UAE Fertilizer Market: Projected CAGR of 4.34% until 2028
Growth in research and development activities is expected to drive the UAE Fertilizer Market growth in the forecast period, 2024-2028. According to TechSci Research report, “ UAE Fertilizer Market – By Region, Competition, Forecast and Opportunities, 2018-2028F ”, the UAE Fertilizer Market stood at USD374.62 million in 2022 and is anticipated to grow with a CAGR of 4.34% in the forecast period, 2023-2028. The initiatives taken by government based on fertilizer has led to favorable market conditions for the UAE Fertilizer Market. Several factors contribute to the growth of various fertilizer market products. Abu Dhabi's oil giant ADNOC is taking a significant step towards reducing carbon emissions and embracing clean energy. As part of their efforts, ADNOC plans to install a 10-tonnes-per-day carbon capture unit at a nitrogen fertilizer plant. This innovative initiative, developed by UK-based Carbon Clean, will not only help curb greenhouse gas emissions but also contribute to the...