SusGlobal Energy Corp. (OTCQB:SNRG) a sustainable waste to energy and regenerative products provider and a trusted brand for the fertilizer, soil, and aquaculture market, as a LEADER IN THE CIRCULAR ECONOMY®. The developer SusGro™, an award-winning and revolutionary pathogen free organic liquid fertilizer, is an industrial, environmental, and agricultural biotechnology company.
Fertilizer Market Size to Worth Around US$ 271.6 Bn by 2030 According to Precedence Research, the global fertilizer market size was estimated at US$ 201.1 billion in 2021 and is projected to be worth around US$ 271.6 billion by 2030, growing at a CAGR of 3.4% from 2022 to 2030.
Investors often need to identify sectors when it comes to making investments and at this point in time, there are a number of sectors they could start tracking. One sector that they may start looking into a bit more closely is the fertilizer sector. In 2022, the fertilizer market is estimated to be valued at a staggering $207.93 billion and as the population continues to expand, the agriculture sector is going to have to keep expanding.
Hence, the need for more fertilizers for effective agriculture and is possibly one major reason why the sector might continue to expand in the coming years. In this context, it is also necessary to point out that the Food and Agriculture Organization has noted that by the time 2050 comes along, as much as 70% of the population will be living in cities.
If that does come to pass then the quantum of agricultural land is also going to shrink consequently and that is something that is expected to provide a boost to the agricultural sector as well.
Due to the lesser expanse of arable land, farmers would need to use more fertilizers in order to ensure that they manage to come up with the amount of output that may satiate the demands of the market. Due to rising populations and the migration to cities, the global fertilizer market is expected to continue to rise over the course of the coming decades. It is a sector that could well be worth monitoring closely.