Asia-Pacific Fertilizers Market Size and Share

Asia-Pacific Fertilizers Market Summary
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Asia-Pacific Fertilizers Market Analysis by Mordor Intelligence

The Asia-Pacific fertilizers market size reached USD 176.70 billion in 2025 and is projected to climb to USD 240.52 billion by 2030, reflecting a 6.36% CAGR during the forecast period. This trajectory mirrors rapid agricultural intensification, policy-backed shifts toward balanced nutrition, and expanding specialty product adoption across both mature and emerging economies. Higher horticultural exports from Vietnam and Thailand, subsidy rationalization in India and China, and sustained infrastructure investment in water-efficient irrigation systems together reinforce medium-term growth momentum. Manufacturers accelerate regional capacity additions for controlled-release and water-soluble fertilizers to capture premium demand segments, while producer margins remain vulnerable to volatile natural gas and phosphate rock prices. Competitive rivalry intensifies as global majors pursue acquisitions and distribution tie-ups that embed technology differentiation into local supply chains, creating opportunities for agile regional specialists to exploit niche micronutrient and carbon-smart solutions within the Asia-Pacific fertilizers market.

Key Report Takeaways

  • By Type, Straight fertilizers led with 70.0% of the Asia-Pacific fertilizers market share in 2024, with a forecasted CAGR of 6.54% the segment is projected to remain the largest through 2030.
  • By Form, Conventional products commanded 88.7% revenue share in 2024, while specialty fertilizers are forecast to expand at a 6.54% CAGR through 2030.
  • By Application Mode, Soil application accounted for 88.9% of the Asia-Pacific fertilizers market size in 2024, yet fertigation is advancing at a 6.61% CAGR on the back of precision irrigation expansion.
  • By Crop Type, Field crops consumed 81.9% of regional fertilizer volume in 2024, whereas turf and ornamental applications are projected to grow at a 7.89% CAGR owing to urban landscaping demand.
  • China retained a 33.4% share of the Asia-Pacific fertilizers market in 2024; India represents the fastest-growing major geography with a 6.49% CAGR expected to 2030.

Segment Analysis

By Type: Straight Fertilizers Dominate While Micronutrients Lead Growth

Straight fertilizers controlled 70.0% of the Asia-Pacific fertilizers market share in 2024, anchored by the entrenched use of urea, DAP, and MOP. Within the category, micronutrients posted a 6.52% CAGR, propelled by soil deficiency data and government extension drives. Complex fertilizers hold the remaining 30.0%, and the narrowing subsidy differential is poised to accelerate their traction through 2030.

The Asia-Pacific fertilizers market size for straight nitrogenous products still eclipses, yet balanced multi-nutrient blends continue to close the gap as policymakers flag environmental concerns tied to nitrogen overuse. Zinc formulations dominate the micronutrient niche, while boron and iron address crop-specific deficits in fruits and pulses. Research from Tamil Nadu Agricultural University on nano-encapsulation and biodegradable coatings aims to heighten nutrient uptake efficiency and curb polymer waste, thereby strengthening sustainability credentials across the Asia-Pacific fertilizers market.

By Form: Specialty Products Disrupt Conventional Dominance

Conventional fertilizers accounted for 88.7% of revenue in 2024, but specialty fertilizers are expanding at a 6.54% CAGR as growers and regulators prioritize nutrient use efficiency. Water-soluble products top the growth leaderboard, encouraged by widespread fertigation rollouts in horticulture zones. Controlled-release fertilizers gain share where labor scarcity and leaching losses push demand for single-shot applications, though polymer microplastic scrutiny is intensifying.

ICL’s USD 170 million distribution pact with AMP Holdings underscores commercial confidence in specialty water-soluble offerings for premium fruit and vegetable crops. Liquid fertilizers ride mechanization trends, especially in greenhouse and plantation settings, adding further momentum to the specialty segment within the Asia-Pacific fertilizers market size continuum.

Asia-Pacific Fertilizers Market: Market Share by Form

Note: Segment shares of all individual segments available upon report purchase

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By Application Mode: Fertigation Gains Momentum

Soil broadcasting retained 88.9% of application volume in 2024, yet fertigation marked the highest growth at 6.61% CAGR on the back of drip irrigation incentives and water scarcity mitigation targets. Adoption accelerates across India’s horticulture belts and coastal aquaculture ponds, seeking precise sulfur-coated inputs for nutrient leakage compliance. Foliar sprays occupy a smaller niche geared toward rapid micronutrient correction in high-value produce.

Japan’s model of combining controlled-release prills with fertigation equipment inspires neighboring markets to upgrade application protocols that boost yield and cut runoff. Integrated solution bundles offered by irrigation and fertilizer firms secure a rising share of new installations, expanding the Asia-Pacific fertilizers market.

By Crop Type: Field Staples Anchor Volume While Turf Flourishes

Field crops absorbed 81.8% of fertilizer consumption in 2024, driven largely by rice, wheat, and corn. Nevertheless, turf and ornamental applications exhibit a 7.89% CAGR through 2030, fueled by golf course expansion, public green projects, and residential landscaping across rising middle-income economies. Horticultural crops maintain robust demand through export-oriented production that prizes consistency and residue compliance.

Rice alone draws one-third of the Asia-Pacific fertilizers market size owing to triple-cropping in southern China and intensification in the Mekong Delta. Landscape nutrition programs increasingly specify low-leach, iron-rich blends, presenting specialty suppliers with margin-rich opportunities. Parallel growth in greenhouse vegetables catalyzes liquid and water-soluble uptake that improves nutrient scheduling precision.

Asia-Pacific Fertilizers Market: Market Share by Crop Type

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Geography Analysis

China captured 33.3% of regional sales in 2024 through its integrated petrochemical network and extensive cereal acreage. Despite maturity, policy-driven efficiency upgrades and specialty product penetration sustain incremental growth in the Asia-Pacific fertilizers market. India, advancing at a 6.49% CAGR, leverages balanced subsidy reforms and digital soil testing to lift complex and micronutrient uptake among smallholders.

Indonesia, Vietnam, Thailand, and the Philippines collectively exhibit robust specialty fertilizer growth as export crop profitability encourages investment in drip irrigation and fertigation systems. Pupuk Indonesia’s target of 6.43 million metric tons output for 2025 sharpens domestic supply security, while Vietnam’s PVFCCo channels capex toward high-analysis water-soluble lines that feed its fast-growing fruit export value chain.

Australia and Japan, though smaller in volume, shape technology adoption curves by piloting carbon-credit monetization, biodegradable coatings, and precision nutrient modeling. Meanwhile, Bangladesh and Pakistan strive to diversify supply away from Chinese DAP via bilateral contracts with Middle East manufacturers, illustrating how supply security concerns realign trade routes within the Asia-Pacific fertilizers market.

Competitive Landscape

The Asia-Pacific fertilizers market is fragmented, with the top five players holding a small share of revenue. Yara pursues vertical integration from ammonia to specialty blends, while ICL and Nutrien aggressively expand distribution partnerships and specialty capacity to defend share. Regional champions such as Coromandel International and Kingenta leverage proximity advantages and government relationships to penetrate micronutrient and water-soluble niches.

Consolidation gathers pace, evidenced by Incitec Pivot’s acquisition of Yara Nipro’s liquid business and ICL’s specialty fertilizer deal with AMP Holdings in China, signaling a quest for end-to-end solution control. Product innovation centers on chitosan-coated controlled-release prills, sulfur-enhanced water-soluble powders, and data-enabled advisory platforms that guide dosage precision.

Disruptive entrants seek to differentiate through carbon-efficient nutrient pathways that may tap emerging voluntary carbon credit schemes. Competitive intensity is forecast to heighten as gas cost volatility and environmental regulation challenge margin resilience across the Asia-Pacific fertilizers market.

Asia-Pacific Fertilizers Industry Leaders

  1. Coromandel International Ltd.

  2. ICL Group Ltd

  3. Sinofert Holdings Limited

  4. Xinyangfeng Agricultural Technology Co., Ltd.

  5. Yara International ASA

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Fertilizers Market
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Recent Industry Developments

  • June 2025: Xinyangfeng revealed external investment projects, including a new phosphorus-material circular economy industrial park. The projects involve capital expenditure for integrating upstream fertilizer supply, focusing on ammonium phosphate production.
  • August 2024: ICL signed a USD 170 million, five-year distribution agreement with AMP Holdings in China to deepen penetration into premium fruit segments.
  • 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.

Table of Contents for Asia-Pacific Fertilizers Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study
  • 1.3 Research Methodology

2. REPORT OFFERS

3. EXECUTIVE SUMMARY & KEY FINDINGS

4. KEY INDUSTRY TRENDS

  • 4.1 Acreage Of Major Crop Types
    • 4.1.1 Field Crops
    • 4.1.2 Horticultural Crops
  • 4.2 Average Nutrient Application Rates
    • 4.2.1 Micronutrients
    • 4.2.1.1 Field Crops
    • 4.2.1.2 Horticultural Crops
    • 4.2.2 Primary Nutrients
    • 4.2.2.1 Field Crops
    • 4.2.2.2 Horticultural Crops
    • 4.2.3 Secondary Macronutrients
    • 4.2.3.1 Field Crops
    • 4.2.3.2 Horticultural Crops
  • 4.3 Agricultural Land Equipped For Irrigation
  • 4.4 Regulatory Framework
  • 4.5 Value Chain & Distribution Channel Analysis
  • 4.6 Market Drivers
    • 4.6.1 Subsidy rationalization in India and China shifting demand toward balanced fertilization
    • 4.6.2 Government-funded soil health card initiatives improving micronutrient adoption
    • 4.6.3 Surge in specialty fertilizer capacity expansions across Southeast Asia
    • 4.6.4 Rising horticulture exports from Vietnam and Thailand propelling water-soluble demand
    • 4.6.5 Carbon-credit monetization pilot projects rewarding low-emission fertilizers
    • 4.6.6 Coastal aquaculture nutrient-leakage restrictions driving sulfur-coated products
  • 4.7 Market Restraints
    • 4.7.1 Volatile ammonia and phosphate feedstock prices squeezing producer margins
    • 4.7.2 Stringent Chinese export quotas limiting regional supply security
    • 4.7.3 Proliferation of counterfeit fertilizer bags in South Asia eroding brand trust
    • 4.7.4 Growing micro-plastic scrutiny on polymer-coated CRFs

5. MARKET SIZE AND GROWTH FORECASTS (VALUE AND VOLUME)

  • 5.1 Type
    • 5.1.1 Complex
    • 5.1.2 Straight
    • 5.1.2.1 Micronutrients
    • 5.1.2.1.1 Boron
    • 5.1.2.1.2 Copper
    • 5.1.2.1.3 Iron
    • 5.1.2.1.4 Manganese
    • 5.1.2.1.5 Molybdenum
    • 5.1.2.1.6 Zinc
    • 5.1.2.1.7 Others
    • 5.1.2.2 Nitrogenous
    • 5.1.2.2.1 Ammonium Nitrate
    • 5.1.2.2.2 Anhydrous Ammonia
    • 5.1.2.2.3 Urea
    • 5.1.2.2.4 Others
    • 5.1.2.3 Phosphatic
    • 5.1.2.3.1 DAP
    • 5.1.2.3.2 MAP
    • 5.1.2.3.3 SSP
    • 5.1.2.3.4 TSP
    • 5.1.2.3.5 Others
    • 5.1.2.4 Potassic
    • 5.1.2.4.1 MoP
    • 5.1.2.4.2 SoP
    • 5.1.2.4.3 Others
    • 5.1.2.5 Secondary Macronutrients
    • 5.1.2.5.1 Calcium
    • 5.1.2.5.2 Magnesium
    • 5.1.2.5.3 Sulfur
  • 5.2 Form
    • 5.2.1 Conventional
    • 5.2.2 Speciality
    • 5.2.2.1 CRF
    • 5.2.2.2 Liquid Fertilizer
    • 5.2.2.3 SRF
    • 5.2.2.4 Water Soluble
  • 5.3 Application Mode
    • 5.3.1 Fertigation
    • 5.3.2 Foliar
    • 5.3.3 Soil
  • 5.4 Crop Type
    • 5.4.1 Field Crops
    • 5.4.2 Horticultural Crops
    • 5.4.3 Turf & Ornamental
  • 5.5 Country
    • 5.5.1 Australia
    • 5.5.2 Bangladesh
    • 5.5.3 China
    • 5.5.4 India
    • 5.5.5 Indonesia
    • 5.5.6 Japan
    • 5.5.7 Pakistan
    • 5.5.8 Philippines
    • 5.5.9 Thailand
    • 5.5.10 Vietnam
    • 5.5.11 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
    • 6.4.1 Coromandel International Ltd.
    • 6.4.2 Grupa Azoty S.A. (Compo Expert)
    • 6.4.3 Haifa Group
    • 6.4.4 Hebei Sanyuanjiuqi Fertilizer Co., Ltd.
    • 6.4.5 ICL Group Ltd
    • 6.4.6 Sinofert Holdings Limited
    • 6.4.7 Sociedad Quimica y Minera de Chile SA
    • 6.4.8 Xinyangfeng Agricultural Technology Co., Ltd.
    • 6.4.9 Yara International ASA
    • 6.4.10 Zhongchuang xingyuan chemical technology co.ltd
    • 6.4.11 Koch Agronomic Services, LLC
    • 6.4.12 Nutrien Ltd.
    • 6.4.13 Shandong Hualu-Hengsheng Chemical Co., Ltd.
    • 6.4.14 Florikan ESA LLC
    • 6.4.15 Kingenta Ecological Engineering Group Co., Ltd.

7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOs

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Asia-Pacific Fertilizers Market Report Scope

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.
Type
Complex
Straight Micronutrients Boron
Copper
Iron
Manganese
Molybdenum
Zinc
Others
Nitrogenous Ammonium Nitrate
Anhydrous Ammonia
Urea
Others
Phosphatic DAP
MAP
SSP
TSP
Others
Potassic MoP
SoP
Others
Secondary Macronutrients Calcium
Magnesium
Sulfur
Form
Conventional
Speciality CRF
Liquid Fertilizer
SRF
Water Soluble
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
Type Complex
Straight Micronutrients Boron
Copper
Iron
Manganese
Molybdenum
Zinc
Others
Nitrogenous Ammonium Nitrate
Anhydrous Ammonia
Urea
Others
Phosphatic DAP
MAP
SSP
TSP
Others
Potassic MoP
SoP
Others
Secondary Macronutrients Calcium
Magnesium
Sulfur
Form Conventional
Speciality CRF
Liquid Fertilizer
SRF
Water Soluble
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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