Global Complex Fertilizers Market to Grow at 6.5% CAGR to 2022, Forecasts M&M in Its Cutting-Edge Publication Available at MarketPublishers.com
03 Aug 2017 • by Natalie Aster
LONDON – Encouraged by a range of favourable factors comprising rising need to increase productivity and yield along with enhancing awareness of soil profile and nutritional balance, and increasing government support, the complex fertilizers market is poised to post healthy growth at a 6.5% CAGR during 2017-2022. By the end of the forecast period, the market value will likely touch USD 54.32 billion.
The major challenge of the complex fertilizers industry is the increasing preference for organic food, which propels the demand for bio-fertilizers.
Incomplete complex fertilizers (for instance, monoammonium phosphate and diammonium phosphate) are the most commonly used globally, primarily due to their remarkable benefits as time-efficiency, cost-effectiveness and ease of application. In the past year, this segment grabbed a share of appr. 65% of the overall complex fertilizers market, and it is forecast to continue holding the dominant position in the market through 2022.
As for volume, APAC ranked the biggest consumer of complex fertilizers in the past year. This regional market is further forecast to see robust growth through 2022, spurred by increasing agricultural practices together with requirement of high-quality agricultural production. The maximum growth rates in the regional market are registered in China. Still, over 2017-2022 the South American complex fertilizers market is projected to increase at the highest pace.
A detailed analysis of the complex fertilizers market landscape at different geographical levels is provided in the cutting-edge publication “Complex Fertilizers Market by Type, Crop Type, Form, and Region - Forecast to 2022” elaborated by MarketsandMarkets (M&M) and recently uploaded at MarketPublishers.com.
This topical study offers access to top-level qualitative and quantitative data on the market performance, sheds light on the market dynamics and prevailing trends, examines the key forces shaping the market as well as outlines future growth prospects, opportunities and challenges. Besides, this research report discloses updated statistics, touches upon the competitive landscape and gives a future outlook with detailed forecasts through 2022, etc.
For a full collection of the publisher’s research studies visit the MarketsandMarkets page.