Forecast: Sold Production of Fertilisers Containing Nitrogen and Phosphorus in Italy

The production of fertilizers containing nitrogen and phosphorus in Italy showed significant fluctuations from 2013 to 2023. A notable peak occurred in 2021 with an extraordinary increase of 535.39%, followed by a sharp decline in 2022. By 2023, the market stood at 38.95 million euros, reflecting a moderate year-on-year growth of 7.73%, and a compound annual growth rate (CAGR) of 6.26% over the past five years.

Future projections indicate a steady growth with expected values reaching up to 47.814 million euros by 2028, achieving a forecasted 5-year CAGR of 3.24% and an overall growth rate of 17.31%. This suggests a stable yet moderate growth trend moving forward.

Key future trends to watch for include advances in fertilizer technology, changes in European agricultural policies, and market responses to global supply chain disruptions. Additionally, the focus on sustainability and organic farming may influence market dynamics over the coming years.