New York
City, 24 January 2019: The Report Complex Fertilizers Market is expected to reach USD 57.2
billion by 2026 according to a new study published by Polaris Market Research.
The market for complex fertilizers
globally has been divided based on product form, product type, crop type and
region. Based on product form the market is bifurcated into solid and liquid.
Considering the crop type segment of the complex fertilizers, the market is
classified into cereals and grains, fruits and vegetables, and oilseeds among
others. In this segment, it is the cereals & grains crop type that
dominated the market and held the largest market share. On the basis of product
type, the complex fertilizers market includes complete and incomplete complex
fertilizers.
It is the incomplete complex
fertilizers that held the largest market share of more than 70% globally.
Incomplete complex fertilizers are suitable for application in cereals, crops
and vegetables, and for greenhouse applications making it one of the most used
fertilizers all over the world. Asia Pacific is expected to form the leading
region in the complex fertilizers market in 2017 and along the forecast period
of 2018-2026 as well. It is the growing demand for food from different
countries present in this region coupled with the increase in population are
some of the key factors to boost growth of the complex fertilizers market in
the Asia Pacific.
The complex fertilizers usually get
blended with various elements that provide nutrients to plants, and comprise
minerals like of calcium, magnesium, and sulfur among others. These nutrients
are also known as trace or secondary nutrients. Combination of complex as
well as compound fertilizers offer multiple advantages like economic savings,
convenience in the field, along with ease in meeting with the crop nutritional
levels.
These are some of the major factors
that have boosted the growth of complex fertilizers market globally. However,
it is the increasing inclination towards adoption of organic fertilizer that
acts as a major restraint for growth of the complex fertilizers market. It is
also observed that the increasing demand for these complex fertilizers remains
also because of the high nutritional contents with its usage in crops as well
as for making bio-fuels, which will also provide various opportunities to the
market in future.
Competitive Landscape and Key Vendors:
A few of the key
players that are present in the complex fertilizers market mainly focus on
innovation and undergo heavy investments in the research & development as
well as the new product launches. The companies present in this market hold
patents related to the core composition or technology which further helps in
launching new products to gain competitive advantage over the competitors.
The leading players operating in the
complex fertilizers market globally are GlaxoSmithKline, GenVec, Inc.,
Nobelpharma, and Sanaria. Some other promising vendors are Cadila Healthcare
Ltd., CellFree Sciences Co. Ltd., VLP Therapeutics LLC, and Genome ReS Ltd.
among others.
No comments:
Post a Comment