San Francisco, California, August 17, 2017: The need for balanced fertilizer mixtures containing all required nutrients suited to crops and specific soil conditions is a key factor driving the evolution of the market. The mounting need for improving productivity on existing agricultural lands in several regions has propelled the demand for advanced fertilizer mixtures. A new report by TMR Research, titled “Fertilizer Mixtures Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025”, offers a comprehensive analysis of the key trends and drivers shaping the market dynamics. The research offers elaborate assessment of market share and size of key segments, lucrative opportunities, recent technological advancements, major regional growth dynamics, and competitive landscape.
The rising global demand for food for a burgeoning world population is intensifying pressure on farmers to augment yield. This has propelled the demand for fertilizer mixtures for improving productivity. The availability of all primary nutrients (N, K, and P) and micro-nutrients in fertilizer mixture has led to significant time and cost savings related to storage and handling. This is expected to bolster their uptake in modern agriculture practices. In addition, since they are present in granular form, their easy applicability on farm lands is a key benefit catalyzing their demand.
Several manufacturers allow the mechanical mixing of two and more compatible types of mineral fertilizers, which helps in meeting specific needs of farmers. This has catalyzed the growth of the fertilizer mixtures market. The feature of neutralizing residual acidity by using neutralizers in fertilizer mixtures is anticipated to bolster their demand. The use of fertilizer mixture has also enabled farmers in the inclusion of macro-elements and micro-nutrients. Furthermore, by varying the composition of fertilizer mixtures, it is possible to formulate fertilizer that can met the optimum condition for various regions and crop types. This is a crucial factor boosting the popularity of fertilizer mixture.
The changing dietary patterns in populations in several developing nations, such as in the emerging economies of Asia Pacific, is a key factor catalyzing the demand for fertilizer mixtures. However, the high cost of fertilizer mixture compared to straight fertilizers and the limited utility of these mixtures in some soil conditions are key factors likely to impede the growth of the market to some extent. Nevertheless, recent advancement in manufacturing processes are seminal factors expected to accentuate the market in the forthcoming years.
Regionally, the Asia Pacific market is projected to rise at an impressive CAGR and is predicted to offer lucrative avenues for market players. The rapidly rising demand for food in emerging nations such as India and China and several manufacturers bolstering their production are the vital factors boosting the regional market. North America is one of the prominent markets for fertilizer mixtures, mainly driven by mounting pressures of declining agriculture output attributed to soaring regional temperatures.
Leading players operating in the fertilizer mixtures market include Sumitomo Chemical Co., Ltd., Compass Minerals International, Inc., Henan Xinlianxin Fertilizer Co. Ltd., Coromandel International Limited, Beijing Xinhefeng Agrochemical Co. Ltd., Bayer CropScience AG, The Mosaic Company, and Gujarat State Fertilizers & Chemicals Ltd.
Click on the link below to request a sample copy of the report