This post is by Tessa Di Grandi from Visual Capitalist
4 Things Investors Need to Know About the Fertilizer Market in 2023
Food security is of crucial importance many reasons—from ensuring both political and social stability, to supporting the health of the global economy.
You may be surprised to learn that fertilizer plays a crucial role in food security by enhancing the quantity and quality of harvests. In short, fertilizers can make food more affordable and accessible.
The above infographic sponsored by Brazil Potash digs into four major trends currently impacting the demand of fertilizer. Let’s break them down here.
1. Feeding 10 Billion People by 2050
The world’s population is increasing rapidly and is expected to reach nearly 10 billion by 2050. This growth is particularly strong in developing countries where food security is already strained.
As the population grows, more crops are needed to support global food systems. Increasing crop production is essential and the fertilizer market is a critical ingredient in improving crop yields.
2. Less Farmland
After around 10,000 to 12,000 years of reshaping land for agriculture, the amount of arable land on earth is declining.
Based on the agricultural expansion predicted to take place between 2010 and 2050, an estimated 593 million hectares of agricultural land—nearly twice the size of India—will be needed.
With little room left to grow, fertilizers will take on an increasingly critical role in boosting crop production.