Asia-Pacific Complex Fertilizers market size was around USD 15.72 billion in 2018. It is expected to grow at a CAGR of 7.1% to reach USD 22.15 billion by 2023. It captures 31% of the global market share.
The mixing of two or more of macro-nutrient type fertilizers produces compound fertilizers also known as complex fertilizers. Often, they are blended further with elements containing secondary or trace nutrients such as sulphur, calcium and magnesium.
Growing need for food security for the growing population, rising demand for oil seeds, advanced farming technologies which deliver safe and reliable application of complex fertilizers and the ease of application of complex fertilizers are the primary drivers of this market. This market represents a potential opportunity in the forecast period. Thus, several key players have heavily invested to augment their production capacities and to produce various complex fertilizers that are crop-specific. Secondary factors contributing to the growth of this market include the need to increase productivity, fertilizer intensity gaps across regions, level yield, and growing awareness about soil profile and nutritional balance which is supported by the state.
Paradigm shift towards organic food and non-food consumption is the major restraint of this market.
The Asia-Pacific Complex Fertilizers market can be categorized into three categories: by Type, by Crop Type, and by form. If we go by Type, Complex Fertilizers market is segmented into Incomplete (Diammonium phosphate, Monoammonium phosphate, Mono potassium phosphate, Potassium nitrate and Others (Nitro phosphate and urea phosphate)) and Complete (NPK (10-26-26), NPK (12-32-16), NPK (15-15-15) and Other NPK compounds). The incomplete complex fertilizers market is estimated to have a high CAGR during the aforementioned forecast period. The Diammonium phosphate fertilizers category was the largest in 2016. The Monoammonium phosphate fertilizers category is estimated to be the fastest-growing during the aforementioned forecast period. On the basis of Crop Type the market is categorized into Cereals, Oilseeds, Fruits & vegetables and others (turf & ornamentals, plantation crops, fibre crops, and silage & forage crops). In terms of volume Oilseeds are the fastest growing segment because of the growing demand for agricultural production. Furthermore, by form the market is segregated into solid and liquid. The solid segment commanded more than half of the market as per the data of 2016. It is economical to use it on low-cost cereals such as wheat and corn since it is a low-cost technique compared to the other techniques (such as fertigation).
By geography, the Asia-Pacific Complex Fertilizers market has been categorized into India, China, Japan, Korea and others. It is largest regional market. China followed by India and Japan is the leading market in this region. Growing demand for high-quality agricultural produce and improving agricultural practises are the primary causes attributable to the observable trend mentioned above.
Major companies in the Complex Fertilizers market are CF Industries Holdings Inc. (U.S.), Yara International ASA (Norway), The Mosaic Company (U.S.), EuroChem Group AG (Switzerland), Potash Corporation of Saskatchewan (Canada), PhosAgro (Russia), Agrium Inc. (Canada), Israel Chemicals Limited (Israel), Sociedad Química Y Minera De Chile (Chile), Haifa Chemicals Ltd., (Israel), Helena Chemical Company (U.S.), and Zuari Agro Chemicals Ltd (India).
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Incomplete Complex Fertilizers
5.1.2.1 Diammonium Phosphate
5.1.2.2 Monoammonium Phosphate
5.1.2.3 Monopotassium Phosphate
5.1.2.4 Potassium Nitrate
5.1.3 Complete Complex Fertilizers
5.1.3.1 N.P.K (10-26-26)
5.1.3.2 N.P.K. (12-32-16)
5.1.3.3 N.P.K. (15-15-15)
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2 Crop Type
5.2.1 Introduction
5.2.2 Cereals
5.2.2.1 Corn
5.2.2.2 Wheat
5.2.2.3 Rice
5.2.2.4 Others
5.2.3 Oilseeds
5.2.3.1 Soybean
5.2.3.2 Canola
5.2.3.3 Others
5.2.4 Fruits & Vegetables
5.2.5 Other Crop Types
5.2.6 Y-o-Y Growth Analysis, By Crop Type
5.2.7 Market Attractiveness Analysis, By Crop Type
5.2.8 Market Share Analysis, By Crop Type
5.3 Form
5.3.1 Introduction
5.3.2 Solid
5.3.3 Liquid
5.3.4 Y-o-Y Growth Analysis, By Form
5.3.5 Market Attractiveness Analysis, By Form
5.3.6 Market Share Analysis, By Form
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Crop Type
6.1.3.4 By Form
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Crop Type
6.1.4.4 By Form
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Crop Type
6.1.5.4 By Form
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Agrium Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 CF Industries Holdings, Inc
8.3 Coromandel International Ltd.
8.4 Eurochem Group AG
8.5 Haifa Chemicals Ltd.
8.6 Helena Chemical Company
8.7 Israel Chemicals Limited
8.8 Phosagro
8.9 Potash Corporation of Saskatchewan Inc.
8.10 Sociedad Química Y Minera De Chile SA
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
