The global fertilizer market is predicted to be valued at $323,375.0 million by 2028 , surging from $221,428.6 million in 2020 , at a noteworthy CAGR of 5.0% . Impact Analysis of COVID-19 on the Fertilizer Market The coronavirus outbreak has led to enormous uncertainty for various businesses. Fertilizer market faced supply chain issues due to closed borders and import-export restrictions. The fertilizer market was greatly affected as China, which is the major producer and consumer of sulphur, sulphuric acid, and phosphates was badly hit by the COVID-19 virus, the fertilizer production units were closed. In addition, production rates also declined significantly. The lockdown imposed in China caused bottlenecks in the supply chain of phosphates, sulphur, and sulphuric acids, which are the raw materials required for manufacturing of fertilizers. In terms of logical constraints, cross-border transport was negatively impacted. For instance, the cross-b...
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