United Kingdom – A new global production facility for speciality crop nutrition products and biostimulants intended to boost yields and enhance quality will be constructed by Yara International.
For these items, which are essential for achieving food security and halting climate change, the facility will rank among the biggest in the world.
When completed by the end of 2025, the factory, which is being built adjacent to the business’s current site in Yorkshire, UK, will enable Yara to double the capacity of its YaraVita products and extend manufacturing capacity as needed. Almost majority of the plant’s output will be shipped to markets all over the world.
Expanding market
According to MarketsandMarkets, the market for specialized fertilizers worldwide is expected to expand at a compound annual growth rate (CAGR) of 6.8% between 2022 and 2027. According to a report by DunhamTrimmer, who is referring to the years 2018 through 2030, the CAGR for biostimulants is rising at a rate that is even greater – more than 12%.
Biostimulants
Similar to humans, plants require all necessary nutrients to survive. Foliar fertilizers, which are given to the leaf or fruit, deliver specialty nutrients that are just as important for crop growth and quality as typical mineral fertilizers, which are put to the soil. Similar to taking vitamins, biostimulants are stimulants for plants. This increases the plants’ ability to utilise nutrients more effectively and helps them adjust to climate change.
The quality of YaraVita products has been examined in around 3,000 trials. Yields have increased as a result of the experiments, often by 3% to 8% and as much as 30%. The profitability and return on investment of farmers are increased by higher yields and better crop quality.
