Chemical Fertilizers Industry - Regional Synopsis
APAC Market Forecast
Asia Pacific industry is predicted to dominate majority revenue share of 35% by 2037, backed by the rising exports of agricultural and processed food products. From April to December 2022, the total export of APEDA products in India scaled from USD 17.5 billion over the same period of the previous fiscal to USD 19.7 billion. Moreover, the increasing farming activities and increasing production of vegetables and cereals in the region contributed to the market's growth.
North American Market Statistics
The chemical fertilizers market in North America is anticipated to grow at a significant rate owing to the region's large cultivation area. About 69.0% and 18.5% of all cropland in, the United States and Canada, respectively produce the most fertilizer in the area. Farmers were able to capitalize on the advantages of fertilizers thanks to current scientific and technological developments in the field.
