Thursday, 29 August 2013

Two or more fertilizers are mixed in some proportion to produce two or three major elements such as Nitrogen (N), Phosphorus pentoxide (P2O5) and Potassium oxide (K2O) which helps in the effective growth of soil and food. The fertilizer mixtures shipped in 2008 were USD 2.7 billion which was approximately the same as in 2002 due to the fact that single nutrient fertilizers have dominated the fertilizers market during the past 30 years.

Some of the major factors driving the fertilizer mixtures market are that it increases the soil efficiency and decreases the operating cost of land over a period of time. The global fertilizer market in 2008 was USD 53.6 billion which is expected to have a market of USD 157 billion in 2015 with CAGR of 16.6% over the forecasted period (2008-2015).The nitrogen segment is expected to account for 58.6% of the global market in 2015. Among all the regions Asia Pacific accounts for more than 58% of the global market in 2008.

Global demand for food will increase by 1.5 times by 2030 as compared to total food consumption in 2000. In the developing countries such as India, China, dietary pattern among the individual are undergoing a huge change. In the near future fertilizer mixtures will enhance the agricultural productivity by fulfilling the damage caused by shortage of labor, land and depletion of soil. 

Fig 1: Global Fertilizer market in 2011

The fertilizer mixtures are of following types such as nitrogen and phosphorus fertilizer mixtures, diammonium hydrogenorthophosphate, fertilizer mixture tablets, nitrate and phosphate fertilizer mixtures, ammonium di hydrogen orthophosphate, nitrogen-phosphorus-potassium fertilizers, potassium and phosphorus fertilizer mixtures and other fertilizer mixtures in the market.

The report analyses the global scenario of fertilizer mixtures Market discussing detailed overview and market figures. The research report analyses the industry growth rate, industry capacity, and industry structure. The report analyses the historical data and forecasts the fertilizer mixtures Market size, production forecasts along with key factors driving and restraining the market.

More reports on Chemicals and Materials market:

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America
  • Asia Pacific
  • Europe
  • Rest of the World 
This report provides comprehensive analysis of
  •  Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

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