Global Complex Fertilizers Market Overview:
Complex fertilizers are formed by blending two or more kinds of micronutrients fertilizers, which delivered crops an appropriate level of fertility. It records exact size and shape of object as a three dimensional representation in the computer. Increasing applications of Complex fertilizers is observed at Cereals, Oilseeds and Fruits & vegetables items that guide the market growth. For instance, Maire Tecnimont S.p.A.have developed a new next-generation smart fertilizer coating that will enhance efficiency and increase agricultural productivity. Further, increasing demand for animal feed and rising awareness about soil profile & nutritional balance expected to drive the market over the forecasted period. According to AMA, the Global Complex Fertilizers market is expected to see growth rate of 6.4% and may see market size of USD72303.4 Million by 2024.
Market Drivers
- Increase Demand of Crop for Bio-Fuel Leads to Driven the Complex Fertilizers Market.
- Rapid Demand of Crop for Animal Feed Fuelled Up The Complex Fertilizers Market.
Market Trend
- Upsurge demand of complex fertilizers in Asia Pacific and Africa regions.
- Collaboration and Tie Up Of Leading Players
Restraints
- Growth of The Organic Fertilizers Industry Hampers the Complex Fertilizers Market.
- Depressed Commodity Prices Issues Create Disturbance in Complex Fertilizers Market.
Opportunities
- Growing Demand of Complex Fertilizers Requirements in Fruits and Vegetables.
- Upsurge Demand of complex fertilizers in advanced irrigation systems.
Challenges
- Stringent Regulations That Been Banned Several Harmful Fertilizers.
- Fluctuation of Raw Materials is anticipated to Challenge the Market.
Competitive Landscape:
Some of the key players profiled in the report are CF Industries Holdings Inc. (United States), Yara International ASA (Norway), The Mosaic Company (United States), EuroChem Group AG (Switzerland), Potash Corporation of Saskatchewan (Canada), PhosAgro (Russia), Agrium Inc. (Canada), Israel Chemicals Limited (Israel), Sociedad Quimica Y Minera De Chile (Chile), Haifa Chemicals Ltd., (Israel) and Helena Chemical Company (United States). Additionally, following companies can also be profiled that are part of our coverage like Zuari Agro Chemicals Ltd (India), Shikefeng Chemical (China), Adventz Group (India) and PJSC PhosAgro (Russia). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Complex Fertilizers market by 2024. Considering Market by Product Form, the sub-segment i.e. Solid will boost the Complex Fertilizers market.
Market Highlights:
In May 2018, Yara International ASA acquired Vale Cubatão Fertilizantes complex. This acquisition is beneficial in providing integrated position in Brazil with growing integrated position within both industrial and fertilizer fields.
In June 2017, Sumitomo Corp launched a Foliar blend super fertilizer in India which is beneficial in providing variety of fields, including finance, insurance, iron and steel, chemical, real estate and others. It also strengthens its applications in water holding capacity and better soil health condition.
“According to government of India, its provide Essential Commodities Act, 1955,where Biofertiliser means the product containing carrier based (solid or liquid) living microorganisms which are agriculturally useful in terms of nitrogen fixation, phosphorus solubilisation or nutrient mobilization, to increase the productivity of the soil.”
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Complex Fertilizers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Complex Fertilizers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Complex Fertilizers Manufacturers, Complex Fertilizers Traders, End-Use Market Participants of Different Segments of Complex Fertilizers, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.