Asia-Pacific Micronutrient Fertilizer Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.85 Billion |
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Market Size (2030) | USD 2.77 Billion |
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Largest Share by Product | Copper |
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CAGR (2024 - 2030) | 6.96 % |
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Largest Share by Country | India |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific Micronutrient Fertilizer Market Analysis
The Asia-Pacific Micronutrient Fertilizer Market size is estimated at 1.85 billion USD in 2024, and is expected to reach 2.77 billion USD by 2030, growing at a CAGR of 6.96% during the forecast period (2024-2030).
1.85 Billion
Market Size in 2024 (USD)
2.77 Billion
Market Size in 2030 (USD)
4.96 %
CAGR (2017-2023)
6.96 %
CAGR (2024-2030)
Largest Segment by Type
32.15 %
value share, Copper, 2023
Increasing copper deficiencies in the countries like China, India and Vietanm and growing awareness of micronutrient deficiencies including copper will drive the market.
Fastest Growing Type
8.17 %
Projected CAGR, Boron, 2024-2030
Most of the soils in the region are sandy, highly leached and calcarious soils making them boron deficient and thus driving the market growth during forecast period.
Largest Segment by Crop Type
83.83 %
value share, Field Crops, 2023
Shifting focus toward balanced nutrition, increasing area under field crops, and need to maintain micronutrient levels in the soil for the proper growth may drive the market
Largest segment by Country
41.50 %
value share, India, 2023
India dominated the market owing to adoption of intensive and modern cropping practices with high-yielding cultivars resulted in increased micronutrient deficiencies.
Leading Market Player
9.78 %
market share, Yara International ASA, 2022
Its success largely stems from the supply of its specialized foliar micronutrient products, branded as YaraVita, formulated with premium nutrient compounds.
Growing awareness and their importance in the agriculture production may drive the market in the region
- Boron was the most consumed micronutrient in the region, with a consumption volume share of 26.5% in 2022. The majority of boron consumption is attributed to the region's soils, which have reduced water content and higher nitrogen levels that limit boron uptake by plants, leading to increased utilization of boron micronutrients.
- In Asia-Pacific, zinc held the second-largest market share in terms of consumption, with a share of 26.2% and a volume of 159.1 thousand metric tons in 2022. The demand for zinc is anticipated to continue rising in the coming years due to its vital role in the growth and development of plants.
- Copper accounted for 28.6% of the Asia-Pacific micronutrient market's value in the region in 2022. It is an important micronutrient needed in small quantities. It acts as a catalyst in many important plant reactions during growth and plays a key role in protein formation.
- Iron was the third most-consumed micronutrient fertilizer in the region, accounting for a 20.8% share among all micronutrients in 2022. Iron plays an important role in a plant's growth and development as it contains many enzymes and acts as a catalyst in chlorophyll formation. The growing iron deficiency in the soil is expected to fuel the growth of the market.
- Hence, owing to factors like the need for higher yield and productivity and the growing knowledge among farmers about their importance in crop cultivation, the market for micronutrients in the region is anticipated to grow between 2023 and 2030 with a value CAGR of 6.8%.
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Nutrient deficiencies and growing awareness among farmers regarding malnutrition problems may drive the market
- In 2022, India and China emerged as the dominant players in the Asia-Pacific micronutrient fertilizer market, capturing 41.7% and 31.7% of the market share, respectively. The Centre for Science and Environment (CSE) highlighted India's soil deficiencies, with boron, iron, and zinc being the most prominent, at 47%, 37%, and 39% respectively. This makes India the leading market in the region, although it fares better in terms of copper and manganese deficiencies.
- Recognizing the gravity of fertilizer overuse, the Chinese government introduced the "Action Plan for the Zero Increase of Fertilizer Use." This regulation has curtailed the usage of fertilizers, including micronutrient variants. Consequently, the growth rate of micronutrients, especially in the field crops segment, has been limited to a modest CAGR of 3.8%.
- Studies have consistently highlighted the prevalence of boron deficiency in countries like Korea, Malaysia, and Taiwan. This deficiency is particularly pronounced in volcanic, acidic, and calcareous soils, significantly impacting crops like peanuts, soybeans, papaya, and citrus. As a result, the market for boron micronutrient fertilizers has witnessed a surge.
- The Food and Fertilizer Technology Centre for the Asian and Pacific Region has observed that applying micronutrients through the foliar mode, such as 0.5% iron sulfate, manganese sulfate, and 0.1% copper sulfate, at the recommended dosages, effectively mitigates crop deficiency symptoms.
- Given the imperative of ensuring food security, the demand for micronutrient fertilizers in Asia-Pacific is projected to register a robust CAGR of 6.8% during 2023-2030.
Asia-Pacific Micronutrient Fertilizer Market Trends
The significant expansion in the cultivation of major growing crops is anticipated to boost the growth of the fertilizers market
- Field crop cultivation dominates the Asia-Pacific region, accounting for more than 95% of the total crop area. Rice, wheat, and corn are the major field crops produced in the region, together accounting for about 38% of the total crop area in 2022. The rising area under cultivation is expected to increase the need for fertilizer usage in the country.
- The Asia-Pacific region, which include China, India, Pakistan, and Australia, is among the world's largest wheat producers. China and India are also the world's largest wheat producers and consumers. Wheat is one of the major staple foods of this region, driving the increase increase in demand and consumption. Notably, the area under wheat cultivation increased by 638.6 thousand ha from 2018 to 2022. In 2022, China accounted for the production of 138 million metric tons of wheat, making it the largest wheat producer in the world, and India recorded wheat production of 103 million metric tons.
- Rice is the largest cultivated field crop in the region. Its cultivation alone accounted for about 16.44% of the total agricultural land in 2022. Rice is the staple food of Asia and most parts of the Pacific region. China was projected to produce 147 million tons of rice, and India was expected to harvest 124 million tons of rice in 2022. India was also expected to consume 109 million tons while exporting a world-leading 19.5 million tons.
- The surge in both domestic and international demand for field crops has prompted an expansion in the cultivation area dedicated to these crops. This significant increase in cultivated land is expected to have a direct and positive impact on the Asia-Pacific fertilizer market throughout the 2023-2030 period.
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Rapeseed/canola accounted for the highest average nutrient application rate of 9.2 kg/hectare in 2022
- The demand for micronutrients has grown in recent years due to the accelerated rates of nutrient removal in high-yielding crops. Micronutrient deficiency is widespread in Asia-Pacific, which is one of the major regions affected by this deficiency. Zinc, manganese, and copper are estimated to be the major types of nutrients applied largely for field crops, accounting for 12 kg/hectare, 9.1 kg/hectare, and 7.2 kg/hectare, respectively, in 2022.
- The lack of awareness about the benefits of using micronutrient fertilizers among the farming community in developing countries and the high cost associated with the purchase of these fertilizers are some of the factors limiting the growth of micronutrient fertilizers in the region.
- By crop type, rapeseed/canola accounted for the highest average nutrient application rate of 9.2 kg/hectare in 2022, followed by corn/maize and rice, accounting for 6.7 kg/hectare and 5.4 kg/hectare, respectively. The impact of specific micronutrients differs among crops and across the region. For instance, in the case of wheat, the major micronutrient deficiencies are copper and manganese. In countries like China, India, and Japan, boron and molybdenum are identified as deficient in wheat. Similarly, in rapeseed/canola, the major deficiencies are zinc, manganese, and copper.
- As farmers aim to get more out of every planted hectare, the popularity of micronutrients in the production of crops has increased rapidly in the recent past. High micronutrient deficiency and increasing demand for crops have encouraged farmers to adopt more micronutrients to increase soil health and enhance crop productivity.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The growing demand for fruits and vegetables is driving the expansion of horticulture cultivation area in Asia-Pacific
- India possesses one of the most expansive irrigated regions, relying on a comprehensive infrastructure of canals, reservoirs, and tube wells to bolster its diverse agricultural sector
- The deficiency of boron, zinc, manganese, and molybdenum is extremely common in cruciferous vegetables
Asia-Pacific Micronutrient Fertilizer Industry Overview
The Asia-Pacific Micronutrient Fertilizer Market is fragmented, with the top five companies occupying 28.85%. The major players in this market are Chambal Fertilizers & Chemicals Ltd, Coromandel International Ltd., Indian Farmers Fertiliser Cooperative Limited, Yara International ASA and Zuari Agro Chemicals Ltd (sorted alphabetically).
Asia-Pacific Micronutrient Fertilizer Market Leaders
Chambal Fertilizers & Chemicals Ltd
Coromandel International Ltd.
Indian Farmers Fertiliser Cooperative Limited
Yara International ASA
Zuari Agro Chemicals Ltd
Other important companies include Grupa Azoty S.A. (Compo Expert), Haifa Group, ICL Group Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Micronutrient Fertilizer Market News
- November 2019: IFFCO Launches its Nano Technology based Products nano nitrogen, nano zinc and nano copper for on- field trials as part of its efforts to cut United Statesge of chemical fertilisers and boost farmers' income.
- February 2019: Haifa Group announced the opening of a new trading company in China. The establishment of the new Haifa subsidiary in China will enable the group to significantly expand its offerings to China agriculture sector.
- February 2019: Coromandel International announced a strategic partnership with Agrinos. The partnership allows Coromandel to widen its product offerings of complete plant nutrition solutions, organic fertilizers, and specialty nutrients. Coromandel, in partnership with Agrinos, will offer growers high-technology inputs under the brand name ARITHRI.
Free with this Report
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.
Asia-Pacific Micronutrient 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鈥�
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
2.3. 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. Product
3.1.1. Boron
3.1.2. Copper
3.1.3. Iron
3.1.4. Manganese
3.1.5. Molybdenum
3.1.6. Zinc
3.1.7. Others
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
3.4. Country
3.4.1. Australia
3.4.2. Bangladesh
3.4.3. China
3.4.4. India
3.4.5. Indonesia
3.4.6. Japan
3.4.7. Pakistan
3.4.8. Philippines
3.4.9. Thailand
3.4.10. Vietnam
3.4.11. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Chambal Fertilizers & Chemicals Ltd
4.4.2. Coromandel International Ltd.
4.4.3. Grupa Azoty S.A. (Compo Expert)
4.4.4. Haifa Group
4.4.5. ICL Group Ltd
4.4.6. Indian Farmers Fertiliser Cooperative Limited
4.4.7. Yara International ASA
4.4.8. Zuari Agro Chemicals Ltd
5. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter鈥檚 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, ASIA-PACIFIC, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, ASIA-PACIFIC, 2017 - 2022
- Figure 3:
- CONSUMPTION OF MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, ASIA-PACIFIC, 2022
- Figure 4:
- CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, ASIA-PACIFIC, 2022
- Figure 5:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, ASIA-PACIFIC, 2022
- Figure 6:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 7:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 8:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 9:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 10:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 11:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 12:
- BORON FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 13:
- BORON FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 14:
- BORON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 15:
- COPPER FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 16:
- COPPER FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 17:
- COPPER FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 18:
- IRON FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 19:
- IRON FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 20:
- IRON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 21:
- MANGANESE FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 22:
- MANGANESE FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 23:
- MANGANESE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 24:
- MOLYBDENUM FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 25:
- MOLYBDENUM FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 26:
- MOLYBDENUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 27:
- ZINC FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 28:
- ZINC FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 29:
- ZINC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 30:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 31:
- OTHERS FERTILIZER CONSUMPTION IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 32:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 33:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 34:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 35:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 36:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 37:
- FERTIGATION APPLICATION OF MICRONUTRIENTS FERTILIZER IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 38:
- FERTIGATION APPLICATION OF MICRONUTRIENTS FERTILIZER IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 39:
- FERTIGATION APPLICATION OF MICRONUTRIENTS FERTILIZER IN VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 40:
- FOLIAR APPLICATION OF MICRONUTRIENTS FERTILIZER IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 41:
- FOLIAR APPLICATION OF MICRONUTRIENTS FERTILIZER IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 42:
- FOLIAR APPLICATION OF MICRONUTRIENTS FERTILIZER IN VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 43:
- SOIL APPLICATION OF MICRONUTRIENTS FERTILIZER IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 44:
- SOIL APPLICATION OF MICRONUTRIENTS FERTILIZER IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 45:
- SOIL APPLICATION OF MICRONUTRIENTS FERTILIZER IN VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 46:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 47:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 48:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 49:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 50:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 51:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 52:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 53:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 54:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 55:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 56:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 57:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 58:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, ASIA-PACIFIC, 2023 VS 2030
- Figure 59:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 60:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY COUNTRY IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 61:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 62:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 63:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 64:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 65:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 66:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, BANGLADESH, 2017 - 2030
- Figure 67:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, BANGLADESH, 2017 - 2030
- Figure 68:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BANGLADESH, 2023 VS 2030
- Figure 69:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, CHINA, 2017 - 2030
- Figure 70:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, CHINA, 2017 - 2030
- Figure 71:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, CHINA, 2023 VS 2030
- Figure 72:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 73:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 74:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 75:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, INDONESIA, 2017 - 2030
- Figure 76:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, INDONESIA, 2017 - 2030
- Figure 77:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDONESIA, 2023 VS 2030
- Figure 78:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, JAPAN, 2017 - 2030
- Figure 79:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, JAPAN, 2017 - 2030
- Figure 80:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, JAPAN, 2023 VS 2030
- Figure 81:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, PAKISTAN, 2017 - 2030
- Figure 82:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, PAKISTAN, 2017 - 2030
- Figure 83:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PAKISTAN, 2023 VS 2030
- Figure 84:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 85:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, PHILIPPINES, 2017 - 2030
- Figure 86:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PHILIPPINES, 2023 VS 2030
- Figure 87:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, THAILAND, 2017 - 2030
- Figure 88:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, THAILAND, 2017 - 2030
- Figure 89:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, THAILAND, 2023 VS 2030
- Figure 90:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 91:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
- Figure 92:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 93:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 94:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 95:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 96:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2017 - 2030
- Figure 97:
- ASIA-PACIFIC MICRONUTRIENT FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 98:
- MARKET SHARE OF MAJOR PLAYERS IN %, ASIA-PACIFIC, 2022
Asia-Pacific Micronutrient Fertilizer Industry Segmentation
Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others are covered as segments by Product. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Australia, Bangladesh, China, India, Indonesia, Japan, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.
- Boron was the most consumed micronutrient in the region, with a consumption volume share of 26.5% in 2022. The majority of boron consumption is attributed to the region's soils, which have reduced water content and higher nitrogen levels that limit boron uptake by plants, leading to increased utilization of boron micronutrients.
- In Asia-Pacific, zinc held the second-largest market share in terms of consumption, with a share of 26.2% and a volume of 159.1 thousand metric tons in 2022. The demand for zinc is anticipated to continue rising in the coming years due to its vital role in the growth and development of plants.
- Copper accounted for 28.6% of the Asia-Pacific micronutrient market's value in the region in 2022. It is an important micronutrient needed in small quantities. It acts as a catalyst in many important plant reactions during growth and plays a key role in protein formation.
- Iron was the third most-consumed micronutrient fertilizer in the region, accounting for a 20.8% share among all micronutrients in 2022. Iron plays an important role in a plant's growth and development as it contains many enzymes and acts as a catalyst in chlorophyll formation. The growing iron deficiency in the soil is expected to fuel the growth of the market.
- Hence, owing to factors like the need for higher yield and productivity and the growing knowledge among farmers about their importance in crop cultivation, the market for micronutrients in the region is anticipated to grow between 2023 and 2030 with a value CAGR of 6.8%.
| Product | |
| Boron | |
| Copper | |
| Iron | |
| Manganese | |
| Molybdenum | |
| Zinc | |
| Others |
| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
| Country | |
| Australia | |
| Bangladesh | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Pakistan | |
| Philippines | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
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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 - 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
糖心vlog传媒 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聽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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