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Report overview
The global Complex Fertilizers market was valued at US$ 44920 million in 2022 and is projected to reach US$ 57250 million by 2029, at a CAGR of 3.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 select a specific chemical fertilizer. On the basis of form, the complex fertilizers market is segmented into solid and liquid fertilizers. The solid segment accounted for more than half of the total form market in 2016. Since it is a low-cost technique compared to the Others techniques (such as fertigation), it is economical to use it on low-cost cereals such as wheat and corn, which are the major crop types dominating the complex fertilizers market.
This report aims to provide a comprehensive presentation of the global market for Complex Fertilizers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Complex Fertilizers. This report contains market size and forecasts of Complex Fertilizers in global, including the following market information:
It is estimated that in the next 20 years, the global demand for food and energy will increase by more than 50%; this rise in food demand calls for the use of fertilizers to help enhance agricultural productivity and increase yield, thus driving the market of complex fertilizers. The usage of complex fertilizers in horticulture crops is gradually increasing, as these crops have high demand across the world. Increase in environmental degradation and population is reducing the area of productive land under cultivation, giving rise to the development of fertilizer solutions to sustain this increasing demand for horticultural crops.
We surveyed the Complex Fertilizers manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Complex Fertilizers Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Complex Fertilizers Market Segment Percentages, by Type, 2022 (%)
Global Complex Fertilizers Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Complex Fertilizers Market Segment Percentages, by Application, 2022 (%)
Global Complex Fertilizers Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Complex Fertilizers Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Complex Fertilizers revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Complex Fertilizers revenues share in global market, 2022 (%)
Key companies Complex Fertilizers sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Complex Fertilizers sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: