Compound Fertilizer Market 2018: Scope, Growth and Key Manufacturers Analysis 2025
Market Definition:
A compound fertilizer contains two or more vital plant
nutrients. It also contains secondary nutrients and trace elements. The
compound can either be organic or inorganic. The organic compounds in this
fertilizer accounts to fish, bone meal, manure, and compost. On the other hand,
the inorganic part of this fertilizers accounts to the combination of various
chemicals in the manufacturing process.
The
essential plant nutrients comprises of phosphorus, nitrogen, and potassium,
which are very essential and is required for plants to complete their life
cycle. Whereas, the secondary nutrients that are required for the plant growth
are sulfur, calcium, and magnesium. The secondary nutrients are present in the
soil but it also needs to be replenished periodically. The trace elements may
be added, such as boron, copper, and cobalt.
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Market Analysis with Latest
Growth Factors:
The global compound fertilizer market has witnessed
significant growth owing to the requirement to increase productivity and to
optimize the yield & fertilizer intensity gap across regions. In addition,
rise in awareness about soil profile and nutritional balance further propels
the growth of the compound fertilizer market. However, the increase in trend of
nitrogenous fertilizers may restrict the growth of this market. The compound
fertilizer market is expected to witness numerous growth opportunities, owing
to increase in investment in agricultural sector, especially in Africa.
Market Segmentation:
The global
compound fertilizer market can be segmented on the basis of type, application,
and region. On the basis of type, the global compound fertilizer market can be
segmented into two-element compound fertilizer and three-element compound
fertilizer. On the basis of applications, the global compound fertilizer market
can be segmented into rice, wheat, corn, fruit trees, vegetables, tobacco, and
others. On the basis of region, the global compound fertilizer market can be
segmented into North America, Europe, Middle East & Africa, Asia-Pacific,
and Latin America.
Major Key Players:
Some of the
key players in the global compound fertilizer market include Alberta
Corporation, Hanfeng Evergreen Inc., Hubei Xinyangfeng Fertilizer Co., Ltd.,
Kingenta Ecological Engineering Co., Ltd., Luxi Group Co., Ltd., Sinochem
Group, Stanley Fertilizer Co., Ltd., The Mosaic Company, Wengfu (Group) Co.,
Ltd. and Yara UK Limited.
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Major Points from Table
of content:
•
Executive Summary
•
Research Methodology
•
Market Dynamics
•
Industry Overview
•
Global Compound Fertilizer Market, By Product
(2017-2025)
•
Global Compound Fertilizer Market, By Regions
(2017-2025)
•
Market Competition Analysis
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