Complex Fertilizers Market, By Form (Solid and Liquid), By Crop Type (Cereals and Grains, Fruits and Vegetables, Oilseeds, and Others), By Product Type (Complete Complex Fertilizers, and Incomplete Complex Fertilizers), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI1995

Pages :195

Formats :

Excel and PDF

Industry : Agrochemicals

Market Challenges: High manufacturing cost

Complex fertilizers are manufactured by combining two or three essential plant nutrients like nitrogen, phosphorus, and potassium. The production process of complex fertilizers is complex and involves blending, granulation, drying, and coating steps. This multi-step production process makes complex fertilizers more expensive to manufacture compared to simple fertilizers containing only one or two nutrients.

Market Opportunities: Emergence of precision farming

The emergence of precision farming practices has opened up great opportunities for the complex fertilizers market. Precision farming utilizes advanced technologies like sensors, GPS, drones, etc. to precisely analyze soil conditions, moisture levels, and apply exactly the right type and amount of nutrients only where required by the crops. This targeted, site-specific approach ensures optimal usage of fertilizers with no over or under application. It eliminates wastage and minimizes environmental impact from excess run-off or leaching. Precision farming promotes the use of customized, complex fertilizer blends that are tailored for the specific nutrient needs of different crops or even within single fields, considering spatial variability in soil health.