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Benzalkonium Chloride Market Size, Development, Key Opportunity, Applications

One of the most profitable verticals within the bulk and specialty chemicals domain, global benzalkonium chloride market size is projected to exceed a valuation of more than US$1.05 billion by 2025.

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Benzalkonium Chloride Market Size, Development, Key Opportunity, Applications

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  1. Benzalkonium Chloride Market Size, Development, Key Opportunity, Application & Forecast to 2027 Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Fertilizer Market: • The access of farmers to essential agricultural inputs such as fertilizers has become a vital consideration for food security. Since plants are primary nutrient sources for people as well as animals, improvement in the availability of minerals and other nutrients in the soil has become one of the major driving forces behind the ever-increasing demand for farm fertilizers. Based on a Global Market Insights Inc report, the fertilizer market is set to cross USD 240 billion by 2030. • Increasing burden on agricultural supply chains following impacts of the ongoing Russia-Ukraine tensions will ramp up efforts from governments to improve farmers’ access to fertilizers

  3. Continued... • Food security is one of the most prevalent challenges the modern world is facing. According to estimates from the FAO (Food and Agriculture Organization), the global population is set to reach nearly 9.7 billion by 2050, which would increase food demand by almost 60%. • The FAO has further established that world hunger has increased significantly due to the onset of the novel coronavirus outbreak, creating a substantial roadblock to the Zero Hunger target set for 2030 under the Sustainable Development Goal. Furthermore, the growing levels of carbon dioxide in the environment are also impacting the nutritional value of some foods. • These issues have shed light on the importance of investments, not just from governments, but also from the private sector, in improving farm fertilizer production and eventually restoring agricultural output.

  4. Browse key industry insights spread across 300 pages with 538 market data tables & figures from the report, “Fertilizer Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/fertilizer-market Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4577

  5. Continued... • Crops require various essential nutrients and minerals for healthy growth, a need that is being fulfilled by advanced fertilizer formulations. In recent times, food systems across the globe are facing significant challenges due to ongoing events such as the Russia-Ukraine conflict, as well as residual impacts of the COVID-19 pandemic on agricultural supply chains. One of these challenges is the dramatic rise in fertilizer prices, which has the potential to disrupt agricultural production considerably. • To that end, in March 2022 the USDA (U.S. Department of Agriculture) announced its support for additional production of fertilizers, in order to empower farmers in the U.S. to address increasing costs and other impacts of the Russia-Ukraine conflict on farming activities. The USDA has committed USD 250 million through a grant program, aimed at facilitating innovative, sustainable, and independent fertilizer production in the U.S. to improve American farmers’ access to advanced fertilizer formulations.

  6. Continued... • At present, one of the key matters being addressed in climate discussions at the United Nations is the burgeoning climate crisis. Agriculture is one of the main areas of focus in this case, a trend that has driven many industry players to seek more productive ways to build resilience against impending climate shocks, whilst mitigating waste and reliance on non-renewable agricultural inputs, including inorganic fertilizers. • According to a research summary presented jointly by Greenpeace, GRAIN, and IATP in November 2021 on fertilizer-based emissions, synthetic nitrogen fertilizers were found to represent nearly 2.4% of global emissions, as well as over 20% of direct emissions from the agriculture sector. In this situation, the development of sustainable alternatives to synthetic fertilizers has become imperative, contributing significantly to organic fertilizer market growth in recent years.

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