 | • レポートコード：MRC2106A478 • 出版社/出版日：Mordor Intelligence / 2021年5月30日 • レポート形態：英文、PDF、138ページ • 納品方法：Eメール（受注後2-3営業日） • 産業分類：農業 |
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レポート概要
| 本調査資料は、アジア太平洋の微量元素肥料市場について調査し、イントロダクション、調査手法、エグゼクティブサマリー、市場動向、種類別分析、用途別分析、形状別分析、作物別分析、地域別分析、競争状況、市場機会/将来の見通し、新型コロナウイルス感染症の影響などを掲載しています。 |
The Asia-Pacific micronutrient fertilizer market is projected to register a CAGR of 7.2% during the forecast period. The restriction imposed during the pandemic led to a shortage of migrant laborers. This amidst distribution bottlenecks widened the gap between the workforce required for production and available ones over the region. This resulted in a shortage of supply of raw materials required to produce micronutrient fertilizer over a shorter term. Owing to often insufficient micronutrient fertilization during the pandemic restrictions, the steady growth of crop yields is anticipated to compound the problem by progressively depleting soils of their micronutrient supply.
The decreasing arable land and increasing demand for food are propelling growers to increase their agricultural productivity and build sustainable food systems globally, and this is expected to augment the growth of micronutrient fertilizers in the region. Among all the countries in the region, China is the largest market for micronutrient fertilizer consumption, followed by India.
Micronutrient deficiency is widespread in the Asia-Pacific region, which is one of the major regions where crop yield is affected by the deficiency. More than half of the cereal crop soils are zinc deficient and around one-third of the cultivated soil is iron deficient. It is estimated that 40-55% of the soils are moderately deficient in zinc, 25-35% in boron, and approximately 10-15% in other micronutrients. Paddy rice soils are the most susceptible to zinc deficiency and hence, there is a high demand for zinc fertilizers from key rice growing areas of Thailand, Philippines, India, and China among others. Hence, there is growing demand for zinc-based micronutrient fertilizers in these areas over the years.
Key Market Trends
Growing Deficiency of Micronutrients in Soil
Micronutrient deficiencies are frequently observed in intensively grown cereals, oilseeds, pulses, and vegetable crops. Hence, in order to obtain quality products and better yields, farmers are starting to increasingly adopt the use of micronutrients in their crops. The organic matter content in the soil is very low in most of the parts in India, resulting in poor soil fertility, lower output, and increasing import dependency on chemical fertilizers. The impact of particular micronutrients differs from crop to crop and across regions. For instance, in the case of wheat, the major micronutrient deficiencies are copper and manganese. In countries like China, India, and Japan, boron and molybdenum are identified to be deficient in wheat.
As reported by the All India Coordinated Research Project on “Micro and Secondary Nutrients and Pollutant Elements in Soils and Plants” (2016), nearly 49% of the soil samples across the country had a deficiency in Zinc, followed by 33% of the soil being deficient in Boron.
In addition to soil nutrition deficiency, the imbalanced application of different plant nutrient fertilizers is a major problem in most of the developing countries like India. The demand for high-quality soil across the country is driving the overall micronutrient fertilizer market in the Asia-Pacific region since India is one of the largest micronutrient fertilizer consumers in the world.
China is the Largest Market in Micronutrient Fertilizer Consumption
Among all the countries in the Asia-Pacific region, China holds the largest share in terms of consumption, accounting for about 33% of the micronutrient fertilizer market. Increased focus on agricultural productivity and government support strategies are the major factors for the growth of the Chinese micronutrient fertilizer segment. The Ministry of Agriculture of the People’s Republic of China in 2016 proposed the plan to reduce the reliance and usage of pesticides such as fertilizers by 2020 and further promote the development and usage of environmentally friendly products such as micronutrient fertilizers owing to the increasing demand for novel chemicals in the agricultural sector to enhance the production.
Micronutrient deficiencies are widespread in China because of the generally low micronutrient availability in soils and also because of increasing nutrient demands from increasingly intensive cropping practices. Manganese deficiency is a widespread problem, most often occurring in sandy soils, organic soils with a pH above 6, and heavily weathered, tropical soils, particularly in Northern China.
Although fertilizer usage in the country has been increasing over the years, micronutrient deficiency such as zinc deficiency in the soil has been increasing along with the expansion in the agricultural production. High micronutrient deficiency and increasing demand for crops have encouraged the farmers to adopt more micronutrients, in order to increase soil health and enhance crop productivity.
Competitive Landscape
The market for micronutrient fertilizers in the Asia-Pacific region is moderately consolidated with the international players such as The Mosaic Company, FMC Corporation, AkzoNobel NV, Yara International ASA, BASF SE, Haifa Chemicals Ltd., Coromandel International Limited, Valagro SpA, and others along with many small regional players occupying and capturing the overall market. The most adopted strategies for these players have been mergers and acquisitions as well as the expansion of the market base in the Asia-Pacific region.
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1 INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness – Porter’s Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Zinc
5.1.2 Manganese
5.1.3 Copper
5.1.4 Boron
5.1.5 Molybdenum
5.1.6 Iron
5.1.7 Others
5.2 Application
5.2.1 Soil
5.2.2 Foliar
5.2.3 Fertigation
5.2.4 Others
5.3 Form
5.3.1 Chelated
5.3.2 Non-Chelated
5.4 Crop
5.4.1 Grains and Cereals
5.4.2 Oilseeds and Pulses
5.4.3 Fruits and Vegetables
5.4.4 Others
5.5 Geography
5.5.1 China
5.5.2 Vietnam
5.5.3 Thailand
5.5.4 Australia
5.5.5 Indonesia
5.5.6 Japan
5.5.7 India
5.5.8 Rest of Asia-Pacific
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 The Mosaic Company
6.3.2 Akzonobel NV
6.3.3 Yara International ASA
6.3.4 BASF SE
6.3.5 Haifa Chemicals Ltd.
6.3.6 Valagro SpA
6.3.7 Coromandel International Limited
6.3.8 Wilbur-Ellis Company
6.3.9 The Andersons Plant Nutrition (Nulex Inc)
6.3.10 Zuari Agro Chemicals Ltd.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID -19 ON THE MARKET