Fertilizer Industry Is Estimated To Move Ahead At A Cagr Of – 1.2% During 2022 To 2030
Fertilizer Industry to Gain Momentum from Buoyant Demand for Nitrogen Fertilizer: Grand View Research, Inc. San Francisco, Feb 07, 2023: The fertilizer industry size was valued at USD 200 billion in 2021 and will witness a noticeable CAGR on the back of rising concerns for food safety and climate variability, according to the “ Global Fertilizer Industry Data Book, 2022 – 2030 ”, published by Grand View Research. Soaring demand to boost agriculture productivity has driven the market growth. The need for phosphate, nitrogen, potash and foliar to further the production of crops for fuel, fiber, feed and food has encouraged leading players to tap into the global landscape. Moreover, the prevailing geopolitical tensions have given rise to supply restrictions and reduced fertilizer availability. The Ukraine war, restrictive trade policies and rising energy prices have disrupted the fertilizer supply chain. Surging global demand for fertilizers and soaring production of fie...