The forecast for nitrogen fertilizer use on crops in Brazil indicates a steady increase from 2024 to 2028, starting at 86.78 kilograms per hectare in 2024 and reaching 94.49 kilograms per hectare by 2028. This represents a consistent annual increase, with year-on-year growth rates of approximately 2.3% to 2.4%. The compound annual growth rate (CAGR) over the five-year period is expected to be around 2.12%.
Future trends to watch for:
- Potential impacts of environmental regulations on fertilizer usage.
- Technological advancements in precision agriculture that may enhance nitrogen fertilizer efficiency.
- Market fluctuations in the agricultural sector affecting fertilizer demand and supply dynamics.