Chemical Fertilizers Market Trends

• Rising Urbanization – Growing demand for agricultural products across the country and rising disposable income contribute to this trend. Over the next ten years, there will be a 15% increase in global demand for agricultural products.
• Availability in varied forms – Chemical fertilizers are also used in the form of liquid fertilizers that can be utilized in fertigation, foliar feeding, and other applications.  Liquid fertilizer, on the other hand, reduces nitrogen losses while increasing functionality. Additionally, liquid fertilizers can be administered in a single pass along with other dietary supplements and protection products. Savings in time, fuel, labor, and pollution are the result of this resulting in the growth of the chemical fertilizers market.
• Surging Population - Global market trends have been influenced by the usage of chemical fertilizers to increase crop output due to the rising global population and the scarcity of arable land. According to reports, chemical fertilizers are utilized to increase the naturally occurring productivity of young-of-year culture organisms that aid in crop growth. Aside from this, the production of rice bran, dried grains, and cottonseeds is increased by using organic fertilizers in conjunction with chemical fertilizers.

Challenges

• High cost of raw materials - The explosive growth of the global chemical fertilizers business will be slowed down by high raw material costs and rigorous regulatory regulations governing the release of volatile compounds into the atmosphere.
• Rise in the usage of natural fertilizers and green products.
• Presence of substitute products in the market