According to the recent report by IMARC Group, titled “ Fertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ,” The global fertilizer market reached a value of US$ 163.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$203.5 Billion by 2027, exhibiting a CAGR of 3.9% during 2022-2027.
Fertilizer represents an additional mixture applied to the soil or plant tissue to provide essential nutrients for growing farm-based crops. They can be broadly classified into organic and inorganic variants. Organic fertilizers are mainly manufactured with carbon-based agricultural waste, livestock manure, industrial waste, municipal sludge, etc., whereas inorganic variants are produced using different chemicals and secondary nutrient sources. Fertilizers are typically utilized to supply specific nutrients that are deficient in the soil, such as potassium, nitrogen, phosphorus, etc. It also aids in maintaining the fertility of the soil and improving its water retention capacity.
Global Fertilizer Market Trends:
The expanding agriculture sector, coupled with the escalating adoption of organic and farm-fresh food products, is primarily driving the demand for fertilizers. Moreover, the growing consumption of plant-based food sources is further increasing the need for fertilizers to enhance soil fertility and improving crop growth. Additionally, the emergence of bio-fertilizers due to the rising concerns towards the negative impact of chemical-based fertilizers on soil quality is also positively influencing the global market. Furthermore, the implementation of favorable government policies promoting the use of nano-fertilizers and the development of advanced farming techniques will continue to stimulate the growth of the global fertilizer market over the forecast period.
Request Free Sample Report: https://www.imarcgroup.com/fertilizer-market/requestsample
Global Fertilizer Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the top fertlizer companies in World
The report has segmented the market on the basis on on region, product type, product, product form and crop type.
Breakup by Product Type:
Breakup by Product:
Breakup by Product Form:
Breakup by Crop Type:
Breakup by Region:
Key highlights of the report:
Ask Analyst for Customization and Explore Full Report with TOC List of Figure: https://www.imarcgroup.com/request?type=report&id=2503&flag=C
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
Contact Us:
IMARC Group
Email: [email protected]
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
