China Micronutrient Fertilizer Market Size
| Icons | Lable | Value |
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 577.53 Million |
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Market Size (2030) | USD 866.14 Million |
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Largest Share by Product | Zinc |
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CAGR (2024 - 2030) | 6.99 % |
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Fastest Growing by Product | Zinc |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China Micronutrient Fertilizer Market Analysis
The China Micronutrient Fertilizer Market size is estimated at USD 577.53 million in 2024, and is expected to reach USD 866.14 million by 2030, growing at a CAGR of 6.99% during the forecast period (2024-2030).
- Largest Segment by Type - Zinc : Nearly 50% of arable agricultural soils in China are low in Zinc and limiting agricultural production. So, the rate of application of Zinc in the country is high.
- Fastest growing segment by Type - Zinc : Farmers of China are increasingly using zinc fertilizers due to increased zinc deficiencies and yield losses caused due to depleting soil quality.
- 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 74.4% of the total micronutrient fertilizes.
- 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 Micronutrient Fertilizer Market Trends
This section covers the major market trends shaping the China Micronutrient Fertilizer Market according to our research experts:
Zinc is the largest segment by Product.
- Micronutrient deficiency in soils is a widespread problem across the country. Some of the micronutrients are abundant on the earth's crust due to their immobile nature. They cause micronutrient deficiencies in crops.
- Nearly half of China's arable soils are deficient in zinc, limiting agricultural production. Zinc is necessary for the formation of enzymes, proteins, and chlorophyll. As a result, zinc deficiency can reduce plant productivity and yield.
- Manganese is the most common micronutrient fertilizer used in crop production in the country. It accounted for about 28.8% of the total micronutrient fertilizer volume consumed in 2021. Manganese is essential for photosynthesis, the production of chlorophyll, the activation of enzymes, and the induction of cell division. Manganese levels of 20-40 ppm are adequate in most plant tissues. If it is less than 20 ppm, it is considered manganese deficient.
- Iron deficiency is a common nutritional problem in field crops in China, particularly in northern China, where aerobic and calcareous soils are common. In 2021, iron accounted for about 20.8% of the total micronutrient market volume in the country. Many enzymes involved in energy transfer, nitrogen reduction and fixation, and lignin formation contain iron.
- Most of the soils in China have an adequate amount of copper. However, in vegetable crops, the average copper nutrient application rate is 0.2% higher than the average copper application rate in field crops. Because copper is an immobile element in plants, symptoms of copper deficiency appear first in the plant's younger sections.
- Therefore, zinc, iron, and manganese micronutrient application in the country is relatively high compared to other micronutrients.
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China Micronutrient Fertilizer Industry Overview
The China Micronutrient Fertilizer Market is moderately consolidated, with the top five companies occupying 52.62%. The major players in this market are Compo Expert GmbH, Coromandel International Ltd., ICL, Sociedad Química y Minera (SQM) and Yara China Limited (sorted alphabetically).
China Micronutrient Fertilizer Market Leaders
Compo Expert GmbH
Coromandel International Ltd.
ICL
Sociedad Química y Minera (SQM)
Yara China Limited
*Disclaimer: Major Players sorted in no particular order
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China Micronutrient Fertilizer Market News
- May 2022: ICL signed Framework agreements with customers in India and china to supply 600,000 and 700,000 metric tons of potash, respectively in 2022 at 590 USD per ton.
- August 2021: COMPO EXPERT got merged into Groupa Azoty a largest nitrogen fertilizer manufacturing company in europe to devolop their business.
- February 2019: Haifa Group announced the opening of a new trading company in China. The establishment of the new Haifa subsidiary in China will enable the group to significantly expand its offerings to China agriculture sector.
China Micronutrient Fertilizer Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
3.1. Study Assumptions & Market Definition
3.2. Scope of the Study
3.3. Research Methodology
4. KEY INDUSTRY TRENDS
4.1. Acreage Of Major Crop Types
4.2. Average Nutrient Application Rates
4.3. Regulatory Framework
4.4. Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION
5.1. Product
5.1.1. Boron
5.1.2. Copper
5.1.3. Iron
5.1.4. Manganese
5.1.5. Molybdenum
5.1.6. Zinc
5.1.7. Others
5.2. Application Mode
5.2.1. Fertigation
5.2.2. Foliar
5.2.3. Soil
5.3. Crop Type
5.3.1. Field Crops
5.3.2. Horticultural Crops
5.3.3. Turf & Ornamental
6. COMPETITIVE LANDSCAPE
6.1. Key Strategic Moves
6.2. Market Share Analysis
6.3. Company Landscape
6.4. Company Profiles
6.4.1. Compo Expert GmbH
6.4.2. Coromandel International Ltd.
6.4.3. Haifa Group
6.4.4. Hebei Monband Water Soluble Fertilizer Co. Ltd
6.4.5. ICL
6.4.6. Sociedad Química y Minera (SQM)
6.4.7. Yara China Limited
7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
8. APPENDIX
8.1. Global Overview
8.1.1. Overview
8.1.2. Porter's Five Forces Framework
8.1.3. Global Value Chain Analysis
8.1.4. Market Dynamics (DROs)
8.2. Sources & References
8.3. List of Tables & Figures
8.4. Primary Insights
8.5. Data Pack
8.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- CHINA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
- Figure 2:
- CHINA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
- Figure 3:
- CHINA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 4:
- CHINA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 5:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028
- Figure 6:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE, USD, 2016 - 2028
- Figure 7:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VOLUME, METRIC TON, 2016 - 2028
- Figure 8:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VALUE, USD, 2016 - 2028
- Figure 9:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 10:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 11:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, METRIC TON, 2016 - 2028
- Figure 12:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, USD, 2016 - 2028
- Figure 13:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 14:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, METRIC TON, 2016 - 2028
- Figure 15:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, USD, 2016 - 2028
- Figure 16:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 17:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, METRIC TON, 2016 - 2028
- Figure 18:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, USD, 2016 - 2028
- Figure 19:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 20:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, METRIC TON, 2016 - 2028
- Figure 21:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, USD, 2016 - 2028
- Figure 22:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 23:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, METRIC TON, 2016 - 2028
- Figure 24:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, USD, 2016 - 2028
- Figure 25:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 26:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, METRIC TON, 2016 - 2028
- Figure 27:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, USD, 2016 - 2028
- Figure 28:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 29:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, METRIC TON, 2016 - 2028
- Figure 30:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, USD, 2016 - 2028
- Figure 31:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 32:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VOLUME, METRIC TON, 2016 - 2028
- Figure 33:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VALUE, USD, 2016 - 2028
- Figure 34:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY APPLICATION MODE, 2016 - 2028
- Figure 35:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY APPLICATION MODE, 2016 - 2028
- Figure 36:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, METRIC TON, 2016 - 2028
- Figure 37:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, USD, 2016 - 2028
- Figure 38:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 39:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, METRIC TON, 2016 - 2028
- Figure 40:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, USD, 2016 - 2028
- Figure 41:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 42:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, METRIC TON, 2016 - 2028
- Figure 43:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, USD, 2016 - 2028
- Figure 44:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 45:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028
- Figure 46:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028
- Figure 47:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 48:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 49:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028
- Figure 50:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028
- Figure 51:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 52:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028
- Figure 53:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028
- Figure 54:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 55:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028
- Figure 56:
- CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028
- Figure 57:
- CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 58:
- CHINA MICRONUTRIENT FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 59:
- CHINA MICRONUTRIENT FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 60:
- CHINA MICRONUTRIENT FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021
China Micronutrient Fertilizer Industry Segmentation
Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others are covered as segments by Product. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type.| Product | |
| Boron | |
| Copper | |
| Iron | |
| Manganese | |
| Molybdenum | |
| Zinc | |
| Others |
| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
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Market Definition
- AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
- CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, Fiber Crops, and Forage Crops, Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
- MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
- NUTRIENT TYPES COVERED - Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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