NPK Fertilizers Market Projected to Reach $2.9 Billion by 2023
NPK Fertilizers Market NPK Fertilizers Market ( EMAILWIRE.COM , June 01, 2021 ) The NPK fertilizers market (food-grade) is estimated to be valued at USD 2.4 billion in 2018 and is projected to reach USD 2.9 billion by 2023, at a CAGR of 4.0% during the forecast period. Rise in consumption of meat dairy products due to rising disposable income and focus on nutrition is expected to drive the NPK fertilizers (food-grade) market. The NPK fertilizers market (feed-grade) is estimated to be valued at USD 5.4 billion in 2018 and is projected to reach USD 6.6 billion by 2023, at a CAGR of 4.1% from 2018. These feed-grade fertilizers help animals attain faster growth and increase their weight by providing added nutrition to their meals. Download PDF Brochure: https:||www.marketsandmarkets.com|pdfdownloadNew.asp?id=197135673 Phosphorus segment is estimated to be the largest in 2018 The NPK fertilizers (food-grade) market, by type, is expected to be dominated by the phosphorus segment. It is also projected to be the fastest-growing segment.
NPK Fertilizers Market Projected to Reach $2.9 Billion by 2023
NPK Fertilizers Market NPK Fertilizers Market ( EMAILWIRE.COM , June 01, 2021 ) The NPK fertilizers market (food-grade) is estimated to be valued at USD 2.4 billion in 2018 and is projected to reach USD 2.9 billion by 2023, at a CAGR of 4.0% during the forecast period. Rise in consumption of meat dairy products due to rising disposable income and focus on nutrition is expected to drive the NPK fertilizers (food-grade) market. The NPK fertilizers market (feed-grade) is estimated to be valued at USD 5.4 billion in 2018 and is projected to reach USD 6.6 billion by 2023, at a CAGR of 4.1% from 2018. These feed-grade fertilizers help animals attain faster growth and increase their weight by providing added nutrition to their meals. Download PDF Brochure: https:||www.marketsandmarkets.com|pdfdownloadNew.asp?id=197135673 Phosphorus segment is estimated to be the largest in 2018 The NPK fertilizers (food-grade) market, by type, is expected to be dominated by the phosphorus segment. It is also projected to be the fastest-growing segment.