Southeast Asian Fertilizer Market to Grow at 5.4% CAGR from 2022 to 2028 | CRI Report

XUHUI, China - Sept. 5, 2023 - PRLog -- CRI Report, Shaghai - The Southeast Asian fertilizer market is expected to grow at a CAGR of 5.4% from 2022 to 2028, according to a new report by CRI Report. The growth of the market is being driven by factors such as rising demand for food, increasing government support for the agricultural sector, and growing adoption of modern farming practices.

The report states that the major players in the market are Yara International, PotashCorp, and Mosaic. These companies are investing in new production facilities to meet the growing demand for fertilizers. The government of Southeast Asia is also supporting the growth of the fertilizer industry by providing subsidies for fertilizers and investing in research and development.

The report also discusses the impact of the COVID-19 pandemic on the fertilizer industry in Southeast Asia. The pandemic has disrupted supply chains and led to higher prices for fertilizers. However, the report also notes that the demand for fertilizers is expected to remain strong in the long term.

"The Southeast Asian fertilizer market is a dynamic and growing market," said Hans Tai, CEO of CRI Report. "The factors mentioned in the report are expected to continue to drive the growth of the market in the coming years."

The report is available for purchase on the CRI Report website: Research Report on Southeast Asia Fertilizer Industry 2023-2032 (https://www.cri-report.com/southeast-asia-fertilizer-indu...)

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