Rise In Global Population And The Increased Need For Sustainable Agricultural Produce Are Driving The Global Complex Fertilisers Market

 

Compound fertilisers (complex fertilisers) are made by combining two or more types of macronutrient fertilisers. These fertilisers can be combined with trace or secondary nutrients such as calcium, magnesium, and sulphur to provide additional plant nutrients. Granular or liquid complex fertilisers can be distributed and packaged. The growing demand for nutrient-specific fertilisers, combined with the need for high crop yields for biofuel production, is expected to drive growth in the complex fertilisers market over the forecast period. For example, in 2017, the Indian biofuels industry invested US$ 2.25 billion in future projects, with the goal of increasing the industry's value to US$ 7.5 billion by 2022.

 

Farmers are being educated on the proper use of fertilisers based on the nutrient makeup of the soil, the crop being planted, and the types of pests most commonly affecting crops in their surroundings, as proper soil fertility is an important aspect that ensures sustainable agricultural production. The rise in global population and the increased need for sustainable agricultural produce are driving the global Complex Fertilisers Market. Because of the significant increase in global population and urbanisation, as well as the decline in arable land, the demand for food products is putting a strain on current agricultural yield trends. The scenario is much more demanding in developing countries across regions such as Asia Pacific, Latin America, and Africa, where there is a greater emphasis on industrial development as a means of economic progress.

 

It is estimated that global demand for food and energy will increase by more than 50% over the next 20 years; this increase in food demand necessitates the use of fertilisers to help improve agricultural productivity and yield, thereby driving the market for complex fertilisers. Because horticulture crops are in high demand around the world, the use of complex fertilisers in these crops is gradually increasing. As the area of productive land under cultivation shrinks due to environmental degradation and population growth, fertiliser solutions are being developed to meet the growing demand for horticultural crops.