PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1489350
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1489350
Complex Fertilizers Market Forecasts to 2030 - Global Analysis By Crop Type (Fruits & Vegetables, Oilseeds & Pulses, Cereals and Grains and Other Crop Types), Type, Form, Mode of Application and By Geography
According to Stratistics MRC, the Global Complex Fertilizers Market is accounted for $78.95 billion in 2023 and is expected to reach $141.6 billion by 2030 growing at a CAGR of 8.7% during the forecast period. The complex fertilizers market encompasses a range of fertilizer products that contain two or more essential nutrients required for plant growth, typically nitrogen, phosphorus, and potassium, along with secondary and/or micronutrients. These fertilizers are designed to provide balanced nutrition to crops, optimizing their yield and quality. The complex fertilizers market plays a crucial role in modern agriculture, offering a balanced blend of essential nutrients required for optimal plant growth.
According to Research Institute of Organic Agriculture in 2017, more than 61 million hectares was occupied by the organic agricultural cultivation.
Market Dynamics:
Driver:
Increasing adoption of specialty crops
Specialty crops such as fruits, vegetables, and high-value cash crops demand precise formulations of nutrients to meet their unique needs and ensure quality yields. Complex fertilizers, which contain a combination of primary nutrients (nitrogen, phosphorus, and potassium) along with secondary and micronutrients, offer a comprehensive solution to address the nuanced requirements of these crops. As farmers seek to maximize productivity and quality while minimizing environmental impact, the demand for complex fertilizers is escalating. These fertilizers not only provide essential nutrients but also aid in improving soil health and fertility, further enhancing their appeal to modern agricultural practices focused on sustainability and efficiency.
Restraint:
Volatility in raw material prices
Fluctuating prices of essential inputs such as nitrogen, phosphorus, and potassium directly impact production costs, making it difficult for manufacturers to maintain stable pricing for complex fertilizers. This unpredictability not only affects profit margins but also disrupts supply chains and undermines long-term planning efforts. Moreover, price fluctuations can deter investment in research and development of innovative fertilizer formulations, hindering the industry's ability to adapt to changing agricultural needs and environmental concerns.
Opportunity:
Innovations in fertilizer manufacturing technologies
Advanced manufacturing techniques enable the precise formulation of complex fertilizers, combining essential nutrients in optimal ratios to meet specific crop requirements. These innovations enhance nutrient uptake efficiency, reduce environmental impact, and improve crop yields. For instance, controlled-release fertilizers, enabled by cutting-edge coating technologies, gradually deliver nutrients to plants over an extended period, minimizing nutrient leaching and runoff. Furthermore, advancements in nutrient synthesis and blending processes ensure the production of high-quality complex fertilizers with improved solubility and bioavailability.
Threat:
Infrastructure challenges
The production and distribution of complex fertilizers require a robust infrastructure, including transportation networks, storage facilities, and reliable energy sources. In many regions, inadequate infrastructure leads to logistical inefficiencies, delays in delivery, and increased costs. Poor road networks, limited access to ports, and insufficient storage facilities can hamper the timely supply of complex fertilizers to agricultural regions, impacting farmers' ability to obtain essential nutrients for their crops.
Covid-19 Impact:
The COVID-19 pandemic profoundly impacted the complex fertilizers market, triggering disruptions across various facets of production, distribution, and demand. Restrictions on mobility and labor shortages hindered manufacturing operations, leading to supply chain bottlenecks and reduced output. Additionally, fluctuations in currency exchange rates and logistical challenges further complicated the situation. Uncertainty surrounding the pandemic prompted farmers to adopt a cautious approach, resulting in deferred or reduced fertilizer purchases. Furthermore, the economic downturn induced by the pandemic constrained agricultural budgets, influencing farmers' purchasing decisions.
The Oilseeds & Pulses segment is expected to be the largest during the forecast period
Oilseeds & Pulses segment is expected to be the largest during the forecast period. Oilseeds and pulses are vital crops with high nutrient requirements, particularly for phosphorus and nitrogen. Complex fertilizers, which contain multiple nutrients in a single application, address these needs effectively, optimizing crop yield and quality. By providing essential nutrients in balanced proportions, complex fertilizers enable oilseeds and pulses to achieve their full genetic potential, resulting in increased productivity and profitability for farmers. Moreover, the efficient utilization of nutrients minimizes environmental impacts such as nutrient runoff, making the cultivation of oilseeds and pulses more sustainable.
The Foliar segment is expected to have the highest CAGR during the forecast period
Foliar segment is expected to have the highest CAGR during the forecast period. These segments involve the application of fertilizers directly onto plant leaves, allowing for efficient nutrient absorption. This method offers several advantages, including rapid nutrient delivery, reduced nutrient loss through leaching or volatilization, and improved nutrient utilization by crops. As a result, farmers can achieve higher yields and better crop quality while minimizing environmental impact. The use of foliar segments in complex fertilizers enables customized nutrient formulations tailored to specific crop needs, enhancing their efficacy in addressing nutrient deficiencies and optimizing plant growth.
Region with largest share:
Asia Pacific region is poised to hold largest share over the forecast period. As population surges and urbanization accelerates across Asia Pacific, the pressure on agricultural production intensifies. Complex fertilizers, which combine multiple essential nutrients in a single application, offer a solution to optimize crop yields and address soil nutrient deficiencies effectively. Farmers in the region are increasingly adopting complex fertilizers to maximize agricultural productivity and ensure food security for growing populations.
Region with highest CAGR:
Asia Pacific region is estimated to witness profitable growth during the forecast period. Stringent regulations imposed by governments regarding the quality of fertilizers, environmental sustainability, and nutrient management are compelling manufacturers to develop and offer complex fertilizers in the region. These regulations often include guidelines for minimizing nutrient runoff and optimizing fertilizer application to prevent soil degradation and water pollution. Moreover, government subsidies and incentives for using complex fertilizers, which contain a balanced mix of essential nutrients, are encouraging farmers to adopt these products over conventional fertilizers. These elements are boosting the regional growth.
Key players in the market
Some of the key players in Complex Fertilizers market include Haifa Chemicals Ltd, Potash Corporation of Saskatchewan Inc, Coromandel International Ltd, Eurochem Group AG, Israel Chemicals Limited, CF Industries Holdings, Inc, Helena Chemical Company, Agrium Inc, Sociedad Quimica Y Minera De Chile SA, The Mosaic Company and Yara International ASA.
Key Developments:
In June 2022, ICL, a multi-national manufacturing concern that develops, produces and markets fertilizers signed a long-term agreement with India Potash Limited (IPL), a fertiliser company based in India to supply Polysulphate through 2026, the five-year term is for an aggregate amount of 1 million metric tons. The availability of Polysulphate is expected to help boost the Government of India's organic agriculture program.
In May 2022, ICL, a multi-national manufacturing concern that develops, produces and markets fertilizers signed a framework agreements in India and China to supply 600,000 and 700,000 metric tons of potash, respectively in 2022 at 590 US$ per ton.
Crop Types Covered:
- Fruits & Vegetables
- Oilseeds & Pulses
- Cereals and Grains
- Other Crop Types
Types Covered:
- Complete
- Incomplete
Forms Covered:
- Liquid
- Solid
- Other Forms
Mode of Applications Covered:
- Fertigation
- Foliar
- Other Mode of Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Emerging Markets
- 3.7 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Complex Fertilizers Market, By Crop Type
- 5.1 Introduction
- 5.2 Fruits & Vegetables
- 5.3 Oilseeds & Pulses
- 5.4 Cereals and Grains
- 5.5 Other Crop Types
6 Global Complex Fertilizers Market, By Type
- 6.1 Introduction
- 6.2 Complete
- 6.3 Incomplete
7 Global Complex Fertilizers Market, By Form
- 7.1 Introduction
- 7.2 Liquid
- 7.3 Solid
- 7.4 Other Forms
8 Global Complex Fertilizers Market, By Mode of Application
- 8.1 Introduction
- 8.2 Fertigation
- 8.3 Foliar
- 8.4 Other Mode of Applications
9 Global Complex Fertilizers Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Haifa Chemicals Ltd
- 11.2 Potash Corporation of Saskatchewan Inc
- 11.3 Coromandel International Ltd
- 11.4 Eurochem Group AG
- 11.5 Israel Chemicals Limited
- 11.6 CF Industries Holdings, Inc
- 11.7 Helena Chemical Company
- 11.8 Agrium Inc
- 11.9 Sociedad Quimica Y Minera De Chile SA
- 11.10 The Mosaic Company
- 11.11 Yara International ASA
List of Tables
- Table 1 Global Complex Fertilizers Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Complex Fertilizers Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 3 Global Complex Fertilizers Market Outlook, By Fruits & Vegetables (2021-2030) ($MN)
- Table 4 Global Complex Fertilizers Market Outlook, By Oilseeds & Pulses (2021-2030) ($MN)
- Table 5 Global Complex Fertilizers Market Outlook, By Cereals and Grains (2021-2030) ($MN)
- Table 6 Global Complex Fertilizers Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 7 Global Complex Fertilizers Market Outlook, By Type (2021-2030) ($MN)
- Table 8 Global Complex Fertilizers Market Outlook, By Complete (2021-2030) ($MN)
- Table 9 Global Complex Fertilizers Market Outlook, By Incomplete (2021-2030) ($MN)
- Table 10 Global Complex Fertilizers Market Outlook, By Form (2021-2030) ($MN)
- Table 11 Global Complex Fertilizers Market Outlook, By Liquid (2021-2030) ($MN)
- Table 12 Global Complex Fertilizers Market Outlook, By Solid (2021-2030) ($MN)
- Table 13 Global Complex Fertilizers Market Outlook, By Other Forms (2021-2030) ($MN)
- Table 14 Global Complex Fertilizers Market Outlook, By Mode of Application (2021-2030) ($MN)
- Table 15 Global Complex Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
- Table 16 Global Complex Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
- Table 17 Global Complex Fertilizers Market Outlook, By Other Mode of Applications (2021-2030) ($MN)
- Table 18 North America Complex Fertilizers Market Outlook, By Country (2021-2030) ($MN)
- Table 19 North America Complex Fertilizers Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 20 North America Complex Fertilizers Market Outlook, By Fruits & Vegetables (2021-2030) ($MN)
- Table 21 North America Complex Fertilizers Market Outlook, By Oilseeds & Pulses (2021-2030) ($MN)
- Table 22 North America Complex Fertilizers Market Outlook, By Cereals and Grains (2021-2030) ($MN)
- Table 23 North America Complex Fertilizers Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 24 North America Complex Fertilizers Market Outlook, By Type (2021-2030) ($MN)
- Table 25 North America Complex Fertilizers Market Outlook, By Complete (2021-2030) ($MN)
- Table 26 North America Complex Fertilizers Market Outlook, By Incomplete (2021-2030) ($MN)
- Table 27 North America Complex Fertilizers Market Outlook, By Form (2021-2030) ($MN)
- Table 28 North America Complex Fertilizers Market Outlook, By Liquid (2021-2030) ($MN)
- Table 29 North America Complex Fertilizers Market Outlook, By Solid (2021-2030) ($MN)
- Table 30 North America Complex Fertilizers Market Outlook, By Other Forms (2021-2030) ($MN)
- Table 31 North America Complex Fertilizers Market Outlook, By Mode of Application (2021-2030) ($MN)
- Table 32 North America Complex Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
- Table 33 North America Complex Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
- Table 34 North America Complex Fertilizers Market Outlook, By Other Mode of Applications (2021-2030) ($MN)
- Table 35 Europe Complex Fertilizers Market Outlook, By Country (2021-2030) ($MN)
- Table 36 Europe Complex Fertilizers Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 37 Europe Complex Fertilizers Market Outlook, By Fruits & Vegetables (2021-2030) ($MN)
- Table 38 Europe Complex Fertilizers Market Outlook, By Oilseeds & Pulses (2021-2030) ($MN)
- Table 39 Europe Complex Fertilizers Market Outlook, By Cereals and Grains (2021-2030) ($MN)
- Table 40 Europe Complex Fertilizers Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 41 Europe Complex Fertilizers Market Outlook, By Type (2021-2030) ($MN)
- Table 42 Europe Complex Fertilizers Market Outlook, By Complete (2021-2030) ($MN)
- Table 43 Europe Complex Fertilizers Market Outlook, By Incomplete (2021-2030) ($MN)
- Table 44 Europe Complex Fertilizers Market Outlook, By Form (2021-2030) ($MN)
- Table 45 Europe Complex Fertilizers Market Outlook, By Liquid (2021-2030) ($MN)
- Table 46 Europe Complex Fertilizers Market Outlook, By Solid (2021-2030) ($MN)
- Table 47 Europe Complex Fertilizers Market Outlook, By Other Forms (2021-2030) ($MN)
- Table 48 Europe Complex Fertilizers Market Outlook, By Mode of Application (2021-2030) ($MN)
- Table 49 Europe Complex Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
- Table 50 Europe Complex Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
- Table 51 Europe Complex Fertilizers Market Outlook, By Other Mode of Applications (2021-2030) ($MN)
- Table 52 Asia Pacific Complex Fertilizers Market Outlook, By Country (2021-2030) ($MN)
- Table 53 Asia Pacific Complex Fertilizers Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 54 Asia Pacific Complex Fertilizers Market Outlook, By Fruits & Vegetables (2021-2030) ($MN)
- Table 55 Asia Pacific Complex Fertilizers Market Outlook, By Oilseeds & Pulses (2021-2030) ($MN)
- Table 56 Asia Pacific Complex Fertilizers Market Outlook, By Cereals and Grains (2021-2030) ($MN)
- Table 57 Asia Pacific Complex Fertilizers Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 58 Asia Pacific Complex Fertilizers Market Outlook, By Type (2021-2030) ($MN)
- Table 59 Asia Pacific Complex Fertilizers Market Outlook, By Complete (2021-2030) ($MN)
- Table 60 Asia Pacific Complex Fertilizers Market Outlook, By Incomplete (2021-2030) ($MN)
- Table 61 Asia Pacific Complex Fertilizers Market Outlook, By Form (2021-2030) ($MN)
- Table 62 Asia Pacific Complex Fertilizers Market Outlook, By Liquid (2021-2030) ($MN)
- Table 63 Asia Pacific Complex Fertilizers Market Outlook, By Solid (2021-2030) ($MN)
- Table 64 Asia Pacific Complex Fertilizers Market Outlook, By Other Forms (2021-2030) ($MN)
- Table 65 Asia Pacific Complex Fertilizers Market Outlook, By Mode of Application (2021-2030) ($MN)
- Table 66 Asia Pacific Complex Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
- Table 67 Asia Pacific Complex Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
- Table 68 Asia Pacific Complex Fertilizers Market Outlook, By Other Mode of Applications (2021-2030) ($MN)
- Table 69 South America Complex Fertilizers Market Outlook, By Country (2021-2030) ($MN)
- Table 70 South America Complex Fertilizers Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 71 South America Complex Fertilizers Market Outlook, By Fruits & Vegetables (2021-2030) ($MN)
- Table 72 South America Complex Fertilizers Market Outlook, By Oilseeds & Pulses (2021-2030) ($MN)
- Table 73 South America Complex Fertilizers Market Outlook, By Cereals and Grains (2021-2030) ($MN)
- Table 74 South America Complex Fertilizers Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 75 South America Complex Fertilizers Market Outlook, By Type (2021-2030) ($MN)
- Table 76 South America Complex Fertilizers Market Outlook, By Complete (2021-2030) ($MN)
- Table 77 South America Complex Fertilizers Market Outlook, By Incomplete (2021-2030) ($MN)
- Table 78 South America Complex Fertilizers Market Outlook, By Form (2021-2030) ($MN)
- Table 79 South America Complex Fertilizers Market Outlook, By Liquid (2021-2030) ($MN)
- Table 80 South America Complex Fertilizers Market Outlook, By Solid (2021-2030) ($MN)
- Table 81 South America Complex Fertilizers Market Outlook, By Other Forms (2021-2030) ($MN)
- Table 82 South America Complex Fertilizers Market Outlook, By Mode of Application (2021-2030) ($MN)
- Table 83 South America Complex Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
- Table 84 South America Complex Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
- Table 85 South America Complex Fertilizers Market Outlook, By Other Mode of Applications (2021-2030) ($MN)
- Table 86 Middle East & Africa Complex Fertilizers Market Outlook, By Country (2021-2030) ($MN)
- Table 87 Middle East & Africa Complex Fertilizers Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 88 Middle East & Africa Complex Fertilizers Market Outlook, By Fruits & Vegetables (2021-2030) ($MN)
- Table 89 Middle East & Africa Complex Fertilizers Market Outlook, By Oilseeds & Pulses (2021-2030) ($MN)
- Table 90 Middle East & Africa Complex Fertilizers Market Outlook, By Cereals and Grains (2021-2030) ($MN)
- Table 91 Middle East & Africa Complex Fertilizers Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 92 Middle East & Africa Complex Fertilizers Market Outlook, By Type (2021-2030) ($MN)
- Table 93 Middle East & Africa Complex Fertilizers Market Outlook, By Complete (2021-2030) ($MN)
- Table 94 Middle East & Africa Complex Fertilizers Market Outlook, By Incomplete (2021-2030) ($MN)
- Table 95 Middle East & Africa Complex Fertilizers Market Outlook, By Form (2021-2030) ($MN)
- Table 96 Middle East & Africa Complex Fertilizers Market Outlook, By Liquid (2021-2030) ($MN)
- Table 97 Middle East & Africa Complex Fertilizers Market Outlook, By Solid (2021-2030) ($MN)
- Table 98 Middle East & Africa Complex Fertilizers Market Outlook, By Other Forms (2021-2030) ($MN)
- Table 99 Middle East & Africa Complex Fertilizers Market Outlook, By Mode of Application (2021-2030) ($MN)
- Table 100 Middle East & Africa Complex Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
- Table 101 Middle East & Africa Complex Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
- Table 102 Middle East & Africa Complex Fertilizers Market Outlook, By Other Mode of Applications (2021-2030) ($MN)
