Complex Fertilizers Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Complex fertilizers market is anticipated to grow at a significant CAGR during the forecast period. The major factors that are expected to boost the market during the forecast period include the rapid growth in greenhouse production and the increasing crop demand for biofuel production. The growth of the global complex fertilizer market is being driven by its high nutritional content. The complex fertilizers provide various benefits associated with convenience in the field and economic saving. The limited availability of farmable land along with increasing demand for food due to the rise in population is expected to trigger the growth of the global complex fertilizer market during the forecast period.

Factors such as the rise in awareness about health and wellness, growth of the organic food industry, and the significant increase in the price of chemicals are expected to play a huge role in providing the necessary boost to the global biofertilizers industry, which acts as a restraint for the global complex fertilizers market. The complex fertilizers mainly contain ratios of two or three macronutrients. These macronutrients include nitrogen, potassium, and phosphorous which are required by plants. The complex fertilizers are found in liquid and granular form. Complex fertilizers are also called compound fertilizers. The complex fertilizers support in supplying crops with essential nutrients. These essential nutrients are supplied in a form that is favorable for plant nutrition. Nitro phosphates and polyphosphate are instances of complex fertilizers. Complex fertilizers have better physical, chemical, and mechanical properties compared to regular fertilizers. They offer a wider variety of options and can be customized to satisfy demand in accordance with specific soil compositions. Complex fertilizers are nutrient specific. Thus, for supplying a particular nutrient, one can opt for a specific chemical fertilizer, which in turn is expected to accelerate the growth of the global complex fertilizers market during the forecast period.

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Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029
Segment Covered-

By Type
By Crop Type
Regions covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape: Yara International ASA, EuroChem Group, and Nutrien Ltd., among others.

Complex Fertilizers Market Report by Segment

By Type

Complete Complex Fertilizers
Incomplete Complex Fertilizers
By Crop Type

Cereals
Oilseeds and Pulses
Fruits and Vegetables
Others
A full Report of Complex Fertilizers Market is Available @ https://www.omrglobal.com/industry-reports/complex-fertilizers-market

Complex Fertilizers Market Report by Region

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of the World

Latin America
Middle East and Africa
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