Global Fertilizer Industry: Positive Growth Trend Estimated between 2022-2028
Posted On August 22, 2022
Value Market Research's report on the global Fertilizer market anticipates the market growth to show a positive trend during 2022-2028. Using fertilizers greatly improves soil fertility and crop growth, leading to a sustainable food supply for the growing world population. This is one of the primary factors leading to fertilizers' growth. Additionally, several governments and non-governmental organizations (NGOs) are developing awareness campaigns and rural workshops to inform farmers about the use and advantages of fertilizers in farming. Manufacturers working in the sector now have significant expansion potential thanks to this. Furthermore, introducing nano-fertilizers (NFs) that support the upkeep of level, lush fields and grounds offer a positive outlook for the sector. On the downside, it is projected that the market expansion will be constrained by the lack of knowledge regarding the best usage of fertilizers. Nonetheless, the rising use of bio-fertilizers on farms and the widespread use of modern farming techniques are likely to provide immense opportunities for market expansion.
Fertilizers are chemical substances mixed with the soil to encourage healthy yield in farm crops. They are manufactured using carbon-based industrial waste, livestock manure, agricultural waste, and municipal sludge. They contain nutrients and microbes, such as nitrogen, potassium, and phosphorus, essential for efficient plant growth. Fertilizers also enhance the soil's water retention capacity and natural fertility by replacing chemical elements or altering the pH level. Further, the products aid in destroying pathogenic components responsible for spreading diseases in plants and crop failure. Presently, fertilizers are available in a micronutrient, phosphatic, potash, and nitrogenous variants. These can be applied to a large variety of grains, oilseed, cereals, vegetables, fruits and pulses, and commercial crops.
The report "Global Fertilizer Market Report By Type (Straight And Complex Fertilizers), By Crop Type (Grains And Cereals, Pulses And Oilseeds, Commercial Crops, Fruits And Vegetables, And Other Crop Types) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028" provides an overview of the market and a concise summary of the report before delving into a complete revenue analysis segmented by segments and countries in the following chapters. The report analysis the industry and identifies the leading market drivers, market restraints, opportunities and prominent threats in the near future.
The global Fertilizer market is classified into the following segments:
By Type, the Fertilizer market is divided into: Straight, Complex Fertilizers.
By Crop Type, the Fertilizer market is divided into: Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other.
The report finds the leading region likely to dominate the market over the next six years among all the regions analysed. The report includes extensive research on North America, Europe, Latin America, the Middle East and Africa.
Players Profiled In the Report:
The Mosaic Company, Yara International, Nutrien Limited, K+S Group, and Groupe OCP.
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