TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 STUDY SCOPE 15
1.4 YEARS CONSIDERED 16
1.5 CURRENCY CONSIDERED 17
1.6 UNITS CONSIDERED 17
1.7 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.2 PRIMARY DATA 19
2.1.2.1 Breakdown of primaries 20
2.1.2.2 Key industry insights 20
2.2 MARKET BREAKDOWN & DATA TRIANGULATION 21
2.3 MARKET SIZE ESTIMATION 22
2.3.1 BOTTOM-UP APPROACH 22
2.3.2 TOP-DOWN APPROACH 23
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 23
2.4.1 ASSUMPTIONS 23
2.4.2 LIMITATIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE OPPORTUNITIES IN THE COMPLEX FERTILIZERS MARKET 29
4.2 COMPLEX FERTILIZERS MARKET, BY FORM 29
4.3 ASIA-PACIFIC COMPLEX FERTILIZERS MARKET, BY COUNTRY & CROP TYPE 30
4.4 COMPLEX FERTILIZERS MARKET, BY TYPE 31
4.5 COMPLEX FERTILIZERS MARKET: MARKET SHARE OF TOP COUNTRIES 31
5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.2 MACRO INDICATORS 32
5.2.1 INCREASING WORLD POPULATION AND FOOD REQUIREMENT 32
5.2.2 LIMITED ARABLE LAND 33

5.3 MARKET DYNAMICS 34
5.3.1 MARKET DRIVERS 35
5.3.1.1 Better physical & chemical properties 35
5.3.1.2 Rapid growth in greenhouse production 35
5.3.1.3 Increasing crop demand for biofuel 35
5.3.1.4 Increasing crop demand for animal feed 36
5.3.2 RESTRAINTS 37
5.3.2.1 Growth of the organic fertilizers industry 37
5.3.2.2 Depressed commodity prices and lower farm incomes 37
5.3.3 OPPORTUNITIES 38
5.3.3.1 Strong progress in new & emerging markets 38
5.3.3.2 Growing market for fruits & vegetables 38
5.3.4 CHALLENGES 38
5.3.4.1 Fluctuations in raw material prices 38
5.3.4.2 Unfavorable regulatory stance 38
5.4 INDUSTRY TRENDS 39
5.4.1 VALUE CHAIN ANALYSIS 39
5.4.2 SUPPLY CHAIN ANALYSIS 40
6 COMPLEX FERTILIZERS MARKET, BY TYPE 42
6.1 INTRODUCTION 43
6.2 INCOMPLETE COMPLEX FERTILIZERS 43
6.2.1 DIAMMONIUM PHOSPHATE 44
6.2.2 MONOAMMONIUM PHOSPHATE 44
6.2.3 MONOPOTASSIUM PHOSPHATE 44
6.2.4 POTASSIUM NITRATE 44
6.3 COMPLETE COMPLEX FERTILIZERS 45
6.3.1 N.P.K (10-26-26) 46
6.3.2 N.P.K. (12-32-16) 46
6.3.3 N.P.K. (15-15-15) 46
7 COMPLEX FERTILIZERS MARKET, BY CROP TYPE 47
7.1 INTRODUCTION 48
7.2 CEREALS 48
7.2.1 CORN 49
7.2.2 WHEAT 49
7.2.3 RICE 50
7.2.4 OTHERS 50

7.3 OILSEEDS 50
7.3.1 SOYBEAN 51
7.3.2 CANOLA 51
7.3.3 OTHERS 51
7.4 FRUITS & VEGETABLES 52
7.5 OTHER CROP TYPES 53
8 COMPLEX FERTILIZERS MARKET, BY FORM 54
8.1 INTRODUCTION 55
8.2 SOLID 55
8.3 LIQUID 56
9 COMPLEX FERTILIZERS MARKET, BY REGION 57
9.1 INTRODUCTION 58
9.2 NORTH AMERICA 59
9.2.1 U.S. 63
9.2.2 CANADA 64
9.2.3 MEXICO 64
9.3 EUROPE 65
9.3.1 FRANCE 69
9.3.2 GERMANY 70
9.3.3 POLAND 71
9.3.4 SPAIN 71
9.3.5 REST OF EUROPE 72
9.4 ASIA-PACIFIC 73
9.4.1 CHINA 77
9.4.2 INDIA 78
9.4.3 JAPAN 79
9.4.4 AUSTRALIA 79
9.4.5 REST OF ASIA-PACIFIC 80
9.5 SOUTH AMERICA 81
9.5.1 BRAZIL 85
9.5.2 ARGENTINA 86
9.5.3 REST OF SOUTH AMERICA 86
9.6 REST OF THE WORLD (ROW) 87
9.6.1 SOUTH AFRICA 90
9.6.2 TURKEY 91
9.6.3 OTHERS IN ROW 91

10 COMPETITIVE LANDSCAPE 93
10.1 INTRODUCTION 93
10.2 COMPETITIVE LEADERSHIP MAPPING 93
10.2.1 VISIONARY LEADERS 93
10.2.2 DYNAMIC DIFFERENTIATORS 93
10.2.3 INNOVATORS 94
10.2.4 EMERGING COMPANIES 94
10.3 COMPETITIVE BENCHMARKING 95
10.3.1 STRENGTH OF PRODUCT PORTFOLIO 95
10.3.2 BUSINESS STRATEGY EXCELLENCE 96
10.4 MARKET SHARE ANALYSIS 97
*Top 25 companies analyzed for this study are - Acron (Russia), Agrium Inc. (Canada), Azomures (Romania), CF Industries Holdings, Inc. (U.S.), Coromandel International Limited (India), EuroChem Group AG (Switzerland), Gujarat State Fertilizers & Chemicals (India), Haifa Chemicals Ltd. (Israel), Hebei Monband Water Soluble Fertilizer Co., Ltd. (China), Helena Chemical Company (U.S.), HELM AG (Germany), Indian Farmers Fertilizer Cooperative Limited (India), Israel Chemicals Ltd. (Israel), J.R. Simplot Company (U.S.), Kugler Company (U.S.), OCP S.A. (Morocco), PhosAgro (Russia), Potash Corporation of Saskatchewan Inc. (Canada), Rashtriya Chemicals & Fertilizers Ltd. (India), SABIC (Saudi Arabia), Sociedad Química Y Minera De Chile SA (Chile), The Mosaic Company (U.S.), WengFu Group (China), Yara International ASA (Norway), Zuari Agro Chemicals Ltd. (India)
11 COMPANY PROFILES 98
(Business overview, Strength of product portfolio, Products offered, Business strategy excellence, Recent developments)*
11.1 AGRIUM INC. 98
11.2 CF INDUSTRIES HOLDINGS, INC 101
11.3 COROMANDEL INTERNATIONAL LTD. 104
11.4 EUROCHEM GROUP AG 107
11.5 HAIFA CHEMICALS LTD. 111
11.6 HELENA CHEMICAL COMPANY 114
11.7 ISRAEL CHEMICALS LIMITED 116
11.8 PHOSAGRO 120
11.9 POTASH CORPORATION OF SASKATCHEWAN INC. 124
11.10 SOCIEDAD QUÍMICA Y MINERA DE CHILE SA 127
11.11 THE MOSAIC COMPANY 130
11.12 YARA INTERNATIONAL ASA 133
11.13 ZUARI AGRO CHEMICALS LTD. 137
*Details on Business overview, Strength of product portfolio, Products offered, Business strategy excellence, Recent developments might not be captured in case of unlisted companies.

12 APPENDIX 140
12.1 DISCUSSION GUIDE 140
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 143
12.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 145
12.4 AVAILABLE CUSTOMIZATIONS 146
12.5 RELATED REPORTS 147
12.6 AUTHOR DETAILS 148


LIST OF TABLES

TABLE 1 WORLD PROTEIN PRODUCTION, FAO FORECAST UNTIL
2050 (MILLION METRIC TONS) 36
TABLE 2 COMPLEX FERTILIZERS MARKET SIZE, BY TYPE, 2015-2022 (THOUSAND TONS) 43
TABLE 3 INCOMPLETE COMPLEX FERTILIZERS MARKET SIZE, BY REGION,
2015–2022 (THOUSAND TONS) 44
TABLE 4 INCOMPLETE COMPLEX FERTILIZERS MARKET SIZE, BY TYPE,
2015–2022 (THOUSAND TONS) 45
TABLE 5 COMPLETE COMPLEX FERTILIZERS MARKET SIZE, BY REGION,
2015–2022 (THOUSAND TONS) 45
TABLE 6 COMPLETE COMPLEX FERTILIZERS MARKET, BY TYPE,
2015–2022 (THOUSAND TONS) 46
TABLE 7 COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 48
TABLE 8 COMPLEX FERTILIZERS FOR CEREALS MARKET SIZE, BY REGION,
2015–2022 (THOUSAND TONS) 49
TABLE 9 COMPLEX FERTILIZERS MARKET SIZE FOR CEREALS, BY TYPE,
2015–2022 (THOUSAND TONS) 50
TABLE 10 COMPLEX FERTILIZERS FOR OILSEEDS MARKET SIZE, BY REGION,
2015–2022 (THOUSAND TONS) 51
TABLE 11 COMPLEX FERTILIZERS FOR OILSEEDS MARKET SIZE, BY TYPE,
2015–2022 (THOUSAND TONS) 52
TABLE 12 COMPLEX FERTILIZERS FOR FRUITS & VEGETABLES MARKET SIZE, BY REGION, 2015–2022 (THOUSAND TONS) 52
TABLE 13 COMPLEX FERTILIZERS FOR OTHER CROP TYPES MARKET SIZE, BY REGION, 2015–2022 (THOUSAND TONS) 53
TABLE 14 COMPLEX FERTILIZERS MARKET SIZE, BY FORM, 2015–2022 (THOUSAND TONS) 55
TABLE 15 SOLID COMPLEX FERTILIZERS MARKET SIZE, BY REGION,
2015–2022 (THOUSAND TONS) 55
TABLE 16 LIQUID COMPLEX FERTILIZERS MARKET SIZE, BY REGION,
2015–2022 (THOUSAND TONS) 56
TABLE 17 COMPLEX FERTILIZERS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 58
TABLE 18 COMPLEX FERTILIZERS MARKET SIZE, BY REGION, 2015–2022 (THOUSAND TONS) 58
TABLE 19 NORTH AMERICA: COMPLEX FERTILIZERS MARKET SIZE, BY COUNTRY,
2015–2022 (USD MILLION) 61
TABLE 20 NORTH AMERICA: COMPLEX FERTILIZERS MARKET SIZE, BY COUNTRY,
2015–2022 (THOUSAND TONS) 61
TABLE 21 NORTH AMERICA: COMPLEX FERTILIZERS MARKET SIZE, BY TYPE,
2015–2022 (THOUSAND TONS) 61
TABLE 22 NORTH AMERICA: INCOMPLETE COMPLEX FERTILIZERS MARKET SIZE, BY TYPE, 2015–2022 (THOUSAND TONS) 62
TABLE 23 NORTH AMERICA: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 62
TABLE 24 NORTH AMERICA: COMPLEX FERTILIZERS MARKET SIZE, BY FORM,
2015–2022 (THOUSAND TONS) 63
TABLE 25 U.S.: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 63
TABLE 26 CANADA: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 64
TABLE 27 MEXICO: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 65
TABLE 28 EUROPE: COMPLEX FERTILIZERS MARKET SIZE, BY COUNTRY,
2015–2022 (USD MILLION) 67
TABLE 29 EUROPE: COMPLEX FERTILIZERS MARKET SIZE, BY COUNTRY,
2015–2022 (THOUSAND TONS) 67
TABLE 30 EUROPE: COMPLEX FERTILIZERS MARKET SIZE, BY TYPE,
2015–2022 (THOUSAND TONS) 68
TABLE 31 EUROPE: INCOMPLETE COMPLEX FERTILIZERS MARKET SIZE, BY TYPE,
2015–2022 (THOUSAND TONS) 68
TABLE 32 EUROPE: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 69
TABLE 33 EUROPE: COMPLEX FERTILIZERS MARKET SIZE, BY FORM,
2015–2022 (THOUSAND TONS) 69
TABLE 34 FRANCE: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 70
TABLE 35 GERMANY: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 70
TABLE 36 POLAND: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 71
TABLE 37 SPAIN: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 72
TABLE 38 REST OF EUROPE: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 72
TABLE 39 KEY CROPS CULTIVATED, BY COUNTRY/REGION 73
TABLE 40 ASIA-PACIFIC: COMPLEX FERTILIZERS MARKET SIZE, BY COUNTRY,
2015-2022 (USD MILLION) 75
TABLE 41 ASIA-PACIFIC: COMPLEX FERTILIZERS MARKET SIZE, BY COUNTRY,
2015-2022 (THOUSAND TONS) 75
TABLE 42 ASIA-PACIFIC: COMPLEX FERTILIZERS MARKET SIZE, BY TYPE,
2015–2022 (THOUSAND TONS) 76
TABLE 43 ASIA-PACIFIC: INCOMPLETE COMPLEX FERTILIZERS MARKET SIZE, BY TYPE,
2015–2022 (THOUSAND TONS) 76
TABLE 44 ASIA-PACIFIC: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015-2022 (THOUSAND TONS) 77
TABLE 45 ASIA-PACIFIC: COMPLEX FERTILIZERS MARKET SIZE, BY FORM,
2015–2022 (THOUSAND TONS) 77
TABLE 46 CHINA: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015-2022 (THOUSAND TONS) 78
TABLE 47 INDIA: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015-2022 (THOUSAND TONS) 78
TABLE 48 JAPAN: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015-2022 (THOUSAND TONS) 79
TABLE 49 AUSTRALIA: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015-2022 (THOUSAND TONS) 80
TABLE 50 REST OF ASIA-PACIFIC: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE, 2015-2022 (THOUSAND TONS) 80
TABLE 51 SOUTH AMERICA: COMPLEX FERTILIZERS MARKET SIZE, BY COUNTRY,
2015–2022 (USD MILLION) 83
TABLE 52 SOUTH AMERICA: COMPLEX FERTILIZERS MARKET SIZE, BY COUNTRY,
2015–2022 (THOUSAND TONS) 83
TABLE 53 SOUTH AMERICA: COMPLEX FERTILIZERS MARKET SIZE, BY TYPE,
2015–2022 (THOUSAND TONS) 83
TABLE 54 SOUTH AMERICA: INCOMPLETE COMPLEX FERTILIZERS MARKET SIZE, BY TYPE, 2015–2022 (THOUSAND TONS) 84
TABLE 55 SOUTH AMERICA: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 84
TABLE 56 SOUTH AMERICA: COMPLEX FERTILIZERS MARKET SIZE, BY FORM,
2015–2022 (THOUSAND TONS) 85
TABLE 57 BRAZIL: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 85
TABLE 58 ARGENTINA: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 86
TABLE 59 REST OF SOUTH AMERICA: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE, 2015–2022 (THOUSAND TONS) 87
TABLE 60 ROW: COMPLEX FERTILIZERS MARKET SIZE, BY COUNTRY,
2015–2022 (USD MILLION) 87
TABLE 61 ROW: COMPLEX FERTILIZERS MARKET SIZE, BY COUNTRY,
2015–2022 (THOUSAND TONS) 88
TABLE 62 ROW: COMPLEX FERTILIZERS MARKET SIZE, BY TYPE, 2015–2022 (THOUSAND TONS) 88
TABLE 63 REST OF THE WORLD: INCOMPLETE COMPLEX FERTILIZERS MARKET SIZE,
BY TYPE, 2015–2022 (THOUSAND TONS) 89
TABLE 64 ROW: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 89
TABLE 65 ROW: COMPLEX FERTILIZERS MARKET SIZE, BY FORM,
2015–2022 (THOUSAND TONS) 90
TABLE 66 SOUTH AFRICA: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 90
TABLE 67 TURKEY: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 91
TABLE 68 OTHERS IN ROW: COMPLEX FERTILIZERS MARKET SIZE, BY CROP TYPE,
2015–2022 (THOUSAND TONS) 92
TABLE 69 AGRIUM INC.: PRODUCTS OFFERED 99
TABLE 70 CF INDUSTRIES HOLDINGS, INC.: PRODUCTS OFFERED 102
TABLE 71 COROMANDEL INTERNATIONAL LTD: PRODUCTS OFFERED 105
TABLE 72 EUROCHEM GROUP AG: PRODUCTS OFFERED 108
TABLE 73 HAIFA CHEMICALS LTD.: PRODUCTS OFFERED 112
TABLE 74 HELENA CHEMICAL COMPANY: PRODUCTS OFFERED 114
TABLE 75 ISRAEL CHEMICALS LIMITED: PRODUCTS OFFERED 117
TABLE 76 PHOSAGRO : PRODUCTS OFFERED 121
TABLE 77 POTASH CORPORATION OF SASKATCHEWAN INC.: PRODUCTS OFFERED 125
TABLE 78 SOCIEDAD QUÍMICA Y MINERA DE CHILE SA: PRODUCTS OFFERED 128
TABLE 79 THE MOSAIC COMPANY: PRODUCTS OFFERED 131
TABLE 80 YARA INTERNATIONAL ASA: PRODUCTS OFFERED 134
TABLE 81 ZUARI AGRO CHEMICALS LIMITED: PRODUCTS OFFERED 138


LIST OF FIGURES

FIGURE 1 COMPLEX FERTILIZERS MARKET SEGMENTATION 15
FIGURE 2 GEOGRAPHIC SCOPE 16
FIGURE 3 COMPLEX FERTILIZERS MARKET: RESEARCH DESIGN 18
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,
AND REGION 20
FIGURE 5 DATA TRIANGULATION 21
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 22
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 23
FIGURE 8 OILSEEDS SEGMENT PROJECTED TO BE THE FASTEST-GROWING DURING
THE FORECAST PERIOD (2017-2022) 26
FIGURE 9 INCOMPLETE COMPLEX FERTILIZERS SEGMENT: MOST ATTRACTIVE FOR INVESTMENTS IN 2016 26
FIGURE 10 DIAMMONIUM PHOSPHATE INCOMPLETE COMPLEX FERTILIZERS SEGMENT PROJECTED TO ACCOUNT FOR THE LARGEST SHARE (2017-2022) 27
FIGURE 11 COMPLEX FERTILIZERS MARKET: SOLID SEGMENT TO BE THE MOST WIDELY USED FROM 2017 TO 2022 27
FIGURE 12 SOUTH AMERICA PROJECTED TO REGISTER THE HIGHEST GROWTH RATE,
2017–2022 28
FIGURE 13 ASIA-PACIFIC AND SOUTH AMERICA TO OFFER OPPORTUNITIES FOR GROWTH IN THE COMPLEX FERTILIZERS MARKET DURING THE FORECAST PERIOD 29
FIGURE 14 SOLID SEGMENT TO DOMINATE THE MARKET THROUGHOUT THE FORECAST PERIOD 29
FIGURE 15 CEREALS ACCOUNTED FOR THE LARGEST SHARE IN THE ASIA-PACIFIC COMPLEX FERTILIZERS MARKET IN 2016 30
FIGURE 16 INCOMPLETE COMPLEX FERTILIZERS TO DOMINATE THE MARKET IN 2017 31
FIGURE 17 CHINA DOMINATED THE COMPLEX FERTILIZERS MARKET IN 2016 31
FIGURE 18 GLOBAL POPULATION PROJECTED TO REACH ~9.5 BILLION BY 2050 33
FIGURE 19 ANNUAL AVAILABLE ARABLE LAND, 1950–2020 (HECTARES/PERSON) 33
FIGURE 20 COMPLEX FERTILIZERS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 34
FIGURE 21 BIOETHANOL TO DOMINATE THE BIOFUELS MARKET 36
FIGURE 22 U.S. COMMODITY PRICE FOR CROP PRODUCTION AND NET FARM INCOME,
2010-2017 (USD BILLION) 37
FIGURE 23 VALUE CHAIN ANALYSIS: COMPLEX FERTILIZERS MARKET 40
FIGURE 24 SUPPLY CHAIN: COMPLEX FERTILIZERS MARKET 41
FIGURE 25 NORTH AMERICA COMPLEX FERTILIZERS MARKET SNAPSHOT 60
FIGURE 26 EUROPEAN COMPLEX FERTILIZERS MARKET SNAPSHOT 66
FIGURE 27 ASIA-PACIFIC COMPLEX FERTILIZERS MARKET SNAPSHOT 74
FIGURE 28 SOUTH AMERICA: COMPLEX FERTILIZERS MARKET SNAPSHOT 82
FIGURE 29 COMPLEX FERTILIZERS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2016 94
FIGURE 30 COMPLEX FERTILIZERS MARKET: MARKET SHARE, 2016 97
FIGURE 31 AGRIUM INC.: COMPANY SNAPSHOT 98
FIGURE 32 CF INDUSTRIES HOLDINGS, INC.: COMPANY SNAPSHOT 101
FIGURE 33 COROMANDEL INTERNATIONAL LTD.: COMPANY SNAPSHOT 104
FIGURE 34 EUROCHEM GROUP AG: COMPANY SNAPSHOT 107
FIGURE 35 ISRAEL CHEMICALS LIMITED: COMPANY SNAPSHOT 116
FIGURE 36 PHOSAGRO : COMPANY SNAPSHOT 120
FIGURE 37 POTASH CORPORATION OF SASKATCHEWAN INC.: COMPANY SNAPSHOT 124
FIGURE 38 SOCIEDAD QUÍMICA Y MINERA DE CHILE SA: COMPANY SNAPSHOT 127
FIGURE 39 THE MOSAIC COMPANY: COMPANY SNAPSHOT 130
FIGURE 40 YARA INTERNATIONAL ASA: COMPANY SNAPSHOT 133
FIGURE 41 ZUARI AGRO CHEMICALS LIMITED: COMPANY SNAPSHOT 137