Asia-Pacific Fertilizers Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 167.2 Billion |
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Market Size (2030) | USD 240.5 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 6.24 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific Fertilizers Market Analysis
The Asia-Pacific Fertilizers Market size is estimated at 167.2 billion USD in 2024, and is expected to reach 240.5 billion USD by 2030, growing at a CAGR of 6.24% during the forecast period (2024-2030).
167.2 Billion
Market Size in 2024 (USD)
240.5 Billion
Market Size in 2030 (USD)
6.69 %
CAGR (2017-2023)
6.24 %
CAGR (2024-2030)
Largest segment by Product
51.47 %
value share, Urea, 2023
The growing demand for high-value crops and increasing sulfur deficient soils in major countries like India and China has lead to higher demand of sulfur fertilizers.
Largest Segment by Crop Type
81.97 %
value share, Field Crops, 2023
Field crops dominated in fertilizers consumption because they are grown intensively, depleting soil nutrients and necessitating the use of more fertilizers to compensate.
Fastest Growing Speciality Type
7.17 %
Projected CAGR, CRF, 2024-2030
Water-soluble fertilizers can help to achieve fertilizer efficiency of 80.0-90.0% and also lowers overall fertilizer requirement, reduces time, and energy consumption.
Largest segment by Country
33.47 %
value share, China, 2023
large area under cultivation, growing population, and the need for food and nutritional security may drive the fertilizer market in China during the forecast period.
Leading Market Player
1.65 %
market share, Sinofert Holdings Limited, 2022
Sinofert has emerged as a market leader by developing about 60 types of compound and mixed fertilizers according to different climates, soils, and planting practices.
Intensive cultivation and soil nutrient depletion increase fertilizer consumption
- The Asia-Pacific fertilizer market is dominated by field crops, which make up around 81.5% of the overall fertilizer market. Field crop production accounts for more than 90.0% of the region's total agricultural land. The major field crops produced in the region are rice, wheat, soybean, rapeseed/canola, and cotton. Generally, field crops consume the most nitrogen fertilizers. Because grains and cereals are grown intensively, they deplete soil nutrients, necessitating the use of more fertilizers to compensate.
- In 2022, horticultural crops constituted 17.9% of the region's fertilizer market value. China and India command over 70.0% of the horticultural crop production area in the region. The rising demand for fresh fruits and vegetables, coupled with efforts to meet this demand, is poised to propel the horticultural crop market.
- China and India, with their abundant arable land and sizable populations, stand out as key agricultural players in the Asia-Pacific. The government's significant financial support for agricultural mechanization and productivity enhancement further bolsters this growth trajectory.
- The region has witnessed a notable uptick in cultivation area, with a 10.5 million ha expansion from 2017 to 2022. Agriculture employs a fifth of the region's population and occupies more than half of its land, making it a vital contributor to the Asia-Pacific economy. The imperative to enhance food security, coupled with evolving climatic conditions and soil nutrient challenges, is poised to fuel the fertilizer market in the region.
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The growing population's need for higher food production and productivity may drive the market
- According to the USDA, China, the world's largest fertilizer producer and exporter, accounted for 25% of global fertilizer production. In 2022, the Chinese fertilizer market was valued at USD 70.3 billion, with a consumption of 94.2 million metric tons.
- India, the world's second-largest fertilizer consumer, consumed 81.4 million metric tons in 2022. Despite being the third-largest global producer, India relies on imports for 25% of its urea, 55% of its phosphorus, and 100% of its potash annually.
- The Indonesian agricultural sector has been experiencing a considerable expansion, which has led to an increase in arable land. This, in turn, has boosted the country's agricultural production, making it an essential player in the region's agricultural industry. As a result, Indonesia has become the third-largest consumer in terms of market value and volume consumption, accounting for 5.6% of the value and 6.7% of volume in the region.
- In 2022, Pakistan held a 4.2% share in the Asia-Pacific fertilizer market. Field crops dominated fertilizer consumption, accounting for 86.3% of the volume, followed by horticultural crops at 13.5% and turf & ornamental crops at a negligible 0.1%. This trend can be attributed to the larger land area dedicated to field crops.
- The market is expected to be driven by factors such as the growing population's need for higher food production and productivity, especially since the area available for cultivation is decreasing. Additionally, the adoption of advanced cultivation methods will increase the usage of both conventional and specialty fertilizers.
Asia-Pacific Fertilizers Market Trends
The increase in cultivation area is attributed to the growing domestic and export demand
- Field crop cultivation dominates the Asia-Pacific 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 need 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. Wheat is one of the major staple foods of this region, driving the increase in demand and consumption. Notably, the area under wheat cultivation increased by 638.6 thousand ha from 2018 to 2022. 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 recorded 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 also 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 fertilizer market throughout the 2023-2030 period.
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About 28% of nitrous oxide emissions from cropland globally are from Chinese agricultural lands
- The average application rate of primary nutrients (nitrogen, potassium, and phosphorus) in field crops in China stood at 129.1 kg/ha in 2022. Nitrogen dominated the mix, accounting for 58.5%, followed by potassium at 25.3% and phosphorus at 16.1%. The primary nutrients are predominantly applied through soil-based methods. In 2022, conventional soil-based primary macronutrient fertilizers held a commanding 69.2% share of the primary macronutrient fertilizer market.
- Asia witnesses a significant demand for primary nutrients, especially nitrogen and potassium fertilizers, owing to the prevalent deficiencies in these nutrients in the region's soils. Notably, the Asia-Pacific region, with its vast land area and population, leads the global agrochemical production and consumption. China's agricultural lands alone contribute to about 28% of the world's nitrous oxide emissions from croplands.
- Among field crops, wheat recorded the highest average primary nutrient application rate at 214.9 kg/ha in 2022. Nitrogen took the lead among primary nutrients, with an average application rate of 448.5 kg/ha. This high nitrogen demand is attributed to its crucial role in plant metabolism, as well as its presence in chlorophyll and amino acids.
- The contamination of surface and groundwater with nitrogen and phosphorus has been linked to inadequate guidance on fertilizer application rates and the potential for excessive crop yields. However, there is a noticeable shift toward the adoption of highly efficient fertilizers.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Micro and sprinkler irrigation systems has made horticultural crop cultivation more convenient in Asia-Pacific
- The deficiency of boron, zinc, manganese, and molybdenum is extremely common in cruciferous vegetables
- Sandy soils and heavy dark clay soils are most likely to show secondary micronutrient deficiencies
- India, China, Pakistan, Bangladesh, and Indonesia collectively accounted for 80% of agricultural irrigation usage in Asia-Pacific in 2022
- Rapeseed/canola accounted for the highest average nutrient application rate of 9.2 kg/hectare in 2022
- China and Bangladesh exhibit an average primary macronutrient application rate in vegetable crops that surpasses the Asia-Pacific average by 1.60%
- Salinity is the primary factor behind the declining calcium and magnesium content in Asia-Pacific, which exhibits higher salinity levels than soils in other parts of the world
Asia-Pacific Fertilizers Industry Overview
The Asia-Pacific Fertilizers Market is fragmented, with the top five companies occupying 7%. The major players in this market are Coromandel International Ltd., ICL Group Ltd, Sinofert Holdings Limited, Xinyangfeng Agricultural Technology Co., Ltd. and Yara International ASA (sorted alphabetically).
Asia-Pacific Fertilizers Market Leaders
Coromandel International Ltd.
ICL Group Ltd
Sinofert Holdings Limited
Xinyangfeng Agricultural Technology Co., Ltd.
Yara International ASA
Other important companies include Grupa Azoty S.A. (Compo Expert), Haifa Group, Hebei Sanyuanjiuqi Fertilizer Co., Ltd., Sociedad Quimica y Minera de Chile SA, Zhongchuang xingyuan chemical technology co.ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Fertilizers Market News
- January 2023: ICL has entered into a strategic partnership agreement with General Mills, in which it will be the supplier of strategic specialty phosphate solutions to General Mills. The long-term agreement will also focus on international expansion.
- May 2022: ICL launched three new NPK formulations of Solinure, a product with increased trace elements to optimize yields.
- May 2022: ICL signed an agreement with customers in India and China to supply 600,000 and 700,000 metric tons of potash, respectively, in 2022 at USD 590 per ton.
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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 Fertilizers 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. Micronutrients
2.2.1.1. Field Crops
2.2.1.2. Horticultural Crops
2.2.2. Primary Nutrients
2.2.2.1. Field Crops
2.2.2.2. Horticultural Crops
2.2.3. Secondary Macronutrients
2.2.3.1. Field Crops
2.2.3.2. Horticultural Crops
2.3. Agricultural Land Equipped For Irrigation
2.4. Regulatory Framework
2.5. 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. Type
3.1.1. Complex
3.1.2. Straight
3.1.2.1. Micronutrients
3.1.2.1.1. Boron
3.1.2.1.2. Copper
3.1.2.1.3. Iron
3.1.2.1.4. Manganese
3.1.2.1.5. Molybdenum
3.1.2.1.6. Zinc
3.1.2.1.7. Others
3.1.2.2. Nitrogenous
3.1.2.2.1. Ammonium Nitrate
3.1.2.2.2. Anhydrous Ammonia
3.1.2.2.3. Urea
3.1.2.2.4. Others
3.1.2.3. Phosphatic
3.1.2.3.1. DAP
3.1.2.3.2. MAP
3.1.2.3.3. SSP
3.1.2.3.4. TSP
3.1.2.3.5. Others
3.1.2.4. Potassic
3.1.2.4.1. MoP
3.1.2.4.2. SoP
3.1.2.4.3. Others
3.1.2.5. Secondary Macronutrients
3.1.2.5.1. Calcium
3.1.2.5.2. Magnesium
3.1.2.5.3. Sulfur
3.2. Form
3.2.1. Conventional
3.2.2. Speciality
3.2.2.1. CRF
3.2.2.2. Liquid Fertilizer
3.2.2.3. SRF
3.2.2.4. Water Soluble
3.3. Application Mode
3.3.1. Fertigation
3.3.2. Foliar
3.3.3. Soil
3.4. Crop Type
3.4.1. Field Crops
3.4.2. Horticultural Crops
3.4.3. Turf & Ornamental
3.5. Country
3.5.1. Australia
3.5.2. Bangladesh
3.5.3. China
3.5.4. India
3.5.5. Indonesia
3.5.6. Japan
3.5.7. Pakistan
3.5.8. Philippines
3.5.9. Thailand
3.5.10. Vietnam
3.5.11. 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. Coromandel International Ltd.
4.4.2. Grupa Azoty S.A. (Compo Expert)
4.4.3. Haifa Group
4.4.4. Hebei Sanyuanjiuqi Fertilizer Co., Ltd.
4.4.5. ICL Group Ltd
4.4.6. Sinofert Holdings Limited
4.4.7. Sociedad Quimica y Minera de Chile SA
4.4.8. Xinyangfeng Agricultural Technology Co., Ltd.
4.4.9. Yara International ASA
4.4.10. 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 MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, ASIA-PACIFIC, 2022
- Figure 4:
- CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, ASIA-PACIFIC, 2022
- Figure 5:
- CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, ASIA-PACIFIC, 2022
- Figure 6:
- CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, ASIA-PACIFIC, 2022
- Figure 7:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, ASIA-PACIFIC, 2022
- Figure 8:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, ASIA-PACIFIC, 2022
- Figure 9:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, ASIA-PACIFIC, 2022
- Figure 10:
- FERTILIZER FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 11:
- FERTILIZER FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 12:
- FERTILIZER CONSUMPTION BY TYPE IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 13:
- FERTILIZER CONSUMPTION BY TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 14:
- FERTILIZER CONSUMPTION VOLUME BY TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 15:
- FERTILIZER CONSUMPTION VALUE BY TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 16:
- COMPLEX FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 17:
- COMPLEX FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 18:
- COMPLEX FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 19:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 20:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 21:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT VOLUME IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 22:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT VALUE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 23:
- FERTILIZER CONSUMPTION BY MICRONUTRIENTS IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 24:
- FERTILIZER CONSUMPTION BY MICRONUTRIENTS IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 25:
- FERTILIZER CONSUMPTION VOLUME BY MICRONUTRIENTS IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 26:
- FERTILIZER CONSUMPTION VALUE BY MICRONUTRIENTS IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 27:
- BORON FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 28:
- BORON FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 29:
- BORON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 30:
- COPPER FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 31:
- COPPER FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 32:
- COPPER FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 33:
- IRON FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 34:
- IRON FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 35:
- IRON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 36:
- MANGANESE FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 37:
- MANGANESE FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 38:
- MANGANESE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 39:
- MOLYBDENUM FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 40:
- MOLYBDENUM FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 41:
- MOLYBDENUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 42:
- ZINC FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 43:
- ZINC FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 44:
- ZINC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 45:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 46:
- OTHERS FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 47:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 48:
- FERTILIZER CONSUMPTION BY NITROGENOUS IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 49:
- FERTILIZER CONSUMPTION BY NITROGENOUS IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 50:
- FERTILIZER CONSUMPTION VOLUME BY NITROGENOUS IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 51:
- FERTILIZER CONSUMPTION VALUE BY NITROGENOUS IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 52:
- AMMONIUM NITRATE FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 53:
- AMMONIUM NITRATE FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 54:
- AMMONIUM NITRATE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 55:
- ANHYDROUS AMMONIA FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 56:
- ANHYDROUS AMMONIA FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 57:
- ANHYDROUS AMMONIA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 58:
- UREA FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 59:
- UREA FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 60:
- UREA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 61:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 62:
- OTHERS FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 63:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 64:
- FERTILIZER CONSUMPTION BY PHOSPHATIC IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 65:
- FERTILIZER CONSUMPTION BY PHOSPHATIC IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 66:
- FERTILIZER CONSUMPTION VOLUME BY PHOSPHATIC IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 67:
- FERTILIZER CONSUMPTION VALUE BY PHOSPHATIC IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 68:
- DAP FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 69:
- DAP FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 70:
- DAP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 71:
- MAP FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 72:
- MAP FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 73:
- MAP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 74:
- SSP FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 75:
- SSP FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 76:
- SSP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 77:
- TSP FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 78:
- TSP FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 79:
- TSP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 80:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 81:
- OTHERS FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 82:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 83:
- FERTILIZER CONSUMPTION BY POTASSIC IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 84:
- FERTILIZER CONSUMPTION BY POTASSIC IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 85:
- FERTILIZER CONSUMPTION VOLUME BY POTASSIC IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 86:
- FERTILIZER CONSUMPTION VALUE BY POTASSIC IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 87:
- MOP FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 88:
- MOP FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 89:
- MOP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 90:
- SOP FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 91:
- SOP FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 92:
- SOP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 93:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 94:
- OTHERS FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 95:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 96:
- FERTILIZER CONSUMPTION BY SECONDARY MACRONUTRIENTS IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 97:
- FERTILIZER CONSUMPTION BY SECONDARY MACRONUTRIENTS IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 98:
- FERTILIZER CONSUMPTION VOLUME BY SECONDARY MACRONUTRIENTS IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 99:
- FERTILIZER CONSUMPTION VALUE BY SECONDARY MACRONUTRIENTS IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 100:
- CALCIUM FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 101:
- CALCIUM FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 102:
- CALCIUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 103:
- MAGNESIUM FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 104:
- MAGNESIUM FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 105:
- MAGNESIUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 106:
- SULFUR FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 107:
- SULFUR FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 108:
- SULFUR FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 109:
- FERTILIZER CONSUMPTION BY FORM IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 110:
- FERTILIZER CONSUMPTION BY FORM IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 111:
- FERTILIZER CONSUMPTION VOLUME BY FORM IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 112:
- FERTILIZER CONSUMPTION VALUE BY FORM IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 113:
- CONVENTIONAL FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 114:
- CONVENTIONAL FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 115:
- CONVENTIONAL FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2022 VS 2030
- Figure 116:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 117:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 118:
- FERTILIZER CONSUMPTION VOLUME BY SPECIALITY TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 119:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 120:
- CRF FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 121:
- CRF FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 122:
- CRF FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 123:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 124:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 125:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 126:
- SRF FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 127:
- SRF FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 128:
- SRF FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 129:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 130:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 131:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 132:
- FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 133:
- FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 134:
- FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 135:
- FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 136:
- FERTIGATION APPLICATION OF FERTILIZER IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 137:
- FERTIGATION APPLICATION OF FERTILIZER IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 138:
- FERTIGATION APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 139:
- FOLIAR APPLICATION OF FERTILIZER IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 140:
- FOLIAR APPLICATION OF FERTILIZER IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 141:
- FOLIAR APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 142:
- SOIL APPLICATION OF FERTILIZER IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 143:
- SOIL APPLICATION OF FERTILIZER IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 144:
- SOIL APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 145:
- FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 146:
- FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 147:
- FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 148:
- FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 149:
- FIELD CROPS FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 150:
- FIELD CROPS FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 151:
- FIELD CROPS FERTILIZER CONSUMPTION VALUE BY TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 152:
- HORTICULTURAL CROPS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 153:
- HORTICULTURAL CROPS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 154:
- HORTICULTURAL CROPS FERTILIZER CONSUMPTION VALUE BY TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 155:
- TURF & ORNAMENTAL FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 156:
- TURF & ORNAMENTAL FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 157:
- TURF & ORNAMENTAL FERTILIZER CONSUMPTION VALUE BY TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 158:
- FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 159:
- FERTILIZER CONSUMPTION BY COUNTRY IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 160:
- FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 161:
- FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 162:
- AUSTRALIA FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 163:
- AUSTRALIA FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 164:
- AUSTRALIA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 165:
- BANGLADESH FERTILIZER CONSUMPTION IN METRIC TON, BANGLADESH, 2017 - 2030
- Figure 166:
- BANGLADESH FERTILIZER CONSUMPTION IN USD, BANGLADESH, 2017 - 2030
- Figure 167:
- BANGLADESH FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BANGLADESH, 2023 VS 2030
- Figure 168:
- CHINA FERTILIZER CONSUMPTION IN METRIC TON, CHINA, 2017 - 2030
- Figure 169:
- CHINA FERTILIZER CONSUMPTION IN USD, CHINA, 2017 - 2030
- Figure 170:
- CHINA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, CHINA, 2023 VS 2030
- Figure 171:
- INDIA FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 172:
- INDIA FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 173:
- INDIA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 174:
- INDONESIA FERTILIZER CONSUMPTION IN METRIC TON, INDONESIA, 2017 - 2030
- Figure 175:
- INDONESIA FERTILIZER CONSUMPTION IN USD, INDONESIA, 2017 - 2030
- Figure 176:
- INDONESIA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDONESIA, 2023 VS 2030
- Figure 177:
- JAPAN FERTILIZER CONSUMPTION IN METRIC TON, JAPAN, 2017 - 2030
- Figure 178:
- JAPAN FERTILIZER CONSUMPTION IN USD, JAPAN, 2017 - 2030
- Figure 179:
- JAPAN FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, JAPAN, 2023 VS 2030
- Figure 180:
- PAKISTAN FERTILIZER CONSUMPTION IN METRIC TON, PAKISTAN, 2017 - 2030
- Figure 181:
- PAKISTAN FERTILIZER CONSUMPTION IN USD, PAKISTAN, 2017 - 2030
- Figure 182:
- PAKISTAN FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PAKISTAN, 2023 VS 2030
- Figure 183:
- PHILIPPINES FERTILIZER CONSUMPTION IN METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 184:
- PHILIPPINES FERTILIZER CONSUMPTION IN USD, PHILIPPINES, 2017 - 2030
- Figure 185:
- PHILIPPINES FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PHILIPPINES, 2023 VS 2030
- Figure 186:
- THAILAND FERTILIZER CONSUMPTION IN METRIC TON, THAILAND, 2017 - 2030
- Figure 187:
- THAILAND FERTILIZER CONSUMPTION IN USD, THAILAND, 2017 - 2030
- Figure 188:
- THAILAND FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, THAILAND, 2023 VS 2030
- Figure 189:
- VIETNAM FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 190:
- VIETNAM FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
- Figure 191:
- VIETNAM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 192:
- REST OF ASIA-PACIFIC FERTILIZER CONSUMPTION IN METRIC TON, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 193:
- REST OF ASIA-PACIFIC FERTILIZER CONSUMPTION IN USD, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 194:
- REST OF ASIA-PACIFIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 195:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2017 - 2030
- Figure 196:
- ASIA-PACIFIC FERTILIZERS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 197:
- MARKET SHARE OF MAJOR PLAYERS IN %, ASIA-PACIFIC, 2022
Asia-Pacific Fertilizers Industry Segmentation
Complex, Straight are covered as segments by Type. Conventional, Speciality are covered as segments by Form. Fertigation, Foliar, Soil are covered as segments by Application Mode. 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.
- The Asia-Pacific fertilizer market is dominated by field crops, which make up around 81.5% of the overall fertilizer market. Field crop production accounts for more than 90.0% of the region's total agricultural land. The major field crops produced in the region are rice, wheat, soybean, rapeseed/canola, and cotton. Generally, field crops consume the most nitrogen fertilizers. Because grains and cereals are grown intensively, they deplete soil nutrients, necessitating the use of more fertilizers to compensate.
- In 2022, horticultural crops constituted 17.9% of the region's fertilizer market value. China and India command over 70.0% of the horticultural crop production area in the region. The rising demand for fresh fruits and vegetables, coupled with efforts to meet this demand, is poised to propel the horticultural crop market.
- China and India, with their abundant arable land and sizable populations, stand out as key agricultural players in the Asia-Pacific. The government's significant financial support for agricultural mechanization and productivity enhancement further bolsters this growth trajectory.
- The region has witnessed a notable uptick in cultivation area, with a 10.5 million ha expansion from 2017 to 2022. Agriculture employs a fifth of the region's population and occupies more than half of its land, making it a vital contributor to the Asia-Pacific economy. The imperative to enhance food security, coupled with evolving climatic conditions and soil nutrient challenges, is poised to fuel the fertilizer market in the region.
| Type | ||||||||||||||||||||||||||||||||||
| Complex | ||||||||||||||||||||||||||||||||||
|
| Form | ||||||
| Conventional | ||||||
|
| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| 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 - Primary Nutrients: N, P and K, Secondary Macronutrients: Ca, Mg and S, Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
- 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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