Complex Fertilizers Market by Product Type (Incomplete Complex Fertilizers, Complete Complex Fertilizers), Product Form (Liquid, Solid), Crop Type (Cereals and Grains, Fruits and Vegetables, Oil Seeds, Others), Global Industry Insights, Trends and Forecast, 2017-2025

Created On: Aug-2018
Report ID: IR178
Format: PDF

A complex fertilizer comprises unbalanced ratios of two or more macronutrients that are necessity for the plants. Their purpose is to simplify and balance the soil nutrition and productivity of the farm. Complex fertilizers deliver essential nutrients that are required by the crops in order to grow efficiently without getting effected in different climatic conditions. They offer a broader range of preferences and can be personalized to satisfy demand and according to the specific soil compositions. Most important complex fertilizers are polyphosphate and nitro phosphates based fertilizers. Complex fertilizers offer various advantages such as convenience in the field, economic savings, and ease in meeting crop nutritional levels.

Market Dynamics

The key factors driving the complex fertilizers market are, the rising demand for increasing crop productivity and level of yield, and growing in awareness about nutritional balance and soil profile, and fertilizer intensity difference across the regions. The major factors restraining the growth of complex fertilizers market are the growing trends toward organic non-food and food consumption, which in other way, is driving the demand for bio fertilizers. For instance, as per the study conducted by Insights and Reports, organic food market has experienced about 30% - 35% growth in the recent years and is expected to grow at a higher pace over the forecast period. Additionally high fertilizers prices is another major factor that is restraining the market growth.

Segment Analysis

The complex fertilizers market has been categorized into product type, product form, and crop type. On the basis of product type the complex fertilizers market has be bifurcated into complete complex fertilizers and incomplete complex fertilizers. Product form segment is divided into liquid form and solid form. Based on crop type the complex fertilizers market is branched into cereals & grains, fruits & vegetables and oil seeds among others. According to Insights and Reports analysts incomplete complex fertilizers recorded the largest market share in 2017, and are expected to hold the major chunk of the market over the forecast period. Incomplete complex fertilizers consists of only one or two of the primary nutrients (potassium, nitrogen, or phosphorous). These fertilizers are perfectly suitable for crops such as in cereals, vegetables, and for greenhouse applications.

Regional Analysis

Asia-Pacific region recorded for the highest market share in 2017 with countries such as China and India being the key markets in the region. Growing demand for food crops in these countries owing to high population is one of the key driving factor for this market. According to the report published by FAO (Food and Agricultural Organization) in 2018, the food consumption over the last 5 years has increased by approximately 20 million tons.  

Key Developments: Mergers and Acquisitions

In 2018, January, The Mosaic Company acquired Vale Fertilizantes, this acquisition aided the Mosaic by strengthening their presence in Brazil. This acquisition has also strengthened their fertilizers product portfolio as they have integrated 5 phosphate, 1 potash mine, additionally 4 chemical and fertilizer production facilities.

Key Market Players

The key players in complex fertilizers market are Potash Corporation of Saskatchewan Inc., The Mosaic Company, Eurochem Group AG, PJSC PhosAgro, Yara International ASA, CF Industries Holdings, Israel Chemicals Limited, Haifa Chemicals Ltd. and Adventz Group among other key players.

 

Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
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