China Fertilizers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The Chinese fertilizers market is projected to register a CAGR of 4.4% during the forecast period, 2021-2026.

COVID-19 has affected all the processes which connect farm production to the final consumer. It had struck the food production system and the food value chain. Farmers of China faced a shortage of agricultural inputs like seeds, fertilizers, and pesticides. China is one of the major producers and exporters of fertilizers. Therefore, when China went into lockdown, the global supply chain got disrupted.

Owing to the growing production of fruits and vegetables in the country, and China being the largest producer of fertilizers, nitrogen fertilizers dominated the fertilizers market, followed by phosphatic and potassic fertilizers.​ China’s soil is naturally phosphate deficient, which led to government policies to encourage production and use of phosphate to boost the yield. The animal and other types of manures used as fertilizer contain a small amount of organic matter to compensate for the loss of nutrients in the soil. ​China faces several problems in soil productivity and, in order to feed a large population and ensure food security, it has become essential to maintain fertile land all across China. This has augmented the market for chemical fertilizers in the country.​

Scope of the Report

Fertilizer is a synthetic substance that is used to enhance plant growth and increase soil fertility. Fertilizers majorly offer three key nutrients, namely nitrogen, phosphorous, and potassium. Secondary fertilizers and agricultural micronutrients are also included in the study.​ The report presents an in-depth analysis of the market share, size, and trends of the Chinese fertilizer market. The market operates at a B2C level, and market sizing has been done at the manufacturer level.​ The Chinese fertilizers market is segmented by type (nitrogenous, phosphorous, potassic, micronutrients, and secondary fertilizers) and application (grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, and other applications).

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Key Market Trends

Increasing Cultivation of Fruits and Vegetables

As per a World Bank study, China was the world’s largest producer and exporter of nitrogen and phosphate fertilizers in 2018. Also, according to the Agriculture Ministry of China, the country ranked first in the production of cereals, cotton, fruits, and vegetables in 2019. The country feeds around 21.0% of the world population with 9.0% of its farmland. With the changing consumption pattern and continuous increase in population, the demand for more food grains leads to an upsurge in demand for chemical fertilizers in the country.​ As per the International Fertilizer Industry Association, China accounts for 30.0% of the global fertilizer usage, with 46 million metric ton of ammonia produced in 2016. Also, the country is a major producer of many crops, including rice, wheat, sorghum, and others. According to the Organization for Economic Cooperation and Development’s (OECD’s) statistics, China grew 260.0 thousand metric ton of maize, 146.0 thousand metric ton of rice, and 133.0 thousand metric ton of wheat in 2019. This has led to an augmented demand for chemical fertilizers in the country.​ The UN’s Food and Agricultural Organization predicted that the global fertilizer use would grow by 1.4% each year between 2014 and 2018, with China accounting for 18.0% of that growth.​ Hence, to ensure food security and increase the productivity of crops, demand for fertilizers is expected to be impacted by this trend and may add to the revenues of fertilizer in the country.​

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