Asia-Pacific's Urea Market To See Modest Growth

The Asia-Pacific region's urea market is expected to experience modest growth, with a projected volume CAGR of 1.1% through 2035. This growth is driven by increasing agricultural demand and the need for enhanced crop yields. The market dynamics are influenced by fluctuating prices and varying regional policies on fertilizer usage.

What this means

• Farmers: Stable urea supply will be crucial for maintaining crop productivity.
• Turf & Greenkeepers: Consistent urea availability can support turf health and management.
• Industry: Companies may need to adapt to changing market conditions to remain competitive.

Outlook: Continued investment in urea production facilities may be necessary to meet future demand.