Complex Fertilizers Market to expand at a compound annual growth rate of 3.90%, Industry Trends, size, share, Business insights

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.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-complex-fertilizers-market

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.

Market Key Players Analysis:

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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