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The global fertilizer market is expected to grow at 5% CAGR to $323.38 billion by 2028. And because rising food prices should drive the demand for fertilizers, well-established stocks Nutrien Ltd. (NTR) and Yara International ASA (YARIY) should benefit.
However, given the current challenges facing the industry, we think fundamentally weak stocks in this space—Sociedad Química y Minera de Chile S.A. (SQM) and The Scotts Miracle-Gro Company (NYSE:SMG)—could suffer a decline in the near term.
