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Published Date: 2016-03-03Number of Pages: 155

Controlled Release Fertilizers Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

The market for controlled release fertilizers in Asia Pacific is witnessing an immense rise, thanks to the growing need for food. The rapidly increasing population in this region has fueled two important needs of humans, food and shelter, which has resulted in less arable land but more people to feed.

Farmers and agriculturists are using advanced products and specialty fertilizers such as controlled release fertilizers to heighten crop yields from the limited farming land available across Asia Pacific. They are also focusing on modernizing their farming methods to boost harvest with the help of these fertilizers in order to fulfill the ever-rising demand for food.

The market opportunity in controlled release fertilizers in Asia Pacific, which stood at US$1.1 bn in 2014, is projected to rise at a CAGR of 7.20% from 2015 to 2023 and reach US$2.1 bn by the end of 2023.

China and India Lead Consumption of Controlled Release Fertilizers in Asia Pacific

The Asia Pacific controlled release fertilizers market is led by China and India. In 2014, China accounted for the majority share of the overall consumption of controlled release fertilizers and was closely followed by India and Japan. Together, these countries held a share of around 87% of its overall demand in this region that year.

Over the coming years, the demand for controlled release fertilizers is expected to increase at a faster rate than conventional fertilizers in these countries. However, the lack of awareness regarding the benefits offered by these fertilizers and their high cost will limit their application in other regions, which is why they are likely to witness a moderate growth in their adoption in the agriculture and the horticulture sectors.

 

asia-pacific-controlled-release-fertilizers-market

 

Controlled Release Fertilizers Find Maximum Application in Cereals and Pulses

Controlled release fertilizers are heavily utilized in the cultivation of oilseeds and pulses, cereals and grains, and fruits and vegetables. These fertilizers are also used to grow turf and ornamental plants. Among these, farmers mostly use these fertilizers in cereals and grain crops.

As cereals and grain are one of the most important parts of traditional diets in Asia Pacific – they hold almost two-third share of the overall calorie intake of an average Asian person - local farmers and agriculturists are being encouraged to uptake sustainable agriculture practices in order to increase their production with the efficient usage of specialty fertilizers such as controlled release fertilizers.

In 2014, the revenue generated by the application of controlled release fertilizers in cereals and grain attained a value of US$0.7 mn. Rising at a CAGR of 7.40% from 2015 to 2023 it is expected to reach US$1.3 mn by the end of the forecast period.

The Asia Pacific market for controlled release fertilizers demonstrates a moderately consolidated structure. ATS Group, Eurochem Agro Gmbh, Shikefeng Chemical Industry Co. Ltd., Kingenta Ecological Engineering Group Co. Ltd., Nufarm Ltd., Central Glass Co. Ltd., Haifa Chemicals Ltd., Compo Gmbh & Co. KG, Hif Tech Marketing Sdn. Bhd., Greenfeed Agro Sdn Bhd, Hanfeng Evergreen Inc., and AgroBridge are the major manufacturers of controlled release fertilizers in Asia Pacific.


Chapter 1 Preface 
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope & Assumptions 
1.4 Research Methodology

Chapter 2 Executive Summary
2.1 Controlled Release Fertilizers Market, 2014 - 2023, (Tons) (US$ Thousand)
2.2 Controlled Release Fertilizers: Market Snapshot, 2014 & 2023 

Chapter 3 Controlled Release Fertilizers – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
     3.3.1 Increasing Demand for Better Yield Crops
     3.3.2 Shift Toward Sustainable Agriculture
3.4 Restraints
     3.4.1 Lack of Awareness and High Cost Compared to Conventional Chemical Fertilizers
3.5 Opportunity
     3.5.1 Prospective Applications in Lawn & Garden Industry 
3.6 Porter’s Five Forces Analysis
     3.6.1 Bargaining Power of Suppliers
     3.6.2 Bargaining Power of Buyers
     3.6.3 Threat of New Entrants
     3.6.4 Threat of Substitutes
     3.6.5 Degree of Competition
3.7 Controlled Release Fertilizers Market: Market Attractiveness, by Application
3.8 Controlled Release Fertilizers Market: Market Attractiveness, by Country
3.9 Company Market Share Analysis (% Share, 2014)

Chapter 4 Price Trend Analysis
4.1 Asia Pacific Controlled Release Fertilizers Market Price Trend Analysis, 2014–2023 (US$/Ton)

Chapter 5 Controlled Release Fertilizers Market – Product Analysis
5.1 Asia Pacific Controlled Release Fertilizers Market: Product Analysis
5.2. Controlled Release Fertilizers Market for Polymer Sulfur Coated Urea/Sulfur Coated Urea, 2014 – 2023 (Tons) (US$ Thousand)
5.2. Controlled Release Fertilizers Market for Polymer Coated Urea, 2014 – 2023 (Tons) (US$ Thousand)
5.2. Controlled Release Fertilizers Market for Polymer Coated NPK Fertilizer, 2014 – 2023 (Tons) (US$ Thousand)
5.2. Controlled Release Fertilizers Market for Others, 2014 – 2023 (Tons) (US$ Thousand)

Chapter 6 Controlled Release Fertilizers Market – Application Analysis
6.1 Asia Pacific Controlled Release Fertilizers Market: Application Analysis
6.2 Controlled Release Fertilizers Market for Cereals & Grains, 2014 – 2023 (Tons) (US$ Thousand)
6.2 Controlled Release Fertilizers Market for Oilseeds & Pulses, 2014 – 2023 (Tons) (US$ Thousand)
6.2 Controlled Release Fertilizers Market for Fruits & Vegetables, 2014 – 2023 (Tons) (US$ Thousand)
6.2 Controlled Release Fertilizers Market for Others, 2014 – 2023 (Tons) (US$ Thousand)

Chapter 7 Asia Pacific Controlled Release Fertilizers - Regional Analysis
7 Asia Pacific Controlled Release Fertilizers Market Volume Share by Region
7.1 China
7.1 China Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.1 China Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.1 China Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.1 China Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.2 India
7.2 India Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.2 India Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.2 India Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.2 India Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.3 Japan
7.3 Japan Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.3 Japan Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.3 Japan Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.3 Japan Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.4 Australia
7.4 Australia Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.4 Australia Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.4 Australia Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.4 Australia Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.5 Korea
7.5 Korea Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.5 Korea Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.5 Korea Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.5 Korea Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.6 Indonesia
7.6 Indonesia Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.6 Indonesia Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.6 Indonesia Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.6 Indonesia Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.7 Pakistan
7.7 Pakistan Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.7 Pakistan Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.7 Pakistan Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.7 Pakistan Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.8 Malaysia
7.8 Malaysia Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.8 Malaysia Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.8 Malaysia Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.8 Malaysia Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.9 Thailand
7.9 Thailand Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.9 Thailand Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.9 Thailand Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.9 Thailand Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.10 Philippines
7.10 Philippines Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.10 Philippines Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.10 Philippines Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.10 Philippines Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.11 Vietnam
7.11 Vietnam Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.11 Vietnam Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.11 Vietnam Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.11 Vietnam Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.12 Myanmar
7.12 Myanmar Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.12 Myanmar Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.12 Myanmar Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.12 Myanmar Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.13 Cambodia
7.13 Cambodia Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.13 Cambodia Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.13 Cambodia Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.13 Cambodia Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)
7.14 Rest of Asia Pacific 
7.14 Rest of Asia Pacific Controlled Release Fertilizers Market Volume by Product, 2014 – 2023 (Tons)
7.14 Rest of Asia Pacific Controlled Release Fertilizers Revenue by Product, 2014 – 2023 (US$ Thousand)
7.14 Rest of Asia Pacific Controlled Release Fertilizers Market Volume by Application, 2014 – 2023 (Tons)
7.14 Rest of Asia Pacific Controlled Release Fertilizers Market Revenue, by Application, 2014 – 2023 (US$ Thousand)

Chapter 8 Company Profiles
8.1 ATS Group 
8.2 AgroBridge (Malaysia)
8.3 Shikefeng Chemical Industry Co. Ltd
8.4 Greenfeed Agro Sdn Bhd 
8.5 Haifa Chemicals Ltd. 
8.6 Hanfeng Evergreen Inc.
8.7 Nufarm Ltd 
8.8 HIF TECH SDN. BHD. 
8.9 Eurochem Agro Gmbh
8.10 Compo GMBH & Co. KG 
8.11 Kingenta Ecological Engineering Group Co., Ltd.
8.12 Central Glass Co., Ltd. 

Chapter 9 List of Customers

Chapter 10 Primary Research – Key Findings

Controlled release fertilizers are a part of enhanced efficiency fertilizers. They are granulated fertilizers that release nutrients gradually into the soil. Controlled release fertilizers are usually coated or encapsulated with inorganic or organic materials that regulate the rate, pattern, and duration of plant nutrient release. Common polymer materials used for coating are polysulfone (PSF), cellulose acetate (CA), and polyacrylonitrile (PAN). Most controlled release fertilizers are used in agriculture and horticulture applications. Controlled release fertilizers are employed in the cultivation of cereals & grains, oilseeds & pulses, and fruits & vegetables. Furthermore, they are used in the cultivation of turfs, lawns, and ornamental plants.

This study analyzes, estimates, and forecasts the controlled release fertilizers market in Asia Pacific in terms of volume (tons) and revenue (US$ thousand) from 2014 to 2023. Market numbers given in the report describe the demand for controlled release fertilizers in Asia Pacific, but not production or supply. The controlled release fertilizers report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

The report provides detailed analysis of the controlled release fertilizers by key products and applications. It segments the market into key products that include polymer sulfur coated urea/sulfur coated urea, polymer coated urea, polymer coated NPK fertilizer, and others (including coated micronutrients). It further segments the market into the following key applications: cereals & grains, oilseeds & pulses, fruits & vegetables, and others (turf, ornamental plants, etc.). The report also segments the market based on major countries into China, India, Japan, Australia, Korea, Indonesia, Pakistan, Malaysia, Thailand, the Philippines, Vietnam, Myanmar and Cambodia. It further provides volume and revenue for each application segment for each country. This includes 13 unique country-specific analysis.

Based on the application and country, the report analyzes the attractiveness of each segment and country with the help of an attractiveness tool. The study includes value chain analysis, which provides a better understanding of key players in the supply chain from raw material manufacturers to end-users. Additionally, the study analyzes market competition through Porter’s Five Forces Analysis.

The report includes an overview of the market share of key companies in the controlled release fertilizers market in Asia Pacific. Market share of companies has been derived on the basis of production by manufacturers of controlled release fertilizers. Key market players profiled in the study include Shikefeng Chemical Industry, ATS Group, AgroBridge (Malaysia), Greenfeed Agro Sdn Bhd, Haifa Chemicals Ltd, Nufarm Ltd, HIF TECH SDN. BHD, Eurochem Agro Gmbh, Compo GMBH & Co. KG, Kingenta Ecological Engineering Group Co., Ltd, and Central Glass Co Ltd. Profiles of key participants comprise important parameters such as company overview, financial overview, business strategy, and recent developments.

Primary research represents the majority of our research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of technical writing, recent trade, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and fruitful approach for procuring precise market data, recognizing business opportunities, and understanding industry participants’ perceptions.

Secondary research sources that are typically referred to include broker reports, corporation websites, external patented databases, financial reports, stockholder presentations, Securities & Exchange Commission filings, proprietary databases and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market. Secondary sources referred for this study include Chemical Week Magazine, ICIS Chemical Business Magazine, Hoover’s, Factiva, and company presentations. 

The report segments the controlled release fertilizers market in Asia Pacific as follows: 

Controlled Release Fertilizers Market - Product Analysis

  • Polymer sulfur coated urea/sulfur coated urea
  • Polymer coated urea
  • Polymer coated NPK fertilizer
  • Others (including coated micronutrients, etc.) 

Controlled Release Fertilizers Market - Application Analysis

  • Cereals & grains
  • Oilseeds & pulses
  • Fruits & vegetables
  • Others (including turf, ornamental plants, etc.) 

Controlled Release Fertilizers Market - Country Analysis

  • China
  • India
  • Japan
  • Australia
  • Korea
  • Indonesia
  • Pakistan
  • Malaysia
  • Thailand
  • Philippines
  • Vietnam
  • Myanmar
  • Cambodia
  • Rest of Asia Pacific 


 
 
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