Modern farming practices and technology adoption and increasing global population and food demand are expected to drive the Global NPK Fertilizers Market growth in the forecast period, 2025-2029

According to TechSci Research report, “NPK Fertilizers Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global NPK Fertilizers Market stood at USD 5.98 billion in 2023 and is anticipated to grow with a CAGR of 4.13% in the forecast period, 2025-2029. The awareness among individuals regarding NPK Fertilizers has led to favorable market conditions for the global NPK Fertilizers market. Several factors contribute to the growth of various NPK Fertilizers products.

The adoption of modern farming practices, such as precision agriculture, no-till farming, and the use of high-yielding crop varieties, has led to an increased requirement for NPK fertilizers. These practices aim to optimize crop production, and NPK fertilizers are a key component in achieving higher yields and better crop quality. Furthermore, the mechanization and commercialization of agriculture have led to increased NPK fertilizer use to ensure the efficient and sustainable production of crops.