Market Size of asia-pacific fertilizers Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2030 | |
Market Size (2024) | USD 169.09 Billion | |
Market Size (2030) | USD 241.45 Billion | |
Largest Share by Crop Type | Field Crops | |
CAGR (2024 - 2030) | 6.12 % | |
Largest Share by Country | China | |
Major Players |
||
*Disclaimer: Major Players sorted in no particular order |
APAC Fertilizers Market Analysis
The Asia-Pacific Fertilizers Market size is estimated at USD 169.09 billion in 2024, and is expected to reach USD 241.45 billion by 2030, growing at a CAGR of 6.12% during the forecast period (2024-2030).
- Fastest growing segment by Product - Iron : The alkaline soils with high pH and degrading health and quality of soils are making them deficient in Iron thus increasing the demand for high-yield crop production.
- Largest Segment by Crop Type - Field Crops : Cultivation of field crops accounts for more than 90% of the total agricultural land in the region and accounts for consumption of 82.76% of the total fertilizes.
- Fastest growing by Speciality Type - SRF : The SRF are safe to the soil and environment as they precisely release the nutrients in to the soil throughout the cropping season and thus reduce the leaching of nutrients.
- Largest segment by Country - China : China is the most populous country in the world and has large cultivable land in the region, with high fertilizer aplication rate per hectare to maximize the crop yields.