Fertilizers Procurement Research – Market Trends and Spend Analysis by SpendEdge
24 März 2018 - 8:31PM
Business Wire
Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Fertilizers Market
Procurement Research Report.’ The insights and data in this
report provide a strategic analysis of the supply markets, factors
influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the chemicals industry. This report
breaks down the data and analysis behind the procurement of
fertilizers and acts as an all-inclusive guide for making smart
purchasing decisions.
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Global Fertilizers Procurement Market
Intelligence Report (Graphic: Business Wire)
“Rapid growth in the global population and increasing incomes of
consumers are major factors driving the demand for fertilizers,”
says SpendEdge procurement analyst A Kowshik. “Also, various
private firms and government organizations in developing economies
such as South America, Africa, the Middle East, and APAC are taking
initiatives to increase the awareness regarding benefits of
fertilizers among smallholders and farmers,” added Kowshik.
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Procurement analysts at SpendEdge highlight the following top
three market trends that are contributing to the growth of the
Global Fertilizers Market:
- The steady rise in M&A deals in
global fertilizers market
- Increase in digitization of the supply
chain
- Incorporation of manufacturing
technologies to increase production capacities
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time only: View the report snapshot before
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The steady rise in M&A deals in global fertilizers
market:
Globally, there is a considerable rise in M&A activities in
the fertilizer industry. To meet the growing demand for various
types of fertilizers, businesses operating in this market space are
increasingly implementing strategies to enhance their operational
efficiency, competitive advantage, and expand their customer base.
There is a high demand for different types of fertilizers including
organic, inorganic, and bio-fertilizers. Moreover, the integration
of the supply chain by large-scale fertilizer manufacturers helps
the buyers to obtain better products and prices.
Increase in digitization of the supply chain:
Leading suppliers of fertilizers are looking to implement
digitization across their supply chains. This is mainly because
digitization enhances productivity, innovation, and creates new
channels for sales and distribution. Also, the introduction of
advanced analytical tools by the suppliers help in structuring data
to gain actionable insights that assist in making better decisions.
It even helps in tracing customers and production orders on a
regular basis.
Incorporation of manufacturing technologies to increase
production capacities:
With an aim, to improve their production capacities leading
suppliers in the fertilizers industry are replacing old
technologies with new and advanced technology. The increase in
production capacities with high utilization rates will, in turn,
help the suppliers in reducing their production costs. Moreover, an
increase in production capacities will lead to an increase in the
supply of fertilizers, thereby leading to a decline in the price of
the chemicals in the market.
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