Albany, NY -- (SBWIRE) -- 05/19/2017 -- Global Fertilizer Mixtures Market: Overview
Fertilizer mixtures contain two or more primary plant nutrients. They are made by thoroughly mixing the ingredients either mechanically or manually. There are two types of fertilizer mixtures: open formula fertilizer mixtures and closed formula fertilizer mixtures. In the former, the ingredients of straight fertilizers utilized in mixtures are disclosed by the manufacturers, in terms of kinds and quantity of the ingredients mixed are disclosed by the manufacturers. Whereas in the latter, the formulae are kept undisclosed by the manufacturer to protect product originality. Different materials are ideally used for the production of fertilizer mixtures. According to their principle function in the fertilizer mixture, these materials can be classified either as suppliers of plant materials, conditioners, neutralizers of residual acidity, fillers, and secondary micronutrients.
The fertilizer mixtures can be of various types depending upon which straight fertilizers are mixed together to obtain fertilizer mixture. The various types of fertilizer mixtures can include nitrogen and phosphorus, phosphorus and potassium, di-ammonium hydrogen orthophosphate, fertilizer mixture tablets, ammonium dihydrogen orthophosphate, nitrate and phosphate fertilizer mixtures, and nitrogen-phosphorus-potassium fertilizers.
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Global Fertilizer Mixtures Market: Key Drivers and Trends
Using fertilizer mixtures can provide various advantages in agriculture, including the reduction in volume of the overall required nutrients that need to be supplied at one time, thus saving time and labor efforts. Usage of fertilizer mixtures also reduces the overall storage requirements and handling costs. Moreover, fertilizer mixtures help to incorporate micronutrients into the mixture. The fertilizer mixtures are in a better physical condition and are easy to apply. It is also possible to neutralize the residual acidity by using neutralizers in fertilizer mixtures. These factors are acting as the key drivers for global fertilizer mixtures market.
Fertilizer mixtures have certain disadvantages, the leading one being the high cost of fertilizer mixtures as compared to straight fertilizers. Additionally, if only one nutrient is required by the crop, fertilizer mixtures are not useful and sometimes farmers may add unwanted nutrients in excess or in provide the required one in limited quantity. These factors can act as restraining factors for the growth of the global fertilizer mixtures market.
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Global Fertilizer Mixtures Market: Region-wise Assessment
The global fertilizer mixtures market is expected to expand at a very high CAGR over the coming years owing to the increasing pressure on agriculture regarding the global demand for food. In the developing countries such as India and China, dietary patterns among the individuals are undergoing a swift change, consequently changing the overall demand for foods. To minimize this gap between the supply and demand, it is necessary to achieve the maximum productivity rate possible with the available resources. As a result, Asia Pacific is projected to be an extremely positive growth avenue for players in the global fertilizer mixtures market over the coming years. In the next few years, fertilizer mixtures are likely to boost the global agricultural productivity by compensating for the damage caused by depletion of soil, shortage of land, and labor. North America is the second in terms of demand for fertilizer mixtures. Production-wise, China is the leading producer of fertilizer mixtures in the world, followed by the U.S.
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Global Fertilizer Mixtures Market: Players Mentioned in the Report
Some of the top companies operating in the global fertilizer mixtures market to date, have included the names Gujarat State Fertilizers & Chemicals Ltd., The Mosaic Company, Agrichem do Brasil S.A., Bayer CropScience AG, Beijing Xinhefeng Agrochemical Co. Ltd., Coromandel International Limited, Compass Minerals, Sumitomo Chemical, DAYAL GROUP, Henan Xinlianxin Fertilizer Co. Ltd., and H.J. Baker & Bro., Inc.