South East Asia Organic Fertilizers Market Size, Share, Competitive Landscape and Trend Analysis Report, by Source, Crop Type, Form and Nutrient Content : Opportunity Analysis and Industry Forecast, 2020-2027

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.

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 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 

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 

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

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

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

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