The global Green Fertilizers market size was estimated to be worth roughly USD XX million in 2021 and is predicted to grow to around USD XX million by 2030. The global Green Fertilizers market is predicted to grow at a CAGR of roughly 24.3% during the forecast period.

Mineral fertilizers are known enable the almost 50% of food production worldwide. The fertilizer industry is keeping an eye for green fertilizers techniques to lower the carbon footprint. Production of mineral fertilizers is energy intensive process which requires nearly 5% of global gas consumption for production of ammonia which is a major constituent of mineral fertilizer. Green ammonia which is a low-carbon fertilizer is produced using renewable energy has potential to assist in decarbonization across food production value chain.

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COVID-19 pandemic has long term impacts on global economy. The impact of COVID-19 in first quarter of 2021 was quite adverse and decline in sales was observed across all the industrial sector with temporary lockdown of production plants. Disruptions in supply chain impacted raw material availability and delayed delivery of goods was observed as a result of temporary halt of logistics services. However, green fertilizers market started observing recovery during the second half of 2021 with availability of vaccines and partial upliftment of lockdowns.

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The global green fertilizers industry is projected to observe a huge growth momentum over the forecast period. This growth is attributed to the rising need for sustainable solutions for agriculture, growing need to reduce the carbon footprint, increasing environmental concerns with the use of synthetic fertilizers. Additionally, need for sustainable agricultural practices to increase the resilience to climate change will boost the demand for green fertilizer market.

Green Fertilizers Market Scope and segmentation

Segment insight

The global Green Fertilizers market is segmented based on technology, fertilizer, and region.

• The green fertilizers market is categorized into Proton Exchange Membrane, Alkaline Water Electrolysis (AWE) and Solid Oxide Electrolysis based on technology. At global level, Alkaline Water Electrolysis segment is projected to register fastest CAGR over the forecast period of 2022 and 2030 since it is well known process with dependability and traditional technique of electrolysis.
• Based on fertilizer market is categorized into Calcium ammonium nitrate (CAN) and Ammonium nitrate (AN). In 2021, Ammonium nitrate fertilizer segment held largest revenue share of global revenue. Efficacy of ammonium nitrate is major reason it is widely used across the globe.

List of Prominent Players in the Green Fertilizers Market

• Siemens Energy
• Yara International ASA
• Origin Energy Limited
• Hive Energy
• HY2GEN AG
• Iberdrola, S.A.
• Haldor Topsor A/S
• H2U Technologies, Inc.
• Fertiglobe
• Fusion-Fuel
• Eneus Energy Limited
• Dyno Nobel
• Enaex Energy
• Ballance Agri-Nutrients
• CF Industries Holdings, Inc.
• Aker Clean Hydrogen
• ACME Group
• Air Products Inc.
• Others 

Recent Developments:

In January 2022, Yara International and Lantmännen signed commercial agreement for bringing the renewable energy-based fossil free fertilizers in the market. Yara is a leading Norwegian company a dealing with fertilizer production whereas Lantmännen is leading agricultural cooperative.

Segments Covered in the Report:

By Technology

• Alkaline Water Electrolysis
• Proton Exchange Membrane
• Solid Oxide Electrolysis

By Fertilizer

• Calcium ammonium nitrate (CAN)
• Ammonium nitrate (AN)

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Green Fertilizers Market -Share, Size, Industry Trends and Forecast to 2028

The green fertilizers market was valued worth around USD XX million in 2021 and is predicted to grow to around USD XX million by 2030 with a compound annual growth rate (CAGR) of roughly 24.3% between 2022 and 2030.

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