Compound Fertilizer Global Market Report 2023

Compound Fertilizer Global Market Report 2024 – By Type (Two-Element Compound Fertilizer, Three-Element Compound Fertilizer), By Application (Rice, Wheat, Corn, Fruit Trees, Vegetables, Tobacco, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Compound Fertilizer Market Definition And Segments

Compound fertilizers are fertilizers with two or more necessary plant nutrients in a single fertilizer that are applied to the soil or directly to the plant to maintain or boost fertility in order to produce high-quality crops.

The main types of compound fertilizers are two-element compound fertilizers and three-element compound fertilizers. Two-element compound fertilizers refer to fertilizers containing two major chemical elements: nitrogen and phosphorous. These are used in various applications such as rice, wheat, corn, fruit trees, vegetables, tobacco and other applications.

The compound fertilizer market covered in this report is segmented –

1) By Type: Two-Element Compound Fertilizer, Three-Element Compound Fertilizer

2) By Application: Rice, Wheat, Corn, Fruit Trees, Vegetables, Tobacco, Other Applications

The compound fertilizer market size has grown strongly in recent years. It will grow from $8.68 billion in 2023 to $9.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to agricultural intensification, green revolution, industrialization of agriculture, government subsidies and support, crop diversification and specialization.

The compound fertilizer market size is expected to see strong growth in the next few years. It will grow to $11.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to population growth and food demand, technological advancements in production, sustainable agriculture practices, climate change adaptation, global market expansion. Major trends in the forecast period include climate change challenges, regulatory changes and compliance, customized blends and formulations, precision agriculture practices, environmental sustainability.

Increased Crop Production Propels Demand For Compound Fertilizers In The Market

Increased production of crops such as rice, wheat and corn is expected to boost the growth of the compound fertilizer market going forward. The production of crops refers to the process of cultivating crops for domestic and commercial reasons. Compound fertilizers are widely used for the production of wheat, corn, rice, sorghum, fruits, vegetables and fruits for providing uniform distribution of micronutrients throughout the root zone that increases soil fertility and protects the environment, as a result, increased crop production increases the demand for the compound fertilizers market. For instance, in December 2022, according to the report published by the United States Department of Agriculture, a US-based federal agency, corn for grain production increased to 15.1 billion bushels, up 7% from the 2020 estimate. Further, in January 2023, as per a report published by the Australian Bureau of Statistics, an Australian-based government agency, in 2021–22, the gross value of wheat climbed by 33% to $13 billion. Therefore, increased production of crops such as rice, wheat and corn is driving the growth of the compound fertilizer market.

Commercial Agriculture Flourishing Popularity Drives The Compound Fertilizers Market

The growing popularity of commercial agriculture is expected to propel the growth of the compound fertilizer market going forward. Commercial agriculture refers to the large-scale production of crops and livestock for the purpose of selling them and generating profit. Commercial agriculture generates income that goes towards a nation's gross domestic product, as it is often preferred to subsistence farming. Compound fertilizers are used in commercial agriculture for providing nutrients, increasing crop yields, improve soil health and optimize agricultural productivity. For instance, in May 2022, according to the GOV.UK government-operated official statistics website, 2021 highlights, total crop output income increased $11,782 million in 2021 from $1,950 million in 2020, and total livestock output income increased $17,626 million in 2021 from $1,119 million in 2020. Therefore, the growing popularity of commercial agriculture is driving the growth of the compound fertilizer market.

Major companies operating in the compound fertilizer market report are Hanfeng Evergreen, Kingenta Ecological Engineering Co. Ltd., Luxi Chemical Group Co. Ltd., Stanley Fertilizer Co. Ltd., WengFu Group, Hubei Xinyangfeng Fertilizer Industry Co. Ltd., Yara International ASA, Sinochem Corporation, The Mosaic Company, EcoChem, K+S Aktiengesellschaft, ICL Group Ltd., Helena Agri-Enterprises LLC, Haifa Negev technologies ltd., Georgia-Pacific LLC, Lebanon Seaboard Corporation, EuroChem Group AG, Nutrien Ltd., Garsoni Fertilizer Inc., Wilbur-Ellis Company LLC, Sinofert Holdings Limited, OCP Group, PhosAgro, Agrium, Growth Products Ltd., Potash Corporation of Saskatchewan Inc., Kugler Company, Indian Farmers Fertiliser Co-operative Limited, Israel Chemicals Ltd., Sociedad Química y Minera, Uralkali .

Research Institutions And Companies Pour Funds Into Advancing Compound Fertilizer Market

Investments in compound fertilizers are a key trend gaining popularity in the compound fertilizer market. Major research institutions and companies are investing in compound fertilizers for the development of the market. For instance, in August 2022, the Georgia Institute of Technology, a US-based public university, in partnership with the National Science Foundation, a US-based government agency, invested $26 million in the development of new technology and programs to absorb, recycle and manufacture decarbonized nitrogen-based fertilizers (NBFs) from nitrogen cycle pollutants, transforming America into a nitrogen cycle economy. Furthermore, in June 2021, the Industrial Development Corporation, an African government corporation, invested $31 million in Nitrogen Chemicals of Zambia (NCZ), its subsidiary to support the production of fertilizers including compound fertilizers to cut the need for imports.

Launch Of New Compound Fertilizers

Major companies operating in the compound fertilizer market are launching new products, such as GroShakti Plus, to sustain their position in the market. For instance, in September 2021, Coromandel International, an Indian chemicals company, introduced GroShakti Plus, an NPK (nitrogen, phosphorus, and potassium) fertilizer. GroShakti Plus is a superior complex fertilizer with EnPhos Technology and fortified zInc., designed to enhance crop yield and quality. GroShakti Plus has features such as nutrient content and suitability for various crops, which are characteristics of compound fertilizers. The fortified zinc induces greenness in plants through better nitrogen utilization and enzymatic activation while imparting resistance to pests and diseases.

The Mosaic Company Expands Soil Health Solutions With Acquisition Of Plant Response

In February 2022, The Mosaic Company, a US-based fertilizer-producing company, acquired Plant Response for an undisclosed amount. With this acquisition, Mosaic and Plant Response produce new soil health solutions that give superior crop nutrition to consumers worldwide and assist the world in growing the food it requires. Plant Response is a US-based biotechnology company.

Asia-Pacific was the largest region in the compound fertilizer market in 2023. The regions covered in the compound fertilizer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the compound fertilizer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The compound fertilizer market consists of sales of ammonium nitrate, ammonium phosphate, granulation process and liquid fertilizer. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The compound fertilizers market research report is one of a series of new reports from The Business Research Company that provides compound fertilizers market statistics, including compound fertilizers industry global market size, regional shares, competitors with a compound fertilizers market share, detailed compound fertilizers market segments, market trends and opportunities and any further data you may need to thrive in the compound fertilizers industry. This compound fertilizers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Compound Fertilizer Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $9.27 billion
Revenue Forecast In 2033 $11.77 billion
Growth Rate CAGR of 6.2% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Two-Element Compound Fertilizer, Three-Element Compound Fertilizer
2) By Application: Rice, Wheat, Corn, Fruit Trees, Vegetables, Tobacco, Other Applications
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Hanfeng Evergreen; Kingenta Ecological Engineering Co. Ltd.; Luxi Chemical Group Co. Ltd.; Stanley Fertilizer Co. Ltd.; WengFu Group; Hubei Xinyangfeng Fertilizer Industry Co. Ltd.; Yara International ASA; Sinochem Corporation; The Mosaic Company; EcoChem; K+S Aktiengesellschaft; ICL Group Ltd.; Helena Agri-Enterprises LLC; Haifa Negev technologies ltd.; Georgia-Pacific LLC; Lebanon Seaboard Corporation; EuroChem Group AG; Nutrien Ltd.; Garsoni Fertilizer Inc.; Wilbur-Ellis Company LLC; Sinofert Holdings Limited; OCP Group; PhosAgro; Agrium; Growth Products Ltd.; Potash Corporation of Saskatchewan Inc.; Kugler Company; Indian Farmers Fertiliser Co-operative Limited; Israel Chemicals Ltd.; Sociedad Química y Minera; Uralkali
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    Table Of Contents

    1. Executive Summary

    2. Compound Fertilizer Market Characteristics

    3. Compound Fertilizer Market Trends And Strategies

    4. Compound Fertilizer Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global Compound Fertilizer Market Size and Growth

    5.1. Global Compound Fertilizer Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Compound Fertilizer Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Compound Fertilizer Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Compound Fertilizer Market Segmentation

    6.1. Global Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Two-Element Compound Fertilizer

    Three-Element Compound Fertilizer

    6.2. Global Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Rice

    Wheat

    Corn

    Fruit Trees

    Vegetables

    Tobocco

    Other Applications

    7. Compound Fertilizer Market Regional And Country Analysis

    7.1. Global Compound Fertilizer Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Compound Fertilizer Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Compound Fertilizer Market  

    8.1. Asia-Pacific Compound Fertilizer Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Compound Fertilizer Market  

    9.1. China Compound Fertilizer Market Overview  

    9.2. China Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Compound Fertilizer Market  

    10.1. India Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Compound Fertilizer Market  

    11.1. Japan Compound Fertilizer Market Overview  

    11.2. Japan Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Compound Fertilizer Market  

    12.1. Australia Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Compound Fertilizer Market  

    13.1. Indonesia Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Compound Fertilizer Market  

    14.1. South Korea Compound Fertilizer Market Overview  

    14.2. South Korea Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Compound Fertilizer Market  

    15.1. Western Europe Compound Fertilizer Market Overview

    15.2. Western Europe Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Compound Fertilizer Market  

    16.1. UK Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Compound Fertilizer Market  

    17.1. Germany Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Compound Fertilizer Market  

    18.4. France Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.5. France Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Compound Fertilizer Market  

    19.7. Italy Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.8. Italy Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Compound Fertilizer Market  

    20.10. Spain Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.11. Spain Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Compound Fertilizer Market  

    21.1. Eastern Europe Compound Fertilizer Market Overview

    21.2. Eastern Europe Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Compound Fertilizer Market  

    22.1. Russia Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Compound Fertilizer Market  

    23.1. North America Compound Fertilizer Market Overview

    23.2. North America Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Compound Fertilizer Market  

    24.1. USA Compound Fertilizer Market Overview

    24.2. USA Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Compound Fertilizer Market  

    25.1. Canada Compound Fertilizer Market Overview

    25.2. Canada Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Compound Fertilizer Market  

    26.1. South America Compound Fertilizer Market Overview

    26.2. South America Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Compound Fertilizer Market  

    27.1. Brazil Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Compound Fertilizer Market  

    28.1. Middle East Compound Fertilizer Market Overview

    28.2. Middle East Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Compound Fertilizer Market  

    29.1. Africa Compound Fertilizer Market Overview

    29.2. Africa Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Compound Fertilizer Market Competitive Landscape And Company Profiles

    30.1. Compound Fertilizer Market Competitive Landscape

    30.2. Compound Fertilizer Market Company Profiles

    30.2.1. Hanfeng Evergreen

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Kingenta Ecological Engineering Co. Ltd.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Luxi Chemical Group Co. Ltd.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Stanley Fertilizer Co. Ltd.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. WengFu Group

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global Compound Fertilizer Market Competitive Benchmarking

    32. Global Compound Fertilizer Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The Compound Fertilizer Market

    34. Compound Fertilizer Market Future Outlook and Potential Analysis

    34.1 Compound Fertilizer Market In 2028 - Countries Offering Most New Opportunities

    34.2 Compound Fertilizer Market In 2028 - Segments Offering Most New Opportunities

    34.3 Compound Fertilizer Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Compound Fertilizer Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Compound Fertilizer Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Asia-Pacific, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: China, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: China, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: India, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: India, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: Japan, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: Japan, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: Australia, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: Australia, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Indonesia, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Indonesia, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: South Korea, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: South Korea, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Western Europe, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Western Europe, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: UK, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: UK, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Germany, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Germany, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: France, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: France, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Italy, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Italy, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Spain, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Spain, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Eastern Europe, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: Eastern Europe, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Russia, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Russia, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: North America, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: North America, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: USA, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: USA, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Canada, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Canada, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: South America, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: South America, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Brazil, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Brazil, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Middle East, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Middle East, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Africa, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Africa, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Hanfeng Evergreen Financial Performance
  • Table 52: Kingenta Ecological Engineering Co. Ltd. Financial Performance
  • Table 53: Luxi Chemical Group Co. Ltd. Financial Performance
  • Table 54: Stanley Fertilizer Co. Ltd. Financial Performance
  • Table 55: WengFu Group Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Compound Fertilizer Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Compound Fertilizer Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Asia-Pacific, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: China, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: China, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: India, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: India, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: Japan, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: Japan, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: Australia, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: Australia, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Indonesia, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Indonesia, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: South Korea, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: South Korea, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Western Europe, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Western Europe, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: UK, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: UK, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Germany, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Germany, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: France, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: France, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Italy, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Italy, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Spain, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Spain, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Eastern Europe, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: Eastern Europe, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Russia, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Russia, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: North America, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: North America, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: USA, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: USA, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Canada, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Canada, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: South America, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: South America, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Brazil, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Brazil, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Middle East, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Middle East, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Africa, Compound Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Africa, Compound Fertilizer Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Hanfeng Evergreen Financial Performance
  • Figure 52: Kingenta Ecological Engineering Co. Ltd. Financial Performance
  • Figure 53: Luxi Chemical Group Co. Ltd. Financial Performance
  • Figure 54: Stanley Fertilizer Co. Ltd. Financial Performance
  • Figure 55: WengFu Group Financial Performance
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Frequently Asked Questions

What is the definition of the compound fertilizer market?

Compound fertilizers are fertilizers with two or more necessary plant nutrients in a single fertilizer that are applied to the soil or directly to the plant to maintain or boost fertility in order to produce high-quality crops. For further insights on the compound fertilizer market, request a sample here

How will the compound fertilizer market drivers and restraints affect the compound fertilizer market dynamics? What forces will shape the compound fertilizer industry going forward?

The compound fertilizer market major growth driver - increased crop production propels demand for compound fertilizers in the market. For further insights on the compound fertilizer market, request a sample here

What is the forecast market size or the forecast market value of the compound fertilizer market ?

The compound fertilizer market size has grown strongly in recent years. It will grow from $8.68 billion in 2023 to $9.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to agricultural intensification, green revolution, industrialization of agriculture, government subsidies and support, crop diversification and specialization.. The compound fertilizer market size is expected to see strong growth in the next few years. It will grow to $11.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to population growth and food demand, technological advancements in production, sustainable agriculture practices, climate change adaptation, global market expansion.. Major trends in the forecast period include climate change challenges, regulatory changes and compliance, customized blends and formulations, precision agriculture practices, environmental sustainability.. For further insights on the compound fertilizer market, request a sample here

How is the compound fertilizer market segmented?

The compound fertilizer market is segmented
1) By Type: Two-Element Compound Fertilizer, Three-Element Compound Fertilizer
2) By Application: Rice, Wheat, Corn, Fruit Trees, Vegetables, Tobocco, Other ApplicationsFor further insights on the compound fertilizer market, request a sample here

Which region has the largest share of the compound fertilizer market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the compound fertilizer market in 2023. The regions covered in the compound fertilizer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the compound fertilizer market, request a sample here.

Who are the major players in the compound fertilizer market?

Major companies operating in the compound fertilizer market report are Hanfeng Evergreen, Kingenta Ecological Engineering Co. Ltd., Luxi Chemical Group Co. Ltd., Stanley Fertilizer Co. Ltd., WengFu Group, Hubei Xinyangfeng Fertilizer Industry Co. Ltd., Yara International ASA, Sinochem Corporation, The Mosaic Company, EcoChem, K+S Aktiengesellschaft, ICL Group Ltd., Helena Agri-Enterprises LLC, Haifa Negev technologies ltd., Georgia-Pacific LLC, Lebanon Seaboard Corporation, EuroChem Group AG, Nutrien Ltd., Garsoni Fertilizer Inc., Wilbur-Ellis Company LLC, Sinofert Holdings Limited, OCP Group, PhosAgro, Agrium, Growth Products Ltd., Potash Corporation of Saskatchewan Inc., Kugler Company, Indian Farmers Fertiliser Co-operative Limited, Israel Chemicals Ltd., Sociedad Química y Minera, Uralkali . For further insights on the compound fertilizer market, request a sample here.

What are the key trends in the compound fertilizer market?

Major trend in the compound fertilizer market - research institutions and companies pour funds into advancing compound fertilizer market. For further insights on the compound fertilizer market, request a sample here.

What are the major opportunities in the compound fertilizer market? What are the strategies for the compound fertilizer market?

For detailed insights on the major opportunities and strategies in the compound fertilizer market, request a sample here.

How does the compound fertilizer market relate to the overall economy and other similar markets?

For detailed insights on compound fertilizer market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the compound fertilizer industry?

For detailed insights on the mergers and acquisitions in the compound fertilizer industry, request a sample here.

What are the key dynamics influencing the compound fertilizer market growth? SWOT analysis of the compound fertilizer market.

For detailed insights on the key dynamics influencing the compound fertilizer market growth and SWOT analysis of the compound fertilizer industry, request a sample here.