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Asia pacific Specialty Fertilizers Market

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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.
Efforts to Adopt Sustainable Agriculture Practices is anticipated to fuel the development of
the Asia pacific Specialty Fertilizers Market
Overview
Speciality fertilizers are small fertilizer particles that restrict the amount of moisture touch and
assist progressively in the launch of fertilizer nutrients into the crops. These fertilizers make
contributions to advanced fertilizer control programs and to revolutionary farming structures.
They permit multiplied nutrient uptake in plants and reduced potential for nutrient losses to
the environment while in comparison to different fertilizer merchandise.
Specialty fertilizers are blended with the soil previous to sowing. These fertilizers release
essential vitamins and manage the quantity of moisture contact. Further, uniqueness fertilizers
decorate the uptake of nutrients, minimize feasible loss of nutrient, and decrease the toxicity
caused due to high ionic attention. They enhance the consumption of pesticide and acts as
binding agents to prevent leaching. Diverse uniqueness fertilizers encompass potassium sulfate,
DAP, phosphoric acid, mono-ammonium phosphate, UAN, potassium nitrate, ammonium
nitrate, mono potassium phosphate, calcium nitrate, urea, potassium chloride, and ammonium
sulfate.
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The Asia-Pacific Speciality Fertilizers market was worth USD 2.4 billion in 2016 and estimated to
be developing at a CAGR of 9.1%, to reach USD 3.71 billion by 2021.
Drivers and Restraints:
Few factors driving the market growth are the increasing adoption of sustainable agriculture
practices across the world, consciousness is on lowering the cost of farming so one can meet
environmental protection measures. The marketplace is growing due to the growing
advantages of these fertilizers over the traditional fertilizers. These fertilizers continuously
assist in offering nutrients to plants, they may be greater green and it additionally enables in
minimizing the labor. The nutrients released through these fertilizers are in enough amounts
and are completely absorbed by using the plant life. Growing demand for food, environmental
concerns, growing government support, growing non-public investments and reduced land
availability are attributing the market growth.
As for the restrictions on the marketplace, the relative price of strong point fertilizers as
compared to ordinary fertilizers is the principal contributing factor. Moreover, in growing
countries, the clients are not completely privy to the benefits of the usage of special fertilizers
and generally tend to stick to conventional fertilizers for agriculture.
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Geographic Segmentation
Based on geography, the Asia-Pacific market is split into India, China, South Korea, Japan,
Australia and relaxation of APAC. The Asia-Pacific vicinity has the highest increase price of all
regions coming in with a CAGR of 9.1%. The area additionally has the third maximum market
proportion with 16% of the worldwide market. China is the main domestic market for the
market in this place.
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The leading companies of the market include Haifa Chemicals (Israel), Sinochem Group (China),
Vardhaman Fertilizers and Seeds (India) and Sungro Seeds (India), 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).
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.
Contact Info:
Name: Mr. Abhishek Shukla
Email: [email protected]
Organization: MarketDataForecastā„¢
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Author
Bhargav
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