Multi-Nutrient Fertilizer Market Trends, Growth and Future Forecast to 2028
Rockville, MD -- (SBWire) -- 08/17/2018 --Fertilizers and pesticides are the major inputs that are required. The recent decade has shown an immense growth in the fertilizer market. For the past 50 years, the chemical fertilizers and pesticides played a major role in the agriculture field. In recent years the agrochemicals were used immensely for obtaining higher yield. The quality of the products can be altered by regulating the mineral supplies through fertilization. Fertilizers are widely classified as single-nutrient fertilizer and multi-nutrient fertilizer. The single-nutrient fertilizers are the ones which have one single nutrient and will supply the same. Ammonia and happens to be a major source of nitrogen, which helps in the supply of necessary protein requirements to the soil. Sometimes urea acts as an alternative source of nitrogen, which has an advantage of being non-explosive and solid, unlike ammonium nitrate and ammonia. Since there is only one source of nutrient produced by the single-nutrient fertilizer, growers have switched to use the multi-nutrient fertilizer which will supply two or more nutrient components like Nitrogen, Potassium, and Phosphorous. These are the major nutrient supplies that are needed by the soil and the plants in order to grow as nitrogen helps in producing proteins to the soil, potassium helps in the regulation of plants, soil metabolism and phosphorous helps in the development of new roots in plants. All these nutrients will help in proper yield as they play a very major role in soil management and growth of the plants. Among growers, there is a huge demand for the multi-nutrition fertilizer for its nature.
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Reasons for covering Multi-nutrient Fertilizer market title:
A major factor that affects the establishment of crops and plants is the availability of soil nutrients. Considering this factor, fertilizers are made in order to satisfy the necessary soil and plant requirements. The usage of single-nutrient fertilizer will require more number of application to the soil in order to supply all the nutritional requirements, but multi-nutrient fertilizer will provide all the nutrients such a nitrogen, potassium, phosphorous, zinc, magnesium, calcium, ferrous, manganese and copper that are required by the plant and the soil according to the crop and soil type. The multi-nutrient fertilizer makes the nutrients available in an easily digestible form and revitalizes the growth of the microorganism which will help in the soil fertility. Each nutrient plays a major role in the growth of the plant and the soil improvement. The multi-nutrient fertilizer is considered to be very vital for the plant life, owing to the improvement in the soil fertility. The multi-nutrient fertilizer is cost-effective and easy-to-apply. These characteristics of multi-nutrient fertilizer creates a demand among the growers for multi-nutrient fertilizer. Globally, there will be a good market growth for the multi-nutrient fertilizer if the growers start using multi-nutrient fertilizer instead of the single-nutrient fertilizers.
Global Multi-nutrient fertilizer market: Market Segmentation
On the basis of Sources, the global Multi-nutrient fertilizer market has been segmented as
Natural/Organic Multi-Nutrient Fertilizer
Conventional Multi-Nutrient Fertilizer
On the basis of Form, the global Multi-nutrient fertilizer market has been segmented as
On the basis of Crop Type, the global Multi-nutrient fertilizer market has been segmented as
Cereals and Grains
Fruits and Vegetables
Oil seeds and Pulses
On the basis of Product Type, the global Multi-nutrient fertilizer market has been segmented as
Nitrogen-potassium Multi-Nutrient Fertilizer
Nitrogen-phosphorous Multi-Nutrient Fertilizer
Nitrogen-potassium-phosphorous Multi-Nutrient Fertilizer
Potassium-Humate Multi-Nutrient Fertilizer
Other Multi-Nutrient Fertilizer
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On the basis of Region, the global Multi-nutrient fertilizer market has been segmented as
Global Multi-nutrient fertilizer market: Key players
Some of the key players operating in the global Multi-nutrient fertilizer market are Aries Agro Limited., Agrium, Inc., CF Industries, Uralkali, The Mosaic Company, Mahadhan, Syngenta AG., Agro Liquid, SQM, Haifa Group, Israel Chemicals Ltd., Potash Corporation of Saskatchewan, Inc., Israel AGRI among other multi-nutrient fertilizer players
Key Developments in the Multi-nutrient fertilizer market:
In the year 2017, ISREAL AGRI is a multi-nutrient fertilizer manufacturer, launched all its new innovations and also the new products at the Arava Open Day. The new products were mostly multi-nutrient fertilizers and pesticides for the plants and the soil. The new products also consist of organic multi-nutrient fertilizer. This launch will create an awareness among the growers regarding the advantages of using a multi-nutrient fertilizer over a single nutrient fertilizer.
Opportunities for market participants in Multi-nutrient fertilizer:
The possibility for the growth of Multi-nutrient fertilizer in the market is quite high. It has a high potential driven by various factors which can increase the purchase of Multi-nutrient fertilizer to a certain level. So there is high market potential for the Multi-nutrient fertilizer in the market.
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