Jul 25, 2017   SOURCE: BusinessWire

Complex Fertilizers Market to Reach $54.3 Billion by 2022 - Key Players are Yara International ASA, Agrium, PhosAgro & Potash Corporation of Saskatchewan - Research and Markets

The "Complex Fertilizers Market - Forecast to 2022" report has been added to Research and Markets' offering.

The complex fertilizers market is projected to grow at a CAGR of 6.5% from 2017, to reach a projected value of USD 54.32 Billion by 2022.

The market is driven by factors such as the need to increase productivity, level yield, and fertilizer intensity gaps across regions, rise in awareness about soil profile and nutritional balance, backed by state support. The major restraints of the complex fertilizers market are the trend toward organic food and non-food consumption, which in turn, is driving the demand for biofertilizers.

Incomplete complex fertilizers such as diammonium phosphate and monoammonium phosphate are the most commonly used around the globe. The segment accounted for more than 65% of the global complex fertilizers in 2016. The fertigation mode of application is preferred for complex fertilizers due to its ease of application. It is also cost-effective and time-efficient. Along with this, farmers around the globe are also shifting from traditional farming to technological farming, which in turn leads to the adoption of complex fertilizer products.

The market for complex fertilizers in oilseeds is projected to be the fastest-growing between 2017 and 2022. Crops such as soybean, cottonseed, sunflower, peanuts, and canola provide basic resources for food, globally. For instance, soybean is an oilseed that has found its usage in large volumes, for feed, biofuel, and human food applications. Thus, complex fertilizers are increasingly being used for ensuring healthy crop stand and high yields.

Companies Mentioned

  • Acron (Russia)
  • Agrium Inc.
  • Azomures (Romania)
  • CF Industries Holdings, Inc
  • Coromandel International Ltd.
  • Eurochem Group Ag
  • Gujarat State Fertilizers & Chemicals (India)
  • Haifa Chemicals Ltd.
  • Hebei Monband Water Soluble Fertilizer Co., Ltd. (China)
  • Helena Chemical Company
  • Helm Ag (Germany)
  • Others

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Complex Fertilizers Market, By Type

7 Complex Fertilizers Market, By Crop Type

8 Complex Fertilizers Market, By Form

9 Complex Fertilizers Market, By Region

10 Competitive Landscape

11 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/fgwjjl/complex