The main advantages are as follows:
#Reduces fixation of nutrients as it provides minimum contact between the soil and the fertilizer.
# It does not support the growth of weed.
#Gives a high residual response.
#The utilization of fertilizers by the plants is higher.
#Loss of nitrogen by leaching is reduced.
#Being immobile, phosphates are better utilized when placed.
MARKET ANALYSIS AND INSIGHTS
The Global Fertilizer market was valued at 106.51 Million USD in 2020 and will grow with a CAGR of 6.19% from 2020 to 2027.
Since the COVID-19 outbreak, the fertilizer industry has been significantly affected in many parts of the world. Asia-Pacific is the largest fertilizers market and accounts for a share of around 60.0% of the overall market.
China is the largest consumer of fertilizers in the Asia-Pacific region, and it accounted for around 53.0% share in the Asia-Pacific fertilizer market in 2019.
Over the long term, the technological innovations in the industry, coupled with the growing demand for N, P, and K and micronutrient fertilizers, are expected to drive the market growth
To catch up and stay informed on Aloe Token’s work, make sure to follow us on various social media.
And please feel free to send a mail to email@example.com if you have more questions.