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
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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