South Korea Compound Fertilizer Market Size, Share, and COVID-19 Impact Analysis, By Type (Two-Element Compound Fertilizer and Three-Element Compound Fertilizer), By Application (Rice, Wheat, Corn, Fruit, and Others), and South Korea Compound Fertilizer Market Insights, Industry Trend, Forecasts to 2035

South Korea Compound Fertilizer Market Insights Forecasts to 2035  

• The South Korea Compound Fertilizer Market size is Expected to Grow at a CAGR of around 4.9% from 2025 to 2035 

• The South Korea Compound Fertilizer Market size is expected to hold a significant Share by 2035 

According to a research report published by Spherical Insights & Consulting, the South Korea Compound Fertilizer Market is anticipated to grow at a CAGR of 4.9% from 2025 to 2035. The market is driven by increasing demand for high-yield crops, government support for modernized farming, and growing awareness of soil health and nutrient management.

Market Overview  

The South Korean market for compound fertilizers is slowly increasing as a result of the country's need to maintain high farm yields based on limited cultivable land. Compound fertilizers are carefully formulated mixes of nitrogen, phosphorus, and potassium designed to meet crop-specific nutritional needs. South Korea's farm policy is centered upon food production self-sufficiency and soil fertility, especially for the crops rice, vegetables, fruit trees, and tobacco. Government-sponsored subsidies and agri-innovation initiatives have popularized compound fertilizers among commercial farms as well as specialty crop producers. Controlled-release and green blends are being utilized increasingly as agriculture becomes increasingly sustainable.

Report Coverage 

This research report categorizes the market for the South Korea compound fertilizer 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 compound fertilizer 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 compound fertilizer market.  

Driving Factors 

A key driver of growth is government support through subsidies and pro-policies of support that encourage the use of advanced fertilizer formulations. These include compound fertilizers that are specialized for balanced nutrition and environmental sustainability. Encouragement of higher yields of crops and precision farming also accelerates demand for multi-element formulations like NPK fertilizers.

Restraining Factors 

The shrinking number of farmers and the scarcity of arable land. Compound fertilisers are only used for certain crops, such as rice and horticulture, because South Korea's agricultural sector is largely dependent on imports for crops like corn and wheat. Smallholder farmers' adoption of modern compound fertiliser formulations may be deterred by their high cost.

Market Segmentation 

The South Korea compound fertilizer Market share is classified into type and end-use. 

• The three-element compound fertilizer segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The South Korea compound fertilizer market is segmented by type into two-element compound fertilizer, three-element compound fertilizer. Among these, the three-element compound fertilizer segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental expansion can be attributed to their balanced nutritional profile, compatibility for main crops including rice, vegetables, and fruit trees, and growing popularity from precision farming techniques, three-element (NPK) compound fertilisers are the most used variety in South Korea.

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

The South Korea compound fertilizer market is segmented by application into rice, wheat, corn, fruit trees, vegetables, tobacco, and others. Among these, the rice segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Compound fertilisers are most commonly employed in rice agriculture to sustain yields and soil fertility because South Korea is essentially self-sufficient in rice production (although still severely relying on imports for wheat and corn).

Competitive Analysis: 

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea compound fertilizer 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 

• LUXI
• STANLEY
• KINGENTA
• Canpotex
• Terra
• Agrium
• 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 compound fertilizer market based on the below-mentioned segments: 

South Korea Compound Fertilizer Market, By Type

• Two-Element Compound Fertilizer
• Three-Element Compound Fertilizer

South Korea Compound Fertilizer Market, By Application

• Rice
• Wheat
• Corn
• Fruit
• Others