Market Insight
Fertilizers with multiple nutrients are desired combination is called complex fertilizer. To be specific, those with nutrients like nitrogen, phosphorous, and potassium are called complex fertilizers. International complex fertilizer market is estimated to witness a significant rate during the forecast period. It’s the native characteristics of these fertilizers that facilitate growth. This is the reason behind noteworthy production. Extensive demand for biofuels is the reason behind the significant demand for fertilizers. At the same time, the boost in demand for an agricultural commodity is also one reason.
Level of greenhouse production has increased at a significant rate contributing towards growth of global complex fertilizers. Similar is the case about polyhouses as well. In concurrence, the price related aspects are also contributing greatly towards the market. With greater demand for agricultural commodities, the demand for fertilizers has also increased. To be specific, the developing nations where rural population is still significant to contribute significantly towards the growth of the complex fertilizer market. Improving farm yield can be touted as one of the reasons behind this growth.
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There is a significant demand for organic fertilizers, even in modern times. At the same time, the complex fertilizer still holds its status quite well. With growing importance towards agriculture in contemporary economy, the market scenario is expected to remain steady during the review year. Simultaneously, the demand for higher production of agricultural products is also one of the reasons behind the growing demand for complex fertilizers. All these aspects contribute towards the growth of global complex fertilizer market.
Leading Competitors
EUROCHEM Group AG (Switzerland), Sociedad QUÍMICA y Minera de Chile (Chile), Potash Corporation of Saskatchewan (Canada), CF Industries Holdings Inc. (US), ZUARI AGRO Chemicals Ltd (India), PHOSAGRO (Russia), Agrium Inc. (Canada), Israel Chemicals Limited (Israel), Yara International ASA (Norway), The Mosaic Company (US), Haifa Chemicals Ltd. (Israel), and Helena Chemical Company (US) are some of the key players in theGlobal Complex Fertilizers Market.
Industry News
According to latest reports, the Global Complex Fertilizer Industry is expected to remain constant worldwide. Reports suggest that the market can remain most significant in Asia Pacific market. North American market reportedly looks equally promising as well in the scenario of a growing market perspective.
Industry Segment
Worldwide Complex Fertilizer Market can be segmented on product type, crop type, form, mode of application, and region.
Based on product type, the international complex fertilizers Industry can be segmented into complete complex fertilizers and incomplete complex fertilizers.
Based on crop type, the international complex fertilizer market can be segmented into cereals, oilseeds and pulses, fruits and vegetables, and others.
In terms of form, the global complex fertilizer market can be segmented into granular and liquid.
In terms of mode of application, the international complex fertilizer market can be segmented into foliar and fertigation.
Regional Analysis
From a regional perspective, International Complex Fertilizer Market can be divided into four key regions, North America, Europe, Asia-Pacific, and the rest of the world.
The North American Complex Fertilizer Industry can be segmented further into the US, Canada, and Mexico. The European market can be segmented into the UK, Germany, France, Italy, Spain, and Europe. As far as Asia-Pacific domain is concerned, it can be divided into China, India, Japan, Australia and New Zealand, and Asia-Pacific. Talking about the rest of the world, global complex fertilizer market can be segmented into South America, the Middle East, and Africa.
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