Global Fertilizers Industry Assessment 2022-2027: Decreasing Per Capita Arable Land and Increasing Food Demand - ResearchAndMarkets.com
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Wednesday, July 13, 2022
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The global fertilizers market is projected to register a CAGR of 3.8% during the forecast period, (2022-2027).
Key Points:
- The global fertilizers market is projected to register a CAGR of 3.8% during the forecast period, (2022-2027).
- However, the conditions in the country have stabilized, and production rates have increased for all fertilizers.
- Over the long term, the technological innovations in the industry, coupled with the growing demand for N, P, and K and micronutrient fertilizers, are expected to drive the market growth.
- As a result of population expansion and a steady land degradation rate, the per capita land is expected to decrease in the future.