Asia-Pacific Nitrogenous Fertilizers Market is Estimated to Grow at CAGR of 2.1%

Date: 2015-08-03

“The Asia-Pacific nitrogenous fertilizers market is estimated to grow at CAGR of 2.1% from 2014 to 2019. The increase in the population has created greater demand for food supply in Asia- Pacific. To serve the rising population with limited arable land farmers need to increase per hectare production of farm produce. This in turn leads to the rising use of fertilizers in Asia- Pacific. 

The report consists of an in-depth study of Asia-Pacific nitrogenous fertilizers market and its application in grain and oilseeds, fruits and vegetables and other crops, Grain and oilseed has a high share of 60.29% in the total Asia-Pacific nitrogenous fertilizers market. 

China is the largest country in this region with 47.2% market share in the Asia-Pacific nitrogenous fertilizers market.  The key nitrogenous fertilizers producers have been targeting both Japan and India, as the growth potential for the nitrogenous fertilizers market is high in these countries.

Sinofert Holdings Limited (China) contributed the largest share to the highly fragmented Asia-Pacific nitrogenous fertilizers market. The other companies present in the Asia-Pacific market are Eurochem (Switzerland), Bunge (U.S.), and Agrium Inc. (Canada)

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