According to the report, the global fertilizer industry generated $184.60 billion in 2021, and is estimated to reach $251.57 billion by 2030, witnessing a CAGR of 3.55% from 2022 to 2030.   

Allied Market Research published a report, titled, "Fertilizer Market by Type (Organic, Inorganic), by Form (Dry, Liquid), by Application (Agriculture, Horticulture, Gardening, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030."   

Access Full Summary Report: https://www.alliedmarketresearch.com/fertilizer-market-A16556 

Drivers, Restraints, and Opportunities  

Benefits such as increase in soil water retention capacity, promotion of microorganism reproduction, and improvement in soil physical & chemical properties drive the growth of the global fertilizer market. In addition, improved soil nutrients combined with increased crop yield with application of fertilizers supplements the market growth. However, the fatal effects of chemical fertilizers on the arable land restrict the market growth. Contrarily, the surge in demand for organic fertilizers is expected to create opportunities in the coming years.  

Leading Market Players