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China Fertilizers Market Growth, Industry & Revenue [2031]
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China Fertilizers Market Growth, Industry & Revenue [2031]

Segments - China Fertilizers Market by Types (Micronutrients, Secondary Fertilizers, Potassic, Phosphorus [Triple Superphosphate, Di-ammonium Phosphate, Mono-ammonium Phosphate, and Others], and Nitrogenous [Ammonium Sulfate, Calcium Ammonium Nitrate, Ammonia, Ammonium Nitrate, Urea, and Others]), Applications (Fruits & Vegetables, Grains & Cereals, Commercial Crops, Pulses & Oilseeds, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-3969 | 4.9 Rating | 60 Reviews | 244 Pages | Format : PDF Excel PPT

Report Description


The China fertilizer market size was valued at USD 32.72 billion in 2022 and is projected to reach USD 57.67 billion by 2031, expanding at a CAGR of 6.5% during the forecast period, 2023 – 2031.  The growth of the market is attributed to the increasing innovation in the crop nutrition industry and rising R&D investment on fertilizers manufacturing.

Fertilizers are chemical elements forming nutrients and are primarily applied to agriculture and farming activities to increase crop production. These substances can be derived either naturally or synthetically and are used as nutritional supplement to the plant tissues or soil for the purpose of high yield.

China Fertilizers Market Outlook

The key function of fertilizers is to aid in higher crop production and growth while improving and maintaining nutrients naturally present in the soil. Moreover, fertilizers assist to increase water holding capacity that help these materials to get easily dissolved in the soil.

Fertilizers are specifically available for certain nutrients such as nitrogen, phosphate, potassium, and calcium and micronutrients, including iron, manganese, copper, and zinc. The recent trend in the fertilizers industry is the use of organic fertilizers as farmers nowadays are preferring organic fertilizer over synthetic fertilizer. Fertilizers have rapid effect on the plant growth and increase crop yield to provide enough food for the ever increasing population.

The COVID-19 pandemic outbreak had negatively impacted the China fertilizer market. During the pandemic, emergency lockdown imposed by government body had forced to temporary shutdown of manufacturing plant as part of policies to curb the virus spread.

As a result, the supply chain of fertilizers had been completely disrupted across the country and also disrupted all the processes which connect farm production to the final consumer. Additionally, the pandemic had adversely impacted the overall trade business of fertilizers. The market is expected to recover soon due to subsiding COVID cases.

  • Increasing government policies towards the production and use of phosphate fertilizers as the soil of the country is naturally phosphate deficient, which presents a key driver of the market.

  • Rising use of fertilizers by farmers to feed a larger population and ensure food security in the country is projected to boost the market during the forecast period.

  • Growing concern about harmful effects of chemical residues on human body acts as a major challenge that can restrict the market growth in the coming years.

  • High cost associated with customized and micronutrient fertilizers is expected to hamper the market growth during the projected timeline.

  • Rising focus of key players and government bodies on development of budget friendly and innovative crop products is anticipated to create significant growth opportunities for the market.

Scope of the Report

The report on the China fertilizer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Fertilizer Market - China Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Micronutrients, Secondary Fertilizers, Potassic, Phosphorus [Triple Superphosphate, Di-ammonium Phosphate, Mono-ammonium Phosphate, and Others], and Nitrogenous [Ammonium Sulfate, Calcium Ammonium Nitrate, Ammonia, Ammonium Nitrate, Urea, and Others]) and Applications (Fruits & Vegetables, Grains & Cereals, Commercial Crops, Pulses & Oilseeds, and Others)

Country

China

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Sinofert Holdings Ltd.; The Mosaic Co.; Yara China Ltd.; Israel Chemicals Ltd.; and Nutrien Ltd.

Market Segment Insights

Nitrogenous segment to grow at high CAGR

In terms of types, the China fertilizer market is divided into micronutrients, secondary fertilizers, potassic, phosphorus, and nitrogenous. The phosphorus segment is sub-classified as triple superphosphate, di-ammonium phosphate, mono-ammonium phosphate, and others. The nitrogenous segment is further fragmented into ammonium sulfate, calcium ammonium nitrate, ammonia, ammonium nitrate, urea, and others.

The nitrogenous segment is estimated to grow at high CAGR during the forecast period owing to the wide adoption of nitrogen-based fertilizers by farmers. Nitrogenous compound primarily helps in rapid plant growth and increases agricultural yield.

On the other hand, the phosphorus segment is anticipated to register significant growth during the projected period attributed to the rising demand of phosphorus based fertilizers for root development, plant maturation, and seed development.

Increasing population drives the grains & cereals segment

On the basis of applications, the market is segmented into fruits & vegetables, grains & cereals, commercial crops, pulses & oilseeds, and others. The grains & cereals segment is projected to expand at robust growth rate during the forecast period owing to the increasing demand of grains & cereals for increasing population in the country.

On the other hand, the fruits & vegetables segment is anticipated to expand at a substantial CAGR during the forecast period owing to the increasing demand for fruits & vegetables for their health benefits and nutritional value.

China Fertilizers Market Applications

Segments

The China fertilizer market has been segmented on the basis of

Types

  • Micronutrients
  • Secondary Fertilizers
  • Potassic
  • Phosphorus
    • Triple Superphosphate
    • Di-ammonium Phosphate
    • Mono-ammonium Phosphate
    • Others
  • Nitrogenous
    • Ammonium Sulfate
    • Calcium Ammonium Nitrate
    • Ammonia
    • Ammonium Nitrate
    • Urea
    • Others

Applications

  • Fruits & Vegetables
  • Grains & Cereals
  • Commercial Crops
  • Pulses & Oilseeds
  • Others

Country

  • China

Key Players

Competitive Landscape

Key players competing in the China fertilizer market are Sinofert Holdings Ltd.; The Mosaic Co.; Yara China Ltd.; Israel Chemicals Ltd.; and Nutrien Ltd. Companies are focusing on expanding the manufacturing capacity for fulfilling the high product demand from the market and to maintain their competitive position in the market.

Companies have been widely engaged in collaborations, strategic partnership, merger & acquisition, and joint ventures to boost their market share and acquire new buyers.

For instance, in June 2018, Haifa Group, a private manufacturer of potassium nitrate fertilizers announced a launch of a novel range of coated micronutrients, supporting an all-season whole plant nutrition.

Based on multicote technology, the coated micronutrients offers all the benefits of controlled release nutrition to the agriculture crops. In February 2019, Haifa Group announced the opening of Haifa Beijing Trading Company to extend their service offerings in China’s agriculture sector.

China Fertilizers Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fertilizers Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fertilizers Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fertilizers Market - Supply Chain
  4.5. Global Fertilizers Market Forecast
     4.5.1. Fertilizers Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fertilizers Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Fertilizers Market Absolute $ Opportunity
5. Global Fertilizers Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Fertilizers Market Size and Volume Forecast by Applications
     5.3.1. Fruits & Vegetables Grains & Cereals Commercial Crops Pulses & Oilseeds Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Fertilizers Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Fertilizers Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Fertilizers Demand Share Forecast, 2019-2026
7. North America Fertilizers Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Fertilizers Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Fertilizers Market Size and Volume Forecast by Applications
     7.4.1. Fruits & Vegetables Grains & Cereals Commercial Crops Pulses & Oilseeds Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Fertilizers Demand Share Forecast, 2019-2026
8. Latin America Fertilizers Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Fertilizers Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Fertilizers Market Size and Volume Forecast by Applications
     8.4.1. Fruits & Vegetables Grains & Cereals Commercial Crops Pulses & Oilseeds Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Fertilizers Demand Share Forecast, 2019-2026
9. Europe Fertilizers Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Fertilizers Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Fertilizers Market Size and Volume Forecast by Applications
     9.4.1. Fruits & Vegetables Grains & Cereals Commercial Crops Pulses & Oilseeds Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Fertilizers Demand Share Forecast, 2019-2026
10. Asia Pacific Fertilizers Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Fertilizers Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Fertilizers Market Size and Volume Forecast by Applications
     10.4.1. Fruits & Vegetables Grains & Cereals Commercial Crops Pulses & Oilseeds Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Fertilizers Demand Share Forecast, 2019-2026
11. Middle East & Africa Fertilizers Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Fertilizers Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Fertilizers Market Size and Volume Forecast by Applications
     11.4.1. Fruits & Vegetables Grains & Cereals Commercial Crops Pulses & Oilseeds Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Fertilizers Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Fertilizers Market: Market Share Analysis
  12.2. Fertilizers Distributors and Customers
  12.3. Fertilizers Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Sinofert Holdings Ltd. The Mosaic Co. Yara China Ltd. Israel Chemicals Ltd. Nutrien Ltd.

Methodology

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