COMPLEX FERTILIZERS MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Depleting soil fertility

Intensive farming over the decades has drained out essential nutrients from soils. Monocropping and exhaustive use of fertilizers in isolation has disrupted the natural balance of nutrients in farmlands. This has led to severe depletion of micro and macro nutrients needed by plants. As a result, the inherent fertility and productivity potential of soils has declined considerably. To sustain crop yields and meet the nutritional demands of cultivated crops, replenishing depleted soil nutrients is crucial. Compared to single nutrient fertilizers, complex fertilizers harmoniously restore multiple nutrients in one application. This holistic nourishment helps in conditioning the soil, enhancing its natural fertility over the long run. They also facilitate better nutrient assimilation by crops. Awareness regarding deteriorating soil health and the need for balanced nutrient management is rising among farmers. This has accelerated the usage of complex fertilizers for restoring depleted soils and arresting future yield decline risks. The urgent need to revive the nutrient status of over-exploited farmlands worldwide is propelling the complex fertilizers market growth.