Agriculture / Compound Fertilizer Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Mosaic, Canpotex, Yara, K+S, Terra, Nutrien,
Compound Fertilizer Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Mosaic, Canpotex, Yara, K+S, Terra, Nutrien,
Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Compound Fertilizer Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 2.01% during the review period (2022 to 2027).
Compound Fertilizer Market Overview
A compound fertilizer is made out of two or more vital plant nutrients. The compound fertilizers can be availed in both organic and non-organic forms. Compound fertilizers further contain secondary nutrients such as sulphur, calcium, and magnesium and other trace elements such as boron, copper, and cobalt. These are required by the plants to complete their life cycles. Phosphorus, potassium and nitrogen are the essential nutrients required by the plants. Compound fertilizers are available in both granular and liquid forms. Compound fertilizers have varying ratios of two or three micronutrients which are quite beneficial to the plants.
Growing food demand owing to the ever-rising global population will emerge as the major factor fostering the growth of compound fertilizer market. Also, induced focus of the farmers on optimizing better yield and increased crop production especially in the developing economies are other factors fostering the growth of compound fertilizer market. Growth in the expenditure for research and development proficiencies in regards to new product launches, rising food safety concerns and increasing personal disposable income will further create lucrative and remunerative growth opportunities for the compound fertilizer market.
Who are the Major Players in Compound Fertilizer Market?
The global Compound Fertilizer Marketincludes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Mosaic, Canpotex, Yara, K+S, Terra, Nutrien, Belamskali, SABIC, ICL, Uralkali.
Industry News and Development:
MOSAIC ANNOUNCES PETITIONS SEEKING U.S. COUNTERVAILING DUTIES ON PHOSPHATE FERTILIZER IMPORTS FROM MOROCCO AND RUSSIA
June 26, 2020, The Mosaic Company (NYSE:MOS) is filing petitions with the U.S. Department of Commerce and the U.S. International Trade Commission that request the initiation of countervailing duty investigations into imports of phosphate fertilizers from Morocco and Russia.
SABIC SPONSORS FERTILIZER CONFERENCE IN ETHIOPIA, EXPLORES NEW AGRI-NUTRIENT OPPORTUNITIES IN AFRICA
SABIC will display a range of innovative agri-nutrient solutions and introduce its experience in establishing the Sustainable Agriculture Research and Development Center (Estidamah) in Riyadh, an applied research institute that provides a range of agriculture-related solutions to public and private agencies at the national and international level.
What are the major Applications, Types and Regions for Compound Fertilizer Market?
The Compound Fertilizer Market is segmented based on the Type, Applications and Regions.
By Type, it is segmented into
Two-Element Compound Fertilizer
Three-Element Compound Fertilizer
By Applications, it is segmented into
Rice
Wheat
Corn
Fruit Trees
Vegetables
Tobacco
Others
Compound Fertilizer Market Regional Analysis
Asia-Pacific region leads the compound fertilizer market and will continue to flourish its dominance during the forecast period owing to the rising demand for agrochemicals, especially in the developing economies in regards to preventing and controlling serious plant diseases. The Asia-Pacific region is undergoing substantial gains owing to the rapid adoption of innovative and advanced agricultural solutions to tackle crop diseases.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Compound Fertilizer Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 2.01% over the forecast period (2022-2027)
Yes, the report can be customized as per your needs
Key Takeaways from this Compound Fertilizer Report
Evaluate Compound Fertilizer market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications and by different industries verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Compound Fertilizer market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
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Who are the key players in Compound Fertilizer Market?
What are the major end-use applications of the Compound Fertilizer Market?
Rice, Wheat, Corn, Fruit Trees, Vegetables, Tobacco, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
