The global Complex Fertilizers Market is projected to reach USD 54.40 Billion by 2023 at a CAGR of over 6% owing to the improved physical and chemical properties of complex fertilizers as compared to traditional fertilizers. Moreover, the rising need for nutrient-specific fertilizers coupled with the increasing demand for crops for biofuel production will drive the market during the forecast period. Based on the type, the incomplete complex fertilizer segment is expected to lead the market in the next five years, due to its easy application, cost-effectiveness, and time efficiency. Based on the form, the solid segment is expected to lead the market for the next five years, due to as it is a cost-effective technique and can be conveniently used on low-cost cereals like wheat and corn. Asia-Pacific leads the Complex Fertilizers market, due to the very large agricultural market. The region is the largest consumer of the complex fertilizer market due to the presence of countries like India which are entirely dependent on agriculture.
Years considered for this report for Global Complex Fertilizers Market
- Historical Years: 2013-2016
- Base Year: 2017
- Estimated Year: 2018
- Forecast Period: 2018–2023
The objective of the Study is Global Complex Fertilizer Market
- To analyze and forecast the market size of the Global Complex Fertilizers Market, in terms of value and volume.
- To classify and forecast Global Complex Fertilizers based on type, crop type, form, and regional distribution.
- To identify drivers and challenges for Global Complex Fertilizer Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Complex Fertilizers Market.
- To conduct the pricing analysis for Global Complex Fertilizers Market.
- To identify and analyze the profile of leading manufacturers involved in the Global Complex Fertilizers Market.
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Some of the leading players in the Global Complex Fertilizers Market
- Agrium Inc.
- CF Industries Holdings Inc
- Coromandel International Ltd
- Eurochem Group AG
- Haifa Chemicals Ltd.
- Helena Chemical Company
- Israel Chemicals Limited
- Potash Corporation of Saskatchewan Inc
- Yara International ASA etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the distribution channels and presence of all major manufacturers across the globe.
TechSci Research calculated the market size of the Global Complex Fertilizer Market using a bottom-up approach, where value data for power lines were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as the company website, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.
Key Target Audience of Global Complex Fertilizers Market
- Complex Fertilizers Manufacturers.
- Dealers and Suppliers
- Traders and Distributors
- Industrial associations
- Research organizations and consulting companies.
- Government Institutions.
- Market research and consulting firms.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, vendors, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope for Global Complex Fertilizers Market
In this report, Global Complex Fertilizers Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Market, By Type:
- Incomplete Complex Fertilizers
- Diammonium Phosphate
- Monoammonium Phosphate
- Monopotassium Phosphate
- Potassium Nitrate
- Complete Complex Fertilizers
- N.P.K (10-26-26)
- N.P.K. (12-32-16)
- N.P.K. (15-15-15)
- Incomplete Complex Fertilizers
- Market, By Crop Type:
- Fruits & Vegetables
- Other Crop Types
- Market, By Form:
- Market, by Region:
- Asia Pacific
- South Korea
- Europe & CIS
- United Kingdom
- North America
- United States
- South America
- Middle East and Africa
- South Africa
- Saudi Arabia