Posted 3/30/2024, 1:30:00 AM
Global Fertilizer Demand Growing to Meet Food Needs, But Balancing Act Needed on Synthetic Use
- Global fertilizer market to reach $250 billion by 2030, growing at a CAGR of 3.8% from 2024-2030
- Rising global population and food demand driving growth, but need to balance synthetic and organic fertilizer use
- Phosphorus demand increasing due to role in crop yields and food security
- Rice likely to have major share due to status as staple crop for billions
- Brazil set to have significant impact due to large agricultural area and export growth