From 2022 to 2031, the global fertilizers market is anticipated to expand at a robust CAGR. The expansion of the global fertilizers market is being driven by technological advancements in the agriculture industry and rising demand for enhanced high-efficiency fertilizers.

Browse ThinkWise Intelligence's exclusive report, spread through 186 Pages on "GLOBAL FERTILIZERS MARKET, BY PRODUCT TYPE (ORGANIC, INORGANIC), BY FORM (GAS, GRANULES, LIQUID, OTHERS), BY APPLICATION METHOD (BROADCASTING, DRIP METHOD, FERTIGATION, FOLIAR SPRAYING, SOWING, OTHERS), BY CROP TYPE (CASH CROPS, CEREALS, HORTICULTURE CROPS, PLANTATION CROPS, TURFS AND ORNAMENTAL CROPS, OTHERS) – COMPETITIVE LANDSCAPE & GROWTH POTENTIAL ANALYSIS, 2022-2031".

Fertilizers are used to condition soils and plants to achieve increased crop yield while preventing the soil from becoming toxic due to over-fertilization. In addition, the increasing adoption of precision farming practices and the increased emphasis on sustainable agriculture are factors driving the expansion of the global fertilizers market. In addition, the rising demand for organic fruits and vegetables grown with minimal fertilizer is driving the demand for fertilizers.

In addition, increasing innovation in the crop nutrition industry and high demand for high-efficiency crop nutrition products will propel the global fertilizers market in the coming years. Growing demand for higher-yielding crops to feed the world's rapidly expanding population also contributes to expanding the global market for fertilizers. In the coming years, the growth of the global fertilizers market is anticipated to be driven by market participants' increasing investments in developing safer and more effective new products. Increased environmental awareness has resulted in greater adoption of organic fertilizers to enhance crop growth and protect crops from environmental damage, driving the global fertilizers market. Complex production processes and the low rate of adoption of controlled-release technology may impede the growth of the global fertilizers market. In addition, farmers' belief in high crop returns discourages them from adopting fertilizers, which could hinder the global fertilizers market's development.

DURING THE FORECAST PERIOD, THE FRUITS AND VEGETABLES SEGMENT IS EXPECTED TO DEVELOP A DOMINANT POSITION.

In the global fertilizers market, the fruits and vegetables subsegment is anticipated to expand at the quickest rate, owing to the rising trend of fruit consumption due to increased health consciousness.

Nutrien, Ltd., Israel Chemical Ltd., Yara International ASA, The Mosaic Company, K+S Aktiengesellschaft, EuroChem Group, CF Industries Holdings, Inc., Coromandel International Ltd, Deepak Fertilizers & Petrochemicals Corporation Ltd., Haifa Group, Plant Food Company, Inc., OCI Nitrogen, OCP Group, COMPO Expert GmbH, and Wilbur-Ellis Company Inc. are among the major players.