CHINA FERTILIZERS MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The market for fertilisers in China is anticipated to grow at a CAGR of 6.52%. Fertility of farmland has been eroded and has become more inadequate as a result of continuous long-term agriculture without crop rotation, increasing the requirement for fertilisers, particularly in South China. Growing environmental concerns have increased the demand for sustainable fertilisers in field crops.

The most nitrogen fertilisers are frequently used by field crops. Grains and cereals require significant cultivation, which depletes soil nutrients and necessitates the addition of additional fertilisers to make up for it. In 2021, conventional fertilisers made up over 74.4% of the market's value, while speciality fertilisers made up roughly 25.6%.

Turf and decorative goods made up less than 1% of the nation's total fertiliser market in 2021. In recent years, the government has placed a greater emphasis on self-sufficiency and established a variety of practises that are anticipated to assist sectoral growth. One of these practises is the cultivation of ornamental flowers in greenhouses.

Major Players: Henan XinlianXin Chemicals Group Company Limited, Israel Chemicals Ltd, Sinofert Holding Ltd, Xinyangfeng Agricultural Technology Co., Ltd. and Yara International 

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