Asia Pacific Fertilizers Market is set to grow at a CAGR of 4% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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 factors 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.
Nitrogenous is the dominating segment of the fertilizers market. Nitrogenous fertilizers include Urea, calcium ammonium nitrate (CAN), ammonium nitrate, ammonium sulfate, ammonia, and others. Phosphatic is the second largest segment of the 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 the Asia Pacific fertilizers market.
Fertilizer 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 in the 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
by Product:
• Nitrogenous
• Phosphatic
• Potassic
• Other
by Application:
• Grain and cereals
• Fruits and Vegetables
• Rest (crops)
by Region:
• Australia
• China
• India
• Japan
• Others
Key Player Analyzed in the Report:
• BASF SE
• Croplife International
• Dowdupont
• Fmc Corporation
• Yara International
• Agrium
• Yara International
• SinofeRT Holding Ltd.
• Terra Nitrogen Company
• Potash Corp
• Sumitomo Chemical
• ATS Group
• 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.
• Nufarm Ltd.
• Central Glass Co. Ltd.
• Greenfeed Agro Sdn Bhd
• Hanfeng Evergreen Inc.
• AgroBridge
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