Rise in number of initiatives taken by the regional government and private institutions to create awareness among the
farmers about the benefits of fertilizer mixture is leading the expansion of market in the forecast period. Yet, lack of
availability and the awareness in the undeveloped and some of the emerging economies is restricting the market growth
at present. Considering the potential in market, numerous organizations are significantly investing to improve quality of
product by a large number of ventures and partnerships in the couple of years, fueling growth of the fertilizer mixture
market over the forecast period.
The market is broadly categorized into two major segments based on the application type such as open formula fertilizer
mixtures and closed formula fertilizer mixtures. The open formula fertilizer mixtures is considered as one of the fastest
growing segment in the market with substantial revenue generation in the last few years. Growing popularity of open
formula fertilizer mixtures segment is attributed to their customization in accordance with the type of soil. The closed
formula fertilizer mixtures segment has also witnessed substantial growth owing to increased awareness among farmers.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has
shown major growth in recent years owing to the rise in the implementation of latest technologies in the agriculture
sector, favorable government initiative & policies, and existence of well-established infrastructure.
Asia-Pacific region is predicted to hold major market share in the fertilizer mixture market with massive growth in
forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing
awareness among farmers, growing number of government initiatives such as tax exemption, increasing disposable
income, easy availability, and significant investment by leading industry players considering potential growth
opportunities in the region.
The key players in the fertilizer mixture market are Sumitomo Chemical Co., Mosaic Group AG, Gujarat State Fertilizers
and Chemicals Ltd., Bayer CropScience AG, Compass Minerals, Inc., Coromandel International Ltd., H.J. Baker & Bro
Inc., Dayal Group Co., and Henan Xinlianxin Fertilizer Co., Ltd.
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Market Segment:
The latest market data for this research include:
• Overall fertilizer mixture market size, 2011-2022
• Fertilizer mixture market size by product segment, 2011-2022
• Growth rates of the overall fertilizer mixture market and different product segments, 2011-2022
• Shares of different product segments of the overall fertilizer mixture market, 2011, 2017 and 2022