Australia Fertilizers Market: Trends, Growth, and Forecast Analysis
The Australia fertilizers market size is expected to reach USD 1.8 billion by 2030, and is expected to expand at a CAGR of 1.6% over the forecast period as per the new report by Grand View Research, Inc. The industry growth is majorly driven by the rising demand for food crops coupled with shrinking arable land and the adoption of precision farming methods. New food processing, manufacturing, and packaging techniques have resulted in a flourishing food & beverages sector across the country. This has led to an increase in demand for agricultural products such as food grains, vegetables, oilseeds, and fruits, thereby driving the growth of the product market. However, ammonia used for manufacturing fertilizers gets volatilized from nitrogen fertilizers and forms fine particles in the atmosphere, which are hazardous to human health. Also, nitrification releases nitrous oxide in small amounts, which gets mixed into the stratosphere, thereby contributing to ...