Market Size of asia-pacific specialty fertilizer Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 18.72 Billion |
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Market Size (2030) | USD 27.10 Billion |
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Largest Share by Speciality Type | Water Soluble |
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CAGR (2024 - 2030) | 6.36 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
APAC Specialty Fertilizer Market Analysis
The Asia-Pacific Specialty Fertilizer Market size is estimated at USD 18.72 billion in 2024, and is expected to reach USD 27.10 billion by 2030, growing at a CAGR of 6.36% during the forecast period (2024-2030).
- Largest segment by Speciality Type - Water Soluble : The water soluble fertilizers are the efficient fertilizers which can reduce the fertilizer application by 25-30%, with even distribution of fertilizer throughout the field.
- 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 Crop Type - Horticultural Crops : There is an increasing trend in the fertilizer use due to the shift of growers from field crop to horticultural crop, which led to a 1.46% increase in area between 2020-2021.
- 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.
