The fertilizer industry, an integral part of modern agriculture, is pivotal in achieving food security and feeding expanding population. By 2025, rising demand has lifted the industry’s value to USD 213.1 billion, with a further 2.7% yearly expansion anticipated. In the United States, the world’s third-largest fertilizer consumer, responsible for nearly 11% of international use, demand continues to climb at a pace that even surpasses the global averages.
"It wasn’t until 2022, with the start of the Russia–Ukraine war, that many realized how dependent the world is on fertilizers and how closely food prices are tied to energy prices."