1.1 Market definition and scope
Like all living things, plants have certain nutritional needs that must be met in order to ensure their proper development. Four distinct needs have been scientifically identified: potassium (K), nitrogen (N), oxygen (O) and phosphorus (P). While oxygen is naturally present in the air, it is often necessary to ensure the supply of the other three elements in order to guarantee regular and high agricultural yields.
Nitrogen, potassium and phosphorus are therefore the basis for the production of of chemical fertilizers which is generally referred to as "NPK fertilizer" [ The World ]. These fertilisers are also called mineral fertilisers. Another category of fertilizer exists, that of natural or organic fertilizers (produced from plant or animal matter).
The use of fertilizers thus responds to an action of soil fertilization . The objective is to increase agricultural yields to meet a global demand for food that is increasing year after year. The fertilizer market is thus a constantly growing market.
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