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Green Fertilizer Market Trends

  • Report ID: GMI10400
  • Published Date: Jul 2024
  • Report Format: PDF

Green Fertilizer Market Trends

The green fertilizer industry is currently experiencing rapid growth due to several influential factors. A major driver is the increasing consumer demand for organic food, which necessitates farming practices that rely on green fertilizers. In contrast to traditional synthetic fertilizers, which contribute to environmental issues such as soil degradation, water pollution from nutrient runoff, and greenhouse gas emissions, green fertilizers offer a sustainable alternative. They promote healthier soil ecosystems by enhancing microbial activity and reducing environmental impacts.
 

Additionally, economic factors are playing a crucial role. Fluctuating prices of synthetic fertilizers, influenced by global events and resource scarcity, are making green fertilizers more appealing and stable options for farmers in the long term. Despite challenges like higher initial costs and limited availability, advancements in production methods and growing government support for sustainable agriculture are driving the expansion of the market.
 

There's a trend where traditional fertilizers like Ammonium Nitrate (AN) are being redeveloped with green technology. These fertilizers aim to minimize nutrient loss and enhance crop uptake, blurring the distinction between traditional and green fertilizer options.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for green fertilizer was valued at USD 2.43 billion in 2023 and is anticipated to register over 4.7% CAGR between 2024 and 2032, due to their sustainable attributes.

The ammonium nitrate green fertilizer market size was USD 1.41 billion in 2023 and is expected to reach over USD 2,143.9 million by 2032, owing to its high solubility and nitrogen content

North America market recorded over USD 815 million in 2023 and will expand steadily through 2032, driven by the robust network of research institutions and established agricultural sectors.

ACHEMA, Agrico Canada, Agroasia, CF Industries Holdings, Inc., Dyno Nobel, EuroChem, Nutrien Ltd, Ravensdown, and URALCHEM Group among others.

Green Fertilizer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 250
  • Countries covered: 24
  • Pages: 145
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