The complex fertilizers market is subject to various dynamic factors. The global population growth and increasing food demand are driving the demand for complex fertilizers. However, the market is highly dependent on the prices of raw materials, such as phosphates and potassium, which are volatile and subject to geopolitical factors. Environmental concerns and government regulations on nutrient runoff and greenhouse gas emissions are also impacting the market. In addition, the increasing trend towards sustainable agriculture practices and organic farming is affecting the demand for complex fertilizers. Technological advancements in the manufacturing process and product innovation are expected to provide growth opportunities for the market. Overall, the complex fertilizers market is highly influenced by a complex interplay of economic, environmental, and social factors.
Global Complex Fertilizers Market was valued at US$ 60678.0 Million in 2021 in terms of revenue, exhibiting a CAGR of 6.01% during the forecast period (2022 to 2030).
Key Companies in the Complex Fertilizers Industry:
1. Yara International ASA
Founded in 1905, Yara International ASA is a Norwegian chemical company that produces and distributes fertilizers, industrial chemicals, and environmental products. The company is headquartered in Oslo, Norway, and operates in more than 150 countries. In 2021, Yara announced the launch of its new complex fertilizer product, YaraBela AXAN, which is designed to enhance crop yields and quality.
2. Potash Corporation of Saskatchewan Inc.
Potash Corporation of Saskatchewan Inc., commonly known as PotashCorp, was founded in 1975 and is a Canadian fertilizer company. It produces and sells fertilizers and related industrial and feed products, primarily in the United States and Canada. In 2018, the company merged with Agrium Inc. to form Nutrien, the world's largest provider of crop inputs and services. Nutrien offers a wide range of complex fertilizers to meet the needs of farmers worldwide.
3. CF Industries Holdings Inc.
Founded in 1946, CF Industries Holdings Inc. is a U.S.-based fertilizer company that produces and distributes nitrogen-based fertilizers and other nitrogen products. The company is headquartered in Deerfield, Illinois, and operates in the United States, Canada, and the United Kingdom. In 2020, CF Industries introduced a new line of complex fertilizers called N-TEGRATION, which combines nitrogen and sulfur to provide a balanced nutrient mix for crops.
4. The Mosaic Company
Founded in 2004, The Mosaic Company is a U.S.-based fertilizer company that produces and distributes phosphates and potash-based fertilizers. The company is headquartered in Tampa, Florida, and operates in more than 40 countries. In 2021, Mosaic announced the expansion of its premium fertilizer product line, MicroEssentials, which is a complex fertilizer that combines multiple nutrients to improve crop yields and nutrient uptake.
5. Israel Chemicals Limited
Founded in 1968, Israel Chemicals Limited is an Israeli-based fertilizer and specialty chemicals company. It produces and distributes potash and phosphate-based fertilizers, as well as industrial chemicals and performance products. The company operates in more than 30 countries and is headquartered in Tel Aviv, Israel. In 2021, ICL launched its new specialty fertilizer, FUSNEX, which is a complex fertilizer that contains a unique blend of nutrients designed to improve crop yields and soil health.
6. Eurochem Group AG
Founded in 2001, Eurochem Group AG is a Swiss-based fertilizer company that produces and distributes nitrogen-based fertilizers, as well as other chemical products. The company operates in more than 100 countries and is headquartered in Zug, Switzerland. In 2021, Eurochem launched its new complex fertilizer product, Nitrophoska Blue, which contains nitrogen, phosphorus, and potassium, as well as other essential nutrients to support plant growth and development.
7. Haifa Chemicals Ltd.
Founded in 1966, Haifa Chemicals Ltd. is an Israeli-based fertilizer company that produces and distributes specialty fertilizers and industrial chemicals. The company operates in more than 100 countries and is headquartered in Haifa, Israel. In 2020, Haifa Chemicals introduced a new complex fertilizer product called Multi-K, which contains potassium, magnesium, and sulfur to improve crop yields and plant health.
8. PJSC PhosAgro
Founded in 2001, PJSC PhosAgro is a Russian-based fertilizer company that produces and distributes phosphate-based fertilizers, as well as other chemical products. The company operates in more than 100 countries and is headquartered in Moscow, Russia. In 2021, the company announced that it had completed the construction of a new ammonia plant in Russia, which is expected to increase its annual ammonia production by 50%. PhosAgro also announced plans to invest in a new production line for water-soluble fertilizers.
9. Adventz Group
Adventz Group is an Indian conglomerate that operates in a range of industries, including agri-business, engineering, and infrastructure. The company was founded in 1967 and has its headquarters in Mumbai, India. Adventz Group operates in more than 100 countries and has a presence in Europe, Africa, Asia, and the Americas. In recent years, the company has focused on expanding its presence in the agricultural sector, with a particular emphasis on sustainable farming practices. In 2021, Adventz Group announced that it had acquired a majority stake in a leading Indian agrochemical company, which will help to strengthen its position in the agri-business sector. The company has also invested in new research and development initiatives aimed at improving the efficiency and sustainability of agricultural production.
*Definition- Complex fertilizers, also known as compound fertilizers, are blends of two or more essential plant nutrients, such as nitrogen, phosphorus, and potassium, in a single granule. They provide balanced nutrition to plants and improve soil fertility, leading to increased crop yields.
