Singapore Fertilizer Market (2024-2030) | Analysis, Size, Revenue, Trends, Outlook, Industry, Forecast, Companies, Growth, Value & Share

Market Forecast By Type (Straight Fertilizers, Complex Fertilizers), By Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other) And Competitive Landscape
Product Code: ETC043207 Publication Date: Jul 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Singapore Fertilizer Market Competition 2023

Singapore Fertilizer market currently, in 2023, has witnessed an HHI of 1567, Which has decreased slightly as compared to the HHI of 1604 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Singapore Export Potential Assessment For Fertilizer Market (Values in USD Thousand)


Singapore Fertilizer Market Synopsis

The fertilizer market in Singapore is expected to grow at a CAGR of 2.5% from 2020 to 2026, due to increasing agricultural land and growing demand for food crops. The country imports most of its fertilizers from countries like China, Netherlands and India. Also, the government has implemented various policies such as tax rebates and subsidies for farmers in an effort to increase food production by providing better quality products. Moreover, factors such as lack of domestic production facilities and rising input costs have been impeding growth of the industry.

Market Drivers

Growing Agricultural Land: Increasing population along with rising income levels have led to an increased demand for food crops which has resulted into expansion of agricultural lands around the region thus driving growth of fertilizer market in Singapore over forecast period.Government Initiatives: The government provides incentives such as subsidized loans and tax benefits for establishing new farms or expanding existing ones which will further drive growth of the fertilizer market during forecast period.Technological Advancements & Innovations: Companies are investing heavily in developing innovative technologies that improve crop yields while reducing environmental damage caused by artificial fertilizers resulting into higher efficiency rates leading towards higher profits thus proving beneficial for overall development of agriculture sector which will propel growth rate over coming years.

Market challenges

High Cost Of Raw Materials And Inputs : Factors like high cost and availability limitations reduce profit margins making it difficult for companies operating within this space resulting into decreased investment opportunities hampering overall development prospects over forecasted timeframe. Lack Of Domestic Production Facilities : Most fertilizers imported into Singapore come from other countries due to lack local manufacturing capabilities resulting into costly import duties raising product prices consequently affecting profits discouraging foreign investments in long run thereby restraining business dynamics.

Key players

The Singapore fertilizer market is expected to witness significant growth during the forecast period, 2020-2026. Major players in the market include Olam Agro Singapore Pte Ltd., Yara International ASA, Wilmar International Limited, Sumitomo Corporation Asia & Oceania Pte. Ltd., Coromandel International Limited, and KPN Fertilizer Pte Ltd. These companies are engaged in research and development activities to develop innovative products for various applications. Additionally, these firms have established their presence across countries by setting up offices or establishing distribution networks to expand their customer base globally.

Covid-19 Impact

The pandemic has impacted all markets across world including fertilizer industry causing business disruptions mainly because lockdowns imposed on account containing spread hampered transportation networks disrupting supply chains negatively impacting operations.In addition, volatile economic conditions posed unfavorable pricing pressures on producers preventing them from investing capital resources henceforth delaying completion time frames on large scale projects hindering momentum gained previously.

Key Highlights of the Report:

  • Singapore Fertilizer Market Outlook
  • Market Size of Singapore Fertilizer Market, 2023
  • Forecast of Singapore Fertilizer Market, 2030
  • Historical Data and Forecast of Singapore Fertilizer Revenues & Volume for the Period 2020-2030
  • Singapore Fertilizer Market Trend Evolution
  • Singapore Fertilizer Market Drivers and Challenges
  • Singapore Fertilizer Price Trends
  • Singapore Fertilizer Porter's Five Forces
  • Singapore Fertilizer Industry Life Cycle
  • Historical Data and Forecast of Singapore Fertilizer Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of Singapore Fertilizer Market Revenues & Volume By Straight Fertilizers for the Period 2020-2030
  • Historical Data and Forecast of Singapore Fertilizer Market Revenues & Volume By Complex Fertilizers for the Period 2020-2030
  • Historical Data and Forecast of Singapore Fertilizer Market Revenues & Volume By Crop Type for the Period 2020-2030
  • Historical Data and Forecast of Singapore Fertilizer Market Revenues & Volume By Grains and Cereals for the Period 2020-2030
  • Historical Data and Forecast of Singapore Fertilizer Market Revenues & Volume By Pulses and Oilseeds for the Period 2020-2030
  • Historical Data and Forecast of Singapore Fertilizer Market Revenues & Volume By Commercial Crops for the Period 2020-2030
  • Historical Data and Forecast of Singapore Fertilizer Market Revenues & Volume By Fruits and Vegetables for the Period 2020-2030
  • Historical Data and Forecast of Singapore Fertilizer Market Revenues & Volume By Other for the Period 2020-2030
  • Singapore Fertilizer Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Crop Type
  • Singapore Fertilizer Top Companies Market Share
  • Singapore Fertilizer Competitive Benchmarking By Technical and Operational Parameters
  • Singapore Fertilizer Company Profiles
  • Singapore Fertilizer Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Singapore Fertilizer Market Overview

3.1 Singapore Country Macro Economic Indicators

3.2 Singapore Fertilizer Market Revenues & Volume, 2020 & 2030F

3.3 Singapore Fertilizer Market - Industry Life Cycle

3.4 Singapore Fertilizer Market - Porter's Five Forces

3.5 Singapore Fertilizer Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 Singapore Fertilizer Market Revenues & Volume Share, By Crop Type, 2020 & 2030F

4 Singapore Fertilizer Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Singapore Fertilizer Market Trends

6 Singapore Fertilizer Market, By Types

6.1 Singapore Fertilizer Market, By Type

6.1.1 Overview and Analysis

6.1.2 Singapore Fertilizer Market Revenues & Volume, By Type, 2020-2030F

6.1.3 Singapore Fertilizer Market Revenues & Volume, By Straight Fertilizers, 2020-2030F

6.1.4 Singapore Fertilizer Market Revenues & Volume, By Complex Fertilizers, 2020-2030F

6.2 Singapore Fertilizer Market, By Crop Type

6.2.1 Overview and Analysis

6.2.2 Singapore Fertilizer Market Revenues & Volume, By Grains and Cereals, 2020-2030F

6.2.3 Singapore Fertilizer Market Revenues & Volume, By Pulses and Oilseeds, 2020-2030F

6.2.4 Singapore Fertilizer Market Revenues & Volume, By Commercial Crops, 2020-2030F

6.2.5 Singapore Fertilizer Market Revenues & Volume, By Fruits and Vegetables, 2020-2030F

6.2.6 Singapore Fertilizer Market Revenues & Volume, By Other, 2020-2030F

7 Singapore Fertilizer Market Import-Export Trade Statistics

7.1 Singapore Fertilizer Market Export to Major Countries

7.2 Singapore Fertilizer Market Imports from Major Countries

8 Singapore Fertilizer Market Key Performance Indicators

9 Singapore Fertilizer Market - Opportunity Assessment

9.1 Singapore Fertilizer Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 Singapore Fertilizer Market Opportunity Assessment, By Crop Type, 2020 & 2030F

10 Singapore Fertilizer Market - Competitive Landscape

10.1 Singapore Fertilizer Market Revenue Share, By Companies, 2023

10.2 Singapore Fertilizer Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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