Asia-Pacific Fertilizer Market Outlook, 2027 (Business Opportunities - Advertising Service)

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Asia-Pacific Fertilizer Market Outlook, 2027

Bharat Book Bureau Provides the Trending Market Research Report on “Asia-Pacific Fertilizer Market Outlook, 2027” under Agriculture Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
Asia Pacific region has a favourable weather that best suits agriculture and so is the foremost occupation of the people. China and India together constitute for 36% of the world’s population. Such expanding population directly relates to increased food production. Fertilizer is the indispensable part of this. New land is inevitable and the existing land areas are being converted for other uses. This means intensification of existing land areas with good amounts of fertilizer nutrients. Asia Pacific region is dooming from a naturally fertile soil to a fertilizer dependent soil. Countries like Japan, Korea and Taiwan are estimated to be applying theomax in agriculture with no extra yields. Asian countries lack soil testing that are effective than other western countries. This is due to high prices for soil testing and an average Asian farmer cannot afford to shell out more than his income.
According to the research report “Asia Pacific Fertilizer Market Outlook, 2027" published by Bonafide Research, the fertilizer market is anticipated to grow at a CAGR of 5.67% by 2027. China is the principal market for fertilizers in this region as one of the major fertilizer exporter, producer and consumer. Less arable land results in repetitive use of fertilizers on same piece of land. Complex fertilizers are expected to be growing in demand by farmers at a rapid rate while nitrogen fertilizer is indispensable fertilizer. The fertilizer raw materials are highly fragmented and unequally found around the world as a result of which the transportation costs are very high. Nitrogen and Phosphorus fertilizers amount for majority market share in Asia Pacific. Dry fertilizers are expected to grow enormously in this region during the forecast period as liquid fertilizers are associated with high costs.
China is estimated to be exporting around five to six Million Tonnes of fertilizers to the world in a year. Chinese government banned the fertilizer exports in lieu of prices skyrocketing in their home country due to scarcity of fertilizers. This move had a drastic effect on the world fertilizer markets. China is the largest producer of phosphates and exported to USA, India, Pakistan and South East Asia. Chinese Agriculture Industry Development reported to have set a goal to become self- sufficient in staple food grains like rice, wheat, corn by 2035. China’s 2021 stats showed grain production hit a new level of 685 Billion Kg with significant rise in production of rice, wheat, corn, potatoes while, and beans production fell drastically.
Japan has 12.13% arable land as per 2018 stats but is short of labour. Japan is more prone to floods and the soil is not suitable for cultivation except some parts. However, they have come up with an idea of vertical farming which causes less or no use of fertilizers. The northern island of Hokkaido, accounts for 10% of Japan’s agriculture production. India’s Green Revolution has proved to be successful in food grain production and the demand for fertilizers has grown double over the years. Though India has increased fertilizer use, when compared to developed countries it is still low. The fertilizer use is also uneven with respect to state, district or region. However, government measures to organise campaigns for educating farmers on fertilizers and promotional advertisements through radio, television is anticipated to increase the fertilizer use further.

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Target State: Maharashtra
Target City : Navi Mumbai
Last Update : 01 March 2022 5:09 PM
Number of Views: 50
Item  Owner  : Priya Prakash
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Contact Phone: 0222781077273

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