Thursday, 1 December 2016

Fertilizer Mixtures Market-Size,Share,Trends and Forecast 2014-2020

A new research report by Transparency Market Research offers a comprehensive evaluation of the global Fertilizer Mixtures market. The study, titled Fertilizer Mixtures Market - Global Industry Analysis, Size, Share, Trends and Forecast 2014 - 2020, is available for sale on the firm’s website.

Fertilizer mixtures or mixed fertilizers are physical mixtures of straight fertilizers. Fertilizer mixtures contain two or three primary plant nutrients. Fertilizer mixtures 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 closed formula fertilizer mixtures, the ingredients of straight fertilizers utilized in mixtures are not disclosed by the manufacturers. In open formula fertilizer mixtures, the formulae of fertilizer mixture, in terms of kinds and quantity of the ingredients mixed are disclosed by the manufacturers. Different materials are ideally used for the production of fertilizer mixtures. According to their principle function in the fertilizer mixture, the materials can be classified either as suppliers of plant materials, conditioners, neutralizers of residual acidity, filler and secondary and micronutrients.

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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 be nitrogen and phosphorus fertilizer mixtures, phosphorus and potassium fertilizer mixtures diammonium hydrogen orthophosphate, fertilizer mixture tablets, ammonium dihydrogen orthophosphate, nitrate and phosphate fertilizer mixtures, nitrogen-phosphorus-potassium fertilizers, and other fertilizer mixtures in the market.

Using fertilizer mixtures has various advantages such as, all the required nutrients can be supplied at one time by the application of fertilizer mixtures and thus, time and laborers are saved. Usage of fertilizer mixture reduces storage and handling cost. Moreover, fertilizer mixtures help to incorporate micronutrients into the mixture. The fertilizer mixtures are in a better physical condition and are easier for application. It is possible to neutralize the residual acidity by using neutralizers in fertilizer mixtures. These factors can act as major drivers for global fertilizer mixtures market. Fertilizer mixtures have certain disadvantages. The cost of fertilizer mixtures is higher than the straight fertilizers. If only one nutrient is required by the crop, the fertilizer mixtures are not useful and sometimes farmers may add nutrients in excess or in limited quantity. These factors can act as restraining factors for the growth of fertilizer mixtures market.

The global fertilizer mixtures market is expected to grow at a double digit CAGR in the period from 2014 to 2020. Global demand for food is expected to rise in next few years. In the developing countries such as India, China, dietary pattern among the individual are undergoing a huge change. So the demand for food in this region is increasing day by day. To minimize this gap between the supply and demand of food, it is necessary to achieve maximum productivity with available resources. As a result Asia Pacific is projected to be the fastest growing market for fertilizer mixtures in the next six years. In the next few years, fertilizer mixtures probably will boost the agricultural productivity by fulfilling the damage caused by depletion of soil, shortage of land, and labor. North America is the second largest consumer of fertilizer mixtures. Production wise China is the leading producer of fertilizer mixtures followed by the U.S.

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Some of the major companies operating in the global fertilizer mixtures market are 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.

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