China Fertilizers Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

China Fertilizers Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

The China Fertilizers Market is projected to register a CAGR of 6.52%

Key Highlights

• Fastest growing segment by Product - TSP : TSP contains high amount of phosphate among the non-ammonium phosphate fertilizers. So. It is best suitable for situations where phosphate is required as single source.
• Largest Segment by Crop Type - Field Crops : Cultivation of field crops accounts for around 74% of the total agricultural land in the country and accounts for consumption of 78.4% of the total fertilizes.
• Fastest growing by Speciality Type - SRF : The SRF are safe to the soil and environment as they precisely release the nutrients in to the soil throughout the cropping season and thus reduce the leaching of nutrients.
• Largest segment by Application Mode - Soil : It is a conventional way of fertilizer application and can be applied without any equipment. This method of application improves both plant health and soil fertility.

China Fertilizers Market TrendsField Crops is the largest segment by Crop Type.

• Due to continuous long-term cultivation without crop rotation, farmland fertility has been depleted and has become more deficient, increasing the need for fertilizers, especially in South China. Due to growing concerns about environmental pollution, there is a rising demand for sustainable fertilizers in field crops.
• Field crops often utilize the greatest nitrogen fertilizers. Due to their extensive cultivation, grains and cereals deplete soil nutrients, requiring the application of additional fertilizers to make up for it. Conventional fertilizers accounted for about 74.4%, and specialty fertilizers accounted for about 25.6% of the total field crop fertilizer market value in 2021.
• Horticultural crops utilize more specialty fertilizers than field crops since they are grown all year long and benefit from superior watering methods like sprinkler and drip irrigation, which encourage the use of water-soluble and liquid fertilizers. About 24.8% of the market value of fertilizers used in horticultural crops was made up of specialty fertilizers in 2021.
• In 2021, less than 1% of the country's total fertilizer market was made up of turf and ornamental products. Over recent years, the government put greater emphasis on self-sufficiency and established a number of methods, such as the production of ornamental flowers in greenhouses, which are expected to support sectoral growth.
• Therefore, it is projected that the segmental growth will be boosted throughout the forecast period due to the rising demand from field crops and increased focus on self-sufficiency to reduce the import of ornamentals. The country is the leading producer of fertilizers.

China Fertilizers Market Competitive Analysis

The China Fertilizers Market is fragmented, with the top five companies occupying 13.34%. The major players in this market are Henan XinlianXin Chemicals Group Company Limited, Israel Chemicals Ltd, Sinofert Holding Ltd, Xinyangfeng Agricultural Technology Co., Ltd. and Yara International (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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