The global vegetable fertilizer market was valued at USD 7.34 billion in 2023 and is anticipated to reach USD 7.92 billion in 2024 from USD 14.58 billion by 2032, growing at a CAGR of 7.92% from 2024 to 2032.
Fertilizers are chemical compounds that include phosphorus, nitrogen, potassium, and other necessary nutrients that are useful to improve the fertility of the soil and increase plant production. These fertilizers provide essential minerals for the survival of the plants naturally through the soil and help in maintaining the optimum growth of the plants. Vegetables are one of the most consumed foods around the globe, and they are in high demand owing to their nutritional content.
The high demand for vegetables led to the rise of vegetable fertilizers in order to give more yield and efficient products in the given arable land. These fertilizers are available in solid, liquid, and gaseous form for the cultivation of vegetables on farms. Farmers should be aware of fertilization technologies and take certain precautions without causing overfertilization. The use of organic fertilizers and bio-fertilizers and strictly avoiding the use of synthetic fertilizers and pesticides led to a rise in environmentally friendly agriculture.
Factors like high demand for vegetables due to the rising population, growing people's health awareness towards nutritional food, low arable land, demand for more yield in the available area, losing soil fertility and rise in soil erosion, product innovations in agriculture, high investments in the irrigation sector by government organizations and private companies, technology advancements in the farming techniques are propelling the growth of the Vegetable Fertilizer Market. However, the lack of farmers' awareness, which causes overfertilization and stringent regulations for product approval, is hampering market growth.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
7.92 % |
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Segments Covered |
By Product, Application and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Harrell’s, J.R. Simplot, Agrium, Knox, Koch, Helena Chemicals, Potash Corp of Saskatchewan Inc., ICL, The Mosaic Company, Uralkali PJSC, and Florikan. |
Asia-Pacific is anticipated to have the largest revenue and significantly grow with high CAGR due to the availability of large agricultural areas, demand for food, high investments by the market leaders in this area, growing demographics, and emerging economies like China and India. However, it is followed by the Americas and European countries.
Harrell’s, J.R. Simplot, Agrium, Knox, Koch, Helena Chemicals, Potash Corp of Saskatchewan Inc., ICL, The Mosaic Company, Uralkali PJSC and Florikan. Some of the market players are dominate the global vegetable fertilizer market.
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