Market Trends of china specialty fertilizer Industry
This section covers the major market trends shaping the China Specialty Fertilizer Market according to our research experts:
Liquid Fertilizer is 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.
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