Vietnam Specialty Fertilizer Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 163 Million |
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Market Size (2030) | USD 202 Million |
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Largest Share by Speciality Type | Liquid Fertilizer |
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CAGR (2024 - 2030) | 3.64 % |
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Fastest Growing by Speciality Type | CRF |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Vietnam Specialty Fertilizer Market Analysis
The Vietnam Specialty Fertilizer Market size is estimated at 163 million USD in 2024, and is expected to reach 202 million USD by 2030, growing at a CAGR of 3.64% during the forecast period (2024-2030).
163 Million
Market Size in 2024 (USD)
202 Million
Market Size in 2030 (USD)
2.20 %
CAGR (2017-2023)
3.64 %
CAGR (2024-2030)
Largest segment by Speciality Type
52.80 %
value share, Liquid Fertilizer, 2023
Liquid fertilizers domininating the market with efficiency in the addressing nutrient deficiencies and reduces the fertilization application wastage ensures optimal growth
Fastest Growing Speciality Type
5.20 %
Projected CAGR, CRF, 2024-2030
Growing adoption of CRFs in filed crop cultivation as these crops require higher nitrogen requirement, and capable of reducing nutrient leaching and volatilization
Largest Segment by Crop Type
6.66 %
Projected CAGR, Turf & Ornamental, 2024-2030
Higher nutrient requirement thourought their life cycle and adoption of efficient fertilizers for aesthetic look resulted in turf & ornamental crops higher market share
Largest segment by Application Mode
50.85 %
value share, Fertigation, 2023
Growing investments in high-technology irrigation systems like drip and sprinklers to address water scaricity lead the utilization of specialty fertilizers through fertigation
Leading Market Player
36.13 %
market share, Yara International ASA, 2022
Yara International emerged as the prominent player in the market by offering various CRFs, water-soluble fertilizers and other specialty fertilizers to wide range of crops
The rising demand for highly efficient fertilizers is driving the demand for specialty fertilizers
- The Vietnamese specialized fertilizer market witnessed water-soluble fertilizers reaching a value of USD 65.9 million in 2022. These fertilizers offer farmers the flexibility to adjust nutrient concentrations as per the evolving needs of plants during their growth cycle. By applying soluble fertilizers near the plant's root zone, farmers can save costs compared to intensive fertilization across a large area for the entire growing season. These advantages are fueling the demand for water-soluble fertilizers in Vietnam.
- The year 2020 saw the Vietnam specialty fertilizer market value decline by USD 15.1 million, primarily due to disruptions in international trade caused by the COVID-19 lockdown. This decline followed a trend from the previous year. Additionally, the market faced challenges from temperature fluctuations, erratic rainfall, and droughts.
- Liquid fertilizers dominate the specialty fertilizer market in Vietnam. With a growing emphasis on improving crop quality, meeting export standards, and adopting precision farming, the value of horticulture crops in this segment is projected to register a CAGR of 4.6% from 2023 to 2030.
- Control-release fertilizers (CRFs) and slow-release fertilizers (SRFs) gradually release nutrients at a consistent pace, catering to crop needs throughout the season, influenced by soil conditions. This unique feature of CRFs and SRFs not only reduces fertilizer usage and environmental degradation but also brings economic benefits to farmers. Consequently, the market for these fertilizers is poised for significant growth during 2023-2030.
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Vietnam Specialty Fertilizer Market Trends
The Vietnamese government has been promoting policies to reduce production costs, which is expected to increase the cultivation area under field crops
- Vietnam allocates significant land to field crops, with major focuses on rice, maize (corn), and other staples. Owing to its diverse climate and topography, Vietnam can cultivate a wide array of crops. However, the country witnessed a 6.6% decline in the area dedicated to field crop cultivation during the study period.
- Rice takes center stage as Vietnam's primary field crop, given its status as a staple food. It dominates the cultivation landscape, accounting for 81.8% of the total area, followed by corn at 10.2%. In 2022, Vietnam's rice production reached around 43.9 million metric tons, solidifying its position as a leading global exporter.
- Vietnam experiences three distinct cropping seasons: winter-spring (early season), summer-autumn (midseason), and autumn-winter (longer rainy season). Key agricultural hubs in the country encompass the Red River Delta, Mekong River Delta, and Southern Terrace. Rice stands as the primary crop across all three regions, with the Mekong Delta alone contributing to half of Vietnam's rice exports.
- The Vietnamese government has implemented policies aimed at reducing production costs. These measures include cutting back on fertilizer and pesticide usage, promoting locally-sourced fertilizers, and emphasizing their role in enhancing field crop productivity, quality, and profitability. The increase in crop failures due to nutrient deficiencies and the need for high-efficiency fertilizers to combat plant dwarfism are additional factors bolstering Vietnam's fertilizers market.
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Nitrogen is a vital nutrient required for a range of field crops, and its application is notably higher
- In 2022, field crops in Vietnam saw an average application rate of 123.94 kg per hectare for primary nutrients. Within this segment, grains and cereals emerged as the largest consumers of fertilizers. Notably, rice, wheat, and maize stood out as the top cereal crops in Vietnam, with average primary nutrient application rates of 155.49 kg/ha, 228.90 kg/ha, and 148.49 kg/ha, respectively, in the same year.
- Among the primary nutrients, nitrogen took the lead, with an average application rate of 221.43 kg/hectare for field crops. This emphasis on nitrogen stems from its role in bolstering various aspects of crop growth, such as tillering, leaf area development, grain formation, filling, and protein synthesis. It also positively impacts both yield and quality. Wheat took the crown for the highest nitrogen application rate at 492.06 kg/ha, followed by rice at 328.04 kg/ha.
- In Vietnam's Vinh Phuc province, significant portions of soil suffer from degradation, characterized by low organic matter, total available nitrogen below 0.08%, total phosphorus below 0.04%, and total potassium below 1.0%. Additionally, available phosphorus falls below 10 ppm. These deficiencies have contributed to a surge in fertilizer consumption in Vietnam, rising from 49.2 kg/ha in 1969 to 415.3 kg/ha by 2018, marking an average annual growth rate of 6.71%.
- Despite 43% of Vietnam's population being involved in agriculture, the sector's contribution to the country's GDP remains modest, accounting for only about 12.36%. However, as the nation strives for agricultural stability, the demand for fertilizers continues to rise, propelling the growth of Vietnam's fertilizers market during 2023-2030.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The growing demand for fresh produce from the country in other nations increasing the cultivation area under horticultural crops
- Manganese is the most applied micronutrient in vegetable crops in Vietnam due it its role in photosynthesis and carbohydrate synthesis
- Calcium holds the highest demand with the average application rate of 42.66 kg/ha
- The Mekong Delta and Red River Delta regions lead in the adoption of irrigation systems within the agriculture sector
- The average zinc content in soil was 15.0 mg/kg, which is lower in comparison with the Vietnamese recommendation of 200.0 mg/kg soil for agricultural soils
- Among the various crops, okra ranks as the highest nitrogen consumer, with a substantial application rate of 218.69 kg/ha
- Calcium is crucial for the development of plant tissue and overall growth in vegetables
Vietnam Specialty Fertilizer Industry Overview
The Vietnam Specialty Fertilizer Market is moderately consolidated, with the top five companies occupying 56.61%. The major players in this market are Baconco, Grupa Azoty S.A. (Compo Expert), Hebei Sanyuanjiuqi Fertilizer Co., Ltd., ICL Group Ltd and Yara International ASA (sorted alphabetically).
Vietnam Specialty Fertilizer Market Leaders
Baconco
Grupa Azoty S.A. (Compo Expert)
Hebei Sanyuanjiuqi Fertilizer Co., Ltd.
ICL Group Ltd
Yara International ASA
Other important companies include Haifa Group.
*Disclaimer: Major Players sorted in alphabetical order.
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Vietnam Specialty Fertilizer Market News
- 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.
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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.
Vietnam Specialty Fertilizer Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Acreage Of Major Crop Types
2.1.1. Field Crops
2.1.2. Horticultural Crops
2.2. Average Nutrient Application Rates
2.2.1. Micronutrients
2.2.1.1. Field Crops
2.2.1.2. Horticultural Crops
2.2.2. Primary Nutrients
2.2.2.1. Field Crops
2.2.2.2. Horticultural Crops
2.2.3. Secondary Macronutrients
2.2.3.1. Field Crops
2.2.3.2. Horticultural Crops
2.3. Agricultural Land Equipped For Irrigation
2.4. Regulatory Framework
2.5. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Speciality Type
3.1.1. CRF
3.1.1.1. Polymer Coated
3.1.1.2. Polymer-Sulfur Coated
3.1.1.3. Others
3.1.2. Liquid Fertilizer
3.1.3. SRF
3.1.4. Water Soluble
3.2. Application Mode
3.2.1. Fertigation
3.2.2. Foliar
3.2.3. Soil
3.3. Crop Type
3.3.1. Field Crops
3.3.2. Horticultural Crops
3.3.3. Turf & Ornamental
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Baconco
4.4.2. Grupa Azoty S.A. (Compo Expert)
4.4.3. Haifa Group
4.4.4. Hebei Sanyuanjiuqi Fertilizer Co., Ltd.
4.4.5. ICL Group Ltd
4.4.6. Yara International ASA
5. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- CULTIVATION OF FIELD CROPS IN HECTARE, VIETNAM, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, VIETNAM, 2017 - 2022
- Figure 3:
- CONSUMPTION OF MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, VIETNAM, 2022
- Figure 4:
- CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, VIETNAM, 2022
- Figure 5:
- CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, VIETNAM, 2022
- Figure 6:
- CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, VIETNAM, 2022
- Figure 7:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, VIETNAM, 2022
- Figure 8:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, VIETNAM, 2022
- Figure 9:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, VIETNAM, 2022
- Figure 10:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 11:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
- Figure 12:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 13:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN USD, VIETNAM, 2017 - 2030
- Figure 14:
- FERTILIZER CONSUMPTION VOLUME BY SPECIALITY TYPE IN %, VIETNAM, 2017 VS 2023 VS 2030
- Figure 15:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, VIETNAM, 2017 VS 2023 VS 2030
- Figure 16:
- CRF FERTILIZER CONSUMPTION BY COATING TYPE IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 17:
- CRF FERTILIZER CONSUMPTION BY COATING TYPE IN USD, VIETNAM, 2017 - 2030
- Figure 18:
- CRF FERTILIZER CONSUMPTION VOLUME BY COATING TYPE IN %, VIETNAM, 2017 VS 2023 VS 2030
- Figure 19:
- CRF FERTILIZER CONSUMPTION VALUE BY COATING TYPE IN %, VIETNAM, 2017 VS 2023 VS 2030
- Figure 20:
- POLYMER COATED CRF FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 21:
- POLYMER COATED CRF FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
- Figure 22:
- POLYMER COATED CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 23:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 24:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
- Figure 25:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 26:
- OTHERS CRF FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 27:
- OTHERS CRF FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
- Figure 28:
- OTHERS CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 29:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 30:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
- Figure 31:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION BY CROP TYPE IN USD, VIETNAM, 2017 - 2030
- Figure 32:
- SRF FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 33:
- SRF FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
- Figure 34:
- SRF FERTILIZER CONSUMPTION BY CROP TYPE IN USD, VIETNAM, 2017 - 2030
- Figure 35:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 36:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
- Figure 37:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY CROP TYPE IN USD, VIETNAM, 2017 - 2030
- Figure 38:
- SPECIALITY FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 39:
- SPECIALITY FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, VIETNAM, 2017 - 2030
- Figure 40:
- SPECIALITY FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, VIETNAM, 2017 VS 2023 VS 2030
- Figure 41:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, VIETNAM, 2017 VS 2023 VS 2030
- Figure 42:
- FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 43:
- FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN USD, VIETNAM, 2017 - 2030
- Figure 44:
- FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 45:
- FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 46:
- FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN USD, VIETNAM, 2017 - 2030
- Figure 47:
- FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 48:
- SOIL APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 49:
- SOIL APPLICATION OF SPECIALITY FERTILIZER IN USD, VIETNAM, 2017 - 2030
- Figure 50:
- SOIL APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 51:
- SPECIALITY FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 52:
- SPECIALITY FERTILIZER CONSUMPTION BY CROP TYPE IN USD, VIETNAM, 2017 - 2030
- Figure 53:
- SPECIALITY FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, VIETNAM, 2017 VS 2023 VS 2030
- Figure 54:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, VIETNAM, 2017 VS 2023 VS 2030
- Figure 55:
- SPECIALITY FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 56:
- SPECIALITY FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, VIETNAM, 2017 - 2030
- Figure 57:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 58:
- SPECIALITY FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 59:
- SPECIALITY FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, VIETNAM, 2017 - 2030
- Figure 60:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 61:
- SPECIALITY FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 62:
- SPECIALITY FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, VIETNAM, 2017 - 2030
- Figure 63:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 64:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, VIETNAM, 2017 - 2030
- Figure 65:
- VIETNAM SPECIALTY FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 66:
- MARKET SHARE OF MAJOR PLAYERS IN %, VIETNAM, 2022
Vietnam 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.
- The Vietnamese specialized fertilizer market witnessed water-soluble fertilizers reaching a value of USD 65.9 million in 2022. These fertilizers offer farmers the flexibility to adjust nutrient concentrations as per the evolving needs of plants during their growth cycle. By applying soluble fertilizers near the plant's root zone, farmers can save costs compared to intensive fertilization across a large area for the entire growing season. These advantages are fueling the demand for water-soluble fertilizers in Vietnam.
- The year 2020 saw the Vietnam specialty fertilizer market value decline by USD 15.1 million, primarily due to disruptions in international trade caused by the COVID-19 lockdown. This decline followed a trend from the previous year. Additionally, the market faced challenges from temperature fluctuations, erratic rainfall, and droughts.
- Liquid fertilizers dominate the specialty fertilizer market in Vietnam. With a growing emphasis on improving crop quality, meeting export standards, and adopting precision farming, the value of horticulture crops in this segment is projected to register a CAGR of 4.6% from 2023 to 2030.
- Control-release fertilizers (CRFs) and slow-release fertilizers (SRFs) gradually release nutrients at a consistent pace, catering to crop needs throughout the season, influenced by soil conditions. This unique feature of CRFs and SRFs not only reduces fertilizer usage and environmental degradation but also brings economic benefits to farmers. Consequently, the market for these fertilizers is poised for significant growth during 2023-2030.
| Speciality Type | |||||
| |||||
| Liquid Fertilizer | |||||
| SRF | |||||
| Water Soluble |
| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
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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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