The Compound Fertilizer Global Market Report 2023, provides comprehensive information on the compound fertilizer market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Compound Fertilizer Market’s Growth:
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The global
compound fertilizers market size is expected to grow from $8.22 billion in 2022
to $8.76 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The
Russia-Ukraine war disrupted the chances of global economic recovery from the
COVID-19 pandemic, at least in the short term. The war between these two
countries has led to economic sanctions on multiple countries, a surge in
commodity prices and supply chain disruptions, causing inflation across goods
and services and affecting many markets across the globe. The global compound
fertilizers market size is expected to reach $11.06 billion in 2027 at a CAGR
of 6.0%.
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Tables):
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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.
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, Tobacco, Other
Applications
Asia-Pacific was
the largest region in the compound fertilizer market in 2022.
The table of contents in TBRC’s compound fertilizer market report
includes:
1. Executive Summary
2. Compound Fertilizer Market Characteristics
3. Compound Fertilizer Market Trends And Strategies
4. Compound Fertilizer Market - Macro Economic Scenario
5. Compound Fertilizer Market Size And Growth
.
27. Compound
Fertilizer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Compound Fertilizer Market
29. Compound Fertilizer Market Future Outlook and Potential Analysis
30. Appendix
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