The Asia-pacific Phosphatic fertilizer Market is Expected to Reach $36,701.3 million by 2018 - Report by MicroMarket Monitor
(PRWEB) November 30, 2014 -- The Asia-pacific Phosphatic fertilizer Market report defines and segments the phosphatic fertilizers market in Asia-pacific with analysis and forecast of revenue. The phosphatic fertilizers market in Asia-pacific is estimated to grow from around $32,931.6 million in 2013 to $36,701.3 million by 2018, at a CAGR of 2.2% from 2013 to 2018.
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The demand for fertilizers in Asia-Pacific has been influenced by factors such as economic growth, population, growth of agriculture sector, government policies. Asia-Pacific accounts for 50.0% to 60.0% of the total world nutrient use and 40.0% of the world's crop land.
The agricultural sector in this region of the world is very prominent, and the part of population dependent on the agrarian sector is very large. Hence, farmers of this region put more efforts to increase the efficiency of land by using various farm inputs. This drives the demand of phosphatic fertilizers in this region. The most preferred phosphatic fertilizer in the Asia-pacific region is super phosphate.
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China is the major market acquiring 46.7% of the total Asia- pacific market revenue in the year 2013. India is the emerging market in the Asia-pacific phosphatic fertilizer industry.
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This market is segmented and forecast based on types of phosphatic fertilizers, such as diammonium phosphate, monoammonium phosphate, super phosphate and others. It is also segmented based on application, such as grains & cereals, and fruits & vegetables. The market is segmented and forecast based on major countries, such as the China, Japan, and India.
This report includes the market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.
Related Reports :
Global Phosphatic Fertilizers in Fruits & Vegetables Market
The phosphatic fertilizers market can be segmented by ingredient, company, geography, and macro indicator. The ingredients include phosphorus chemicals. The major regions considered in the report are North America, Europe, Asia, Latin America, and RoW. The main macro indicator that has an impact on the market is agricultural land.
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