Portland, OR -- (SBWIRE) -- 09/27/2017 -- NPK is collective term utilized for fertilizers containing two or three fertilizer macronutrients that can cover several scores of formulation and distinctly different process types. These fertilizers help to increase the nutrient & water use efficiency and reduce application costs. In addition, their use increases crop quality and yields.
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Increase in demand for high-efficiency fertilizers, rise in adoption of precision farming, ease of use & application, and enhanced crop protection provided by NPK fertilizers are major factors that drive the market growth. In addition, surge in demand for NPK fertilizers has increased the overall agricultural output to meet the global food requirements, which fuels the market growth. However, problems in supply cycle, fluctuating storage & handling costs, inadequate knowledge among the farmers, and stringent regulatory framework associated with their production & use are some factors that limit market growth. Increase in adoption of NPK fertilizers in emerging economies is anticipated to provide lucrative opportunities for the market growth.
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Comprehensive competitive analysis and profiles of major market players provided in the report are as follows:
-Compo Expert GmbH
-EuroChem Agro GmbH
-Haifa Chemicals Ltd.
-Helena Chemical Co.
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