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Increased crop output, such as rice, wheat, and corn, is likely to promote compound fertiliser manufacturing innovation, propelling the market throughout the projection period.

The global compound fertilizer market 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 global compound fertilizers market size is expected to reach $11.06 billion in 2027 at a CAGR of 6.0%.

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Global Compound Fertilizer Market Segments Include:

• By Type: Two-Element Compound Fertilizer, Three-Element Compound Fertilizer
• By Application: Rice, Wheat, Corn, Fruit Trees, Vegetables, Tobacco, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global compound fertilizer market in 2021.

Major Market Players in the compound fertilizer market include Hanfeng Evergreen, Kingenta Ecological Engineering Co Ltd., Luxi Chemical Group Co Ltd., Stanley Fertilizer Co. Ltd., WengFu Group, Hubei Xinyangfeng Fertilizer Industry Co Ltd.

Compound fertiliser investments are a crucial trend that is gaining traction in the compound fertiliser market. Major research institutions and corporations are investing in compound fertilisers to help the market grow. For example, in August 2022, the Georgia Institute of Technology, a public university in the United States, will invest $26 million in the development of new technology and programmes to absorb, recycle, and manufacture decarbonized nitrogen-based fertilisers (NBFs) from nitrogen cycle pollutants, transforming America into a nitrogen cycle economy. Furthermore, the Industrial Development Corporation, an African government corporation, invested $31 million in Nitrogen Chemicals of Zambia (NCZ), its subsidiary, in June 2021 to support the production of fertilisers, including compound fertilisers, and reduce the need for imports.

The Compound Fertilizer Global Market Report 2023 provides a compound fertilizer market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The compound fertilizer market forecast analyzes compound fertilizer market size, compound fertilizer market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Compound fertilisers are fertilisers that include two or more essential plant nutrients in a single fertiliser and are applied to the soil or directly to the plant in order to maintain or improve fertility and produce high-quality harvests.

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