Global Complex Fertilizers Market is valued at USD 29.41 Billion in 2021 and is expected to reach USD 44.91 Billion by 2028 with a CAGR of 5.87% over the forecast period.
Compound or complex fertilizers, the fertilizers created by mixing together two or more types of macronutrient fertilizers, are employed as a manner of offering crops a suitable amount of fertility. The demand for complex fertilizers has grown at a promising speed in the last years and carries on to show a steady development rate as factors such as rising urbanization, industrialization, conversion of arable lands into commercial landscapes, and rise in energy consumption are making the requirement for provision of correct fertility to arable lands more vital.
The global complex fertilizers market has been divided based on crop type, type, mode of application, form, and region. By type, the global complex fertilizers market has been divided as incomplete complex fertilizers and complete complex fertilizers. The complete complex fertilizers section has been further divided into N-P-K (15-15-15), N-P-K (12-32-16), N-P-K (10-26-26), and others. The incomplete complex fertilizers section has been further divided as monopotassium phosphate (0-52-34), monoammonium phosphate (11-52-0), diammonium phosphate (18-46-0), potassium nitrate (13-0-45), and others. By crop type, the global complex fertilizers market has been divided as fruits and vegetables, oilseeds and pulses, cereals, and others. The global complex fertilizers market has also been divided, by form, into liquid and granular. Based on mode of application, the global complex fertilizers market has been segmented into fertigation and foliar.
The major players included in the global complex fertilizers market forecast are,
One of the major factors powering the global complex fertilizers market is the increasing global population and the consecutive requirement to get sustainable agricultural processes. The huge growth in urban settings and global population and the consecutive drop in arable land are leading to a scenario where the requirement for food products is injuring the current agricultural yield trends. The scenario is much elevated in developing nations across regions such as Latin America, Asia Pacific, and Africa, which, due to the elevated aim on industrial growth as a way to develop economically, need land (millions of hectares) if the food requirements of the increasing population are to be met.
From a regional point of view, the global complex fertilizers market is divided into regions such as Asia Pacific, North America, Middle East and Africa, Europe, and Latin America. Asia Pacific is one of the most lucrative areas for the complex fertilizers market. The regional market is predicted to clock a promising growth over the coming future. Factors such as constant erosion of arable lands, vast population, the rising demand for enhanced irrigation systems, and increased awareness amongst farmers about the accessible fertilizers and their proper usages are predicted to be the major driving factors of the complex fertilizers market in Asia Pacific over the coming period. The role of China as a major producer as well as user of complex fertilizers is also expected to operate well in support of the regional market over the coming period.
Market by Regional Analysis
|2018 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 29.41 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 44.91 Billion
|Tables, Charts & Figures:
|complex fertilizers manufacturers
|The Mosaic Company, Yara International ASA, PJSC PhosAgro, Potash Corporation of Saskatchewan Inc., Haifa Chemicals Ltd., CF Industries Holdings Inc., Adventz Group, Israel Chemicals Limited, Eurochem Group AG.
|By Product Type, By End users/applications
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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