Lingering logistic disruptions continue to mar the optimal productivity of the fertilizer industry. However, lucrative federal initiatives might boost the sector in the upcoming terms. With assistance from the Inflation Reduction Act, the U.S. Department of Agriculture aims to address future fertilizer availability and cost challenges for domestic producers.
Moreover, demand for fertilizers is projected to surge with the rising demand for food amid an expanding global population. According to Vantage Market Research, the global fertilizer market size is projected to grow at a CAGR of 2.3% from 2022 to 2028.
