Asia-Pacific Fertilizers Market - Growth, Trends, and Forecast (2019 - 2024)

Market Overview

The Asia-Pacific fertilizers market was valued at USD 8.87 billion in 2018, and it is expected to register a CAGR of 6.9% during the forecast period (2019-2024).

– In the Asia-Pacific fertilizers market, China is the largest consumer of fertilizers accounting for 52% of the total market.

– The major factors driving the market are technological innovations in the fertilizer market, growth in the demand for micronutrient fertilizer, decrease in per capita arable land, and increase in demand for food.

– High production cost and growing demand for biofertilizers are restraining the growth of the market.

Scope of the Report

The study analyzes the current scenario of the Asia-Pacific fertilizers market. It covers extensive segmentation on product type and by country, along with forecast up to 2023. In addition to this, an overview of the key players in the Asia-Pacific fertilizers market is also included in the report. The report also includes regulatory analysis and detailed value chain analysis of the countries in the Asia-Pacific region.

Key Market Trends

Decreasing Per Capita Arable Land and Increasing Demand for Food

Population in the Asia-Pacific region is increasing at a rapid rate. This growing population is adding to the food demand. Supplying food to this growing population has become a threat. On the other hand, arable land is declining, due to industrialization and urbanization. Fertilizers have been used for a long time to increase the productivity of crops. This adequate and balanced use of fertilizer may help in feeding the growing population from the available cultivable land. Hence, the major factors driving the demand for fertilizers include the need for crop intensification while pursuing increasingly sustainable practices, and seeking biological alternatives to boost production with decreased pressure on the environment to close the yield gap.

China Dominates the Asia-Pacific Fertilizers Market

China feeds 22% of the world’s population with merely 12.68% of the arable land. The major crops that are grown in China are rice, wheat, potatoes, corn, peanuts, tea, millet, barley, apples, cotton, and oilseed. According to the China Agriculture Industry Development report, China has a goal to become self-sufficient in staple foods, like rice, corn, and wheat, by 2035. The government ensures a minimum price for the grains and provides storage for them in the government silos. Farmers in the country are also using fertilizers and pesticides to increase the production. The most important agricultural area in the country is the North China Plain, which extends across several provinces. China is the largest consumer of fertilizers in the Asia-Pacific region and represented around 52% share in the Asia-Pacific fertilizers market in 2017.

Competitive Landscape

The Asia-Pacific fertilizers market is highly fragmented with the top five market players cornering very minimal share in the market. The development of regional markets and increasing shares of local players in the foreign direct investment are the major factors promoting the fragmented nature of the market. Maximum competitor activities are recorded in Indonesia and China. 

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– The market estimate (ME) sheet in Excel format

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– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter’s Five Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Buyers

4.4.3 Threat of New Entrants

4.4.4 Threat from Substitute Products

4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Nitrogenous

5.1.1.1 Urea

5.1.1.2 Calcium Ammonium Nitrate (CAN)

5.1.1.3 Ammonium Nitrate

5.1.1.4 Ammonium Sulfate

5.1.1.5 Anhydrous Ammonia

5.1.1.6 Other Nitrogenous Fertilizers

5.1.2 Phosphatic

5.1.2.1 Monoammonium Phosphate (MAP)

5.1.2.2 Diammonium Phosphate (DAP)

5.1.2.3 Triple Superphosphate (TSP)

5.1.2.4 Other Phosphatic Fertilizers

5.1.3 Potassic

5.1.3.1 Muriate of Potash (MOP)

5.1.3.2 Other Potassic Fertilizers

5.1.4 Other Types

5.2 Application

5.2.1 Grains and Cereals

5.2.2 Pulses and Oilseeds

5.2.3 Fruits and Vegetables

5.2.4 Plantation Crops

5.2.5 Other Crops

5.3 Geography

5.3.1 Asia-Pacific

5.3.1.1 China

5.3.1.2 Japan

5.3.1.3 India

5.3.1.4 Australia

5.3.1.5 Indonesia

5.3.1.6 Vietnam

5.3.1.7 Thailand

5.3.1.8 Philippines

5.3.1.9 Rest of Asia-Pacific

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Mergers and Acquisitions

6.3 Company Profiles

6.3.1 China BlueChemical Ltd

6.3.2 Sinofert Holding Ltd

6.3.3 PT Petrokimia Gresik

6.3.4 Hubeu Xin Yanf Feng Fertilizer Industry Limited

6.3.5 Yara International

6.3.6 Groupe OCP

6.3.7 ICL- Israel Chemicals Ltd

6.3.8 Haifa Chemicals Ltd

6.3.9 PT Pupuk Iskandar Muda

6.3.10 PT Pupuk Kujang

6.3.11 PT Pupuk Kalimantan Timur

6.3.12 PT Pupuk Sriwidjaya Palembang

6.3.13 The Mosaic Company

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

Type

Nitrogenous

Urea

Calcium Ammonium Nitrate (CAN)

Ammonium Nitrate

Ammonium Sulfate

Anhydrous Ammonia

Other Nitrogenous Fertilizers

Phosphatic

Monoammonium Phosphate (MAP)

Diammonium Phosphate (DAP)

Triple Superphosphate (TSP)

Other Phosphatic Fertilizers

Potassic

Muriate of Potash (MOP)

Other Potassic Fertilizers

Other Types

Application

Grains and Cereals

Pulses and Oilseeds

Fruits and Vegetables

Plantation Crops

Other Crops

Geography

Asia-Pacific

China

Japan

India

Australia

Indonesia

Vietnam

Thailand

Philippines

Rest of Asia-Pacific