The famous U.S. growth consulting company Frost & Sullivan in November released the latest research report shows that in 2012 the Asia-Pacific region sales of chemical fertilizers and bio-fertilizer market was $ 4.97 billion, is expected from 2012 to 2019, the area of chemical fertilizers and bio-fertilizer sales growth will be $ 4.97 billion to $ 7.73 billion, representing a CAGR of 6.5%. Australia, Indonesia and the Philippines will become the new market growth.

Frost & Sullivan analysts believe that the main driving factors have contributed to changes in the fertilizer market in Asia Pacific has four aspects. The first is rising crop prices. In Southeast Asian countries, oil palm and rubber trees are the main cash crops. Over the past few years, the prices of these crops has almost doubled, which prompted farmers to actively cultivate these crops, increase output. With the rising prices of cash crops, fertilizer consumption during the forecast period will grow rapidly.