South East Asia Organic Fertilizers Market to see 7.4% CAGR over 2020-2027 | USD 2.1 billion
The key players of the South East Asia organic fertilizers market analyzed in the research are Alpha BioGreen, Baconco Co., Ltd., Bio-Flora (Singapore) PTE Ltd., SongGianh Corporation, etc.
South East Asia Organic Fertilizers Market is witnessing significant growth between 2020 to 2027. The report offers an extensive analysis of changing market trends, key winning strategies, top segments, business performance of key players, and competitive scenario.
The focus of farmers on improving productivity in agricultural activities and preference for organic food among population drive the growth of the South East Asia organic fertilizers market. However, uncertain climate conditions that affect farming activities hinder the market growth.
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Based on source, the plant segment contributed to the highest market share in 2019, accounting for more than half of the total market share, and is projected to maintain its leadership status during the forecast period. However, the mineral segment is estimated to manifest the highest CAGR of 7.7% from 2020 to 2027.
On the other hand, rise in awareness regarding harmful effects of chemical fertilizers on humans and the environment is expected to present new opportunities in the coming years.
Based on crop type, the cereal & grains segment accounted for the largest market share, holding more than three-fifths of the total share of the South East Asia organic fertilizers market, and is expected to witness its dominant share throughout the forecast period.
The report says that, South East Asia organic fertilizers market is anticipated to surpass USD 2.1 billion by 2027 and to growth at a CAGR of 7.4% from 2020 to 2027. The economic turbulence among farmers has reduced their capabilities to buy fertilizers. As economies of the South East Asian countries gain momentum, the demand would grow.
The report offers detailed segmentation of the South East Asia organic fertilizers market based on source, crop type, form, nutrient content, and country.
The research also analyzes segments including Malaysia, Thailand, Singapore, and the rest of East Asia. Based on country, Indonesia held the highest market share, accounting for nearly one-fifth of the global share in 2019, and is estimated to continue its lead status throughout the forecast period. Moreover, this country is estimated to manifest the largest CAGR of 7.4% from 2020 to 2027.
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The key players of the South East Asia organic fertilizers market analyzed in the research are Alpha BioGreen, Baconco Co., Ltd., Bio-Flora (Singapore) PTE Ltd., SongGianh Corporation, Cropmate Fertilizers Sdn Bhd, PT. Jadi Mas - Fertilizers Factory, Cropagro, Revisoil, PT Pupuk Kaltim, and Thai Central Chemical Public Company Limited.
Key offerings of the report:
• Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
• Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
• Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
• Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
• Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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