Ken Research - Asia Complex Fertilizer Market Outlook to 2022

Asia Complex Fertilizer Market is Expected to Reach over USD 18 billion by 2022: Ken
Research
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)
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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.
 Asia’s 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.
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.
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.
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