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Saudi Arabia Fertilizer Market: Why is It Important?
Farmers need help to increase their crop productivity by using fertilizer. Across the globe, it is important to prioritize the productivity and quality of the crop and Saudi Arabia included. As the population grows, there is an increased demand for more food which has impact on the development of Saudi Arabia fertilizer market.
According to a leading market research firm, GMI Research, fertilizer market touched USD 972.4 billion in 2022 and would reach USD 1,436.7 billion in 2030. Saudi Arabia fertilizer market will also observe a rapid development in the years ahead due to increasing population and the rising need for food production in the country. As the government is trying to diversify the economy from the oil and gas industry, the agricultural sector can have more focus on farming and thus there will be more initiatives and projects which can drive the development of the fertilizer market.
Why is It Important?
The rapid growth of the market is owing to the many importance of fertilizer.
1. Enhanced crop yield
The main benefit of using these additional nutrients is to increase crop yield significantly. Fertilizers contain essential elements that are vital for plant’s growth and health. These nutrients can help in optimizing the development of flowers and leaves which leads to higher yields.
2. Increased soil fertility
It also contributes to increasing soil fertility by adding nutrients. As there is an increased fertility in the soil, there will be an enhanced absorption of nutrients and water. Additionally, this can optimize the plant growth environment.
3. Quicker growth and progress
With adequate nutrients, this can facilitate plants to grow and develop in a quicker manner. This can be beneficial for farmers especially in areas where growing seasons are short, so farmers can produce crops optimally in a limited time.
4. Customizable nutrient blend and composition
As innovations are underway, farmers can customize the composition of nutrients, so farmers can tailor the application based on particular needs of the crops. This feature can help farmers to provide specific nutrients for the crops as necessary. It can optimize crops’ growth and minimize nutrient waste.
5. Regulate nutrient balance and pH of soil
Fertilizers can also regulate pH levels of the soil while balancing nutrients. This is important to ensure nutrient uptake and maintaining the general plant health. By sustaining the right pH level, fertilizers optimize the environment for good microorganisms which can positively affect the health of the soil.
6. Pest and disease resistance
As plants are becoming healthy and well-fed, they can be more resistant to pests and diseases. This is because fertilizers can create immunity thus making crops less prone to insect attacks and pathogens. Additionally, crops that are healthy need less pesticides which can reduce cost and environmental impact.
7. Ensuring food security
By improving productivity, farmers and agriculture companies can contribute to ensure food security. In addition, ensuring that crops are high quality also means that there will be less food waste and make sure that there is food availability for the communities.
8. Agriculture sustainability
By improving crop yields, Saudi Arabia fertilizer market can minimize land expansion and therefore it can promote sustainable practices and preserve natural habitats.