Brazil's Fertilizer Sector Sees Expansion

Brazil's Fertilizer Sector Sees Expansion

Brazil

CORDOBA, ARGENTINA--September 29, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The fertilizer production market in Brazil has been experiencing growth in recent years for many reasons. These are internal, such as achieving self-sufficiency and promoting the use of domestic resources, and external, such as the growth in international demand for agrochemicals generated by various factors, including the conflict between Ukraine and Russia.

Industrial Info is tracking more than $443 million in investments in Brazil's agrochemical sector that are planned to be approved within the next year. Meanwhile, almost $300 million in investment in capital projects within the same sector will be executed in the next 12 months.

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