Complex Fertilizers Market Size Growth Rate by Application 2021 Analysis, Share, Growth Factor and Forecast to 2027

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Complex Fertilizers
Complex Fertilizers

Insights into Global Complex Fertilizers

Compound fertilizers (complex fertilizers) are made by combining two or more types of macronutrient fertilizers. These fertilizers can be combined with trace or secondary nutrients such as calcium, magnesium, and sulphur to provide additional plant nutrients. Granular or liquid complex fertilizers can be distributed and packaged.

The growing demand for nutrient-specific fertilizers, combined with the need for high crop yields for biofuel production, is expected to drive growth in the Complex Fertilizers Market over the forecast period. For example, in 2017, the Indian biofuels industry invested US$ 2.25 billion in future projects, with the goal of increasing the industry's value to US$ 7.5 billion by 2027.

However, the growing preference for organic fertilizer is a major impediment to the Growth of The Global Complex Fertilizers Market. According to a report from the Research Institute of Organic Agriculture (FiBL), organic agricultural activities occupied over 50.9 million hectares of land in 2015. Oceania (22.8 million hectares, or nearly 45 percent of the world's organic agricultural land) and Europe have the most organic agricultural land (12.7 million hectares, 25 percent).

Incomplete complex fertilizers accounted for 72.38 percent of the  Complex Fertilizers Market in 2017 and are expected to continue to lead the market throughout the forecast period. Only one or two of the three primary nutrients are present in incomplete complex fertilizers (nitrogen, potassium or phosphorous). These fertilizers are appropriate for use in cereals, crops, and vegetables, as well as greenhouse applications. Incomplete complex fertilizers, such as diammonium phosphate, boost plant resistance to stress conditions like disease and drought. Furthermore, monoammonium phosphate is an excellent source of phosphorous and nitrogen that can be applied to crops as a foliar spray during plant growth.

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