Asia-Pacific Fertilizers Market - Growth, Trends, and Forecast (2019 - 2024)

The Asia-Pacific Fertilizers Market is segmented by Type (Nitrogenous, Phosphatic, Potassic, and Other Types), Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Plantation Crops, and Other Crops), and Geography (China, Japan, India, and Rest of Asia-Pacific).

Market Snapshot

AsiaPacifc Fertilizers
Study Period:


Base Year:


Fastest Growing Market:

South East Asia

Largest Market:


Key Players:

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Asia-Pacific Fertilizers Market

The Asia-Pacific fertilizers market was valued at USD 8.87 billion in 2018, and it is expected to register a CAGR of 6.9% during the forecast period (2019-2024).

  • In the Asia-Pacific fertilizers market, China is the largest consumer of fertilizers accounting for 52% of the total market.
  • The major factors driving the market are technological innovations in the fertilizer market, growth in the demand for micronutrient fertilizer, decrease in per capita arable land, and increase in demand for food.
  • High production cost and growing demand for biofertilizers are restraining the growth of the market.

Scope of the Report

The study analyzes the current scenario of the Asia-Pacific fertilizers market. It covers extensive segmentation on product type and by country, along with forecast up to 2023. In addition to this, an overview of the key players in the Asia-Pacific fertilizers market is also included in the report. The report also includes regulatory analysis and detailed value chain analysis of the countries in the Asia-Pacific region.

Calcium Ammonium Nitrate (CAN)
Ammonium Nitrate
Ammonium Sulfate
Anhydrous Ammonia
Other Nitrogenous Fertilizers
Monoammonium Phosphate (MAP)
Diammonium Phosphate (DAP)
Triple Superphosphate (TSP)
Other Phosphatic Fertilizers
Muriate of Potash (MOP)
Other Potassic Fertilizers
Other Types
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Plantation Crops
Other Crops
Rest of Asia-Pacific

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Key Market Trends

Decreasing Per Capita Arable Land and Increasing Demand for Food

Population in the Asia-Pacific region is increasing at a rapid rate. This growing population is adding to the food demand. Supplying food to this growing population has become a threat. On the other hand, arable land is declining, due to industrialization and urbanization. Fertilizers have been used for a long time to increase the productivity of crops. This adequate and balanced use of fertilizer may help in feeding the growing population from the available cultivable land. Hence, the major factors driving the demand for fertilizers include the need for crop intensification while pursuing increasingly sustainable practices, and seeking biological alternatives to boost production with decreased pressure on the environment to close the yield gap.

APAC Fertilizer

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China Dominates the Asia-Pacific Fertilizers Market

China feeds 22% of the world’s population with merely 12.68% of the arable land. The major crops that are grown in China are rice, wheat, potatoes, corn, peanuts, tea, millet, barley, apples, cotton, and oilseed. According to the China Agriculture Industry Development report, China has a goal to become self-sufficient in staple foods, like rice, corn, and wheat, by 2035. The government ensures a minimum price for the grains and provides storage for them in the government silos. Farmers in the country are also using fertilizers and pesticides to increase the production. The most important agricultural area in the country is the North China Plain, which extends across several provinces. China is the largest consumer of fertilizers in the Asia-Pacific region and represented around 52% share in the Asia-Pacific fertilizers market in 2017.

APAC fertilizer

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Competitive Landscape

The Asia-Pacific fertilizers market is highly fragmented with the top five market players cornering very minimal share in the market. The development of regional markets and increasing shares of local players in the foreign direct investment are the major factors promoting the fragmented nature of the market. Maximum competitor activities are recorded in Indonesia and China. 

Major Players

  1. China BlueChemical Ltd
  2. Sinofert Holding Ltd
  3. PT Petrokimia Gresik
  4. Hubeu Xin Yanf Feng Fertilizer Industry Limited
  5. Yara International

* Complete list of players covered available in the table of contents below


Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat from Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Nitrogenous

        1. Urea

        2. Calcium Ammonium Nitrate (CAN)

        3. Ammonium Nitrate

        4. Ammonium Sulfate

        5. Anhydrous Ammonia

        6. Other Nitrogenous Fertilizers

      2. 5.1.2 Phosphatic

        1. Monoammonium Phosphate (MAP)

        2. Diammonium Phosphate (DAP)

        3. Triple Superphosphate (TSP)

        4. Other Phosphatic Fertilizers

      3. 5.1.3 Potassic

        1. Muriate of Potash (MOP)

        2. Other Potassic Fertilizers

      4. 5.1.4 Other Types

    2. 5.2 Application

      1. 5.2.1 Grains and Cereals

      2. 5.2.2 Pulses and Oilseeds

      3. 5.2.3 Fruits and Vegetables

      4. 5.2.4 Plantation Crops

      5. 5.2.5 Other Crops

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. Indonesia

        6. Vietnam

        7. Thailand

        8. Philippines

        9. Rest of Asia-Pacific


    1. 6.1 Vendor Market Share

    2. 6.2 Mergers and Acquisitions

    3. 6.3 Company Profiles

      1. 6.3.1 China BlueChemical Ltd

      2. 6.3.2 Sinofert Holding Ltd

      3. 6.3.3 PT Petrokimia Gresik

      4. 6.3.4 Hubeu Xin Yanf Feng Fertilizer Industry Limited

      5. 6.3.5 Yara International

      6. 6.3.6 Groupe OCP

      7. 6.3.7 ICL- Israel Chemicals Ltd

      8. 6.3.8 Haifa Chemicals Ltd

      9. 6.3.9 PT Pupuk Iskandar Muda

      10. 6.3.10 PT Pupuk Kujang

      11. 6.3.11 PT Pupuk Kalimantan Timur

      12. 6.3.12 PT Pupuk Sriwidjaya Palembang

      13. 6.3.13 The Mosaic Company


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