Japan Compound fertilisers Market was valued at USD 7.2 Billion in 2022 and is projected to reach USD 9.1 Billion by 2030, growing at a CAGR of 3.0% from 2024 to 2030.
Japan's compound fertilizers market has experienced notable shifts in recent years, influenced by changing agricultural practices, regulatory developments, and evolving industry requirements. Understanding these dynamics is essential for stakeholders aiming to navigate this complex market effectively.
In 2020, Japan's domestic demand for compound fertilizers reached approximately 107.39 thousand tons, marking an increase from 88.08 thousand tons in 2012. Despite this growth in demand, the sales value of compound fertilizers declined from around 69.93 billion yen in 2016 to about 63.14 billion yen in 2020. This paradox suggests a trend towards more cost-effective fertilizer options without compromising agricultural productivity.
Several factors contribute to this market trend. The Japanese agricultural landscape is predominantly composed of small, family-owned farms, with the average farm size in 2019 being about 2.99 hectares. These farms often seek fertilizers that offer a balance between cost and efficiency, driving demand for affordable compound fertilizers that meet their specific needs.
Regulatory frameworks play a crucial role in shaping the fertilizer market. The Fertilizer Control Law ensures the quality and safety of fertilizers through standards, registration, and inspection systems. Amendments to this law have introduced stricter controls over raw materials used in fertilizers, requiring producers and importers to disclose detailed information about their products. This transparency helps prevent misleading advertising and ensures that fertilizers meet the necessary quality standards. The Food and Agricultural Materials Inspection Center (FAMIC), under the Ministry of Agriculture, Forestry and Fisheries (MAFF), oversees the approval process, emphasizing Japan's commitment to food safety and environmental sustainability.
Industry requirements are also evolving, with a growing emphasis on fertilizers that enhance soil health and support sustainable farming practices. There's an increasing demand for fertilizers that not only boost crop yields but also contribute to long-term soil fertility. This shift aligns with global trends towards sustainable agriculture and environmental stewardship.
In summary, Japan's compound fertilizers market is characterized by a delicate balance between cost considerations and the need for high-quality, effective fertilizers. Regulatory measures ensure product quality and safety, while the unique structure of Japanese agriculture drives demand for fertilizers tailored to the specific needs of small-scale farmers. As the market continues to evolve, stakeholders must stay informed about regulatory changes and industry trends to meet the dynamic requirements of Japanese agriculture effectively.
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Yangmei Chemical
Yara
Nutrien
Luxi Chemical Group
EuroChem
Hubei Yihua Chemical Industry
Kingenta
WengFu Group
QAFCO
CF Industries
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Compound fertilisers Market
Granular Fertilizers
Powder Fertilizers
Liquid Fertilizers
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Turf & Ornamentals
Soil Application
Foliar Application
Fertigation
High Nitrogen Fertilizers
High Phosphorous Fertilizers
High Potassium Fertilizers
Balanced Fertilizers
Agriculture
/Horticulture
Forestry
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Compound fertilisers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Compound fertilisers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Compound fertilisers Market, By Type
6. Japan Compound fertilisers Market, By Application
7. Japan Compound fertilisers Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Compound fertilisers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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