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 . Planned capacity expansion and rising demand for complex fertilizers due to ever increasing food demand in Asian subcontinent and heightened need to improve crop yield will drive the market growth in the mid-long term . As countries strive to increase domestic production of complex fertilizers and improve agricultural productivity , the market for complex fertilizers is expected to gain traction . Complex fertilizer market is anticipated to grow from USD ~ billion in 2018 to USD ~ billion by 2022 at a CAGR of ~% during the period 2018-2022 . Overall , complex fertilizer production in Asia is expected to grow at a CAGR of ~% during 2018-2022 , whereas consumption of complex fertilizers is expected to incline at a CAGR of ~% during the same period .
China is expected to continue its dominance in the Asia complex fertilizer market by accounting for highest production and consumption of complex fertilizers in the forecasted period 2018- 2022 . The market share of Top 5 countries is expected to grow during the next five years due to rise is demand for complex fertilizers owing to increasing focus of countries to improve agricultural productivity and provide food security for the citizens .
Keywords :
Asia Complex Fertilizer Demand Asia Complex Fertilizer Consumption Asia Complex Fertilizer Production Asia Complex Fertilizer Market Asia Granulated NPK Consumption Asia Blended NPK Consumption Asia NPK Fertilizer Demand Asia NPK Fertilizer Consumption Asia NPK Fertilizer Production Asia NPK Fertilizer Market
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