Market Analysis: Fertilisers and Nitrogen Compounds in Germany
The German fertilisers and nitrogen compounds market has experienced fluctuating trends over the past decade. From 2013 to 2021, the market initially showed growth but faced a significant downturn from 2016, with a compounded annual growth rate (CAGR) of -2.81% leading up to 2023. The forecasted data from 2023 to 2028 projects a continued decline, with a CAGR of -5.07% and a total decrease in market size value by -22.9%.
Future Trends
Key trends to watch include technological advancements in fertiliser production, shifts towards sustainable and organic farming practices, and regulatory changes impacting nitrogen usage. These factors may play a crucial role in shaping the market dynamics and potentially reversing the downward trend.