Complex fertilizers market is anticipated to grow at a significant CAGR during the forecast period. The major factors that are expected to boost the market during the forecast period include the rapid growth in greenhouse production and the increasing crop demand for biofuel production. The growth of the global complex fertilizer market is being driven by its high nutritional content. The complex fertilizers provide various benefits associated with convenience in the field and economic saving. The limited availability of farmable land along with increasing demand for food due to the rise in population is expected to trigger the growth of the global complex fertilizer market during the forecast period.
Factors such as the rise in awareness about health and wellness, growth of the organic food industry, and the significant increase in the price of chemicals are expected to play a huge role in providing the necessary boost to the global biofertilizers industry, which acts as a restraint for the global complex fertilizers market. The complex fertilizers mainly contain ratios of two or three macronutrients. These macronutrients include nitrogen, potassium, and phosphorous which are required by plants. The complex fertilizers are found in liquid and granular form. Complex fertilizers are also called compound fertilizers. The complex fertilizers support in supplying crops with essential nutrients. These essential nutrients are supplied in a form that is favourable for plant nutrition. Nitro phosphates and polyphosphate are instances of complex fertilizers. Complex fertilizers have better physical, chemical, and mechanical properties compared to regular fertilizers. They offer a wider variety of options and can be customized to satisfy demand in accordance with specific soil compositions. Complex fertilizers are nutrient specific. Thus, for supplying a particular nutrient, one can opt for a specific chemical fertilizer, which in turn is expected to accelerate the growth of the global complex fertilizers market during the forecast period.
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Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
Segment Covered-
· By Type
· By Crop Type
Regions covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
Competitive Landscape: Yara International ASA, EuroChem Group, and Nutrien Ltd., among others.
Complex Fertilizers Market Report by Segment
By Type
• Complete Complex Fertilizers
• Incomplete Complex Fertilizers
By Crop Type
• Cereals
• Oilseeds and Pulses
• Fruits and Vegetables
• Others
A full Report of Complex Fertilizers Market is Available @ https://www.omrglobal.com/industry-reports/complex-fertilizers-market
Complex Fertilizers Market Report by Region
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
• Latin America
• Middle East and Africa
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