Portugal Fertilizer Market revenue size is anticipated to grow at a CAGR of 3.8% during 2024-2030

In terms of type segment, inorganic fertilizer category accomplished the maximum revenue share in Portugal Fertilizer Market – 6Wresearch

The inorganic fertilizers held the largest revenue share in the type segment of Portugal's fertilizer market owing to their immediate effectiveness in enhancing crop yields and widespread use in intensive farming practices. Inorganic fertilizers provide essential nutrients in readily available forms that plants can absorb quickly, which is crucial for meeting the high demands of intensive agriculture.

According to 6Wresearch, Portugal Fertilizer Market revenue size is anticipated to grow at a CAGR of 3.8% during 2024-2030F. Rising food demand in Portugal would drive the country's fertilizer industry. The national goal is to increase the daily consumption of 400 grams of fruits and vegetables among all age groups by 2030. The 2023 Food Barometer shows 90% of Portuguese consumers are more focused on healthy eating, with 51% having adopted more nutritious diets in the past year. However, only 23% consume 11 to 14 healthy meals per week, highlighting growth potential for the agricultural sector.

Health is the primary motivation for 93% of Portuguese consumers when choosing a healthier diet, and 84% consider the nutritional index of their food choices important. Additionally, 68% were influenced by environmental and animal welfare concerns. This shift in behaviour is pressuring the agricultural sector to boost fruit and vegetable production, driving fertilizer demand and enhancing the fertilizer market's role in supplying high-quality products.

According to Shubham Deep, Senior Research Associate, 6Wresearch, agriculture by application is projected to have the highest revenue share in the upcoming years owing to the country's extensive and diverse farming activities. The need to boost crop yields and support intensive farming practices would drive significant demand for fertilizers. Additionally, ongoing investments such as $343 million for small farmers and advancements in agricultural technologies will further enhance the use of fertilizers in this sector.

Portugal Fertilizer Market (2024-2030) report provides an in-depth analysis with 16 figures and 10 tables, covered in 73 pages. The report comprehensively covers the market by types, fertilizer content, formulation, application and regions. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.