Latest News- Fertilizers Market: Inorganic is expected to lead the Type segment during 2025-2029

The Fertilizers Market is being driven by Rising demand for organic fertilizers

The Fertilizers Market is expected to grow at a CAGR of 2.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 24.7 billion. The global fertilizers market is poised for significant growth due to the increasing demand for agricultural production to meet the needs of a growing global population, projected to reach 9 billion by 2050. To produce high-quality crops and meet the rising demand for vegetables and fruits, farmers require fertilizers with improved micronutrient efficiency. The intensification of vegetable and fruit production further boosts the demand for high-performance fertilizers. Government subsidies and industry investments in research and development, leading to the launch of innovative fertilizer products, will further fuel market expansion during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Inorganic
  • Organic
• Application
  • Agriculture
  • Horticulture
  • Gardening
• Product Type
  • Dry
  • Liquid
• Product
  • Straight
  • Complex
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for organic fertilizers
• Rapidly growing food industry
• Government policies and agricultural subsidies

However, the market also witnesses some limitations, which are as follows:

• Health issues associated with fertilizer
• Stringent regulations associated with fertilizers
• Volatile raw material prices

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Market Scope in Fertilizers Market Research Report

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Research Analysis Overview

The Fertilizers Market encompasses various aspects of food production, including water management, food safety, and climate change agriculture. It addresses the needs of the food system by providing crop nutrients like Ammonium nitrate through sustainable methods such as crop rotation, nutrient cycling, and soil health management. Biotechnology in agriculture and genetically modified crops contribute to food production efficiency, while addressing food waste and organic farming offers organic alternatives. Precision application, controlled release, and nutrient loss mitigation techniques ensure nutrient efficiency and environmental impact reduction. Farm management, land use change, and rural development are also significant factors. Food safety, climate change, and food production are interconnected, with fertilizers playing a crucial role in ensuring crop nutrient requirements are met while minimizing the environmental footprint.

Market Research Overview

The global fertilizers and agricultural chemicals industry encompasses businesses engaged in the production of fertilizers and agricultural chemicals, as well as related components. This sector comprises manufacturers of various types of fertilizers, including nitrogenous, phosphatic, and potassic, and agricultural chemicals such as insecticides, herbicides, fungicides, nematicides. Market expansion is anticipated due to the rising number of product launches by industry players, catering to evolving nutrient requirements and environmental regulations. Technavio's market analysis calculates the industry size based on the revenues generated by these companies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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