the market are Grupo Andina, SGS SA, and FERTILIZANTES DEL SUR S.A.C., among others.
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