South Korea Complex Fertilizers Market Size, Share, and COVID-19 Impact Analysis, By Type (Complete Complex Fertilizers and Incomplete Complex Fertilizers), By Form (Granular and Liquid), and South Korea Complex Fertilizers Market Insights, Industry Trend, Forecasts to 2035

South Korea Complex Fertilizers Market Insights Forecasts to 2035

• The South Korea Complex Fertilizers Market size is Expected to Grow at a CAGR of around 5.6% from 2025 to 2035
• The South Korea Complex Fertilizers Market size is expected to hold a significant Share by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Complex Fertilizers Market is anticipated to grow at a CAGR of 5.6% from 2025 to 2035. The market is driven by increasing demand for balanced nutrient solutions to improve crop yield and soil health, alongside government support for sustainable and precision agriculture practices.

Market Overview

South Korean market for compound fertilizers consists of fertilizers that contain two or more of the main nutrients such as nitrogen, phosphorus, and potassium. They are either complete (e.g., NPK) or incomplete (NP or PK), and they allow plants to grow more as they provide them with balanced nutrition. The South Korean market for the same is expanding with more farmers willing to seek ways of increasing crop yields and the quality of the soil. The government is also promoting the adoption of newer, environment-friendly agricultural methods through subsidy and incentive. Advanced fertilizers are in most demand in greenhouse cultivation as well as in fruit and vegetable farming, where crops require the ideal combination of nutrients. With more emphasis on quality food as well as intelligent cultivation practices such as drip irrigation and fertigation, these fertilizers will continue to be in demand. Farmers are also gaining more knowledge on how such fertilizers can assist them in cultivating healthier and improved crops.

Report Coverage

This research report categorizes the market for the South Korea complex fertilizers market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea complex fertilizers market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea complex fertilizers market.

Driving Factors

South Korean market for complex fertilizers is driven by the need for higher crop yields and healthier soil. Balanced nutrition solutions are being sought by farmers to satisfy growing food demand and optimize scarce land resources. Precision and sustainable agriculture are being encouraged by government-provided subsidies and training. And growth in high-value crops and green house farming is fueling demand for blended fertilizers tailored to specific needs. Improved technology in application technology such as drip irrigation is also expanding market size.

Restraining Factors

The market is restrained by obstacles that are related to excessive production and sale costs of advanced fertilizers, which are out of reach for small farmers. Reliance on foreign raw materials makes the market vulnerable to price and supply threats. Lack of awareness and training regarding their proper use also lowers their efficiency and utilization.

Market Segmentation

The South Korea complex fertilizers market share is classified into type and form.

• The complete complex fertilizers segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea complex fertilizers market is segmented by type into complete complex fertilizers and incomplete complex fertilizers. Among these, the complete complex fertilizers segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to their well-balanced nutrient composition (NPK), which is able to sustain varieties of crops as well as assist towards increased productivity, particularly in commercial as well as high-value crop production.

• The granular segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea complex fertilizers market is segmented by form into granular and liquid. Among these, the granular segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to its simplicity of application, stability of storage, and affordability. It is mostly used in open-field cultivation, while liquid fertilizers are increasingly utilized in greenhouse and precision agriculture production.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea complex fertilizers market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• LG Chem Ltd.
• NongHyup Chemical
• Namhae Chemical Corporation
• Yara Korea Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea complex fertilizers market based on the below-mentioned segments:

South Korea Complex Fertilizers Market, By Type

• Complete Complex Fertilizers
• Incomplete Complex Fertilizers

South Korea Complex Fertilizers Market, By Form

• Granular
• Liquid