The Compound Fertilizer Global Market Report 2023, provides comprehensive information on the compound fertilizer market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global compound fertilizers market size is expected to grow from $8.22 billion in 2022 to $8.76 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global compound fertilizers market size is expected to reach $11.06 billion in 2027 at a CAGR of 6.0%.
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Investments in compound fertilizers are a key trend gaining popularity in the compound fertilizer market. Major research institutions and companies are investing in compound fertilizers for the development of the market. For instance, in August 2022, the Georgia Institute of Technology, a US-based public university, in partnership with the National Science Foundation, a US-based government agency, invested $26 million in the development of new technology and programs to absorb, recycle and manufacture decarbonized nitrogen-based fertilizers (NBFs) from nitrogen cycle pollutants, transforming America into a nitrogen cycle economy. Furthermore, in June 2021, the Industrial Development Corporation, an African government corporation, invested $31 million in Nitrogen Chemicals of Zambia (NCZ),its subsidiary to support the production of fertilizers including compound fertilizers to cut the need for imports.
The compound fertilizer market is segmented:
1) By Type: Two-Element Compound Fertilizer, Three-Element Compound Fertilizer
2) By Application: Rice, Wheat, Corn, Fruit Trees, Vegetables, Tobacco, Other Applications
Asia-Pacific was the largest region in the compound fertilizer market in 2022.
The table of contents in TBRC’s compound fertilizer market report includes:
- Executive Summary
- Compound Fertilizer Market Characteristics
- Compound Fertilizer Market Trends And Strategies
- Compound Fertilizer Market – Macro Economic Scenario
- Compound Fertilizer Market Size And Growth
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- Compound Fertilizer Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Compound Fertilizer Market
- Compound Fertilizer Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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