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Fertilizer Market – Global Industry Analysis and Research Report, 2030

According to a report by Global Market Insights Inc., the fertilizer market size is projected to surpass USD 240 billion by 2030.

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Fertilizer Market – Global Industry Analysis and Research Report, 2030

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  1. Fertilizer Market – Global Industry Analysis and Research Report, 2030 Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Fertilizer Market: • With the rising global population, food demand has also increased, leading to escalating demand for fertilizers. In recent years, fresh and organic produce has been gaining immense traction among consumers, which has further augmented the usage of premium and organic fertilizer. This has made it one of the key driving factors of the global fertilizer industry. • According to a report by Global Market Insights Inc., the fertilizer market size is projected to surpass USD 240 billion by 2030.

  3. Continued... • Eco-friendly hobbies gained widespread public interest during the initial Covid-19 lockdown when people were isolated inside their homes. Many even took up growing their own food or gardening. This has led to a boom in the popularity of DIY gardening and farming tools as well as practices, creating a notable demand for fertilizers in the process. • Driven by the interruption in the supply chain due to the pandemic as well as the conflict in Ukraine, governments and businesses across the globe are taking steps to strengthen their respective agriculture sectors. • Recently, the U.S. Department of Agriculture announced a $250 million grant to support innovative fertilizer production in the country so farmers can cope with rising costs and circumvent increasing competition concerns throughout the agricultural supply chain.

  4. Browse key industry insights spread across 300 pages with 538 market data tables & figures from the report, “Fertilizer Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/fertilizer-market Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4577

  5. Continued... • In recent times, innovations across various sectors are often being driven by the need for green alternatives, and the fertilizer market is also witnessing a similar trend. New investments and funding to produce fertilizers via recycled materials, or plant-based materials is on the rice, pegged to foster the sector’s growth in the coming future. • In fact, recently a consortium of companies, Lucent BioSciences, AGT Food and Ingredients Inc., NuWave Research, Aberhart Ag Solutions, and IN10T, inked a collaboration to scale a new micronutrient fertilizer made from co-products of food processing. The product is designed to improve the sustainability of Canadian farmers, and also reduce carbon emissions.

  6. Continued... • The nano urea liquid reduces the amount of urea in the soil while being more effective in replenishing the crop’s productivity and nutritional quality, and also positively impacts the quality of underground water. • In Japan, leading ammonia producer, Yara International ASA signed a Memorandum of Understanding (MoU) with Japan Bank for International Cooperation (JBIC) to consolidate cooperation in clean ammonia production while also bolstering the development of Japanese firms and their efforts of decarbonization. • From the above instances, it is evident that the fertilizer market will witness growth driven by conventional agricultural practices as well as numerous innovations, fueled by growing demand for food and gardening/horticulture hobbies alongside the push for sustainable agriculture.

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