Complex Fertilizers Market Size, Share, Trends, Industry Analysis Report: By Product Type (Complete and Incomplete), Form, Crop Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034
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Israel Chemicals Limited
CF Industries Holdings Inc.
The Mosaic Company
Haifa Chemicals Ltd.
Yara International ASA
Eurochem Group AG
Agrium Inc
PhosAgro
Helena Chemical Company
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The global complex fertilizers market size is expected to reach USD 67.07 billion by 2034, according to a new study by Polaris Market Research. The report "Complex Fertilizers Market Size, Share, Trends, Industry Analysis Report: By Product Type (Complete and Incomplete), Form, Crop Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Complex fertilizers are a combination of two or three primary nutrients, including nitrogen, phosphorous, and potassium, essential for plant growth. These fertilizers are made by combining chemical salts that provide the primary nutrients. The use of complex fertilizers helps improve soil quality and crop yield. Diammonium phosphate, nitrophosphates, and NPK are a few common examples of complex fertilizers.
The high efficiency of complex fertilizers as compared to traditional fertilizers and the presence of various government incentives and subsidies to promote the use of complex fertilizers are among the primary factors driving the complex fertilizers market growth. The increased emphasis on the development of fertilizers tailored to specific crops further supports the market expansion.
The growing demand for biofuel, which necessitates higher crop yields, is a major market trend anticipated to boost the adoption of complex fertilizers. The increased need for food production globally is projected to provide several complex fertilizers market opportunities in the coming years.
Key Highlights of Complex Fertilizers Market Report
Based on product type, the incomplete segment accounted for a larger share of the global complex fertilizers market revenue in 2024. Incomplete fertilizers help plants resist drought and disease. They are also used in greenhouse applications.
Based on crop type, the cereals and grains segment is anticipated to witness the highest CAGR from 2025 to 2034, as cereals and grains play a vital role in addressing the issue of food scarcity in developing nations globally.
North America led the complex fertilizers market share in 2024, driven by increased demand for advanced farming techniques and complex fertilizers and rising emphasis on the use of sustainable agricultural products.
The Asia Pacific complex fertilizers market is anticipated to witness the fastest growth during the forecast period. The various benefits offered by complex fertilizers in terms of field convenience and economic savings and the rising adoption of new farming techniques are driving the complex fertilizers market demand in the region.
Israel Chemicals Limited, CF Industries Holdings Inc., The Mosaic Company, Haifa Chemicals Ltd., Yara International ASA, Eurochem Group AG, Agrium Inc., PhosAgro, and Helena Chemical Company are a few of the key players in the market.
Polaris Market Research has segmented the complex fertilizers market research report on the basis of product type, form, crop type, and region:
By Product Type Outlook (Revenue - USD Billion, 2020-2034)
Complete
Incomplete
By Form Outlook (Revenue - USD Billion, 2020-2034)
Solid
Liquid
By Crop Type Outlook (Revenue - USD Billion, 2020-2034)
Cereals and Grains
Fruits and Vegetables
Oilseeds
By Regional Outlook (Revenue - USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Complex Fertilizers Market Insights
4.1. Complex Fertilizers Market - Market Snapshot
4.2. Complex Fertilizers Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Improved Fertilizer Efficiency
4.2.1.2. Increased Government Subsidies
4.2.2. Restraints and Challenges
4.2.2.1. Raw Material Cost Volatility
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry Among Existing Firms (High)
4.4. PESTEL Analysis
4.5. Complex Fertilizers Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Complex Fertilizers Market, by Product Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Complex Fertilizers Market, by Product Type, 2020-2034 (USD Billion)
5.3. Complete
5.3.1. Global Complex Fertilizers Market, by Complete, by Region, 2020-2034 (USD Billion)
5.4. Incomplete
5.4.1. Global Complex Fertilizers Market, by Incomplete, by Region, 2020-2034 (USD Billion)
6. Global Complex Fertilizers Market, by Form
6.1. Key Findings
6.2. Introduction
6.2.1. Global Complex Fertilizers Market, by Form, 2020-2034 (USD Billion)
6.3. Solid
6.3.1. Global Complex Fertilizers Market, by Solid, by Region, 2020-2034 (USD Billion)
6.4. Liquid
6.4.1. Global Complex Fertilizers Market, by Liquid, by Region, 2020-2034 (USD Billion)
7. Global Complex Fertilizers Market, by Crop Type
7.1. Key Findings
7.2. Introduction
7.2.1. Global Complex Fertilizers Market, by Crop Type, 2020-2034 (USD Billion)
7.3. Cereals and Grains
7.3.1. Global Complex Fertilizers Market, by Cereals and Grains, by Region, 2020-2034 (USD Billion)
7.4. Fruits and Vegetables
7.4.1. Global Complex Fertilizers Market, by Fruits and Vegetables, by Region, 2020-2034 (USD Billion)
7.5. Oilseeds
7.5.1. Global Complex Fertilizers Market, by Oilseeds, by Region, 2020-2034 (USD Billion)
8. Global Complex Fertilizers Market, by Geography
8.1. Key Findings
8.2. Introduction
8.2.1. Complex Fertilizers Market Assessment, by Geography, 2020-2034 (USD Billion)
8.3. Complex Fertilizers Market - North America
8.3.1. North America: Complex Fertilizers Market, by Product Type, 2020-2034 (USD Billion)
8.3.2. North America: Complex Fertilizers Market, by Form, 2020-2034 (USD Billion)
8.3.3. North America: Complex Fertilizers Market, by Crop Type, 2020-2034 (USD Billion)