Complex Fertilizers Market
Complex fertilizers are combination of several fertilizers. These combination (complex or compound) fertilizers offer numerous advantages such as economic savings, convenience in the field, and ease in meeting crop nutritional levels. The advantages offered by these fertilizers as compared to others have driven growth of the global complex fertilizers market.
Market Dynamics
Complex fertilizers market is driven by increasing demand for complex fertilizers due to their high nutritional contents and increasing crop demand for biofuel. Complex fertilizers are enriched in essential soil macro-nutrients such as Nitrogen (N), Potassium (K) and Phosphorous (P). Furthermore, macro-nutrients and micro-nutrients such as Sulphur (S), Calcium (Ca) and Magnesium (Mg) are blended into complex fertilizers to improve its quality. Moreover, better chemical and physical properties and rapid growth in greenhouse production has further augmented the overall growth of complex fertilizers, globally. These complex fertilizers can also get mixed with different elements that provide nutrients to plants and are alternatively known as trace or secondary nutrients. These nutrients comprise calcium, magnesium and sulphur. An application of complex fertilizers has numerous benefits including economic saving, convenience in the field along with ease in engaging with crop nutrition levels.
The significant benefits accrued by using these fertilizers as compared to other fertilizers have primarily driven market growth. The growth in complex fertilizers market is driven by sophisticated farming technologies that assure you of safe and reliable operation of complex fertilizers. This gives many manufacturers with keen insight a valuable business opening not to be missed upon. Thus, many business players have doubled production capacities and increase production of complex fertilizers to target specific crops.
Furthermore, rising nutrient specific fertilizers demand coupled with a rising bio-fuel requirement that would need an enhanced yield of crops aspects growth over the current forecast period. Apart from these growth factors, there are some restraints that include an inclination towards adoption of organic fertilizers that acts as major restraint for growth.
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“*” marked represents similar segmentation in other categories in the respective section.
Detailed Segmentation:
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