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2020
South East Asia Organic Fertilizers Market

South East Asia Organic Fertilizers Market

by Source (Plant, Animal, and Mineral), Crop Type (Cereal & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), Form (Dry and Liquid), and Nutrient Content (Presence of Organic Substance up to 60%, Presence of Organic Substance from 40% to 60%, and Presence of Organic Substance from 20% to 40%): Opportunity Analysis and Industry Forecast, 2020-2027
Update Available On-Demand

Report Code: A07496
Pages: 153
Oct 2020 | 5144 Views
Author(s) : Yamini Parihar, Rutuja Danekar , Eswara Prasad
Tables: 77
Charts: 45
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South East Asia Organic Fertilizers Market Outlook - 2027

The South East Asia organic fertilizers market size was valued at $1.2 billion in 2019, and is anticipated to generate $2.1 billion by 2027. The market is projected to experience growth at a CAGR of 7.4% from 2020 to 2027.

South East Asian countries were spared due to quick and successful actions taken by the government and thus, organic fertilizers market in the region was impacted on medium level as the supply chain disruptions challenges impacted the market growth.

The world population is growing at the rate of 1.05%. The growth in population leads to rise in demand for food. As the availability of arable land is limited, the land management and crop yield management have become an important factor. The agriculture industry is under pressure to produce more food crops to meet the demand. The agriculture industry largely depends on fertilizers for increase in soil productivity. Majorly, synthetic or chemical fertilizers are used for increasing crop yield. However, there is shift toward use of organic fertilizers, owing to growth in awareness of harmful effects caused by chemical fertilizers to both human and environment. People are opting for organic food products and are also willing to pay a bit higher cost for them. This drives the demand for organic fertilizers. 

South-East-Asia-Organic-Fertilizers-Market-2020-2027

South East Asia is largely dependent on the agriculture industry for its income as this region employs a largen percentage of population. Increase in adoption of organic fertilizers in this region due to its benefits to the environment as it is experiencing several climatic changes and harm to the ecology systems. However, the climate changes are also acting as a restraining factor for the South East Asia organic fertilizers market growth. Meanwhile, rise in demand for organic food, especially from Europe and North America that are importing food from the South East Asia, offers opportunity for the market growth.

The key players operating in the organic fertilizers market are Alpha BioGreen, Bio-Flora (Singapore) PTE Ltd., Baconco Co., Ltd., Cropagro, Cropmate Fertilizers Sdn Bhd, PT. Jadi Mas - Fertilizers Factory, PT Pupuk Kaltim, Revisoil, SongGianh Corporation, and Thai Central Chemical Public Company Limited. The players in the market have adopted several strategies to sustain the market competition. The market players are also investing largely into R&D activities for the same, owing to increase in population that directly increases demand for food.

South East Asia Organic Fertilizers Market
By Source

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Mineral is projected as the most lucrative segment.

South East Asia organic fertilizers market, by source 

By source, the market is divided into plant, animal, and mineral. The plant segment dominated the market in 2019, as they break down quicker than other organics. However, mineral segment is expected to grow at higher pace during the forecast period, owing to increased acceptance and use of organic fertilizers and by volume is the top organic amendment.

South East Asia Organic Fertilizers Market
By Crop Type

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Fruits & Vegetables is projected as the most lucrative segment.

South East Asia organic fertilizers market, by crop type 

By crop type, the market is divided into cereal & grains, oilseeds & pulses, fruits & vegetables, and others. Cereals and grains segment dominated the South East Asia organic fertilizers market share in 2019, as they can be cultivated easily and provide high yield. The grains are relatively easy to handle and store because of their low water content, and also are very high in food value. Fruits & vegetables segment is expected to grow at a higher CAGR during the forecast period as the demand for fruits and vegetables is large and constantly increasing, the use of fertilizers to boost the crop growth for larger produce is also growing.

South East Asia Organic Fertilizers Market
By Form

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Liquid is projected as the most lucrative segment.

South East Asia organic fertilizers market, by form

By form, the market is segmented into dry and liquid. The dry segment dominated the market in 2019, as dry form of fertilizers possesses beneficial characteristics such as longer shelf life, ease to transport and apply, cost-effective, easy storage nature, and others. However, liquid fertilizers are expected to grow at faster pace as they penetrate quickly in the soil and provide faster access to nutrients.

South East Asia Organic Fertilizers Market
By Nutrient Content

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Presence of organic substance is more than 60% is projected as the most lucrative segment.

South East Asia organic fertilizers market, by nutrient content

By nutrient content, the market is categorized into presence of organic substance up to 60%, presence of organic substance from 40% to 60%, and presence of organic substance from 20% to 40%. The presence of organic substance up to 20% to 40% segment dominated the market in 2019, as they are capable of increasing soil organic matter, and organic farming can reinstate the natural fertility of the damaged soil. 

South East Asia Organic Fertilizers Market
By Country

2027
Rest Of East Asia 
Indonesia
Thailand
Singapore

Rest of South east Asia is projected as the most lucrative market.

South East Asia organic fertilizers market, by country

By country, the market is studied across Indonesia, Malaysia, Thailand, Singapore, and rets of South East Asia. Indonesia dominated the market in 2019, and it is expected to grow at a higher pace during the forecast period as the country is largely dependent on agriculture. In addition, increased government investment and subsidies on organic fertilizers also act as a driving factor for the market growth in the country. 

Key Benefits For Stakeholders

  • The report provides an in-depth analysis and South East Asia organic fertilizers market forecast along with the current and future market trends.
  • This report highlights the key drivers, opportunities, and restraints of the South East Asia organic fertilizers market along with the impact analyses during the forecast period.
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the South East Asia organic fertilizers industry for strategy building.
  • A comprehensive analysis of the factors that drive and restrain the market growth is provided.
  • The qualitative data in this report aims on South East Asia organic fertilizers market trends, dynamics, and developments.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable South East Asia organic fertilizers market share.

South East Asia Organic Fertilizers Market Report Highlights

Aspects Details
By Source
  • Plant
  • Animal
  • Mineral
By Crop Type
  • Cereals and grains
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Others
By Nutrient Contents
  • Presence of Organic Substance up to 60%
  • Presence of Organic Substance from 40% to 60%
  • Presence of Organic Substance from 20% to 40%
By Form
  • Dry
  • Liquid
By Region
  • South East Asia  (Indonesia, Malaysia, Thailand, Singapore, Rest of South East Asia)
Key Market Players ALPHA BIOGREEN SDN BHD, BACONCO CO., LTD., BIO-FLORA (SINGAPORE) PTE LTD., CROPAGRO.COM, CROPMATE FERTILIZERS SDN BHD, PT. JADI MAS, PT PUPUK KALIMANTAN TIMUR AND SUBSIDIARIES, PT. TRIDHARMA TATA PERKASA, SONGGIANH CORPORATION, THAI CENTRAL CHEMICAL PUBLIC COMPANY LIMITED.
 

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The South East Asia organic fertilizers market is consolidated in nature and is expected to grow at significant rate during the forecast period. This is attributed to rise in awareness toward harmful effects of chemical fertilizers on the human health and environment. In addition, the government in the region are also advocating use of organic fertilizers and also offering subsidies on these fertilizer’s to promote the growth of organic farming. Moreover, rise in international market for organic food has opened export & trade opportunities for the region. However, the climatic changes resulting into decreased yield act as restraint for the market growth as farmers opt for chemical fertilizers for instant results. The market growth in South East Asia region for organic fertilizers is expected to be at good pace as many governments are working on action plans with targets to achieve organic farming and contribute toward environment friendly methods by reducing land pollution.

 

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FREQUENTLY ASKED QUESTIONS?

A. The total market size of South East Asia Organic Fertilizers Market is $1.2 billion in 2019.

A. Alpha BioGreen, Bio-Flora (Singapore) PTE Ltd., Baconco Co., Ltd., Cropagro, Cropmate Fertilizers Sdn Bhd, PT. Jadi Mas - Fertilizers Factory, PT Pupuk Kaltim, Revisoil, are the emerging players in the industry.

A. Fertilizers that have presence of organic substance more than 60% such as crab waste and poultry waste are the major area of development in the industry.

A. Oilseeds & pulses, cereals & grains, and fruits & vegetables industry is projected to increase demand for South East Asia Organic Fertilizers market.

A. South East Asia Organic Fertilizers market is driven by increased demand for organic food, especially from Europe region that majorly imports organic food products from South East Asian Countries. The need for preventing the spread and infection has driven the demand for South East Asia Organic Fertilizers further fostering the market growth.

A. The most influencing segment is dry fertilizers based on form of the product.

A. Rest of South East Asia holds the maximum market share of the South East Asia Organic Fertilizers market.

A. Increased demand for organic food, subsidies on organic fertilizers, and government initiatives to support promote organic farming are expected to drive the adoption of South East Asia Organic Fertilizers.

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