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Download Free sampleThe global Complex Fertilizers market was valued at 4739.26 Million USD in 2021 and will grow with a CAGR of 3.64% from 2021 to 2027, based on Research newly published report.
The prime objective of Complex Fertilizers Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Complex Fertilizers Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Complex fertilizers have better physical, chemical, and mechanical properties compared to regular fertilizers. They offer a wider variety of options and can be customized to satisfy demand in accordance with specific soil compositions. Complex fertilizers are nutrient specific. Thus, for supplying a particular nutrient, one can select a specific chemical fertilizer. On the basis of form, the complex fertilizers market is segmented into solid and liquid fertilizers. The solid segment accounted for more than half of the total form market in 2016. Since it is a low-cost technique compared to the other techniques (such as fertigation), it is economical to use it on low-cost cereals such as wheat and corn, which are the major crop types dominating the complex fertilizers market.It is estimated that in the next 20 years, the global demand for food and energy will increase by more than 50%; this rise in food demand calls for the use of fertilizers to help enhance agricultural productivity and increase yield, thus driving the market of complex fertilizers. The usage of complex fertilizers in horticulture crops is gradually increasing, as these crops have high demand across the world. Increase in environmental degradation and population is reducing the area of productive land under cultivation, giving rise to the development of fertilizer solutions to sustain this increasing demand for horticultural crops.
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