The need for fertilisers is increasing globally due to the rising global population
The ’Global Fertiliser Market by Segments, Region, Company Analysis & Forecast’ report has recently recorded that the worldwide Fertiliser Market was US$ 83.5 Billion in 2020, and is estimated to grow with a CAGR of 1.69 per cent during the forecast period (2020-2027). The global Fertiliser Market is going to worth more than US$ 93.9 Billion by 2027.
The need for fertilization is increasing globally due to the rising global population. Fertilizers play a significant role in plants’ growth, which provides nutrients to the soil, leading to production efficiency and more optimum food production. The primary nutrients for plant growth are ammonia, phosphorus, and potassium, and these should be in the right quantity for healthy crops.
Nitrogen is essential in developing plants because it forms proteins that help to build tissues present in plants. In comparison, phosphorus helps develop the plant through photosynthesis purpose, which converts sunlight to energy. Potassium is useful for carbohydrate and starch synthesis.
European countries have come out with new fertilizers rules that fertilizers should be of high- have less use of land for agriculture, and they mainly depend upon quality standards and should be sold across Europe freely with proper safety.
