North America Complex Fertilizers Market Research Report – Segmented By Type, Crop Type, Form, And By Country (US, Canada, and Rest of North America) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2024 to 2029)

Updated On: June, 2024
ID: 6937
Pages: 145

North America Complex Fertilizers Market Size (2024 to 2029)

The North American complex fertilizers market size is expected to reach USD 17.02 billion in 2024 and reach USD 23.76 billion by 2029, growing at a CAGR of 6.9% from 2024 to 2029. It captures 22% 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.

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.

This research report, North America Complex Fertilizers Market, Segmented and sub-segmented into the following categories.

North America Complex Fertilizers Market Analysis By Type

  • (Diammonium phosphate, mono ammonium phosphate)
  • Mono potassium phosphate
  • Potassium nitrate

North America Complex Fertilizers Market Analysis By Crop Type

  • Cereals
  • Oilseeds
  • Fruits & vegetables
  • Others (turf & ornamentals, plantation crops,)

North America Complex Fertilizers Market Analysis By Form

  • Solid
  • Liquid

COUNTRY ANALYSIS

 

  • US
  • Canada
  • Mexico

It is the second largest in terms of market share. US is the leading market in this region.

KEY PLAYERS IN THE NORTH AMERICA COMPLEX FERTILIZERS MARKET

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).

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