
Indonesia NPK Fertilizer Market Growth, Trends, Revenue, Opportunities, Manufacturers, CAGR Status, Challenges and Competitive Analysis 2022-2032: SPER Market Research
Category :
Agriculture
Published: Mar-2023
Author: SPER Analysis Team
Indonesia NPK Fertilizer Market Growth, Trends, Revenue, Opportunities, Manufacturers, CAGR Status, Challenges and Competitive Analysis 2022-2032: SPER Market Research
Indonesia Complex (NPK) Fertilizer Market is projected to be worth USD XX billion by 2032.
Complex fertilizers, often known as NPK fertilizers, are those that combine nitrogen (N), phosphorous (P), and potassium (K), the three essential minerals that plants require (K). Lack of these nutrients can result in stunted growth, subpar crop yields, and increased susceptibility to disease. These nutrients are crucial for the growth and development of plants. NPK fertilisers are made by mixing several forms of nitrogen, phosphorous, and potassium, such as ammonium nitrate, urea, superphosphate, and muriate of potash, in different ratios. The percentage of each nutrient in the fertiliser is shown on the fertiliser package as a set of three figures, such as 20-20-20 or 10-20-10. These percentages of each nutrient depending on weight in the fertilizer are shown.
Nitrogen, a key element for plant growth as well as a constituent of proteins, DNA, and chlorophyll, is present in NPK fertilizers. Phosphorus is required for flowering and root development, whereas potassium is necessary for overall plant health, including water regulation, disease resistance, and fruit formation. The three nutrients nitrogen, phosphorus, and potassium, also known as NPK fertilizer, are essential for plants to thrive. One of the major producers of NPK fertiliser worldwide is Indonesia, which has a robust fertiliser industry. Complex fertilizers are helpful to farmers because they provide plants with a balanced supply of nutrients and do away with the need for multiple applications of different fertilizers. This lessens the potential of over-fertilizing, which could harm the environment and the plants in addition to saving time and money on labour.
The COVID-19 epidemic has had a range of effects on the Indonesian complex (NPK) fertiliser industry. On the one hand, the outbreak has disrupted international supply chains, causing the shipment of finished fertilizers and raw materials to be delayed. This led to significant shortages in the Indonesian market, especially in the early months of the pandemic. On the other hand, the pandemic also caused a rise in demand for food and agricultural products as people stored up on needs and home gardening became more popular. The need for advanced fertilizers has been spurred by farmers' desire to boost agricultural yields and productivity.
Throughout the pandemic, the Indonesian government has also taken steps to support the agricultural sector, including providing farmers with subsidies and financing support. As a result, demand for fertilizers, including complex fertilizers, has increased. The complicated fertiliser industry in Indonesia has usually faced some challenges as a result of the pandemic, but the nation's overall need for fertilisers remains relatively high. It is anticipated that when the global supply chain recovers and vaccine efforts continue, the market will gradually revert to normal levels.
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Indonesia Complex (NPK) Fertilizer Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Agrifert-Kucks, Petrokimia Gresiki, Pupuk Kalimantan Timur, Pupuk Kujung, Pupuk Sriwidjaya Palembang, Wilmar International, Yara International.
Indonesia Complex (NPK) Fertilizer Market Segmentation:
By Product Form: Based on the Product Form, Indonesia Complex (NPK) Fertilizer Market is segmented as; Blended, Granulated, Fused.
By Product Type: Based on the Product Type, Indonesia Complex (NPK) Fertilizer Market is segmented as; Nitrogen, Phosphorous, Potassium.
By Crops: Based on the Crops, Indonesia Complex (NPK) Fertilizer Market is segmented as; Oilseeds, Fruits, Vegetables, Cereals.
By Grade: Based on the Grade, Indonesia Complex (NPK) Fertilizer Market is segmented as; NPK 15-15-15, NPK 12-11-20, NPK 15-7-20, Others.
By Region: This report also provides the data for key regional segments of Sumatra, Java, Kalimantan, Sulawesi, Papua.
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This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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