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
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