NASHVILLE, Tenn. (RFD News) — A number of fertilizers continue costing significantly more than they did a year ago, leading some farmers to explore alternative products and nutrient options.
Market research from Global Market Insights estimates the global green fertilizer market was valued at roughly $2.7 billion last year and could grow to nearly $4 billion by 2035.
Researchers say that would represent a compound annual growth rate of more than 4 percent annually.
The report says that growing environmental regulations and increasing consumer interest continue to drive demand for green fertilizer products across agriculture.
Researchers also found that renewable urea accounted for nearly 30 percent of the market last year as adoption of alternative fertilizer products continues to expand.
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