Asia Complex Fertilizer Consumption

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Asia Complex Fertilizer Production
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Asia Complex Fertilizer Market by Region (China,
India, Vietnam, Indonesia, Thailand and Others),
by product form (Granulated/Fused or Blended), by
type (two or three nutrients), by crops (cereals,
oilseeds, fruits vegetables and others), by
grade (NPK 16-16-8, NPK 20-20-15, NPK 15-15-15,
NPK 20-20-0 and Others) Asia complex fertilizer
market is driven by increasing focus to improve
agricultural productivity, superior efficacy of
complex fertilizers, increasing food demand and
need to ascertain food security for countries.
The market is also expected to grow due to
technological innovations such as slow or
controlled release complex fertilizers, water
soluble complex fertilizers and bio-complex
fertilizers. A number of companies intend to
expand their existing production capacity and
several others are venturing into the sector in
the near future.
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Asia Complex Fertilizer Market In the next five
years, consumption of complex fertilizers is
expected to grow at a CAGR of 1.9 during the
period 2017-2022. Consequently, production of
complex fertilizers is expected to grow at a CAGR
of 3.1 during the same period. Growing emphasis
on curbing water and soil pollution and urgent
need to improve agricultural productivity is
expected to augment the demand for complex
fertilizers in Asian countries, according to
Analyst at Ken Research.  
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Ken Research in its latest study, Asia Complex
(NPK) Fertilizer Market Outlook to 2022 - by
Grade (NPK 16-16-8, NPK 20-20-15, NPK 15-15-15,
NPK 20-20-0 and Others), by Region (China, India,
Vietnam, Indonesia, Thailand and Others) suggests
that Kingenta, Coromandel International, Binh
Dien Fertilizer, Petrokimia Gresik and Thai
Central Chemicals will remain the major players
in this space in China, India, Vietnam, Indonesia
and Thailand respectively. However, these major
players will witness rising competition from
existing and new entrants launching reasonably
priced products in the market. Asia complex
fertilizer market is expected to register steady
growth in the near future owing to anticipated
rise in international market prices of Urea, DAP
and MAP.
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Companies mentioned Kingenta Ecological
Engineering Group, Hubei Xinyangfeng, China XLX
Fertiliser, Sino-Arab Chemical Fertilizers,
Coromandel International, Indian Farmer
Fertilizer Cooperative Limited (IFFCO), Paradeep
Phosphates Limited (PPL), Rashtriya Chemicals and
Fertilizers Limited, Fertilizers and Chemicals
Travancore Limited, Gujarat State Fertilizers
Chemicals Limited, Gujarat Narmada Valley
Fertilizers Chemicals, Madras Fertilizers
Limited (MFL), Mangalore Chemicals Fertilizers
Limited (MCF), Zuari Fertilsers and Chemicals
Limited, Tata Chemicals Limited, Deepak
Fertilisers and Petrochemicals Corporation,
Greenstar Fertilizers Limited (GFL), Binh Dien
Fertilizer, Lam Thao Fertilizers and Chemicals,
The Southern Fertilizer Company, Japan Vietnam
Fertilizer Company, Baconco Group, Petrokimia
Gresik, Pupuk Kalimantan Timur, Pupuk Kujang,
Pupak Sriwidjaja Palembang
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The population of Asia is anticipated to rise to
4,698.7 million by 2022, growing at a CAGR of
0.8 during the period 2017-2022. This is going
to increasingly drive the food demand of the
continent and need to increase agricultural
productivity. Asias food grain production is
expected to grow at a CAGR of 2.1 during
2017-2022 from 1,274.5 million MT in 2017 to
1,413.9 million MT by 2022. Net irrigated area is
also set to grow at a CAGR of 1.9 to 219.4
million hectares in 2022 from 199.3 million
hectares in 2017. Both the factors are expected
to augment the demand for complex fertilizers in
the near future.
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To know more on Research methodology, Price and
other information on report, refer to below
link https//www.kenresearch.com/agriculture-and-
animal-care/crop-protection/asia-complex-npk-ferti
lizer-market/143884-104.html    Related Reports
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ResearchAnkur Gupta, Head Marketing
Communicationssales_at_kenresearch.com91-901537824
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