In 2023, Italy's production of mineral or chemical fertilizers with nitrogen, phosphorus, and potassium reached 497 million kilograms. From 2024 onward, a declining trend is forecasted through 2028. Specifically, the year-on-year reductions are projected at 4.9% in 2025, 5.2% in 2026, 5.4% in 2027, and 5.6% in 2028. The compound annual growth rate (CAGR) over the five-year period is estimated at -5.2%.
Future trends to watch for:
- Shifts in agricultural practices towards organic alternatives.
- Evolving regulations impacting fertilizer usage and production.
- Climate change affecting yield and fertilizer needs.
- Technological advancements in precision agriculture reducing fertilizer dependency.