Global Compound Fertilizer Market | 2021-2028 | Worldwide Industry Growing at a CAGR of 2.00% and Expected to Reach USD 10.25 billion

 A compound fertilizer is made out of two or more vital plant nutrients. The compound fertilizers can be availed in both organic and non-organic forms. Compound fertilizers further contain secondary nutrients such as sulphur, calcium, and magnesium and other trace elements such as boron, copper, and cobalt. These are required by the plants to complete their life cycles. Phosphorus, potassium and nitrogen are the essential nutrients required by the plants.  Compound fertilizers are available in both granular and liquid forms. Compound fertilizers have varying ratios of two or three micronutrients which are quite beneficial to the plants.

Growing food demand owing to the ever-rising global population will emerge as the major factor fostering the growth of compound fertilizer market. Also, induced focus of the farmers on optimizing better yield and increased crop production especially in the developing economies are other factors fostering the growth of compound fertilizer market. Growth in the expenditure for research and development proficiencies in regards to new product launches, rising food safety concerns and increasing personal disposable income will further create lucrative and remunerative growth opportunities for the compound fertilizer market. Growth and expansion of agrochemicals industry in the developing economies, surging globalization and growing initiatives by the government to promote industrialization will also carve the way for the growth of the compound fertilizer market.

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