Global Complex Fertilizers market was valued at US$ 48,455.1 million in 2017, according to Global Complex Fertilizers Market Report by Product Type (Complete Complex Fertilizers and Incomplete Complex Fertilizers), by Product Form (Solid and Liquid), and by Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds, and Fruits & Vegetables) published by Coherent Market Insights. The complex fertilizers market is expected to exhibit a CAGR of 5.73% over the forecast period (2017 – 2025) to reach US$ 75,698.5 million by 2025.
Major factors propelling growth of the global complex fertilizers market include favorable growth of good agricultural practices and technological advancement in the manufacturing and use of complex fertilizers. According to Food and Agriculture Organization (FAO) forecast, the projected increase in the world crop production from 1999 to 2030 is 55%. Emerging economies such as South East Asia, Sub-Saharan Africa, and various other economies are projected to contribute 72% of total world crop production by 2030.
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