Asia Pacific Boron Fertilizers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source (Boric Acid, Borax, and Others) and Application (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Others)
Market Introduction
Asia-Pacific continent comprises of several developing and developed economies such as China, India, Japan, South Korea, Australia, among others. The increased concern about soil profile and nutritional balance, as well as increased demand for high yield, are expected to drive the boron fertilizers market in the region. Boron fertilizers demand growth in emerging economies is expected to generate lucrative opportunities for the boron fertilizers industry in the near future. Also, growing need for exotic fruits and vegetables is the major factor driving the growth of the APAC boron fertilizers market.
The COVID-19 is anticipated to cause a significant economic loss in the Asia-Pacific especially in developing countries like India. The consequences and impact can be even worse and totally depends on the spread of the virus. The governments of various Asia-Pacific countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which in turn has negatively impacted the revenue generated by the market. The Government have asked the manufacturers to delay their production which will adversely affect the global supply of fertilizers. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the COVID-19 would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, India has the highest number of COVID -19 confirmed cases.
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Market Overview and Dynamics
The boron fertilizers market in APAC, is expected to reach US$ 1,560.69 million by 2028 from US$ 895.58 million in 2021. The market is estimated to grow at a CAGR of 8.3% from 2021 to 2028. In developing regions, a strong focus has been laid upon improvising and strengthening the agricultural facilities through increased investment and supportive government measures. The rising need for food security to support the increasing population along with the surging need to boost agricultural yield has propelled the adoption of mineral-based fertilizers such as boron fertilizers in developing regions.
Key Market Segments
The APAC boron fertilizers market is segmented into source, application and country. Based on source, the APAC boron fertilizers market is segmented into boric acid, borax, and others. The borax segment dominated the market in 2020 and boric acid segment is expected to be the fastest growing during the forecast period. By application, the APAC boron fertilizers market is segmented into oilseed and pulses, fruits and vegetables, cereals and grains, and others. The fruits and vegetables segment dominated the APAC boron fertilizers market in terms of value in 2020 and is expected to register the highest CAGR during the forecast period 2021–2028.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the boron fertilizers market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Eti Maden; MCC Russian Bor; Minera Santa Rita S.R.L; Quimical Tierra; Rose Mill Co.; Valagro S.P.A.; and Yara among others.
Reasons to buy report
- To understand the APAC boron fertilizers market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC boron fertilizers market
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
APAC Boron Fertilizers Market Segmentation
APAC Boron Fertilizers Market -By Source
- Boric Acid
- Borax
- Others
APAC Boron Fertilizers Market -By Application
- Fruits and Vegetables
- Cereals and Grains
- Oilseeds and Pulses
- Others
APAC Boron Fertilizers Market -By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of APAC
APAC Boron Fertilizers Market -Company Profiles
- Eti Maden
- MCC Russian Bor
- Minera Santa Rita S.R.L
- Quimical Tierra
- Rose Mill Co.
- Valagro S.P.A.
- Yara
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
3.2.8 Limitations and Assumptions
4. APAC Boron Fertilizers Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Expert Opinion
5. APAC Boron Fertilizers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Developing Awareness Regarding the Importance of Boron in Maintaining Soil Profile and Nutritional Balance
5.1.2 High Demand to Boost Agricultural Productivity in Developing Region
5.2 Market Restraints
5.2.1 Low Level of Awareness
5.3 Market Opportunities:
5.3.1 Growing Need for Exotic Fruits and Vegetables
5.4 Future Trends:
5.4.1 Rising Adaptation of Precision Agriculture
5.5 Impact Analysis of Drivers and Restraints
6. Boron Fertilizers – APAC Market Analysis
6.1 APAC Boron Fertilizers Market Overview
6.2 APAC Boron Fertilizers Market –Revenue and Forecast To 2028 (US$ Million)
7. APAC Boron Fertilizers Market Analysis – By Source
7.1 Overview
7.2 APAC Boron Fertilizers Market Breakdown, By Source, 2020 and 2028
7.3 Boric Acid
7.3.1 Overview
7.3.2 Boric Acid: APAC Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
7.4 Borax
7.4.1 Overview
7.4.2 Borax: APAC Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Others: APAC Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
8. APAC Boron Fertilizers Market Analysis – By Application
8.1 Overview
8.2 APAC Boron Fertilizers Market Breakdown, By Application, 2020 and 2028
8.3 Oilseed and Pulses
8.3.1 Overview
8.3.2 Oilseed and Pulses: APAC Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
8.4 Fruits and Vegetables
8.4.1 Overview
8.4.2 Fruits and Vegetables: APAC Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
8.5 Cereals and Grains
8.5.1 Overview
8.5.2 Cereals and Grains: APAC Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: APAC Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
9. APAC Boron Fertilizers Market – Country Analysis
9.1 Overview
9.1.1 Asia-Pacific: Boron Fertilizers Market, by Key Country
9.1.1.1 Australia: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Boron Fertilizers Market, by Source
9.1.1.1.2 Australia: Boron Fertilizers Market, by Application
9.1.1.2 China: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Boron Fertilizers Market, by Source
9.1.1.2.2 China: Boron Fertilizers Market, by Application
9.1.1.3 India: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Boron Fertilizers Market, by Source
9.1.1.3.2 India: Boron Fertilizers Market, by Application
9.1.1.4 Japan: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Boron Fertilizers Market, by Source
9.1.1.4.2 Japan: Boron Fertilizers Market, by Application
9.1.1.5 South Korea: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Boron Fertilizers Market, by Source
9.1.1.5.2 South Korea: Boron Fertilizers Market, by Application
9.1.1.6 Rest of Asia-Pacific: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia-Pacific: Boron Fertilizers Market, by Source
9.1.1.6.2 Rest of Asia-Pacific: Boron Fertilizers Market, by Application
10. Overview- Impact of Coronavirus Outbreak on APAC Boron Fertilizers Market
10.1 Overview
11. Company Profiles
11.1 Eti Maden
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Minera Santa Rita S.R.L
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Valagro S.P.A.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Quimical Tierra
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Rose Mill Co.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 MCC Russian Bor
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Yara
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 2. Australia: Boron Fertilizers Market, by Source–Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Boron Fertilizers Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Boron Fertilizers Market, by Source–Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Boron Fertilizers Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Boron Fertilizers Market, by Source–Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Boron Fertilizers Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Boron Fertilizers Market, by Source–Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Boron Fertilizers Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Boron Fertilizers Market, by Source–Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Boron Fertilizers Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia-Pacific: Boron Fertilizers Market, by Source–Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia-Pacific: Boron Fertilizers Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 2. APAC Boron Fertilizers Market Segmentation – By Country
Figure 3. APAC Boron Fertilizers Market Overview
Figure 4. Fruits and Vegetables Segment Held Largest Share of APAC Boron Fertilizers Market
Figure 5. China Held Largest Share of APAC Boron Fertilizers Market
Figure 6. APAC Boron Fertilizers Market, Industry Landscape
Figure 7. Asia-Pacific: PEST Analysis
Figure 8. Expert Opinion
Figure 9. APAC Boron Fertilizers Market Impact Analysis of Driver and Restraints
Figure 10. APAC: Boron Fertilizers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. APAC Fertilizers Market Breakdown, By Source, 2020 and 2028 (%)
Figure 12. APAC Boric Acid: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 13. APAC Borax: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 14. APAC Others: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 15. APAC Boron Fertilizers Market Breakdown, By Application, 2020 and 2028 (%)
Figure 16. APAC Oilseed and Pulses: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 17. APAC Fruits and Vegetables: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 18. APAC Cereals and Grains: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 19. APAC Others: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 20. Asia-Pacific: Boron Fertilizers Market, by Key Country-Revenue 2020 (US$ Million)
Figure 21. Asia-Pacific: Boron Fertilizers Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. Australia: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. China: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. India: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Japan: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 26. South Korea: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 27. Rest of Asia-Pacific: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Eti Maden
- MCC Russian Bor
- Minera Santa Rita S.R.L
- Quimical Tierra
- Rose Mill Co.
- Valagro S.P.A.
- Yara
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