세계의 복합 비료 시장(2023-2030년)

Overview

Global Compound Fertilizer market reached US$ 8.5 billion in 2022 and is expected to reach US$ 13.1 billion by 2030, growing with a CAGR of 5.6% during the forecast period 2023-2030.

The global compound fertilizer market has witnessed significant growth, Farmers are highly adopting these fertilizers as they provide a balanced supply of essential nutrients, such as nitrogen, phosphorus, potassium, and others in each granule or blend. This helps increase the crop productivity. Hence, such factors help in driving the global compound fertilizers market.

Furthermore, the Department of Fertilizers, Government of India has provided a nutrient subsidy policy for decontrolled phosphatic & and potassium fertilizers, this scheme also provides fertilizers to farmers at subsidized prices. Which helps in increasing the demand for the usage of compound fertilizers.

The agricultural segment accounts for over half of the market share. Similarly, the Asia-Pacific dominates the compound fertilizer market, capturing the largest market share of over 1/3rd. As the presence of vast agricultural land in austrailan, it reamins the largest consumer of compound fertilizers.

Dynamics

Raising Demand for Alternatives of Traditional Fertilizers

Farmers are highly seeking alternatives to traditional fertilizers which increases the demand for compound fertilizers, as they provide a balanced mix of essential nutrients, which helps in promoting effective nutrient uptake by plants. Which helps in increasing crop productivity. Hence such factors help in increasing the market growth.

Furthermore, many manufacturing companies are producing high-quality innovative products in order to attract larger consumer bases. For instance, Hebei Sanyuanjiuqi Fertilizer Co., Ltd company produces NPK Compound fertilizer, which is a combination of nitrogen, phosphorus, and potassium it is designed to maximize crop yield and quality. Hence, such products help in increasing the adoption rate.

Increasing the demand for high-quality crops

The demand for high-quality crops is increasing, for instance, according to the Ministry of Agriculture & Farmers Welfare report of 2022, the Total production of Rice during 2021-22 is estimated at a record 127.93 million tonnes. It is higher by 11.49 million tonnes than the last five years' average production of 116.44 million tonnes. Hence, such increased production rates can help in increasing the adoption rates.

Furthermore, as the demand is increasing, farmers are highly adopting these compound fertilizers as they provide a balanced combination of essential nutrients that plants need for optimal growth. This helps in increasing the crop yield productivity and improving crop quality. Hence, it can help in increasing the market growth.

Increase in Organic Framing Practices

An increase in organic farming practices significantly affects the growth of the global compound fertilizers market. As knowledge about synthetic residues and the adverse health effects caused by them is increasing among consumers, it can decrease the adoption of compound fertilizers, which can hamper market growth.

Furthermore, according to the Ministry of Commerce and Industry, the government of India report of the National Programme for Organic Production (NPOP) 2022-23, the total organic cultivated area is 1.76 million hectares with the total farm organic production being 266 million tonnes. Hence, such high organic production can affect the growth of the compound fertilizers market.

Segment Analysis

The global compound fertilizer market is segmented based on type, distribution channel, crop type, application and region.

Increase in Demand for Effective Nutritive Fertilizers

The agriculture segment holds the maximum share of the global compound fertilizers market. The farmers are highly adopting these fertilizers in crop production as they provide all the essential nutrients in a balanced ratio and also help in increasing the nutrient absorption in plants and helping in increasing crop productivity and quality. Hence, such factors help in increasing market growth.

Furthermore, many manufacturing companies are focusing on producing innovative high-quality products in order to attract larger consumer bases. For instance, Xinyangfeng Agricultural Technology Co., Ltd, produces NPK compound fertilizers 16-16-15 ratio, This product is water soluble, synthesized by chemical reaction, and easy to be absorbed by crops. This helps in increasing the crop productivity. Hence, such products can help in increasing the market size.

Geographical Penetration

Vast Agricultural Lands and Higher Production of Wheat

Asia-Pacific has been a dominant force in the global compound fertilizer market and its significance has only grown in the post-2020 era. Farmers in this region are highly adopting these fertilizers as they contain a balanced amount of all the essential nutrients and help in increasing nutrient absorption in plants. This can help in increasing crop productivity, hence it can lead to increasing the usage of these fertilizers in this region.

Furthermore, the presence of vast agricultural lands increases the usage of compound fertilizers. For instance, according to the Department of Agriculture, Fisheries and Forestry report of 2023, in 2020, Australia had 55% of agricultural land in use which is around 427 million hectares. Hence, it can help in increasing the adoption rates.

Additionally, the demand for wheat production is increasing in this region, for instance, according to the Ministry of Agriculture & Farmers Welfare report of 2023, the wheat production in 2022-23 is 112.18 million tones which has increased 4.09% from 108.54 million tones 2021- 22, Hence, as the production is increasing it can help in increasing the adoption of compound fertilizers for wheat crops.

Competitive Landscape

The major global players in the market include: FarmHannong, Yara, Neufarm, Xinyangfeng Agricultural Technology Co., Ltd., Hebei Sanyuanjiuqi Fertilizer Co.,Ltd, Hanfeng Evergreen, Nutrien Ag Solutions, ICL, K + S Aktiengesellschaft and Sumitomo Chemical Co., Ltd.

COVID-19 Impact Analysis

During a pandemic, many people started adopting agriculture practices which have raised the demand for compound fertilizers. Also, during the pandemic, many countries' governments have imposed lockdown restrictions, which have brought a disruption in the supply chain of materials.

By Type

• Two-element compound fertilizer
• Three-element compound fertilizer

By Distribution Channel

• Company Stores
• Hypermarkets/Supermarkets
• Specialty Stores
• Others

By Crop Type

• Rice
• Wheat
• Corn
• Fruit Trees
• Vegetables
• Tobacco
• Others

By Application

• Agriculture
• Horticulture

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In September 2022, Nouryon acquired ADOM Fertilizers, a leading supplier of chelated micronutrients, foliars, and other specialty fertilizers. The acquisition will enable Nouryon to expand its product portfolio and broaden its offerings for customers in the crop nutrition market.
• In March 2023, Ares SSG-backed Acre Arc bought out Nagarjuna fertilizers and chemicals debt of ₹1,500 crore.

Why Purchase the Report?

• To visualize the global compound fertilizer market segmentation based on type, distribution channel, crop type, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of compound fertilizer market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global compound fertilizer market report would provide approximately 69 tables, 71 figures and 193 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet by Type
• 3.2. Snippet by Distribution Channel
• 3.3. Snippet by Crop Type
• 3.4. Snippet by Application
• 3.5. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Raising Demand for Alternatives of Traditional Fertilizers
    • 4.1.1.2. Increase in Demand for High-quality Crops
  • 4.1.2. Restraints
    • 4.1.2.1. Increase in Organic Farming Practices
  • 4.1.3. Opportunity
  • 4.1.4. Impact Analysis

5. Industry Analysis

• 5.1. Porter's Five Force Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis

6. COVID-19 Analysis

• 6.1. Analysis of COVID-19
  • 6.1.1. Scenario Before COVID
  • 6.1.2. Scenario During COVID
  • 6.1.3. Scenario Post COVID
• 6.2. Pricing Dynamics Amid COVID-19
• 6.3. Demand-Supply Spectrum
• 6.4. Government Initiatives Related to the Market During Pandemic
• 6.5. Manufacturers Strategic Initiatives
• 6.6. Conclusion

7. By Type

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 7.1.2. Market Attractiveness Index, By Type
• 7.2. Two-element compound fertilizer *
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Three-element compound fertilizer

8. By Distribution Channel

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
  • 8.1.2. Market Attractiveness Index, By Distribution Channel
• 8.2. Company Stores*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Hypermarkets/Supermarkets
• 8.4. Specialty Stores
• 8.5. Others

9. By Crop Type

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
  • 9.1.2. Market Attractiveness Index, By Crop Type
• 9.2. Rice*
  • 9.2.1. Introduction
  • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 9.3. Wheat
• 9.4. Corn
• 9.5. Fruit Trees
• 9.6. Vegetables
• 9.7. Tobacco
• 9.8. Others

10. By Application

• 10.1. Introduction
  • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 10.1.2. Market Attractiveness Index, By Application
• 10.2. Agriculture*
  • 10.2.1. Introduction
  • 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 10.3. Horticulture

11. By Region

• 11.1. Introduction
  • 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 11.1.2. Market Attractiveness Index, By Region
• 11.2. North America
  • 11.2.1. Introduction
  • 11.2.2. Key Region-Specific Dynamics
  • 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution channel
  • 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
  • 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.2.7.1. U.S.
    • 11.2.7.2. Canada
    • 11.2.7.3. Mexico
• 11.3. Europe
  • 11.3.1. Introduction
  • 11.3.2. Key Region-Specific Dynamics
  • 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution channel
  • 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
  • 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.3.7.1. Germany
    • 11.3.7.2. UK
    • 11.3.7.3. France
    • 11.3.7.4. Italy
    • 11.3.7.5. Russia
    • 11.3.7.6. Rest of Europe
• 11.4. South America
  • 11.4.1. Introduction
  • 11.4.2. Key Region-Specific Dynamics
  • 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution channel
  • 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
  • 11.4.6.
  • 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.4.8.1. Brazil
    • 11.4.8.2. Argentina
    • 11.4.8.3. Rest of South America
• 11.5. Asia-Pacific
  • 11.5.1. Introduction
  • 11.5.2. Key Region-Specific Dynamics
  • 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution channel
  • 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
  • 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.5.7.1. China
    • 11.5.7.2. India
    • 11.5.7.3. Japan
    • 11.5.7.4. Australia
    • 11.5.7.5. Rest of Asia-Pacific
• 11.6. Middle East and Africa
  • 11.6.1. Introduction
  • 11.6.2. Key Region-Specific Dynamics
  • 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution channel
  • 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
  • 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

12. Competitive Landscape

• 12.1. Competitive Scenario
• 12.2. Market Positioning/Share Analysis
• 12.3. Mergers and Acquisitions Analysis

13. Company Profiles

• 13.1. FarmHannong*
  • 13.1.1. Company Overview
  • 13.1.2. Product Portfolio and Description
  • 13.1.3. Financial Overview
  • 13.1.4. Key Developments
• 13.2. Yara
• 13.3. Neufarm
• 13.4. Xinyangfeng Agricultural Technology Co., Ltd.
• 13.5. Hebei Sanyuanjiuqi Fertilizer Co.,Ltd
• 13.6. Hanfeng Evergreen
• 13.7. Nutrien Ag Solutions
• 13.8. ICL
• 13.9. K+S Aktiengesellschaft
• 13.10. Sumitomo Chemical Co., Ltd.

LIST NOT EXHAUSTIVE

14. Appendix

• 14.1. About Us and Services
• 14.2. Contact Us