Europe Complex Fertilizers Market size was around USD 10.12 billion in 2020. It is expected to grow at a CAGR of 7% to reach USD 13.39 billion by 2025. It captures 16% of the global market share.
The mixing of two or more of macro-nutrient type fertilizers produces compound fertilizers also known as complex fertilizers. Often, they are blended further with elements containing secondary or trace nutrients such as sulphur, calcium and magnesium.
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Growing need for food security for the growing population, rising demand for oil seeds, advanced farming technologies which deliver safe and reliable application of complex fertilizers and the ease of application of complex fertilizers are the primary drivers of this market. This market represents a potential opportunity in the forecast period. Thus, several key players have heavily invested to augment their production capacities and to produce various complex fertilizers that are crop-specific. Secondary factors contributing to the growth of this market include the need to increase productivity, fertilizer intensity gaps across regions, level yield, and growing awareness about soil profile and nutritional balance which is supported by the state.
Paradigm shift towards organic food and non-food consumption is the major restraint of this market.
The Europe Complex Fertilizers market can be categorized into three categories:
- Incomplete (Diammonium phosphate
- Monoammonium phosphate
- Mono potassium phosphate
- Potassium nitrate and Others
- (Nitro phosphate and urea phosphate)) and Complete
- (NPK (10-26-26), NPK (12-32-16), NPK (15-15-15)
- Other NPK compounds
By Crop Type
- Cereals, Oilseeds
- Fruits & vegetables
- (Turf & ornamentals)
- Plantation crops
- Fibre crops
- Silage & forage crops
By geography, the Europe Complex Fertilizers market has been categorized into
It is second to last in terms of market share. UK is the leading market in this region.
Major Key Players:
Major companies in the Complex Fertilizers market are CF Industries Holdings Inc. (U.S.), Yara International ASA (Norway), The Mosaic Company (U.S.), EuroChem Group AG (Switzerland), Potash Corporation of Saskatchewan (Canada), PhosAgro (Russia), Agrium Inc. (Canada), Israel Chemicals Limited (Israel), Sociedad Química Y Minera De Chile (Chile), Haifa Chemicals Ltd., (Israel), Helena Chemical Company (U.S.), and Zuari Agro Chemicals Ltd (India).