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Global Chemical Fertilizers Market Report 2021: COVID-19 Impact and Recovery to 2030 - ResearchAndMarkets.com
April 26, 2021 GMT
DUBLIN (BUSINESS WIRE) Apr 26, 2021
The global chemical fertilizers market is expected to grow from $127.57 billion in 2020 to $137.99 billion in 2021 at a compound annual growth rate (CAGR) of 8.2%.
Major companies in the chemical fertilizers market include Nutrien Ltd.; Yara International; The Mosaic Company; CF Industries Holdings Inc. and Israel Chemicals Ltd.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $150.64 billion in 2025 at a CAGR of 2%.