(Australia-NewsWire.Com, February 07, 2018 ) The Asia-Pacific Specialty Fertilizers Market was worth USD 2.4 billion in 2016 and estimated to be growing at a CAGR of 9.1%, to reach USD 3.71 billion by 2021. Specialty Fertilizers are granulated fertilizers that gradually supply nutrients to the soil. They can additionally be modified through chemical techniques so as to provide the required nutrient uptake. These methods include coating, encapsulation and solubility reduction.
Speciality Fertilizers can be synthetic or organic. In some fertilizers, the nutrients are not directly released into the soil in a form that can be utilized by plants. They require micro-organisms present in the soil to convert them into nutrient forms that can be utilized by the plants. Specialty Fertilizers also reduces the loss of nutrients, especially nitrates and loss of ammonia due to evaporation.
The Asia-Pacific Specialty Fertilizers market is driven by a slew of factors such as growing food demand, environmental concerns, growing government support, increasing private investments and decreased land availability. All of the problems such as land availability, environmental concerns and growing food demand is relevant most in the Asia-Pacific region where the population growth is on an unprecedented scale. There is increased pressure to produce more using less land while minimally affecting the ecosystem. As for the constraints to the market, the relative expense of specialty fertilizers as compared to normal fertilizers is the main contributing factor. Additionally, in developing countries the customers are not completely aware of the advantages of using specialty fertilizers and tend to stick to conventional fertilizers for agriculture.
Phosphatic Potassic Nitrogenous Y-o-Y Growth Analysis, By Product Type Market Attractiveness Analysis, By Product Type Market Share Analysis, By Product Type Action
Controlled Release Slow Release Y-o-Y Growth Analysis, By Action Market Attractiveness Analysis, By Action Market Share Analysis, By Action Crops Application
Crop-Based Application Non-Crop-Based Application Y-o-Y Growth Analysis, By Crops Application Market Attractiveness Analysis, By Crops Application Market Share Analysis, By Crops Application Based on geography, the Asia-Pacific market is divided into India, China, South Korea, Japan, Australia and Rest of APAC. The Asia-Pacific region has the highest growth rate of all regions coming in with a CAGR of 9.1%. The region also has the third highest market share with 16% of the global market.
Some of the major companies dominating the market, by their products and services include Haifa Chemicals (Israel), Sinochem Group (China), Vardhaman Fertilizers and Seeds (India) and Sungro Seeds (India) which are native to Asia-Pacific region. In addition to this companies such as The Mosaic Company (USA), Verdesian Life Sciences (US), Agrium (Canada), Potash Corporation of Saskatchewan (Canada), Yara International (Norway), Sociedad Quimica y Minera S.A (Chile) also operate in the region.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com