Complex Fertilizers Market Size Worth USD 67.07 Billion by 2034 | CAGR: 5.7%

The global complex fertilizers market size is expected to reach USD 67.07 billion by 2034, according to a new study by Polaris Market Research. The report “Complex Fertilizers Market Size, Share, Trends, Industry Analysis Report: By Product Type (Complete and Incomplete), Form, Crop Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Complex fertilizers are a combination of two or three primary nutrients, including nitrogen, phosphorous, and potassium, essential for plant growth. These fertilizers are made by combining chemical salts that provide the primary nutrients. The use of complex fertilizers helps improve soil quality and crop yield. Diammonium phosphate, nitrophosphates, and NPK are a few common examples of complex fertilizers.

The high efficiency of complex fertilizers as compared to traditional fertilizers and the presence of various government incentives and subsidies to promote the use of complex fertilizers are among the primary factors driving the complex fertilizers market growth. The increased emphasis on the development of fertilizers tailored to specific crops further supports the market expansion.

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The growing demand for biofuel, which necessitates higher crop yields, is a major market trend anticipated to boost the adoption of complex fertilizers. The increased need for food production globally is projected to provide several complex fertilizers market opportunities in the coming years.

Key Highlights of Complex Fertilizers Market Report

• Based on product type, the incomplete segment accounted for a larger share of the global complex fertilizers market revenue in 2024. Incomplete fertilizers help plants resist drought and disease. They are also used in greenhouse applications.
• Based on crop type, the cereals and grains segment is anticipated to witness the highest CAGR from 2025 to 2034, as cereals and grains play a vital role in addressing the issue of food scarcity in developing nations globally.
• North America led the complex fertilizers market share in 2024, driven by increased demand for advanced farming techniques and complex fertilizers and rising emphasis on the use of sustainable agricultural products.
• The Asia Pacific complex fertilizers market is anticipated to witness the fastest growth during the forecast period. The various benefits offered by complex fertilizers in terms of field convenience and economic savings and the rising adoption of new farming techniques are driving the complex fertilizers market demand in the region.
• Israel Chemicals Limited, CF Industries Holdings Inc., The Mosaic Company, Haifa Chemicals Ltd., Yara International ASA, Eurochem Group AG, Agrium Inc., PhosAgro, and Helena Chemical Company are a few of the key players in the market.

Polaris Market Research has segmented the complex fertilizers market research report on the basis of product type, form, crop type, and region:

By Product Type Outlook (Revenue – USD Billion, 2020–2034)

• Complete
• Incomplete

By Form Outlook (Revenue – USD Billion, 2020–2034)

• Solid
• Liquid

By Crop Type Outlook (Revenue – USD Billion, 2020–2034)

• Cereals and Grains
• Fruits and Vegetables
• Oilseeds

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Complex Fertilizers Market Report Scope