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According to the latest research report by IMARC Group, The global fertilizer market size reached US$ 170.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 210.0 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.<br><br>More Info:- https://www.imarcgroup.com/fertilizer-market
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Global Fertilizer Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Fertilizer Market Research Report: The latest report by IMARC, titled “Fertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global fertilizer market size reached US$ 170.4 Billion in 2022. A fertilizer is a chemical substance put on land or soil to make plants grow better and enhance crop yield. It promotes the growth and productivity of plants and provides them with essential nutrients. It contains vital nutrients plants need, including nitrogen, potassium, and phosphorus. It also improves the soil's water retention capacity. It is mainly classified into two main types, organic and inorganic fertilizers. Organic fertilizers are natural fertilizers derived from plants and animals. It boosts the amount of organic matter in the soil, encourages microbial reproduction, and alters the soil's physical and chemical composition. On the other hand, inorganic fertilizers are chemical fertilizers generated by synthetic techniques. Fertilizer is easy to transport, store, and apply and can easily dissolve in the soil. It is predictable and reliable and has a rapid effect on the crops. Request Free Sample Report: https://www.imarcgroup.com/fertilizer-market/requestsample
Report Description and Highlights Report Description Global Fertilizer Market Trends: The global market is majorly driven by the rapid growth in population, followed by the changing dietary habits among the masses in developed and developing countries. In line with this, the increasing requirement for enhanced soil nutrients and crop yield is significantly contributing to the product demand. Furthermore, the rising penetration of organic fertilizers and significant growth in the agriculture industry are positively influencing the market. Apart from this, the emerging demand for water–soluble fertilizers and the growing demand for food globally are catalyzing the market. Moreover, several government and non-government organizations worldwide are raising awareness about the benefits of fertilizer and its favorable impact on agricultural output. This is expected to create a positive outlook for the market. Besides, inflating incomes of the individuals residing in rural areas and the ease and quick availability of credit are anticipated to propel the market expansion. Additionally, several key market players are forming strategic alliances and opting for joint ventures to expand their product portfolio. Some of the other factors driving the market growth include rapid urbanization, significant growth in the horticulture industry, and heavy investments in research and development (R&D) activities. On account of the factors above, the market is anticipated to reach a value of US$ 210.0 Billion by 2028, exhibiting a CAGR of 3.7% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Report Description and Highlights Report Description Market Summary: Product Type Insights: • Chemical Fertilizer • Biofertilizers Product Insights: • Straight Fertilizers • Nitrogenous Fertilizers • Urea • Calcium Ammonium Nitrate • Ammonium Nitrate • Ammonium Sulfate • Anhydrous Ammonia • Others • Phosphatic Fertilizers • Mono-Ammonium Phosphate (MAP) • Di-Ammonium Phosphate (DAP) • Single Super Phosphate (SSP) • Triple Super Phosphate (TSP)
Report Description and Highlights Report Description • Others • Potash Fertilizers • Muriate of Potash (MoP) • Sulfate of Potash (SoP) • Secondary Macronutrient Fertilizers • Calcium Fertilizers • Magnesium Fertilizers • Sulfur Fertilizers • Micronutrient Fertilizers • Zinc • Manganese • Copper • Iron • Boron • Molybdenum • Others • Complex Fertilizers Product Form Insights: • Dry
Report Description and Highlights Report Description • Liquid Crop Type Insights: • Grains and Cereals • Pulses and Oilseeds • Fruits and Vegetables • Flowers and Ornamentals • Others Regional Insights: • North America • United States • Canada • Asia Pacific • China • Japan • India • South Korea • Australia • Indonesia
Report Description and Highlights Report Description • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa
Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • CF Industries Haifa Group Indian Farmers Fertiliser Co-operative Limited (IFFCO) Israel Chemicals Ltd. (ICL) Nutrien Limited Sociedad Química y Minera (SQM) The Mosaic Company Uralkali Yara International View Full Report with TOC & List of Figure: https://www.imarcgroup.com/fertilizer-market
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Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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