The global complex fertilizers market revenue is expected to register a moderate CAGR over the forecast period. The global complex fertilizers market report has been segmented on the product type, form, application, crop type, and region.
Based on product type, the global complex fertilizers market is segmented based on incomplete complex fertilizers and complete complex fertilizers. The incomplete complex fertilizers segment is expected to register significant growth rate over the forecast period.
Based on form, the global complex fertilizers market is segmented based on solid and liquid form. Liquid form of the segment is expected to register a highest growth rate over the forecast period, as it can be rapidly absorbed in soil, thus providing faster nutrients to crop as compared to that of solid form of complex fertilizers, which in turn is expected to drive growth of the segment over the forecast period
Based on crop type, the target market is segmented based cereals, oilseeds, fruits & vegetables, and other. The cereals crop type segment is expected to witness significant revenue share in 2017 and oilseeds segment is expected register highest growth rate over the forecast period.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Asia Pacific contributes major market share in terms of revenue in global complex fertilizers market. Increasing demand for complex fertilizers in countries such as China, Australia, India owing to increasing crop demand for biofuel is expected to drive growth of market over the forecast period. Latin America is expected to witness rapid growth rate over the forecast period.
Some prominent players in the global complex fertilizers market are Agrium Inc., CF Industries Holdings, Inc., Coromandel International Ltd., Eurochem Group AG, Haifa Chemicals Ltd., Helena Chemical Company, Israel Chemicals Limited, Phosagro, Potash Corporation of Saskatchewan Inc., and Sociedad Química Y Minera De Chile SA.