Fertilizer Procurement Intelligence: Driving Business Growth
The fertilizer category is expected to grow at a CAGR of 3.4% from 2023 to 2030. The rise in global population and increasing demand for food is expected to drive the category growth. The world's population has witnessed a remarkable rise, approximately three times larger than it was in the middle of the twentieth century. To accomplish the rising need for food as the world's population grows, it is urgent to boost the production of agricultural products. Fertilizers are important for modern agriculture because they give crops the required nutrients and increase soil fertility & crop yields. The demand for animal feed is also being driven by shifting dietary habits and the move towards more protein-rich diets in emerging nations. As a result, it is driving up the demand for fertilizers used in the cultivation of forage and pasture. Further, integrating fertilizers for optimal crop production has become increasingly important due to the adoption of contemporary agricultural...