Asia-Pacific Controlled Release Fertilizer Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 201.1 Million |
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Market Size (2030) | USD 304.8 Million |
|
Largest Share by Coating Type | Polymer Coated |
|
|
CAGR (2024 - 2030) | 7.17 % |
|
Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific Controlled Release Fertilizer Market Analysis
The Asia-Pacific Controlled Release Fertilizer Market size is estimated at 201.1 million USD in 2024, and is expected to reach 304.8 million USD by 2030, growing at a CAGR of 7.17% during the forecast period (2024-2030).
201.1 Million
Market Size in 2024 (USD)
304.8 Million
Market Size in 2030 (USD)
10.98 %
CAGR (2017-2023)
7.17 %
CAGR (2024-2030)
Largest Segment by Type
59.84 %
value share, Straight, 2023
Straight fertilizers are the most consumed fertilizer, as Nitrogen is the most yield-limiting nutrient for crop growth and farmers are highly adapted to its usage.
Largest Segment by Coating Type
76.07 %
value share, Polymer Coated, 2023
The Polymer coated fertilizer's capacity to increase the crop yields by 10-20% and its adjustable nutrient release is driving force behind the increasing demand.
Largest Segment by Crop Type
77.99 %
value share, Field Crops, 2023
Major field crops like rice, wheat, corn, and sugarcane require more nutrients than others and are needed throughout their life cycle, thus occupying higher market share.
Largest segment by Country
42 %
value share, China, 2023
The Government of China is conducting various awareness programs by organizing farmer meetings and field trials to alleviate the use of Controlled release fertilizers.
Leading Market Player
34.51 %
market share, ICL Group Ltd, 2022
Under controlled release fertilizers the company offers products like 46% N controlled release urea fertilizer and other blends of Nitrogen controlled release fertilizers.
China and India dominate the Asai-Pacific controlled-release fertilizers market
- During the study period, the market for polymer-coated controlled-release fertilizers experienced notable growth. By 2022, these fertilizers held a significant share of 76.0% in the overall controlled-release fertilizer (CRF) market in Asia-Pacific. The region's increasing emphasis on ecologically safe fertilizers is a key driver behind the surge in demand for new controlled-release options.
- The cultivation expansion of cereal and oilseeds, including corn, soybeans, and rapeseed, is propelling the market for poly-sulfur-coated urea. Moreover, excessive urea accumulation in soils has led to depletion, fueling the demand for poly-sulfur-coated controlled-release fertilizers. In addition, the market for poly-sulfur-coated CRFs is poised for growth, driven by factors like the rising demand for highly efficient and eco-friendly products. It is projected to achieve a value CAGR of 6.8% in the region between 2023-2030.
- In 2022, China dominated the market for other types of coated controlled-release fertilizers, commanding a 42.3% value share in the CRF market. Of these fertilizers, approximately 69.6% were utilized in field crops, with horticultural crops following suit.
- The use of chemical fertilizers has detrimental effects, including soil pH alteration, inhibition of microbial growth, and the release of greenhouse gases from excessive nitrogen application. These environmental concerns, coupled with escalating nutrient losses, are fueling the demand for alternative fertilizers. As a result, the market is projected to witness a CAGR of 6.2% in value during the period spanning from 2023 to 2030.
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China dominates the APAC controlled-release fertilizer market
- Approximately 70.0% of the population in the Asia-Pacific region depends directly on agriculture as the primary source of their livelihood. However, the region's agriculture sector is facing many issues in terms of low productivity.
- China dominates the APAC controlled-release fertilizer market, accounting for 43.8% of the market value share in 2022. Polymer-coated fertilizers accounted for the largest share of the controlled-release fertilizer market, followed by polymer sulfur-coated fertilizers. The polymer-coated fertilizer segment was valued at USD 17.9 million in 2017, and it is anticipated to reach USD 58.0 million by 2030, mainly due to increasing NUE by reducing fertilizer consumption by adopting CRFs.
- India is the region's second-largest market for controlled-release fertilizers, accounting for 16.6% in 2022. Controlled-release urea is the most commonly used form of CRF in India. Nitrogen loss is one of the main problems faced by rice farmers, and the efficiency of nitrogen utilization in rice is often inadequate. This is due to the large loss of nitrogen due to volatilization, leaching, and denitrification. One way to improve nitrogen efficiency is to use controlled-release urea. Controlled-release urea generally outperforms granular urea fertilizers in reducing nitrogen loss, stimulating plant growth, and increasing nitrogen concentration.
- In 2017, the International Plant Nutrition Institute of China conducted a controlled-release urea fertilizer Application Program in Hubei province. It was proven that the consistent use of CRU fertilizer helps improve the yield and profitability of major crops, such as rice and eggplant. Hence, the market is expected to grow in the future.
Asia-Pacific Controlled Release Fertilizer Market Trends
The significant expansion of cultivation of major growing crops is anticipated to boost the growth of the market
- Field crop cultivation dominates the region, accounting for more than 95% of the total crop area. Rice, wheat, and corn are the major field crops produced in the region, together accounting for about 38% of the total crop area in 2022. The rising area under cultivation is expected to increase the demand for fertilizer usage in the country.
- The Asia-Pacific region, which includes China, India, Pakistan, and Australia, is among the world's largest wheat producers. China and India are also the world's largest wheat producers and consumers. The increase in demand and consumption of wheat is due to wheat being one of the major staple foods of this region, and the area increased by a percentage point during the study period. In 2022, China accounted for the production of 138 million metric tons of wheat, making it the largest wheat producer in the world, and India had a wheat production of 103 million metric tons.
- Rice is the largest cultivated field crop in the region. Its cultivation alone accounted for about 16.44% of the total agricultural land in 2022. Rice is the staple food of Asia and most parts of the Pacific region. China was projected to produce 147 million tons of rice, and India was expected to harvest 124 million tons of rice in 2022. India was expected to consume 109 million tons while exporting a world-leading 19.5 million tons.
- The surge in both domestic and international demand for field crops has prompted an expansion in the cultivation area dedicated to these crops. This significant increase in cultivated land is expected to have a direct and positive impact on the Asia-Pacific CRF market from 2023 to 2030.
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About 28% of nitrous oxide emissions from croplands in the world are from China's agricultural lands
- In field crops, the average primary nutrient (nitrogen, potassium, and phosphorus) application rate in the country was 129.1 kg/ha in 2022. Nitrogen accounted for 58.5%, potassium for 25.3%, and phosphorus for 16.1% of the average primary nutrient application for field crops. Most primary nutrients were applied through the soil application method. Conventional soil-based primary macronutrient fertilizers accounted for 69.2% of the total primary macronutrient fertilizer market in 2022.
- In Asia, the primary nutrient input is high, particularly for nitrogenous and potassic fertilizers, because most soils in the region are deficient in nitrogen and potassic nutrients. However, Asia-Pacific, which is the largest region in the world in terms of land area and population, is also the largest producer and consumer of agrochemicals among all the regions worldwide. About 28% of nitrous oxide emissions from croplands worldwide are from China's agricultural lands.
- In field crops, wheat had an average primary nutrient application rate of 214.9 kg/ha, the highest among field crops in 2022. In primary nutrients, nitrogen occupies the first place with an average application rate of 448.5 kg/ha, as nitrogen is required in large amounts for plant metabolism. It is also a major component of chlorophyll and amino acids.
- The contamination of surface and groundwater with nitrogen and phosphorus has been considered a result of inadequate advice given to farmers regarding fertilizer application rates and a possible larger crop. However, the trend is shifting toward highly efficient fertilizers.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The growing demand for fruits and vegetables is driving the expansion of horticulture cultivation in the Asia-Pacific region
- The average primary macronutrient application rate in vegetable crops in China and Bangladesh is 1.60% higher than the average primary macronutrient application in Asia-Pacific
Asia-Pacific Controlled Release Fertilizer Industry Overview
The Asia-Pacific Controlled Release Fertilizer Market is fairly consolidated, with the top five companies occupying 81.47%. The major players in this market are Grupa Azoty S.A. (Compo Expert), Hebei Sanyuanjiuqi Fertilizer Co., Ltd., ICL Group Ltd, National Fertilizers Ltd and New Mountain Capital (Florikan) (sorted alphabetically).
Asia-Pacific Controlled Release Fertilizer Market Leaders
Grupa Azoty S.A. (Compo Expert)
Hebei Sanyuanjiuqi Fertilizer Co., Ltd.
ICL Group Ltd
National Fertilizers Ltd
New Mountain Capital (Florikan)
Other important companies include Haifa Group, Hebei Woze Wufeng Biological Technology Co., Ltd, Zhongchuang xingyuan chemical technology co.ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Controlled Release Fertilizer Market News
- February 2019: Haifa Group announced the opening of a new trading company in China. The establishment of the new Haifa subsidiary in China will enable the group to significantly expand its offerings to China agriculture sector.
- July 2018: Haifa Group introduces a novel a range of coated micronutrients, enabling an all-season complete nutrition. Based on Multicote™ technology, the coated micronutrients provide your crops with all the benefits of controlled release nutrition.
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Along with the report, We also offer a comprehensive and exhaustive data pack with 25+ graphs on area under cultivation and average application rate per hectare. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.
Asia-Pacific Controlled Release Fertilizer Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Acreage Of Major Crop Types
2.1.1. Field Crops
2.1.2. Horticultural Crops
2.2. Average Nutrient Application Rates
2.2.1. Primary Nutrients
2.2.1.1. Field Crops
2.2.1.2. Horticultural Crops
2.3. Regulatory Framework
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Coating Type
3.1.1. Polymer Coated
3.1.2. Polymer-Sulfur Coated
3.1.3. Others
3.2. Crop Type
3.2.1. Field Crops
3.2.2. Horticultural Crops
3.2.3. Turf & Ornamental
3.3. Country
3.3.1. Australia
3.3.2. Bangladesh
3.3.3. China
3.3.4. India
3.3.5. Indonesia
3.3.6. Japan
3.3.7. Pakistan
3.3.8. Philippines
3.3.9. Thailand
3.3.10. Vietnam
3.3.11. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Grupa Azoty S.A. (Compo Expert)
4.4.2. Haifa Group
4.4.3. Hebei Sanyuanjiuqi Fertilizer Co., Ltd.
4.4.4. Hebei Woze Wufeng Biological Technology Co., Ltd
4.4.5. ICL Group Ltd
4.4.6. National Fertilizers Ltd
4.4.7. New Mountain Capital (Florikan)
4.4.8. Zhongchuang xingyuan chemical technology co.ltd
5. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- CULTIVATION OF FIELD CROPS IN HECTARE, ASIA-PACIFIC, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, ASIA-PACIFIC, 2017 - 2022
- Figure 3:
- CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, ASIA-PACIFIC, 2022
- Figure 4:
- CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, ASIA-PACIFIC, 2022
- Figure 5:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 6:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 7:
- CRF FERTILIZER CONSUMPTION BY COATING TYPE IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 8:
- CRF FERTILIZER CONSUMPTION BY COATING TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 9:
- CRF FERTILIZER CONSUMPTION VOLUME BY COATING TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 10:
- CRF FERTILIZER CONSUMPTION VALUE BY COATING TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 11:
- POLYMER COATED CRF FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 12:
- POLYMER COATED CRF FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 13:
- POLYMER COATED CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 14:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 15:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 16:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 17:
- OTHERS CRF FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 18:
- OTHERS CRF FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 19:
- OTHERS CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 20:
- CRF FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 21:
- CRF FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 22:
- CRF FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 23:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 24:
- SPECIALITY FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 25:
- SPECIALITY FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 26:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 27:
- SPECIALITY FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 28:
- SPECIALITY FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 29:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 30:
- SPECIALITY FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 31:
- SPECIALITY FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 32:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 33:
- CRF FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 34:
- CRF FERTILIZER CONSUMPTION BY COUNTRY IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 35:
- CRF FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 36:
- CRF FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 37:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 38:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 39:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 40:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, BANGLADESH, 2017 - 2030
- Figure 41:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, BANGLADESH, 2017 - 2030
- Figure 42:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BANGLADESH, 2023 VS 2030
- Figure 43:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, CHINA, 2017 - 2030
- Figure 44:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, CHINA, 2017 - 2030
- Figure 45:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, CHINA, 2023 VS 2030
- Figure 46:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 47:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 48:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 49:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, INDONESIA, 2017 - 2030
- Figure 50:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, INDONESIA, 2017 - 2030
- Figure 51:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDONESIA, 2023 VS 2030
- Figure 52:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, JAPAN, 2017 - 2030
- Figure 53:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, JAPAN, 2017 - 2030
- Figure 54:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, JAPAN, 2023 VS 2030
- Figure 55:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, PAKISTAN, 2017 - 2030
- Figure 56:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, PAKISTAN, 2017 - 2030
- Figure 57:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PAKISTAN, 2023 VS 2030
- Figure 58:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 59:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, PHILIPPINES, 2017 - 2030
- Figure 60:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PHILIPPINES, 2023 VS 2030
- Figure 61:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, THAILAND, 2017 - 2030
- Figure 62:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, THAILAND, 2017 - 2030
- Figure 63:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, THAILAND, 2023 VS 2030
- Figure 64:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 65:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
- Figure 66:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 67:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 68:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 69:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 70:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2017 - 2030
- Figure 71:
- ASIA-PACIFIC CONTROLLED RELEASE FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 72:
- MARKET SHARE OF MAJOR PLAYERS IN %, ASIA-PACIFIC, 2022
Asia-Pacific Controlled Release Fertilizer Industry Segmentation
Polymer Coated, Polymer-Sulfur Coated, Others are covered as segments by Coating Type. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Australia, Bangladesh, China, India, Indonesia, Japan, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.
- During the study period, the market for polymer-coated controlled-release fertilizers experienced notable growth. By 2022, these fertilizers held a significant share of 76.0% in the overall controlled-release fertilizer (CRF) market in Asia-Pacific. The region's increasing emphasis on ecologically safe fertilizers is a key driver behind the surge in demand for new controlled-release options.
- The cultivation expansion of cereal and oilseeds, including corn, soybeans, and rapeseed, is propelling the market for poly-sulfur-coated urea. Moreover, excessive urea accumulation in soils has led to depletion, fueling the demand for poly-sulfur-coated controlled-release fertilizers. In addition, the market for poly-sulfur-coated CRFs is poised for growth, driven by factors like the rising demand for highly efficient and eco-friendly products. It is projected to achieve a value CAGR of 6.8% in the region between 2023-2030.
- In 2022, China dominated the market for other types of coated controlled-release fertilizers, commanding a 42.3% value share in the CRF market. Of these fertilizers, approximately 69.6% were utilized in field crops, with horticultural crops following suit.
- The use of chemical fertilizers has detrimental effects, including soil pH alteration, inhibition of microbial growth, and the release of greenhouse gases from excessive nitrogen application. These environmental concerns, coupled with escalating nutrient losses, are fueling the demand for alternative fertilizers. As a result, the market is projected to witness a CAGR of 6.2% in value during the period spanning from 2023 to 2030.
| Coating Type | |
| Polymer Coated | |
| Polymer-Sulfur Coated | |
| Others |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
| Country | |
| Australia | |
| Bangladesh | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Pakistan | |
| Philippines | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
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Market Definition
- MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
- NUTRIENT TYPES COVERED - Urea & Complex
- AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
- CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, and Fiber Crops Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
| Keyword | Definition |
|---|---|
| Fertilizer | Chemical substance applied to crops to ensure nutritional requirements, available in various forms such as granules, powders, liquid, water soluble, etc. |
| Specialty Fertilizer | Used for enhanced efficiency and nutrient availability applied through soil, foliar, and fertigation. Includes CRF, SRF, liquid fertilizer, and water soluble fertilizers. |
| Controlled-Release Fertilizers (CRF) | Coated with materials such as polymer, polymer-sulfur, and other materials such as resins to ensure nutrient availability to the crop for its entire life cycle. |
| Slow-Release Fertilizers (SRF) | Coated with materials such as sulfur, neem, etc., to ensure nutrient availability to the crop for a longer period. |
| Foliar Fertilizers | Consist of both liquid and water soluble fertilizers applied through foliar application. |
| Water-Soluble Fertilizers | Available in various forms including liquid, powder, etc., used in foliar and fertigation mode of fertilizer application. |
| Fertigation | Fertilizers applied through different irrigation systems such as drip irrigation, micro irrigation, sprinkler irrigation, etc. |
| Anhydrous Ammonia | Used as fertilizer, directly injected into the soil, available in gaseous liquid form. |
| Single Super Phosphate (SSP) | Phosphorus fertilizer containing only phosphorus which has lesser than or equal to 35%. |
| Triple Super Phosphate (TSP) | Phosphorus fertilizer containing only phosphorus greater than 35%. |
| Enhanced Efficiency Fertilizers | Fertilizers coated or treated with additional layers of various ingredients to make it more efficient compared to other fertilizers. |
| Conventional Fertilizer | Fertilizers applied to crops through traditional methods including broadcasting, row placement, ploughing soil placement, etc. |
| Chelated Micronutrients | Micronutrient fertilizers coated with chelating agents such as EDTA, EDDHA, DTPA, HEDTA, etc. |
| Liquid Fertilizers | Available in liquid form, majorly used for application of fertilizers to crops through foliar and fertigation. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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