Published Date: 2022-08-08
Request a sample
APAC Fertilizer Market size is projected to reach USD 116 billion by 2028, according to a latest forecast report by Graphical Research.
Spiraling food demand, coupled with increased interest in organic farming practices, is pushing product manufacturing across Thailand and Malaysia. According to the International Federation of Organic Agriculture Movements (IFOAM – Organics International), arable crops such as wheat, rice, oil seeds, cotton, nuts, and tea represent a major percentage of organic land use in Asia.
Due to its conflicts with Ukraine, Russia, one of the largest exporters of fertilizers, halted its fertilizer exports from February 2022 onwards. Thailand, for instance, imported over 500,000 tons of the product from Russia in 2021, via a port in Ukraine. To address the outcomes, countries in Asia Pacific will aim to increase their domestic production capabilities.
The dry fertilizer segment will witness over 2% CAGR between 2022 and 2028, due to the cost efficacy of these products. These products offer advantages such as easy storage and efficient pre-plant application. The slow-release granular mixes ensure that plants feed longer into the season, providing optimal nutrient value.
Since agriculture and plantation are two major industries in the nation, Malaysia inorganic fertilizers industry size is expected to see a continual expansion. Presence of organizations such as the Fertilizer Industry Association of Malaysia (FIAM) has enabled the regional market participants to fortify their position internationally and locally. The country has been aiming to bring down the imports of commodities such as rice. In September 2021, the Malaysian minister for Agriculture and Food Industries announced that the regional rice buffer stock will be increased to about 290,000 metric tons by 2023, to mitigate rice shortage.
Browse detailed statistical insights from the report, “Asia Pacific Fertilizer Market Forecast 2028 By Form (Dry, Liquid), By Application (Agriculture, Horticulture, Gardening), By Product (Organic, Inorganic), Research Report, Country Outlook, (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1616/asia-pacific-fertilizer-market
China fertilizer industry will exceed $44.6 million by 2028, driven by supportive government policies aimed at enhancing agricultural output. The declining availability of arable land has been a key concern for the government, who anticipates major food shortage crisis over the next few years if appropriate steps are not taken. According to the regional Ministry of Natural Resources, the total arable land in China was spread across nearly 1.28 million sq. km. during 2019. Efficient use of limited land will be the focus amidst growing pressure from the industrialized and agricultural economy. In October 2021, the Chinese government introduced a regulation to curb fertilizer exports, in order to cater to the domestic demand during the product shortage worldwide.
The market research report for fertilizer in APAC includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Form
Asia Pacific Market, By Product
Asia Pacific Market, By Application
The above information has been provided for the following countries:
The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.
Read More