Global Fertilizer Industry: Emerging Stronger Post-Plunge

The global fertilizer industry witnessed significant challenges during 2022 due to the high natural gas prices. The key raw material got costlier because of supply chain bottlenecks arising from the Russia–Ukraine conflict. The worldwide farmers’ affordability took a hit despite an increase in crop prices and hence the fertilizers’ demand suffered. The industry is on a path to recovery as the natural gas prices pull back from their peak and the long-term drivers such as population and economic growth remain resilient.