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Best of NAMA 2024












GLOBAL MARKET INSIGHTS FORECAST GREEN FERTILIZER MARKETS TO GROW TO $3.64 BILLION
Source: Global Market Insights Inc.

The global green fertilizer market was valued at USD 2.43 billion in 2023 and is estimated to be worth USD 3.65 billion by 2032, as per a recent study by Global Market Insights Inc.

Green fertilizer market is set to exhibit over 4.7% CAGR from 2024 to 2032, driven by rising demand for sustainable agricultural practices. The shift towards environmentally friendly fertilizers is being propelled by increased awareness of ecological impacts and the need for sustainable farming solutions. Green fertilizers, which enhance soil health and reduce environmental pollution, are gaining traction among farmers and agricultural businesses.

The rising consumer demand for organic produce drives agricultural practices that use green fertilizers. Technological advancements and innovations in fertilizer production further support this shift, making green fertilizers a key component of modern, environmentally responsible farming practices. This growing preference is expected to significantly expand the market, with key segments driving the overall growth.

The overall green fertilizer market size is classified based on the fertilizer, technology, end-user and region.

Rapid growth from Calcium Ammonium Nitrate

The calcium ammonium nitrate (CAM) segment is expected to register a commendable growth rate from 2024-2032, due to its effective nutrient release and environmental benefits. CAM, a blend of calcium carbonate and ammonium nitrate, provides essential nutrients while minimizing nitrate leaching, thus supporting sustainable farming practices. Its ability to improve soil fertility and crop yield, combined with lower environmental impact compared to traditional fertilizers, makes it a popular choice among farmers. As demand for green fertilizers grows, CAM is anticipated to capture a significant market share, bolstering overall market expansion.

Horticulture to gain traction

The horticulture segment is expected to experience a notable boom by 2032. Horticulture, which encompasses the cultivation of fruits, vegetables, and ornamental plants, increasingly relies on green fertilizers to enhance soil quality and promote healthy plant growth. The shift towards organic and environmentally friendly farming practices in horticulture aligns with the broader trend of sustainable agriculture. As consumers and businesses alike demand higher-quality, eco-friendly produce, the adoption of green fertilizers in horticulture is set to drive significant market growth.

Europe to emerge as a lucrative market

Europe green fertilizer market is expected to record significant growth throughout 2024-2032. A strong focus on environmental sustainability, supported by stringent regulations and government initiatives, fosters a favorable environment for green fertilizer adoption. Europe's advanced agricultural practices and emphasis on reducing chemical inputs further contribute to the market's expansion.

The presence of leading agricultural firms and substantial investments in research and development also play a critical role in driving innovation and production, positioning Europe as a key player in the green fertilizer industry.

Leading Key Players

Major players operating in the green fertilizer market include ACHEMA, Agrico Canada, Agroasia, CF Industries Holdings, Inc., Dyno Nobel, EuroChem, Nutrien Ltd, Ravensdown, URALCHEM Group, Yara International ASA.

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