Complex Fertilizers Market - Size, Share, trends, and Forecast to 2025

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Complex Fertilizers Market - Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2018-2025

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REPORT DESCRIPTION
Complex Fertilizers Market Overview
Complex fertilizers (compound fertilizers) are
prepared by mixing two or more type of
macro-nutrient fertilizers. These fertilizers can
be further blended with elements that provide
plant nutrients, which are 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 along with requirement of high crop
yield for biofuel production is expected to drive
growth of the complex fertilizers market over the
forecast period. For instance, in 2017, the
Indian biofuels industry invested US 2.25
billion in the upcoming projects over the next
years to increase the industrys value to US 7.5
billion by 2022. However, increasing inclination
toward adoption of organic fertilizer is one of
the major restraining factor for growth of the
global complex fertilizers market. According to
Research Institute of Organic Agriculture (FiBL)
report, in 2015, over 50.9 million hectares of
land was occupied by organic agricultural
activities. The regions with the largest areas of
organic agricultural land are Oceania (22.8
million hectares, which is almost 45 percent of
the worlds organic agricultural land) and Europe
(12.7 million hectares, 25 percent).
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REPORT DESCRIPTION
Incomplete complex fertilizers acquired the
largest market share of 72.38 in 2017, and is
expected to lead the market throughout the
forecast period. Incomplete complex fertilizers
include only one or two of the three primary
nutrients (nitrogen, potassium or phosphorous).
These fertilizers are suitable for application in
cereals, crops and vegetables, and for greenhouse
applications. Incomplete complex fertilizers such
as diammonium phosphate, improves plant
resistance to stress conditions such as diseases
and drought. Also, monoammonium phosphate is an
ideal source of phosphorous and nitrogen, which
can be used as foliar spray on crops during plant
growth. Cereals grains crop type dominated the
complex fertilizers market in 2017, and is
expected to retain market dominance throughout
the forecast period. Increasing demand for
cereals and grains with improved yields and
sustainability are the major factors driving
growth of the complex fertilizers market, thus
aiding to curb the problem of food shortage in
emerging economies. According to the Food and
Agriculture Association of United Nations, 2013,
cereals occupy more than half of the world's
harvested area, where 2.3 billion tons of cereals
are produced annually nearly contributing to 1
billion tons for human consumption, 750 million
tons as animal feed, and 500 million tons for
industry processing. Request sample Copy of this
Reporthttps//www.coherentmarketinsights.com/insi
ght/request-sample/1995

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REPORT DESCRIPTION
Asia Pacific was the leading region in the global
complex fertilizers market in 2017, with a
revenue of US 15,769 million and it expected to
retain its dominance throughout the forecast
period. Increasing demand for food from the
countries in this region backed by rising
population is one of the major driving factors
for growth of the complex fertilizers market in
Asia Pacific. For instance, according to the
study conducted by Asia Development Bank, 2013,
Asia Pacific is expected to account for one-third
of the projected 2.6 billion increase in global
population between 2010 and 2050, thus requiring
additional measures to increase the productivity
to serve increasing population. Europe expected
to witness significant growth in the global
complex fertilizers market in 2017, with a market
share of 21.18 in the same year. In 2012, the
European Innovation Partnership for Agricultural
Productivity and Sustainability (EIP-AGRI) was
launched to contribute to the European Union's
strategy Europe 2020 for smart and sustainable
growth. The strategy aims to ensure a steady
supply of food, feed, and biomaterials, with the
essential natural resources on which the farming
depends. Major players operating in the global
complex fertilizers market include 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. To Get Discount on
this Report https//www.coherentmarketinsights.co
m/insight/request-discount/1995
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