Complex Fertilizers Market Share, Size, Trends & Industry Analysis Report, By Product (Complete, Incomplete); By Form (Solid, Liquid); By Crop (Cereals and Grains, Fruits and Vegetables, Oilseeds); By Regions Segment Forecast, 2019 – 2026

The global complex fertilizers market size was valued at USD 33.6 billion in 2018 and is anticipated to grow at a CAGR of 6.2% during the forecast period. According to Research Institute of Organic Agriculture in 2017, more than 61 million hectares was occupied by the organic agricultural cultivation. Regions having the largest organic land area in the world include Oceania having 22.8 million hectares. This works out to approximately 45% of overall organic agricultural land globally.

Complex fertilizers are merging of various fertilizers. These complex or compound fertilizers are prepared by uniting two or more variants of macronutrient fertilizers. They essentially consist of two or three micronutrients in varying ratios which include nitrogen, potassium and phosphorous that is required by plants. These complex fertilizers can also get mixed with different elements that provide nutrients to plants and are alternatively known as trace or secondary nutrients. These nutrients comprise calcium, magnesium and sulphur. An application of complex fertilizers has numerous benefits including economic saving, convenience in the field along with ease in engaging with crop nutrition levels.

The complex fertilizers market report is a comprehensive assessment of all the opportunities and challenges in the industry. It covers all the recent innovations and major events in the industry while shedding lights on the key market features such as CAGR, supply/demand, cost, production rate and consumption. Along with that, the study offers a thorough analysis of the key market dynamics and latest trends to help businesses develop strategies that will drive complex fertilizers market growth.

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The significant benefits accrued by using these fertilizers as compared to other fertilizers have primarily driven market growth. The growth in complex fertilizers market is driven by sophisticated farming technologies that assure you of safe and reliable operation of complex fertilizers. This gives many manufacturers with keen insight a valuable business opening not to be missed upon. Thus, many business players have doubled production capacities and increase production of complex fertilizers to target specific crops.

Furthermore, rising nutrient specific fertilizers demand coupled with a rising bio-fuel requirement that would need an enhanced yield of crops aspects growth over the current forecast period. Apart from these growth factors, there are some restraints that include an inclination towards adoption of organic fertilizers that acts as major restraint for growth. The complex fertilizers when used with crops provide high nutrition content and for making biofuels which will swing the market in favor of it.

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Complex Fertilizers Market Scope

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Product Type Analysis

The global complex fertilizers market has been segmented on the basis of product form, product type, crop type and region. Based on product form, the market is classified into solid and liquid. The market for product type includes complete complex fertilizers and incomplete complex fertilizers. The incomplete complex fertilizers held largest market share of more than a half globally. Incomplete fertilizers are more suitable for its use in crops, vegetables and cereals. They are used in greenhouse applications that make it the most coveted fertilizers globally. Incomplete ones like diammonium phosphate helps plants ward off droughts and diseases.

Product Form Analysis

The complex fertilizers can be distributed as well as packaged in either granular or liquid form. Hence, complex fertilizers due to their nutritional content are expected to have a good run in the market over the forecast period. Complex fertilizers supply essential nutrients to plants in a form that is favorable for plant nutrition taking no chances with various climatic conditions. The crop type segment of complex fertilizers is classified into cereals and grains, fruits and vegetables and oilseeds among others. The cereal and grain crop type dominated market and held on to the largest market share owing to its improved yields and overcoming the food shortage problem in emerging economies.

Crop Type Analysis

Oilseeds segment will overtake every other segment in complex fertilizers with the highest CAGR. There has been a huge demand for oilseeds due to use of vegetable oil for biodiesel and human consumption. Oilseeds are being consumed robustly in developing countries and are gaining significant traction as cash crops.

 Asia Pacific was tagged the leading region in the market in 2017 and will remain on course throughout the forecast period. A drive to cultivate more food grains as desired from the regional agriculture industry to cater to the increasing population of Asia Pacific will drive the market. North America accounts for second highest revenue market share contribution to global complex fertilizer market.

Regional Analysis

An increase in export of agricultural produce and subtle changes in farming practices are key to faster growth in South American region. New techniques are being ushered in to bring arid lands back into productivity. Brazil and Argentina turned out to be privileged markets in the region.

It has been observed that there is going to be a population explosion of sorts in Asia Pacific and additional measures have been taken to feed the increasing population of the region. The European innovation partnership was launched in 2013 for agricultural productivity and sustainability to put into effect the European Union strategy of Europe for smart and sustainable growth.

Competitive Analysis

The key industrial players in the complex fertilizers industry concentrate its core activities in innovation and makes hefty investments in R&D and new product launches.  The key players in complex fertilizers market include Potash Corporation of Saskachewan, Inc., Israel Chemicals Limited, CF Industries Holdings Inc., The Mosaic Company, Haifa Chemicals Ltd., Yara International ASA and Eurochem Group AG among others.

Navigate through the intricacies of the 2029 Complex Fertilizers market with precision, thanks to the comprehensive statistics on market share, size, and revenue growth rate assembled by Polaris Market Research Industry Reports. This thorough analysis not only provides a glimpse into the historical context but also extends its reach with a market forecast outlook until 2026. Immerse yourself in the richness of this industry analysis by securing a complimentary PDF download of the sample report.