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Stock impact report

Is The Scotts Miracle-Gro Company (SMG) the Best Fertilizer Stock to Buy? [Yahoo! Finance]

Scotts Miracle-Gro Company (The) (SMG) 
Last scotts miracle-gro company (the) earnings: 1/29 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The fertilizer industry is a crucial sector in agriculture that focuses on the production and distribution of substances that enhance plant growth. By supplying necessary nutrients, fertilizers help improve crop yields and quality, which are essential for feeding the growing global population. The industry has evolved significantly over time, with modern practices relying heavily on chemically manufactured fertilizers to support large-scale farming and meet the global demand for food. According to Mordor Intelligence, the global fertilizer market is estimated to have reached a value of $381.7 billion in 2024. Looking forward, the market is expected to grow at a compound annual growth rate (CAGR) of 5.99% during 2024-2030 to reach $541.2 billion by ?the end of the forecast period. READ ALSO: 10 Undervalued Chemical Stocks to Invest In and 7 Best Agriculture Stocks to Buy Right Now There is a strong sense of optimism within the industry. The Fertilizer Institute's 2023 Industry T Show less Read more
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