Global Complex Fertilizer Market size was valued at USD 39.49 Billion in 2024 and is expected to reach USD 71.92 Billion by 2033, at a CAGR of 6.89% during the forecast period 2024 – 2033.
Complex Fertilizer Market: Overview
Complex fertilizer, comprising a mixture of multiple vital nutrients like nitrogen, phosphorus, and potassium, alongside secondary and micronutrients, provides balanced nourishment to plants, promoting improved health, growth, and productivity.
The growing shift towards precision farming techniques is fueling demand for complex fertilizers in agriculture. Precision farming utilizes technology to manage inputs and outputs precisely, reshaping farming globally with tools like GPS-guided machinery and drones.
Complex fertilizers, tailored to specific soil and crop needs, play a vital role in this approach, optimizing nutrient application. Increased funding for agricultural infrastructure, driven by climate-smart initiatives like the Regional Conservation Partnership Program, supports the adoption of advanced fertilization methods, contributing to enhanced crop productivity and sustainability.
By Type, Complete Complex Fertilizers, enriched with primary nutrients, dominated the market in 2023, catering to diverse crops for enhanced growth. Incomplete Complex Fertilizers, preferred for specific soil types or targeted nutrient supplementation, find niche adoption in agriculture.
By Form, Granular complex fertilizers led the market in 2023 and are expected to maintain dominance, prized for their ease of handling and uniform nutrient distribution in traditional farming. Liquid complex fertilizers, favored for rapid nutrient absorption and customizable formulations, gain traction in modern precision agriculture, reflecting a shift towards efficient nutrient management practices.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 39.49 Billion |
| Projected Market Size in 2033 | USD 71.92 Billion |
| Market Size in 2023 | USD 36.94 Billion |
| CAGR Growth Rate | 6.89% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Form and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
CMI has comprehensively analyzed the Global Complex Fertilizer market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenarios of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Complex Fertilizer industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Complex Fertilizer Market:
- Yara International
- Nutrien
- The Mosaic Company
- CF Industries Holdings Inc.
- EuroChem Group AG
- ICL Group
- Haifa Group
- Coromandel International Limited
- OCI Nitrogen
- K+S Group
- Agrium Inc. (now part of Nutrien)
- PhosAgro
- Sinofert Holdings Limited
- Qatar Fertilizer Company (QAFCO)
- PotashCorp (now part of Nutrien)
- Rashtriya Chemicals & Fertilizers Ltd.
- Gujarat State Fertilizers & Chemicals Ltd. (GSFC)
- Israel Chemicals Ltd.
- Jordan Phosphate Mines Company (JPMC)
- Mosaic Fertilizantes (a subsidiary of The Mosaic Company)
- Others
The Complex Fertilizer Market is segmented as follows:
By Type
- Incomplete
- Diammonium phosphate
- Monoammonium phosphate
- Mono potassium phosphate
- Potassium nitrate
- Others (nitro phosphate and urea phosphate)
- Complete
- NPK (10-26-26)
- (12-32-16)
- (15-15-15)
- Other NPK compounds
ByForm
- Granular
- Liquid
By Crop Type
- Cereals
- Oilseeds
- Fruits & vegetables
- Others (turf & ornamentals, plantation crops, fiber crops, and silage & forage crops)
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America