Asia Pacific (APAC) Fertilizer Market (2020-2026)

Asia Pacific fertilizer market is anticipated to witness growth over the upcoming years. The primary aspects driving the market are technological innovations in the fertilizer market, growth in the demand for micronutrient fertilizer coupled with a decrease in per capita arable land, and an increase in demand for food. High production cost and rising demand for biofertilizers are hampering the growth of the market. Moreover, the outbreak of the COVID-19 pandemic has impacted various industries along with this market due to disruption in production and supply.

According to 6Wresearch, Asia Pacific Fertilizer Market is anticipated to register significant growth during 2020-2026. Based on countries, China is expected to dominate the fertilizer market in Asia Pacific as China is the largest consumer for this market in the region. Numerous Chinese imperial edicts stated: “Agriculture is the foundation of this empire,” while the foundation of agriculture was the Five Grains.

Based on types, the fertilizer market is categorized into Straight Fertilizers and Complex Fertilizers. In Asia pacific fertilizer market, the population in Asia Pacific region is increasing at a rapid rate. The increasing population coupled with growing demand for food are expected to boost the fertilizer market in Asia Pacific.  Supplying food to this mounting population has become a threat. On the other hand, arable land is declining, owing to urbanization and industrialization. Fertilizers have been used for a long time to upsurge the productivity of crops. This ample and balanced use of fertilizer is expected to help in feeding the surging population from the available cultivable land. Hence, the key aspects driving the demand for fertilizers include the need for crop intensification while pursuing progressively sustainable practices and seeking biological alternatives to fuel production with lessened pressure on the environment to shut the yield gap.

Asia Pacific Fertilizer market report thoroughly covers the market by type, crop type and countries including China, Japan, India, Indonesia, Australia, Thailand and the rest of Asia Pacific. Asia Pacific Fertilizer Market outlook report provides an unbiased and detailed analysis of the on-going Asia Pacific Fertilizer Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Asia Pacific fertilizer Market is projected to gain momentum in the forthcoming years backed by increased potential growth of the agriculture sector. Further, based on the countries, China is estimated to generate high sales revenues in the market as the country has sufficient arable land along with the rise in the production of agricultural food such as rice, wheat, and maize on large scale, these are the top staple food consumed domestically. These factors are estimated to instigate the harvesting process and this is estimated to boost the substantial growth of the China fertilizer market which is further resulting in the growth of the Asia Pacific fertilizer market in the coming timeframe. 

Key Highlights of The Report

• Asia Pacific Fertilizer Market Outlook
• Asia Pacific Fertilizer Market Overview
• Asia Pacific Fertilizer Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Asia Pacific Fertilizer Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Crop Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Regions
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Korea Fertilizer Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for China Fertilizer Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Japan Fertilizer Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for India Fertilizer Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Asia Pacific Fertilizer Market
• Market Drivers and Restraints
• Asia Pacific Fertilizer Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Fertilizer Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Type:
• Complex Fertilizer
• Straight Fertilizer
• By Crop Type:
• Commercial Crops
• Fruits and Vegetables
• Cereals and Grains
• Pulses and Oilseeds
• Others 
• By Regions:
• South Korea
• China
• Japan
• India
• Rest of Asia Pacific

The Asia Pacific (APAC) fertilizer market is driven mainly by the increasing demand for fertilizers in agriculture and other industries. The growth of green economies is also fueling the growth of the fertilizer market. Additionally, the growth is owing to increasing demand from emerging economies, increasing adoption of crop technologies, and rising application in North America. Additionally, emerging economies are fueling the growth of the fertilizer market as they are increasingly adopting agriculture that requires use of fertilizers. Increasing crop technologies such as precision agriculture and GMO crops are also driving the demand for fertilizers. APAC is one of the fastest-growing markets for fertilizers owing to increasing adoption of green infrastructure initiatives. However, the fertilizer market is witnessing several challenges such as water scarcity, increasing cost of raw materials, and increase in product price. The rising demand for food grains and vegetables is also hampering the growth of the fertilizer market. Further, the Southeast Asia region is expected to grow at the highest rate during the forecast period due to increase in manufacturing sectors and rapid urbanization.

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