The complex fertilizers market is estimated to be valued at USD 41.16 Bn in 2025 and is expected to reach USD 61.94 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6% from 2025 to 2032.
To learn more about this report, Download Free Sample
Complex fertilizers are gaining more popularity than simple fertilizers due to the rising need for balanced nutrition. The blends of macro and micro nutrients in a single unit help plants access all required nutrients at once simultaneously. Complex fertilizers market is expected to grow positively over the forecast period. The glznasnxv can be attributed to the shifting preference of farmers towards complex fertilizers to maximize yield. As environmental norms are getting stricter, the demand for eco-friendly fertilizers like complex fertilizers is increasing. Development of organic fertilizers suitable for crops like fruits and vegetables will further support the market expansion during the projected timeline.
|
Current Events |
Description and its impact |
|
Technological and Sustainability Innovations |
|
|
Corporate Capacity and Product Development |
|
Uncover macros and micros vetted on 75+ parameters: Get instant access to report
Between October 2023 and September 2024 (TTM), India received 195 shipments of complex fertilizers, sourced from 58 international exporters and distributed among 27 domestic buyers. This reflects a sharp 248% increase compared to the previous twelve-month period. Notably, in September 2024 alone, India recorded 33 shipments, representing a 371% year-on-year surge from September 2023 and maintaining the same volume as August 2024.
In terms of form, the solid segment is expected to contribute 74.1% share of the market in 2025, owing to its convenience and longer shelf life compared to the liquid form. Solid complex fertilizers are much easier for farmers to transport and apply to their fields as they do not leak or spill like liquids. Their solid physical state also means they can be safely stored for longer periods without any loss of nutrients. This facilitates bulk purchases and centralized distribution by fertilizer companies. The granular or powdered form of solid complex fertilizers also allows for precise application with common machinery like seed drills. Their homogeneous composition further ensures an even release of nutrients when dissolved in soil.
In terms of crop type, the cereals and grains segment is expected to contribute 30.3% share of the market in 2025, due to the large cultivable areas dedicated to these crops globally. Cereals like wheat, rice, corn, etc., form the staple diet of many populations and thus have consistently high production volumes. They also have stringent nutrient requirements to achieve high yields per acre. Complex fertilizers tailored for cereals perfectly meet their demands for major, secondary, and micronutrients through a balanced NPK formulation. The versatile use of cereal crops as food, feed, and raw materials in many industries also drives continuous investment in agricultural research and technology surrounding their cultivation.
For example, Acron Group has introduced new NPK complex fertilizers specifically designed for cereal crops cultivated in Africa. These new formulations—such as 23-10-5+S+Mg+Zn and 22-20+S+Ca+Zn—are tailored to meet the nutritional needs of various cereals, including maize, wheat, and others.
In terms of product type, the complete complex fertilizers segment is expected to contribute 89.2% share of the market in 2025, owing to their holistic nutrient composition. As the name suggests, they contain primary, secondary, and micronutrients in proportions optimized for balanced plant nutrition. This negates the need for separate application of individual fertilizers and eliminates nutrient deficiencies. Their multifunctional formulation simplifies fertilizer management for farmers. Complete complex fertilizers also improve soil health and sustainability through balanced mineralization of organic matter.
To learn more about this report, Download Free Sample
North America has been dominating the global complex fertilizers market owing to several factors. The region is expected to account for 37.8% of the market share in 2025. The region has a well-established agricultural industry, which significantly contributes to the regional GDP. Farmers in the U.S. and Canada are progressive and readily adopt new fertilizer products and technologies to boost productivity. This has ensured a sizable demand for complex or blended fertilizers over the years. The presence of leading international players has further aided market growth. Major fertilizer manufacturers have their headquarters and manufacturing facilities based in the U.S. and Canada to cater to the regional demand as well as exports. Strong distribution networks of these players across countries ensure the widespread availability of a variety of complex fertilizers.
The complex fertilizers market in the U.S is driven by various factors such as large-scale commercial farming, technical advancements in agricultural practices, and subsidies provided by the government. For instance, in June 2023, KT-Kinetics Technology, a subsidiary of Milan-based MAIRE S.p.A., was awarded the early engineering work phase for a green fertilizer complex. This is further propelling the complex fertilizers market in the United States.
On the other hand, the Asia Pacific region has emerged as the fastest-growing market for complex fertilizers globally. Countries like India and China account for a major chunk of the regional market. Both nations have vast expanses of arable land and a growing population, which is constantly increasing the demand for food grains.
India is the largest market for complex fertilizers in the Asia Pacific region. The ever-increasing population and the need for food grains are the primary drivers in the market. However, continuous agriculture and limited cultivable land have depleted soil nutrients over time. This has enhanced the uptake of nutrient-rich complex fertilizers to restore soil health and maximize crop yields. For instance, in March 2025, the Union Cabinet of India approved the new Brownfield Ammonia-Urea Complex at the Bramhaputra Valley Fertilizer Corporation (BVFCL) plant located at Namrup in Assam. Such initiatives are escalating the complex fertilizers market demand in India.
The Chinese complex fertilizers market is the second-largest market. Supportive government policies promoting sustainable agriculture through fertilizer subsidies have further supported the market growth. Additionally, an increasing number of regional manufacturers are entering the industry, aided by abundant raw material availability and lower production costs. For instance, China Green Agriculture, Inc., a company that primarily manufactures and distributes humic acid-based compound fertilizers, along with other types of fertilizers and agricultural products through its fully owned subsidiaries in China, announced the launch of two new fertilizer products.
To learn more about this report, Download Free Sample
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2024 | Market Size in 2025: | USD 41.16 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: | 6% | 2032 Value Projection: | USD 61.94 Bn |
| Geographies covered: |
|
||
| Segments covered: |
|
||
| Companies covered: |
Yara International ASA, Potash Corporation of Saskatchewan Inc., CF Industries Holdings Inc., The Mosaic Company, Israel Chemicals Limited, Eurochem Group AG, Haifa Chemicals Ltd., PJSC PhosAgro, Adventz Group, Sociedad Química y Minera de, Zuari Agro Chemicals Ltd, PhosAgro, Agrium Inc., Israel Chemicals Limited, Helena Chemical Company C, Hambal Fertilisers, Rashtriya Chemicals & Fertilizers, and Madras Fertilizers Ltd |
||
| Growth Drivers: |
|
||
| Restraints & Challenges: |
|
||
Uncover macros and micros vetted on 75+ parameters: Get instant access to report
The growing global population has put immense pressure on the agricultural sector to increase food production manifold. With arable land being limited due to increasing urbanization, the focus has shifted to boosting crop yields from the existing cultivated areas. Complex fertilizers play a vital role in this regard as they deliver the balanced nutrition required by crops to boost yields. Containing two or three essential nutrients needed by plants, such as nitrogen, phosphorus, and potassium, complex fertilizers ensure comprehensive nourishment. This helps in optimizing photosynthesis, strengthening plant structure, and improving resistance to diseases and environmental stresses. As a result, crop yields witnessed significant enhancement when complex fertilizers are applied as compared to single-nutrient fertilizers. According to data by the Downtoearth organization, food demand is projected to increase by over 50% by 2050, and boosting yields through customized fertilizer solutions has become imperative. This growing need for high crop productivity is a major driver propelling the complex fertilizers market demand across key farming regions globally.
Intensive farming over the decades has drained out essential nutrients from the soils. Monocropping and exhaustive use of fertilizers in isolation have disrupted the natural balance of nutrients in farmlands. This has led to severe depletion of micro and macro nutrients needed by plants. As a result, the inherent fertility and productivity potential of soils have declined considerably. To sustain crop yields and meet the nutritional demands of cultivated crops, replenishing depleted soil nutrients is crucial. Compared to single-nutrient fertilizers, complex fertilizers harmoniously restore multiple nutrients in one application. This holistic nourishment helps in conditioning the soil, enhancing its natural fertility over the long run. They also facilitate better nutrient assimilation by crops. Awareness regarding deteriorating soil health and the need for balanced nutrient management is rising among farmers. This has accelerated the usage of complex fertilizers for restoring depleted soils and arresting future yield decline risks. The urgent need to revive the nutrient status of over-exploited farmlands worldwide is propelling the complex fertilizers market growth.
The emergence of precision farming practices has opened up great opportunities for the complex fertilizers market. Precision farming utilizes advanced technologies like sensors, GPS, drones, etc., to precisely analyze soil conditions, moisture levels, and apply exactly the right type and amount of nutrients only where required by the crops. This targeted, site-specific approach ensures optimal usage of fertilizers with no over- or underapplication. It eliminates wastage and minimizes environmental impact from excess run-off or leaching. Precision farming promotes the use of customized, complex fertilizer blends that are tailored for the specific nutrient needs of different crops or even within single fields, considering spatial variability in soil health.
*Definition: The complex fertilizers market consists of fertilizer products that contain two or more essential plant nutrients needed for optimum crop growth and production. These complex fertilizers blend the primary nutrients nitrogen, phosphorus, and potassium, along with secondary nutrients like calcium, magnesium, and sulfur. They are formulated to provide balanced nutrition to plants throughout the growth cycle. Complex fertilizers aim to simplify fertilization for farmers while promoting healthier and higher-yielding crops.
Share
Share
About Author
Vidyesh Swar is a seasoned Consultant with a diverse background in market research and business consulting. With over 6 years of experience, Vidyesh has established a strong reputation for his proficiency in market estimations, supplier landscape analysis, and market share assessments for tailored research solution. Using his deep industry knowledge and analytical skills, he provides valuable insights and strategic recommendations, enabling clients to make informed decisions and navigate complex business landscapes.
Missing comfort of reading report in your local language? Find your preferred language :
Transform your Strategy with Exclusive Trending Reports :
Frequently Asked Questions
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients
Schedule a meeting with report Author
