Japan Ammonium Sulfate Market Size & Outlook, 2023-2030
Japan ammonium sulfate market, 2018-2030 (US$M)
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Japan ammonium sulfate market highlights
- The Japan ammonium sulfate market generated a revenue of USD 627.3 million in 2023 and is expected to reach USD 744.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 2.5% from 2024 to 2030.
- In terms of segment, solid was the largest revenue generating type in 2023.
- Liquid is the most lucrative type segment registering the fastest growth during the forecast period.
Ammonium sulfate market data book summary
| Market revenue in 2023 | USD 627.3 million |
| Market revenue in 2030 | USD 744.8 million |
| Growth rate | 2.5% (CAGR from 2023 to 2030) |
| Largest segment | Solid |
| Fastest growing segment | Liquid |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid, Liquid |
| Key market players worldwide | Basf SE, Evonik Industries AG, Lanxess AG, Novus Holdings Ltd, Sumitomo Chemical Co Ltd, Honeywell International Inc, Koninklijke DSM NV |
Other key industry trends
- In terms of revenue, Japan accounted for 3.2% of the global ammonium sulfate market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ammonium sulfate market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,246.8 million by 2030.
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Ammonium Sulfate Market Scope
Ammonium Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan ammonium sulfate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ammonium sulfate market will help companies and investors design strategic landscapes.
Solid was the largest segment with a revenue share of 89.37% in 2023. Horizon Databook has segmented the Japan ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
In 2020, agriculture contributed USD 41.15 Billion to the GDP of Japan. Only 20% of the land in the country is suitable for agriculture, hence, there is a high stress on the available land to support food requirements of 126.7 million people.
The major crops cultivated in Japan include rice, sugar beets, and soybean. The market for fertilizers in Japan is growing tremendously owing to the increasing demand for food in the country. Moreover, the country exports fertilizers to China, India, Indonesia, Thailand, and Malaysia. Japan, however, has low demand for ammonium sulfate from food & feed additive sector owing to multiple policy implementations and stringent regulations in the field.
The Ministry of Health, Labor, and Welfare is currently reviewing more than 196 food additives used in the country that are consumed in food & feed additives application in Japan. According to the International Trade Administration, Japan imported fertilizers worth USD 671 million in 2020.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan ammonium sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Japan ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan ammonium sulfate market size, by type, 2018-2030 (US$M)
Japan Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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