Asia Pacific Fertilizers Market is set to grow at a CAGR of 4 % during the forecast period.
Increasing population and declining arable lands are driving the fertilizers market in the Asia Pacific. Increased awareness among the farming community, increasing demand for food grains, need for better land use efficiency are some other factor accelerating the fertilizers market. Value-added fertilizers are set to drive growth. Toxicity, contamination and low adaptability to changing practices are restraining the market growth. Preference for healthy and nutrient-rich food, product Innovations and multi-functional fertilizers possess an opportunity to market.
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Nitrogenous is dominating segment of fertilizers market. Nitrogenous fertilizers include Urea, calcium ammonium nitrate (CAN), ammonium nitrate, ammonium sulfate, ammonia and other. Phosphatic is the second largest segment of Asia Pacific fertilizers market. Phosphatic fertilizers include mono-ammonium phosphate (MAP), di-ammonium phosphate (DAP), triple superphosphate (TSP), other phosphatic fertilizers. Nitrogenous fertilizers increase cytokinin production, which subsequently affects cell wall elasticity, the number of meristematic cells, and cell growth.
Cereals and grain are traditional diets in the Asia Pacific. Cereals and grain hold more than two-thirds share of the overall Asia Pacific fertilizers market. Oilseed and pulses are the second largest segment of Asia Pacific fertilizers market.
Fertiliser market size in India is booming owing to the large agriculture and increasing size of the potential consumer base. Demand for food is increasing due to the growing population and with the limited land available, the use of fertilizers is expected to grow.
BASF SE, Croplife International, Dowdupont, Fmc Corporation and Yara International are leading players of Asia Pacific fertilizers market.
The report covers the market for fertilizer in the Asia Pacific and the impact of the different market factors, such as drivers, restraints, and opportunities, challenges key issues SWOT analysis, and technology forecasting is also illustrated in the report. Moreover, the report also covers import/export data across all major regions covered in this report.
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Scope of the Asia-Pacific Fertilizers Market
Asia-Pacific Fertilizers Market, by Product:
Asia-Pacific Fertilizers Market, by Application:
Grain and cereals
Fruits and Vegetables
Asia-Pacific Fertilizers Market, by Region:
Key Player analyzed in the Report:
SinofeRT Holding Ltd.
Terra Nitrogen Company
Eurochem Agro Gmbh
Haifa Chemicals Ltd.
Compo Gmbh & Co. KG
Hif Tech Marketing Sdn. Bhd.
Shikefeng Chemical Industry Co. Ltd.
Kingenta Ecological Engineering Group Co. Ltd.
Central Glass Co. Ltd.
Greenfeed Agro Sdn Bhd
Hanfeng Evergreen Inc.