Complex fertilizers (compound fertilizers) are made by combining two or more types of macronutrient fertilizers. These fertilizers can be combined with elements that provide plant nutrients, known as trace or secondary nutrients, such as calcium, magnesium, and sulfur. Complex fertilizers can be distributed and packaged in granular or liquid form.
Increasing demand for nutrient-specific fertilizers,
as well as the need for high crop yield for biofuel production, are expected to
drive growth in the complex fertilizers market over the forecast period.
Nutrient-specific
Complex Fertilizers Market Thus, a specific
chemical fertilizer can be chosen to supply a specific nutrient. The complex
fertilizer market is divided into two types: solid fertilizers and liquid
fertilizers.
The data triangulation and market breakdown procedures
were used wherever applicable to complete the overall market engineering
process and arrive at the exact statistics for all segments and subsegments.
The data was triangulated by looking at various factors and trends on both the
demand and supply sides. In addition, the market size was validated using both
the top-down and bottom-up approaches.
The
report includes all possible parameters that affect the Complex Fertilizers Market covered in this
research study, which have been accounted for, examined in great detail,
verified through primary research, and analyzed to produce final quantitative
and qualitative data. The graph below depicts a breakdown of the profiles of
industry experts who took part in the primary discussions.
According
to Forbes, the global population is expected to reach 10 billion in 2050. Complex
Fertilizers Market is a need to ensure that the world's growing population
has access to adequate nutrition. With increased interest in food security and
increased demand for investments to improve food production globally, producers
are looking for short-term and long-term sustainable food-generation methods.
Complex fertilizers in agriculture are expected to increase productivity by
providing sufficient nutrients to plants for growth. These factors are expected
to drive global demand for complex fertilizers.
Key Players
Yara International ASA, Potash Corporation of
Saskatchewan Inc., CF Industries Holdings Inc., The Mosaic Company, Israel
Chemicals Limited, Eurochem Group AG, Haifa Chemicals Ltd., PJSC PhosAgro, and
Adventz Group are among the major players in the global complex fertilizers
market.
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