Market Trends of china fertilizers Industry
This section covers the major market trends shaping the China Fertilizers Market according to our research experts:
Field 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.
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