Fertilizer Fillers Industry Survey Report by Fact.MR
Channel: Fact.MR
Date: 06/09/2021

Global fertilizer fillers market to portray a modest growth of around 5% CAGR across the 2021-2031 assessment period. Increasing demand from the fertilizer industry is anticipated to drive overall market growth.

Demand for fillers from the fertilizer industry has been increasing steadily over the years. Limestone, as an ingredient, has witnessed robust demand for use in fertilizers in the regions of Asia Pacific and North-America. Players in these regions are extracting limestone from mineral mines and processing it into various sizes according to the requirements of end-use fertilizers.

Key Takeaways from Study:

The fertilizer fillers market is anticipated to add 1.6X value by 2031 as compared to 2021.

East Asia is set to dominate market revenue, and is expected to gain 376 BPS in its market share by 2031.

Considering ingredients, sand is anticipated to gain around 111 BPS over the forecast period of 2021-2031, with limestone losing around 12 BPS by 2031
The market in the China is projected to expand at a CAGR of over 7% through 2031.

Micronutrients, under filler type, captures a major chunk of the market, and this segment projected to expand at a CAGR of over 5% over the long-run forecast period.

Due to the COVID-19 crisis, demand for fertilizer fillers was hit in 2020, which saw decline of 1.1%. The year 2021 is expected to witness growth of over 4%.

Read Global Market Survey Report of Fertilizer Fillers
https://www.factmr.com/report/fertilizer-fillers-market

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