Indonesia Complex (NPK) Fertilizer Market Size- By Product Form, By Product Type, By Crops, By Grade- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Indonesia Complex (NPK) Fertilizer Market Overview

According to SPER Market Research, the Indonesia Complex (NPK) Fertilizer Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.

Complex fertilizers, commonly referred to as NPK fertilizers, are fertilizers that include a combination of the three vital minerals that plants need: nitrogen (N), phosphorous (P), and potassium (K). These nutrients are essential for the growth and development of plants, and a lack of them can cause stunted growth, poor crop yields, and disease susceptibility.

NPK fertilizers are created by combining varied ratios of nitrogen, phosphorous, and potassium in the form of diverse substances such ammonium nitrate, urea, superphosphate, and muriate of potash. A set of three digits, such as 20-20-20 or 10-20-10, are displayed on the fertilizer package to indicate the percentage of each nutrient in the fertilizer. These figures show each nutrient's weight-based percentage in the fertilizer. NPK fertilizers contain nitrogen, which is important for plant growth and is also a component of proteins, DNA, and chlorophyll. Potassium is needed for overall plant health, including water regulation, disease resistance, and fruit development, whereas phosphorus is needed for flowering and root development.

The three main nutrients that plants require to thrive are nitrogen, phosphorus, and potassium, collectively referred to as NPK fertilizer. Indonesia has a strong fertilizer sector and is one of the world's top manufacturers of NPK fertilizer. Because they give plants a balanced supply of nutrients and eliminate the need for several applications of various fertilizers, complex fertilizers are advantageous to farmers. In addition to saving time and money on labour, this reduces the possibility of over-fertilizing, which could harm the environment and the plants.

Impact of COVID-19 on the Indonesia Complex (NPK) Fertilizer Market

The Indonesian complex (NPK) fertilizer market has been impacted by the COVID-19 outbreak in a variety of ways. On the one hand, the epidemic has hampered global supply lines, delaying the shipment of finished fertilizers and raw materials. Particularly in the early months of the pandemic, this has caused considerable shortages in the Indonesian market. On the other side, as people stocked up on necessities and home gardening gained popularity, the pandemic also led to an increase in demand for food and agricultural products. Farmers' desire to increase crop yields and productivity has fueled the need for sophisticated fertilizers.

The Indonesian government has also taken action to assist the agriculture industry throughout the pandemic, including giving farmers subsidies and lending assistance. This has supported the demand for fertilizers, including complex fertilizers. The epidemic has generally caused some difficulties for Indonesia's complex fertilizer sector, but the country's overall need for fertilizers is still very high. The market is anticipated to gradually return to normal levels as the world supply chain heals and vaccine efforts continue.

Scope of the Report

Report Metric Details:

Market size available for years 2019-2032

Base year considered 2021

Forecast period 2022-2032

Segments covered By Product Form, By Product Type, By Crops, By Grade

Regions covered Sumatra, Java, Kalimantan, Sulawesi, Papua

Companies Covered 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.