Global Complex Fertilizers Market, By Product Type (Incomplete Complex Fertilizers, Complete Complex Fertilizers), Crop Type (Cereals, Grains, Oilseeds, Fruits and Vegetables, Others), Form (Solid, Liquid), Mode of Application (Foliar, Fertigation), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Complex Fertilizers Market
The complex fertilizers market is expected to reach a value of USD 51.33 billion by 2028 and is likely to expand at a compound annual growth rate of 3.90% over the forecast period of 2021 to 2028. The rapid urbanization and low availability of arable land is the factor for the growth of the complex fertilizers market in the forecast period of 2021 to 2028.
Complex fertilizers usually contain a varying ratio of two or three macronutrients which includes phosphorous, nitrogen and potassium which are required by plants. Complex fertilizers are also termed as compound fertilizers and are available in granular and liquid form.
The complex fertilizers market is expected to gain growth, due to the better physical and chemical properties. Also the rise in crop demand for biofuel and high crop demand for animal feed are also expected to drive the market for complex fertilizers over the forecast period of 2021 to 2028. The several coupled with use of complex fertilizers which includes convenience in the field and economic savings is also likely to lift the growth of the complex fertilizers market. Furthermore, the demand for complex fertilizers owing to its high nutritional contents is also expected to act as a major driving factor leading towards the growth of the complex fertilizers market.
However, the high growth of the organic fertilizers industry and depressed commodity prices and low farm incomes are expected to curb the growth of the complex fertilizers market in the above mentioned forecast period, whereas the fluctuations in raw material prices and unfavorable regulatory stance can challenge the growth of the target market.
In addition, the increase in the greenhouse production, inadequate availability of arable land and rise in demand food due to the rapid increase in the population across the world are expected to accelerate various growth opportunities that will enhance the growth of the complex fertilizers market in the forecast period of 2021 to 2028.
This complex fertilizers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the complex fertilizers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Complex Fertilizers Market Scope and Market Size
The complex fertilizers market is segmented on the basis of product type, crop type, form and mode of application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the complex fertilizers market is segmented into incomplete complex fertilizers and complete complex fertilizers. Incomplete complex fertilizers have further been segmented into diammonium phosphate, monoammonium phosphate, mono potassium phosphate, potassium nitrate and others. Others have further been sub-segmented into nitro phosphate and urea phosphate. Complete complex fertilizers have further been segmented into NPK (15-15-15), NPK (12-32-16) and NPK (10-26-26).
- Based on crop type, the complex fertilizers market is segmented into cereals, grains, oilseeds, fruits and vegetables and others. Cereals have further been segmented into corn, wheat, rice and others. Oilseeds have further been segmented into soybean, canola and others. Others have further been segmented into turf and ornamentals, plantation crops, fiber crops, and silage and forage crops.
- On the basis of form, the complex fertilizers market is segmented into solid and liquid.
- The complex fertilizers market is also segmented on the basis of mode of application. The mode of application segment is segmented into foliar and fertigation.
Complex Fertilizers Market Country Level Analysis
The complex fertilizers market is analyses and market size, volume information is provided by country, product type, crop type, form and mode of application as referenced above.
The countries covered in the complex fertilizers market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific leads the complex fertilizers market growth because of the rise in awareness among farmers regarding the benefits of multi-nutrient fertilizer complexes. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increase in awareness about health and wellness, growth of the organic food industry.
The country section of the complex fertilizers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Complex Fertilizers Market Share Analysis
The complex fertilizers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to complex fertilizers market.
The major players covered in the complex fertilizers report are Yara, EuroChem Group, CF Industries Holdings Inc., Nutrien Ltd., PhosAgro Group of Companies, Koch Fertilizer, LLC, Coromandel International Limited, Bunge Limited, Agrium, Inc., AgroCare, Zuari Agro Chemicals LTD., Sinofert Holdings Limited, Mosaic, OCI Nitrogen, Haifa Group, Ekhande Agro Fertilizers Pvt Ltd, ICL Fertilizers, Helena Agri-Enterprises, LLC, Borealis AG and SABIC among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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