Growing Use of Advanced Farming Technologies to Drive the Growth of Complex Fertilizers Market

The "Complex Fertilizers Market was valued at USD 44.03 Billion in 2016. It 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 growth in the complex fertilizers market is driven by advanced farming technologies that ensure safe and reliable application of complex fertilizers. Hence, complex fertilizers will be viewed as a business opportunity in the next five years. As a result, many multinational players have made investments to increase their production capacity and to produce various complex fertilizers that are crop-specific.

Download PDF Brochure

The rise in awareness about health and wellness, growth of the organic food industry, and the significant increase in the price of chemicals have played a huge role in providing the necessary boost to the global biofertilizers industry, which acts as a restraint for the complex fertilizers market.

The uncertainty in prices leads to challenges in production planning and sourcing of raw materials. The cost of ammonia has also been volatile due to lower natural gas costs, which further affects the price of complex fertilizers. Therefore, the fluctuation in the prices of raw materials is a direct challenge that the manufacturers of complex fertilizers need to combat.

Speak to Analyst

Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity. Innovators are players that have a strong focus on innovation and invest heavily in R&D and new product launches. These players hold specific patents in the core market and launch products to gain competitive advantage. Yara International ASA (Norway), Israel Chemicals Ltd. (Israel), Potash Corporation of Saskatchewan Inc. (Canada), Agrium Inc. (Canada), PhosAgro (Russia), CF Industries Holdings, Inc. (US), and The Mosaic Company (US) are the key players in the complex fertilizers market.

Comments

Post a Comment

Popular posts from this blog

Global Bottled Water Processing Market: Key Trends and Insights by 2028

A recent research report by MarketsandMarkets titled " Bottled Water Processing Market " provides valuable insights into the dynamics of the bottled water industry. The study covers both the bottled water market and the bottled water equipment market, forecasting significant growth in both segments. Here are key highlights from the report: Download PDF Brochure Bottled Water Market Overview: The bottled water market is projected to reach USD 457.1 billion by 2028, exhibiting a CAGR of 8.0% from 2023. This growth is attributed to the rising demand in emerging markets where limited access to safe drinking water is a challenge. The global population increase also contributes to the surge in demand for clean and safe drinking water, emphasizing the pivotal role of bottled water processing in providing accessible hydration solutions. Product Type Insights: The report highlights that still water dominates the market, accounting for the largest share in 2022 in terms of value. This ...
Read more

Growth Trends and Opportunities in the Global Edible Oils Market

The global edible oils industry is on track to reach USD 268.9 billion by 2027, marking a significant increase from USD 212.6 billion in 2022, with a projected compound annual growth rate (CAGR) of 4.8% between 2022 and 2027. This growth is primarily fueled by the rising global population, coupled with shifts in lifestyle preferences towards processed foods, where edible oils play a crucial role as primary ingredients. Furthermore, ongoing advancements in food processing, including the development of novel products such as confectionery, bakery items, ready-to-eat foods, and fast foods, are driving substantial demand for edible oils. Download PDF Brochure      Soybean oils emerge as the fastest-growing segment in the global edible oils market , anticipated to experience a robust CAGR of 5.4% during the forecast period. With concerns regarding food costs and climate change's impact on food supplies, soy products, particularly soybean oil, are gaining traction. Soybean oil...
Read more

Beer Processing Market Analysis and Global Forecast to 2025

Image
The global beer processing market studied in this report involves the market coverage of brewery equipment and beer. The global beer processing market is estimated to account for about USD 677.5 billion in 2019 and is projected to reach a value of USD 815.4 billion by 2025, growing at a CAGR of 3.1%. The changing consumer preferences for artisanal and craft beer, instead of traditional beer or other alcoholic beverages, drive the market for beer, globally. Download PDF Brochure The brewery equipment market has been growing in tandem      with the rising demand and consumption of beer. The other factor responsible for driving the global brewery equipment market is the growing number of microbreweries as well as brewpubs.  The European region is projected to account for the largest market share in the brewery equipment market due to the ever increasing beer industry and the presence of leading beer manufacturers. In the beer market, Asia Pacific dominated the global ...
Read more