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Furthermore, rising population and dietary shifts are expected to increase food demand, helping the fertilizer industry grow. According to a Global Market Insights report, the fertilizer market is expected to grow at a 2.4% CAGR from 2021 to 2027.
So, we think it could be wise to scoop up the shares of fundamentally strong fertilizer stocks Nutrien Ltd. (NTR), The Mosaic Company (MOS), and Intrepid Potash, Inc. (IPI). They are expected to generate significant returns in the coming months.
