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

The China Specialty Fertilizer Market is segmented by Speciality Type ( CRF, Liquid Fertilizer, SRF, Water Soluble ) , by Application Mode ( Fertigation, Foliar, Soil ) and by 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 Speciality Type: Liquid Fertilizer
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Speciality Type: SRF
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 6.47 %

MAJOR PLAYERS

Key Players

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Market Overview

The China Specialty Fertilizer Market stood at 5.58 billion USD in 2022 and is projected to register a CAGR of 6.47% to reach 8.13 billion USD in 2028.

  • Largest Segment by Speciality Type - Liquid Fertilizer : The demand for liquid fertilizers in China has been increasing due to their ease of application and improved nutrient absorption by plants.
  • Fastest-growing Segment by Speciality Type - SRF : SRFs are safe for the soil and environment as they release nutrients into the soil throughout the cropping season and reduce the leaching of nutrients.
  • Fastest-growing Segment by Crop Type - Horticultural Crops : Horticulture crops are cultivated year-round and have better irrigation systems like sprinkler and drip irrigation, which require specialty fertilizers.
  • Largest Segment by Application Mode - Foliar : Foliar is a conventional fertilizer application and can be applied without equipment. This method of application improves both plant health and soil fertility.

Scope of the Report

CRF, Liquid Fertilizer, SRF, Water Soluble are covered as segments by Speciality Type. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type.
Speciality Type
CRF
Polymer Coated
Polymer-Sulfur Coated
Others
Liquid Fertilizer
SRF
Water Soluble
Application Mode
Fertigation
Foliar
Soil
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental

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Key Market Trends

Why is Liquid Fertilizer the largest segment by Speciality Type?

  • The specialty fertilizer market accounted for about 15.9% of the value of the Chinese fertilizer market in 2021. There is an increasing trend in the adoption of specialty fertilizers in the country.
  • Controlled-release fertilizers dominated the Chinese specialty fertilizer market and accounted for 4.3% of the market value in 2021. The dominance of controlled-release fertilizers in the country is mainly due to their potential to provide nutrients for up to six months. The loss of nutrients is also very less. However, rising awareness among farmers can increase the market share of controlled-release fertilizers.
  •  Slow-release fertilizers accounted for 2.2% of the Chinese specialty fertilizer market value and 6.2% of the market volume in 2021. Slow-release fertilizers offer a consistent supply of plant nutrients over time, less leaching, and a single application can serve the crops throughout the season.
  • Water-soluble fertilizers account for 45.4% of the Chinese specialty fertilizer market value and 38.9% of the market volume. Water-soluble fertilizers have no residual loss because they completely dissolve in water.
  • Liquid fertilizers account for 48.1% of the Chinese specialty fertilizer market value and 35.5% of the market volume. Liquid fertilizers are more easily absorbed by plants and can be used with irrigation or spraying by reducing labor costs.
  •  Factors such as the increasing concern about the impact on the environment and the adoption of efficient fertilizers in the country are expected to drive market growth during the forecast period.

Competitive Landscape

The China Specialty Fertilizer Market is moderately consolidated, with the top five companies occupying 62.77%. The major players in this market are Hebei Monband Water Soluble Fertilizer Co. Ltd, Henan XinlianXin Chemicals Group Company Limited, Israel Chemicals Ltd, Sociedad Química y Minera (SQM) and Yara China Limited (sorted alphabetically).

Major Players

  1. Hebei Monband Water Soluble Fertilizer Co. Ltd

  2. Henan XinlianXin Chemicals Group Company Limited

  3. Israel Chemicals Ltd

  4. Sociedad Química y Minera (SQM)

  5. Yara China Limited

*Disclaimer: Major Players are sorted alphabetically

Market Developments

  • 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.
  • January 2019: Haifa Group launched NutriNet, an online expert system which aims to support and optimize the process of creating customized fertilization programs. It assist growers in setting fertilization programs at free of cost.
  • December 2018: COMPO EXPERT got merged into Groupa Azoty a largest nitrogen fertilizer manufacturing company in europe to devolop their business.

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 Speciality Type

      1. 5.1.1 CRF

        1. 5.1.1.1 Polymer Coated

        2. 5.1.1.2 Polymer-Sulfur Coated

        3. 5.1.1.3 Others

      2. 5.1.2 Liquid Fertilizer

      3. 5.1.3 SRF

      4. 5.1.4 Water Soluble

    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 Haifa

      3. 6.4.3 Hebei Monband Water Soluble Fertilizer Co. Ltd

      4. 6.4.4 Hebei Sanyuanjiuqi Fertilizer Co., Ltd.

      5. 6.4.5 Hebei Woze Wufeng Biological Technology Co., Ltd

      6. 6.4.6 Henan XinlianXin Chemicals Group Company Limited

      7. 6.4.7 Israel Chemicals Ltd

      8. 6.4.8 Sociedad Química y Minera (SQM)

      9. 6.4.9 Yara China Limited

      10. 6.4.10 Zouping Hongyun Biotechnology Co., Ltd.

  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 SPECIALTY FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028

    Figure 4:  

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

    Figure 5:  

    CHINA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, VOLUME, METRIC TON, 2016 - 2028

    Figure 6:  

    CHINA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, VALUE, USD, 2016 - 2028

    Figure 7:  

    CHINA SPECIALTY FERTILIZER MARKET MARKET, SHARE(%), BY SPECIALITY TYPE, 2016 - 2028

    Figure 8:  

    CHINA SPECIALTY FERTILIZER MARKET MARKET, SHARE(%), BY SPECIALITY TYPE, 2016 - 2028

    Figure 9:  

    CHINA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, VOLUME, METRIC TON, 2016 - 2028

    Figure 10:  

    CHINA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, VALUE, USD, 2016 - 2028

    Figure 11:  

    CHINA SPECIALTY FERTILIZER MARKET MARKET, SHARE(%), BY COATING TYPE, 2016 - 2028

    Figure 12:  

    CHINA SPECIALTY FERTILIZER MARKET MARKET, SHARE(%), BY COATING TYPE, 2016 - 2028

    Figure 13:  

    CHINA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER COATED, METRIC TON, 2016 - 2028

    Figure 14:  

    CHINA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER COATED, USD, 2016 - 2028

    Figure 15:  

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

    Figure 16:  

    CHINA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER-SULFUR COATED, METRIC TON, 2016 - 2028

    Figure 17:  

    CHINA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER-SULFUR COATED, USD, 2016 - 2028

    Figure 18:  

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

    Figure 19:  

    CHINA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, OTHERS, METRIC TON, 2016 - 2028

    Figure 20:  

    CHINA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, OTHERS, USD, 2016 - 2028

    Figure 21:  

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

    Figure 22:  

    CHINA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, LIQUID FERTILIZER, METRIC TON, 2016 - 2028

    Figure 23:  

    CHINA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, LIQUID FERTILIZER, USD, 2016 - 2028

    Figure 24:  

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

    Figure 25:  

    CHINA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, SRF, METRIC TON, 2016 - 2028

    Figure 26:  

    CHINA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, SRF, USD, 2016 - 2028

    Figure 27:  

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

    Figure 28:  

    CHINA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, WATER SOLUBLE, METRIC TON, 2016 - 2028

    Figure 29:  

    CHINA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, WATER SOLUBLE, USD, 2016 - 2028

    Figure 30:  

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

    Figure 31:  

    CHINA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, OTHERS, METRIC TON, 2016 - 2016

    Figure 32:  

    CHINA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, OTHERS, USD, 2016 - 2016

    Figure 33:  

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

    Figure 34:  

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

    Figure 35:  

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

    Figure 36:  

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

    Figure 37:  

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

    Figure 38:  

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

    Figure 39:  

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

    Figure 40:  

    CHINA SPECIALTY FERTILIZER MARKET MARKET, SHARE(%), BY SPECIALITY TYPE, 2016 - 2028

    Figure 41:  

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

    Figure 42:  

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

    Figure 43:  

    CHINA SPECIALTY FERTILIZER MARKET MARKET, SHARE(%), BY SPECIALITY TYPE, 2016 - 2028

    Figure 44:  

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

    Figure 45:  

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

    Figure 46:  

    CHINA SPECIALTY FERTILIZER MARKET MARKET, SHARE(%), BY SPECIALITY TYPE, 2016 - 2028

    Figure 47:  

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

    Figure 48:  

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

    Figure 49:  

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

    Figure 50:  

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

    Figure 51:  

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

    Figure 52:  

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

    Figure 53:  

    CHINA SPECIALTY FERTILIZER MARKET MARKET, SHARE(%), BY SPECIALITY TYPE, 2016 - 2028

    Figure 54:  

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

    Figure 55:  

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

    Figure 56:  

    CHINA SPECIALTY FERTILIZER MARKET MARKET, SHARE(%), BY SPECIALITY TYPE, 2016 - 2028

    Figure 57:  

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

    Figure 58:  

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

    Figure 59:  

    CHINA SPECIALTY FERTILIZER MARKET MARKET, SHARE(%), BY SPECIALITY TYPE, 2016 - 2028

    Figure 60:  

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

    Figure 61:  

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

    Figure 62:  

    CHINA SPECIALTY 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 - Primary Nutrients: N, P and K, Secondary Macronutrients: Ca, Mg and S, 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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Frequently Asked Questions

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

The China Specialty Fertilizer Market stood at 5.58 billion USD in 2022 and is projected to register a CAGR of 6.47% to reach 8.13 billion USD in 2028.

The demand for liquid fertilizers in China has been increasing due to their ease of application and improved nutrient absorption by plants.

SRFs are safe for the soil and environment as they release nutrients into the soil throughout the cropping season and reduce the leaching of nutrients.

Horticulture crops are cultivated year-round and have better irrigation systems like sprinkler and drip irrigation, which require specialty fertilizers.

Foliar is a conventional fertilizer application and can be applied without equipment. This method of application improves both plant health and soil fertility.

Hebei Monband Water Soluble Fertilizer Co. Ltd,Henan XinlianXin Chemicals Group Company Limited,Israel Chemicals Ltd,Sociedad Química y Minera (SQM) and Yara China Limited. are the major companies operating in China Specialty Fertilizer Market.