Global Fertilizer Market to Generate $323,375.0 Million and Exhibit a CAGR of 5.0% from 2021 to 2028 - Exclusive Report [225 pages] by Research Dive

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Market Dynamics

The demand for food grain production is growing with the rapidly increasing global population. In addition, governments of several countries are creating awareness by conducting campaigns to promote fertilizers and educate farmers regarding the benefits of fertilizers. These factors are predicted to boost the growth of the global fertilizer market over the forecast period. Moreover, the popularity of organic fertilizers is increasing due to growing environmental concerns, which is estimated to create massive opportunities for the growth of the global market by 2028. However, fertilizers when used uncontrollably can lead to pollution by emitting harmful greenhouse gases, such as nitrous oxide which is expected to restrict the market growth in the estimated timeframe.

Impact of COVID-19 Pandemic on theFertilizer Market

The COVID-19 outbreak has negatively impacted the global fertilizer market during the pandemic. The adverse impact on the market growth is majorly due to the restrictions on import and export, and movement of people and goods across various countries in the world. Delays and disruptions in supply chain have also affected the market growth during the pandemic. However, many governments and companies are taking initiatives to recover from the chaotic situation.

Access our comprehensive analysis of the IMPACT OF COVID-19 ON FERTILIZER MARKET

Key Segment Findings of the Market:

The research report segments the global fertilizer market into type, form, application, and region.

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Top 10 Key Players of Fertilizer Market

The prominent players of the global fertilizer market include

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These players are focusing on mergers, collaborations, product development, and launches to gain a competitive in the global market.

In June 2019, EuroChem Group, the world's leading mineral fertilizer producers, opened a third new fertilizer plant in Brazil to expand its fertilizer production facility. It is one of the main fertilizer distribution businesses in the country.

They are focusing on advanced product developments and merger & acquisition. These are some of the strategies conducted by the startups as well as established business organizations. 

More about Fertilizer:

How Different Types of Fertilizers Help Plants Grow?

Fertilizer Industry: The Essentiality of Providing Food for the World

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