Global Fertilizer Market Size

1. Global Fertilizer Market Size, Share, Growth Analysis, By Form, By Product - Industry Forecast 2023-2030 Global Fertilizer Market size was valued at USD 191 billion in 2021 and is poised to grow from USD 195.01 billion in 2022 to USD 230.29 billion by 2030, growing at a CAGR of 2.1% in the forecast period (2023-2030). Natural and synthetic fertilisers are applied to plant tissues or soil to give one or more nutrients required by plants for growth. Over the projected period, it is anticipated that increased agricultural output and growing demand for improved soil nutrients will further raise fertilizer demand.Farmers should be encouraged to utilise fertilisers more effectively and safely as organic fertilisers become increasingly widespread. There are several problems that the agricultural sector in the world must deal with. By 2050, the world's population will have topped nine billion, according to the UN. This will put a great deal of strain on the agriculture industry, which is already experiencing a loss in output as a consequence of a lack of labourers and the shrinkage of agricultural fields as a result of rising urbanisation. By 2050, the Food and Agriculture Organization projects that more than 70% of people on the planet would reside in urban areas. Due to a global lack of arable land,

2. farmers are being pushed to employ fertilisers to increase their agricultural output. Analysis by Form Based on form, the dry fertilisers industry is anticipated to reach a value of over USD 200 billion By 2030. Dry or granular fertilisers are simpler to store and don't need special storage conditions. In most cases, they are stored at room temperature. Dry fertilisers do not settle out or salt out in a chilly environment. Dry fertilisers are more efficient for pre-plant treatments that are extensive. Due to their slow-release mechanisms, dry fertilisers with polymer-coated urea are used. Additionally, buying dry fertilisers in bulk results in cost savings. Over the course of the projection period, rising agricultural production is anticipated to significantly enhance market concentration for dry fertilisers. Analysis by Product Based on product, the demand for organic fertilisers will reach 11.5 million tonnes By 2030. Organic fertilisers are typically less concentrated and safer to use than inorganic fertilisers. Organic fertilisers are environment-friendly and non-toxic. For a variety of plants and crops, they are regarded as the best fertilisers. Their regular application enhances soil fertility without endangering the biological equilibrium of the soil. Many farmers have switched to organic farming thanks to rising environmental consciousness and the drawbacks of using synthetic or inorganic fertilisers. The market for fertilisers is also probably going to gain from rising consumer demand for organic agricultural products. View more info:https://www.skyquestt.com/report/fertilizer-market Top Player's Company Profiles •CF Industries Holdings, Inc. •Nutrien Ltd.

3. •Agrium Inc. •EuroChem Group AG •K+S AG •SQM S.A. •Israel Chemicals Ltd. About us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happyclients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com linkedin Twitter Facebook