Global Compound Fertilizer Market Trends, Analysis, and Forecast To
A compound fertilizer contains two or more vital plant nutrients. It also contains secondary nutrients and trace
elements. The compound can either be organic or inorganic. The organic compounds in this fertilizer accounts to fish,
bone meal, manure, and compost. On the other hand, the inorganic part of this fertilizers accounts to the combination
of various chemicals in the manufacturing process.
The essential plant nutrients comprises of phosphorus, nitrogen, and potassium, which are very essential and is required
for plants to complete their life cycle. Whereas, the secondary nutrients that are required for the plant growth are
sulfur, calcium, and magnesium. The secondary nutrients are present in the soil but it also needs to be replenished
periodically. The trace elements may be added, such as boron, copper, and cobalt.
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Market Analysis with Latest Growth Factors:
The global compound fertilizer market has witnessed significant growth owing to the requirement to increase
productivity and to optimize the yield & fertilizer intensity gap across regions. In addition, rise in awareness about soil
profile and nutritional balance further propels the growth of the compound fertilizer market. However, the increase in
trend of nitrogenous fertilizers may restrict the growth of this market. The compound fertilizer market is expected to
witness numerous growth opportunities, owing to increase in investment in agricultural sector, especially in Africa.
The global compound fertilizer market can be segmented on the basis of type, application, and region. On the basis of
type, the global compound fertilizer market can be segmented into two-element compound fertilizer and three-element
compound fertilizer. On the basis of applications, the global compound fertilizer market can be segmented into