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Global fertilizer market set to grow to $279.52 billion by 2033, driven by food demand and tech advancements.
The global fertilizer market is forecasted to grow significantly, reaching $279.52 billion by 2033, driven by rising food demand and technological advancements.
Amino acid fertilizers, which offer improved nutrient uptake and environmental benefits, are also expected to grow by $392.4 million from 2025-2029.
NPK fertilizers, crucial for plant nutrition, are projected to reach $4.15 billion by 2025, driven by population growth and government subsidies.
However, environmental concerns and cost constraints pose challenges to market growth across all types of fertilizers.
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El mercado mundial de fertilizantes crecerá a $279,52 mil millones para 2033, impulsado por la demanda de alimentos y los avances tecnológicos.