Asia-Pacific Specialty Fertilizer Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 18.74 Billion |
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Market Size (2030) | USD 27.21 Billion |
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Largest Share by Speciality Type | Liquid Fertilizer |
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CAGR (2024 - 2030) | 6.41 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Specialty Fertilizer Market Analysis
The Asia-Pacific Specialty Fertilizer Market size is estimated at 18.74 billion USD in 2024, and is expected to reach 27.21 billion USD by 2030, growing at a CAGR of 6.41% during the forecast period (2024-2030).
18.74 Billion
Market Size in 2024 (USD)
27.21 Billion
Market Size in 2030 (USD)
6.52 %
CAGR (2017-2023)
6.41 %
CAGR (2024-2030)
Largest segment by Speciality Type
55.67 %
value share, Liquid Fertilizer, 2023
Dominance of liquid fertilizers is due to their ability to seep quickly through the soil profile resulting in more nutrient availability and deeper penetration of nutrients.
Fastest Growing Speciality Type
7.17 %
Projected CAGR, CRF, 2024-2030
The region's increasing emphasis on ecologically safe fertilizers is a key driver behind the surge in demand for new controlled-release options.
Largest Segment by Crop Type
8.71 %
Projected CAGR, Turf & Ornamental, 2024-2030
The rising interest in landscaping, golf courses, indoor gardening, and the increased demand for locally grown attractive flowers will drive the segment's growth.
Largest segment by Country
75.32 %
value share, China, 2023
large area under cultivation, growing population, and the need for food and nutritional security may drive the specialty fertilizer market in China during forecast period.
Leading Market Player
2.91 %
market share, Yara International ASA, 2022
Yara International has became a market leader by offering a wide range of specialty fertilizers including CRF, SRF, foliar, liquid, micronutrients and complex fertilizers
The growing demand for specialty fertilizers to improve productivity is strengthening the growth of the market
- During the study period, the specialty fertilizers market in the region witnessed a robust growth of 94.2%. Moving forward, the market is projected to maintain a steady CAGR of 6.2%.
- In 2022, China, India, and Japan commanded the market, accounting for 78.9%, 5.6%, and 2.5% of its value, respectively. Notably, China emerged as both the leading producer and consumer of specialty fertilizers in the region. The market's focus on China and India is driven by their sizable populations, ample land availability, diverse climatic regions, and supportive government policies, including fertilizer trials.
- Field crops took the lion's share in 2022, capturing 72.3% of the market. Among these crops, the demand for polymer-coated, urea-based controlled-release fertilizers was particularly high, constituting 58.7% of the market. The use of poly-coated urea aids in bridging the gap between soil nitrogen availability and plant nitrogen demand, leading to a rising adoption of advanced fertilizers like these.
- Fertigation emerged as the dominant fertilizer application method, accounting for 70.4% of all applications. This preference can be attributed to the drawbacks of foliar fertilizers, which, if not applied correctly, can harm plants. The market share of foliar application stands at 35.4%.
- Driven by the desire to maximize crop yields per hectare, farmers have increasingly turned to specialized fertilizers like liquid, water-soluble, and controlled-release variants. This growing demand underscores the market's future potential.
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The intensive cultivation is driving the demand for specialty fertilizers
- In 2022, field crops held the largest share of the Asia-Pacific specialty fertilizers market, representing 83.5% of the total consumption volume. Horticultural crops trailed behind at 15.8%, while turf & ornamentals lagged at less than 1%. China emerged as the leader in the field crops segment, commanding 33.1% of the specialty fertilizer market's value, followed by India at 23.8%, Indonesia at 7.0%, Australia at 5.6%, and Japan at 4.0%.
- China's specialty fertilizer market, primarily driven by crops like rice, wheat, and maize, accounted for a staggering 78.4% of Asia-Pacific's total specialty fertilizer market value in 2022.
- India, the second-largest fertilizer consumer in Asia-Pacific, witnessed a significant uptick in the specialty fertilizer market. From USD 1.31 billion in 2022, the market is projected to reach USD 1.76 billion by 2030. Specialty fertilizers, tailored to specific soil and plant conditions, are designed to elicit targeted responses, enhancing plant growth and productivity.
- Japan's specialty fertilizer market held a 15.9% share of the Asia-Pacific market in 2022. The country's key agricultural crops encompass rice, soybean, wheat, and barley.
- With Asia-Pacific's soils losing fertility due to continuous cropping, the region is facing challenges in sustaining cultivation. This scenario is expected to bolster the demand for specialty fertilizers, which offer precise nutrition delivery with minimal environmental impact.
Asia-Pacific Specialty Fertilizer Market Trends
The significant expansion of the cultivation of major growing crops is anticipated to boost the growth of the fertilizer market
- Field crop cultivation dominates the region, encompassing over 95% of the total crop area. In 2022, the region's major field crops were rice, wheat, and corn, collectively occupying around 38% of the total crop area. This expanding cultivation area is poised to drive up fertilizer demand in the country.
- The Asia Pacific, including China, India, Pakistan, and Australia, stands as a global powerhouse in wheat production. Notably, China and India lead both in production and consumption. Given wheat's status as a staple food in the region, coupled with a 638.6 thousand ha increase in cultivation area from 2018 to 2022, the demand for wheat has been on the rise. In 2022, China took the lead, producing 138 million metric tons, followed by India at 103 million metric tons.
- Rice takes the crown as the region's primary field crop, occupying a significant 16.44% of the agricultural land in 2022. Being a staple in Asia-Pacific, rice holds immense importance. In 2022, China is projected to produce 147 million metric tons, while India is set to harvest 124 million metric tons. Notably, India is poised to consume 109 million metric tons and emerge as the top exporter with 19.5 million metric tons.
- The surging demand, both domestically and internationally, for field crops has spurred an expansion in cultivation areas. This notable uptick in cultivated land is expected to have a direct and positive impact on the Asia-Pacific fertilizer market during 2023-2030.
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About 28% of nitrous oxide emissions from cropland in the world are from China's agricultural lands
- The average application rate of primary nutrients (nitrogen, potassium, and phosphorus) in field crops in the country stood at 129.1 kg/ha in 2022. Nitrogen dominated, accounting for 58.5% of the total, followed by potassium at 25.3% and phosphorus at 16.1%. The primary nutrient application in field crops is predominantly done through soil-based methods. In 2022, conventional soil-based primary macronutrient fertilizers held a 69.2% share of the primary macronutrient fertilizer market.
- Asia witnesses a significant demand for primary nutrients, especially nitrogen and potassium fertilizers, due to prevalent deficiencies in these nutrients in the region's soils. Notably, Asia-Pacific, encompassing the largest land area and population globally, leads both in agrochemical production and consumption. China's agricultural lands alone contribute around 28% of the global 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 top spot among primary nutrients, with an average application rate of 448.5 kg/ha. This high nitrogen requirement stems from its crucial role in plant metabolism, as well as its presence in chlorophyll and amino acids.
- Historically, inadequate guidance on fertilizer application rates, coupled with a focus on maximizing crop yields, has led to nitrogen and phosphorus contamination in surface and groundwater. However, the industry is now witnessing a shift toward more 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 area in Asia-Pacific
- The deficiency of boron, zinc, manganese, and molybdenum is extremely common in cruciferous vegetables
- China and Bangladesh has 1.60% higher average application rate per hectare compared to the rest in Asia-Pacific
- Salinity is the major cause of the declining calcium and magnesium content in the soil. Asia-Pacific has more saline soils compared to other regions in the world
- Rapeseed/canola accounted for the highest average nutrient application rate of 9.2 kg/hectare in 2022
- About 28% of nitrous oxide emissions from cropland in the world are from China's agricultural lands
- Sandy soils and heavy dark clay soils are most likely to show secondary micronutrient deficiencies
- India possesses one of the most expansive irrigated regions, relying on a comprehensive infrastructure of canals, reservoirs, and tube wells to bolster its diverse agricultural sector.
Asia-Pacific Specialty Fertilizer Industry Overview
The Asia-Pacific Specialty Fertilizer Market is fragmented, with the top five companies occupying 9.27%. The major players in this market are Coromandel International Ltd., Huaqiang Chemical Group Stock Co., Ltd., ICL Group Ltd, Sociedad Quimica y Minera de Chile SA and Yara International ASA (sorted alphabetically).
Asia-Pacific Specialty Fertilizer Market Leaders
Coromandel International Ltd.
Huaqiang Chemical Group Stock Co., Ltd.
ICL Group Ltd
Sociedad Quimica y Minera de Chile SA
Yara International ASA
Other important companies include Grupa Azoty S.A. (Compo Expert), Haifa Group, Hebei Sanyuanjiuqi Fertilizer Co., Ltd., Zhongchuang xingyuan chemical technology co.ltd, Zouping Hongyun Biotechnology Co., Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Specialty 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.
- February 2019: Coromandel International announced a strategic partnership with Agrinos. The partnership allows Coromandel to widen its product offerings of complete plant nutrition solutions, organic fertilizers, and specialty nutrients. Coromandel, in partnership with Agrinos, will offer growers high-technology inputs under the brand name ARITHRI.
- 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.
Free with this Report
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 Specialty Fertilizer Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 Acreage Of Major Crop Types
- 4.1.1 Field Crops
- 4.1.2 Horticultural Crops
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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
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Speciality Type
- 5.1.1 CRF
- 5.1.1.1 Polymer Coated
- 5.1.1.2 Polymer-Sulfur Coated
- 5.1.1.3 Others
- 5.1.2 Liquid Fertilizer
- 5.1.3 SRF
- 5.1.4 Water Soluble
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5.2 Application Mode
- 5.2.1 Fertigation
- 5.2.2 Foliar
- 5.2.3 Soil
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5.3 Crop Type
- 5.3.1 Field Crops
- 5.3.2 Horticultural Crops
- 5.3.3 Turf & Ornamental
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5.4 Country
- 5.4.1 Australia
- 5.4.2 Bangladesh
- 5.4.3 China
- 5.4.4 India
- 5.4.5 Indonesia
- 5.4.6 Japan
- 5.4.7 Pakistan
- 5.4.8 Philippines
- 5.4.9 Thailand
- 5.4.10 Vietnam
- 5.4.11 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 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 Huaqiang Chemical Group Stock Co., Ltd.
- 6.4.6 ICL Group Ltd
- 6.4.7 Sociedad Quimica y Minera de Chile SA
- 6.4.8 Yara International ASA
- 6.4.9 Zhongchuang xingyuan chemical technology co.ltd
- 6.4.10 Zouping Hongyun Biotechnology Co., Ltd.
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 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:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 11:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 12:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 13:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 14:
- FERTILIZER CONSUMPTION VOLUME BY SPECIALITY TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 15:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 16:
- CRF FERTILIZER CONSUMPTION BY COATING TYPE IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 17:
- CRF FERTILIZER CONSUMPTION BY COATING TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 18:
- CRF FERTILIZER CONSUMPTION VOLUME BY COATING TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 19:
- CRF FERTILIZER CONSUMPTION VALUE BY COATING TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 20:
- POLYMER COATED CRF FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 21:
- POLYMER COATED CRF FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 22:
- POLYMER COATED CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 23:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 24:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 25:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 26:
- OTHERS CRF FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 27:
- OTHERS CRF FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 28:
- OTHERS CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 29:
- LIQUID ALL FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 30:
- LIQUID ALL FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 31:
- LIQUID ALL FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 32:
- SRF FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 33:
- SRF FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 34:
- SRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 35:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 36:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 37:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 38:
- SPECIALITY FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 39:
- SPECIALITY FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 40:
- SPECIALITY FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 41:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 42:
- FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 43:
- FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 44:
- FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 45:
- FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 46:
- FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 47:
- FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 48:
- SOIL APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 49:
- SOIL APPLICATION OF SPECIALITY FERTILIZER IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 50:
- SOIL APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 51:
- SPECIALITY FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 52:
- SPECIALITY FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 53:
- SPECIALITY FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 54:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 55:
- FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 56:
- FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 57:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 58:
- FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 59:
- FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 60:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 61:
- FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 62:
- FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 63:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 64:
- SPECIALITY FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 65:
- SPECIALITY FERTILIZER CONSUMPTION BY COUNTRY IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 66:
- SPECIALITY FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 67:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 68:
- FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 69:
- FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 70:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 71:
- FERTILIZER CONSUMPTION IN METRIC TON, BANGLADESH, 2017 - 2030
- Figure 72:
- FERTILIZER CONSUMPTION IN USD, BANGLADESH, 2017 - 2030
- Figure 73:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BANGLADESH, 2023 VS 2030
- Figure 74:
- FERTILIZER CONSUMPTION IN METRIC TON, CHINA, 2017 - 2030
- Figure 75:
- FERTILIZER CONSUMPTION IN USD, CHINA, 2017 - 2030
- Figure 76:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, CHINA, 2023 VS 2030
- Figure 77:
- FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 78:
- FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 79:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 80:
- FERTILIZER CONSUMPTION IN METRIC TON, INDONESIA, 2017 - 2030
- Figure 81:
- FERTILIZER CONSUMPTION IN USD, INDONESIA, 2017 - 2030
- Figure 82:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDONESIA, 2023 VS 2030
- Figure 83:
- FERTILIZER CONSUMPTION IN METRIC TON, JAPAN, 2017 - 2030
- Figure 84:
- FERTILIZER CONSUMPTION IN USD, JAPAN, 2017 - 2030
- Figure 85:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, JAPAN, 2023 VS 2030
- Figure 86:
- FERTILIZER CONSUMPTION IN METRIC TON, PAKISTAN, 2017 - 2030
- Figure 87:
- FERTILIZER CONSUMPTION IN USD, PAKISTAN, 2017 - 2030
- Figure 88:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PAKISTAN, 2023 VS 2030
- Figure 89:
- FERTILIZER CONSUMPTION IN METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 90:
- FERTILIZER CONSUMPTION IN USD, PHILIPPINES, 2017 - 2030
- Figure 91:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PHILIPPINES, 2023 VS 2030
- Figure 92:
- FERTILIZER CONSUMPTION IN METRIC TON, THAILAND, 2017 - 2030
- Figure 93:
- FERTILIZER CONSUMPTION IN USD, THAILAND, 2017 - 2030
- Figure 94:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, THAILAND, 2023 VS 2030
- Figure 95:
- FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 96:
- FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
- Figure 97:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 98:
- FERTILIZER CONSUMPTION IN METRIC TON, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 99:
- FERTILIZER CONSUMPTION IN USD, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 100:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 101:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2017 - 2030
- Figure 102:
- ASIA-PACIFIC SPECIALTY FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 103:
- MARKET SHARE OF MAJOR PLAYERS IN %, ASIA-PACIFIC, 2022
Asia-Pacific Specialty Fertilizer Industry Segmentation
CRF, Liquid Fertilizer, SRF, Water Soluble are covered as segments by Speciality Type. 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.
- During the study period, the specialty fertilizers market in the region witnessed a robust growth of 94.2%. Moving forward, the market is projected to maintain a steady CAGR of 6.2%.
- In 2022, China, India, and Japan commanded the market, accounting for 78.9%, 5.6%, and 2.5% of its value, respectively. Notably, China emerged as both the leading producer and consumer of specialty fertilizers in the region. The market's focus on China and India is driven by their sizable populations, ample land availability, diverse climatic regions, and supportive government policies, including fertilizer trials.
- Field crops took the lion's share in 2022, capturing 72.3% of the market. Among these crops, the demand for polymer-coated, urea-based controlled-release fertilizers was particularly high, constituting 58.7% of the market. The use of poly-coated urea aids in bridging the gap between soil nitrogen availability and plant nitrogen demand, leading to a rising adoption of advanced fertilizers like these.
- Fertigation emerged as the dominant fertilizer application method, accounting for 70.4% of all applications. This preference can be attributed to the drawbacks of foliar fertilizers, which, if not applied correctly, can harm plants. The market share of foliar application stands at 35.4%.
- Driven by the desire to maximize crop yields per hectare, farmers have increasingly turned to specialized fertilizers like liquid, water-soluble, and controlled-release variants. This growing demand underscores the market's future potential.
| Speciality Type | CRF | Polymer Coated |
| Polymer-Sulfur Coated | ||
| Others | ||
| Speciality Type | 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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