Asia Phosphate Fertilizers Market, 2024-2030

Phosphorus is an essential nutrient required for plant growth. If soils are deficient in phosphorus, food production becomes restricted. It helps in root development, plant maturation, and seed development. Soil gets depleted of phosphorus due to several reasons including being washed away by rain. Therefore, modern farming is reliant on the use of phosphorus based fertilizers. The most commonly used phosphatic fertilizers are Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), NPKs, and SSP.

The Asia phosphate fertilizers market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the Asia phosphate fertilizers market is growing at a fast pace and increasing its geographical footprint rapidly. The Asia phosphate fertilizers market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

Increasing population in and declining arable lands are driving the fertilizers market in the Asia. Increased awareness among the farming community, increasing demand for food grains, need for better land use efficiency are some other factor accelerating the fertilizers market. Value-added fertilizers are set to drive growth.

The major challenge is the scarcity and non renewability of this resource coupled with government imposed regulations, which may affect market. Phosphate fertilizers market price trend is expected to fluctuate owing to scarcity of raw materials.

The Asia phosphate fertilizers market has remarkable usage across all major countries in the Asia such as China, Indonesia and India. However China is dominating the market as it has been self-sufficient for production of all sorts of vegetables and grains. Some of the major players in Asia phosphate fertilizers market are China BlueChemical Ltd, Sinofert Holding Ltd, Hubeu Xin Yanf Feng Fertilizer Industry Limited, PT Pupuk Kujang

Research Methodology

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation. Market Krystal held more than 30 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the Asia phosphate fertilizers industry dynamics
• Estimation of the present Asia phosphate fertilizers market size in terms of value and volume
• Asia phosphate fertilizers market breakup based on type and application
• Substantiated Asia phosphate fertilizers market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of Asia phosphate fertilizers industry value chain