Market for Fertilizer Dispensing (2023 – 2030)
According to projections, the market for fertiliser dispensing will grow at a CAGR of 3.55% from a value of USD 184.6 billion in 2022 to USD 251.57 billion in 2030.
Plant tissues or soil are treated with natural and synthetic fertilisers to supply one or more nutrients that plants need for growth. Throughout the estimated period, higher agricultural output and increased demand for superior soil nutrients are anticipated to raise fertiliser prices.
Farmers should be urged to utilise fertilisers more effectively and safely as organic fertilisers become more common. Many difficulties affect the agricultural sector globally.
The impact of COVID-19:
Globally, the pandemic’s start has had a substantial impact on the fertiliser business since the COVID-19 epidemic. Shipments were impeded during the initial lockdown phase due to a labour shortage and the closure of a few fertiliser producers located in integrated chemical complexes.
Browse Full Report Global Fertilizer Dispensing Market- By Form (Granules, Liquid, Gaseous, Others), By Crop Type (Horticulture Crops, Cash Crops, Cereals, Turfs and Ornamental Crops, Plantation Crops, Others), By Region and Segment Forecasts, 2023-2030: https://virtuemarketresearch.com/report/fertilizer-dispensing-market
Government initiatives are fueling market expansion in the fertiliser dispensing sector.
Several governmental and non-governmental organisations throughout the world are promoting the use of fertiliser and its beneficial impact on agricultural productivity. The marketing of fertilisers on radio, television, and in rural regions is anticipated to improve the market for fertiliser dispensing.
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