China Micronutrient Fertilizer Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The China Micronutrient Fertilizer Market is segmented Market Snapshot , Product ( Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others ) , Application Mode ( Fertigation, Foliar, Soil ) and Crop Type ( Field Crops, Horticultural Crops, Turf & Ornamental )

Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2021
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Product: Zinc
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Product: Manganese
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 6.91 %

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Market Overview

The China Micronutrient Fertilizer Market stood at 301.62 million USD in 2022 and is projected to register a CAGR of 6.91% to reach 450.46 million USD in 2028.

  • 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 - Manganese : Manganese availability in soil decreases with rising pH and is less mobile in the plants thus affecting the young parts of the plant which requires application of fertilizer.
  • 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.

Scope of the Report

Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others are covered as segments by Product. Fertigation, Foliar, Soil are covered as segments by Application Mode. and 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

Report scope can be customized per your requirements. Click here.

Key Market Trends

Why is Zinc 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.

Competitive Landscape

The China Micronutrient Fertilizer Market is moderately consolidated, with the top five companies occupying 58.67%. 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).

Major Players

  1. Compo Expert GmbH

  2. Coromandel International Ltd.

  3. ICL

  4. Sociedad Química y Minera (SQM)

  5. Yara China Limited

*Disclaimer: Major Players are sorted alphabetically

Market Developments

  • 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.

Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Acreage Of Major Crop Types

    2. 4.2 Average Nutrient Application Rates

    3. 4.3 Regulatory Framework

    4. 4.4 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Boron

      2. 5.1.2 Copper

      3. 5.1.3 Iron

      4. 5.1.4 Manganese

      5. 5.1.5 Molybdenum

      6. 5.1.6 Zinc

      7. 5.1.7 Others

    2. 5.2 Application Mode

      1. 5.2.1 Fertigation

      2. 5.2.2 Foliar

      3. 5.2.3 Soil

    3. 5.3 Crop Type

      1. 5.3.1 Field Crops

      2. 5.3.2 Horticultural Crops

      3. 5.3.3 Turf & Ornamental

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles

      1. 6.4.1 Compo Expert GmbH

      2. 6.4.2 Coromandel International Ltd.

      3. 6.4.3 Haifa Group

      4. 6.4.4 Hebei Monband Water Soluble Fertilizer Co. Ltd

      5. 6.4.5 ICL

      6. 6.4.6 Sociedad Química y Minera (SQM)

      7. 6.4.7 Yara China Limited

  7. 7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 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 MICRONUTRIENT FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028

    Figure 4:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, VALUE, USD, 2016 - 2028

    Figure 5:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VOLUME, METRIC TON, 2016 - 2028

    Figure 6:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VALUE, USD, 2016 - 2028

    Figure 7:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 8:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 9:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, METRIC TON, 2016 - 2028

    Figure 10:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, USD, 2016 - 2028

    Figure 11:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 12:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, METRIC TON, 2016 - 2028

    Figure 13:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, USD, 2016 - 2028

    Figure 14:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 15:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, METRIC TON, 2016 - 2028

    Figure 16:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, USD, 2016 - 2028

    Figure 17:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 18:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, METRIC TON, 2016 - 2028

    Figure 19:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, USD, 2016 - 2028

    Figure 20:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 21:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, METRIC TON, 2016 - 2028

    Figure 22:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, USD, 2016 - 2028

    Figure 23:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 24:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, METRIC TON, 2016 - 2028

    Figure 25:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, USD, 2016 - 2028

    Figure 26:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 27:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, METRIC TON, 2016 - 2028

    Figure 28:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, USD, 2016 - 2028

    Figure 29:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 30:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VOLUME, METRIC TON, 2016 - 2028

    Figure 31:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VALUE, USD, 2016 - 2028

    Figure 32:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY APPLICATION MODE, 2016 - 2028

    Figure 33:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY APPLICATION MODE, 2016 - 2028

    Figure 34:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, METRIC TON, 2016 - 2028

    Figure 35:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, USD, 2016 - 2028

    Figure 36:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, METRIC TON, 2016 - 2028

    Figure 37:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, USD, 2016 - 2028

    Figure 38:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, METRIC TON, 2016 - 2028

    Figure 39:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, USD, 2016 - 2028

    Figure 40:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028

    Figure 41:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028

    Figure 42:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 43:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 44:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028

    Figure 45:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028

    Figure 46:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 47:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028

    Figure 48:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028

    Figure 49:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 50:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028

    Figure 51:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028

    Figure 52:  

    CHINA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 53:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 54:  

    CHINA MICRONUTRIENT FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 55:  

    CHINA MICRONUTRIENT FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021

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

For any queries related to market definition, click here to schedule a call with our analysts.

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

For any queries related to research methodology, click here to schedule a call with our analysts.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.
03. Exhaustive Data
Tracking a million data points on the lubricants industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the lubricants industry.

Frequently Asked Questions

The China Micronutrient Fertilizer Market market is studied from 2016 - 2028.

The China Micronutrient Fertilizer Market stood at 301.62 million USD in 2022 and is projected to register a CAGR of 6.91% to reach 450.46 million USD in 2028.

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.

Manganese availability in soil decreases with rising pH and is less mobile in the plants thus affecting the young parts of the plant which requires application of fertilizer.

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.

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.

Compo Expert GmbH,Coromandel International Ltd.,ICL,Sociedad Química y Minera (SQM) and Yara China Limited. are the major companies operating in China Micronutrient Fertilizer Market.