Market Size of china micronutrient fertilizer Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2016 - 2030 |
|
Market Size (2024) | USD 577.53 Million |
|
|
Market Size (2030) | USD 866.14 Million |
|
Largest Share by Product | Zinc |
|
|
CAGR (2024 - 2030) | 6.99 % |
|
Fastest Growing by Product | Zinc |
Major Players |
||
|
||
|
*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.
