NPK fertilizers Market Size, Company Revenue Share, Key Drivers, and Trend Analysis, 2020–2028
The global NPK fertilizers market is expected to reach USD 3.4 Billion by 2028, with a CAGR of 4.3%, according to a novel report by Reports and Data. Amplified focus on the crop productivity and cumulative demand for crops for livestock feed preparation is expected to increase the growth of the NPK fertilizers market. Nitrogen, Phosphorus, and Potassium are the essential components required for plant growth. NPK fertilizers are gaining popularity, considering their positive effects on crop yield and quality. They are designed in a way to meet the primary requirements of the crop in a single product. These fertilizers enhance the water and nutrient use efficiency to reduce the further application cost. Rising awareness and utilization of NPK fertilizers for high crop yield coupled with increasing demand for enriched food grains and products is propelling the market for NPK fertilizers. Also, the worldwide shrinking farms and concerns to meet the food safet...