China Complex Fertilizer Market is Driven by Rise in Net Irrigated Area and Expected Replacement from Straight Chemical Fertilizers: Ken Research

China Complex Fertilizer Market by Region (Henan, Shandong, Anhui, Jilin, Jiangsu and Others), by product form (Granulated/Fused or Blended), by type (two or three nutrients), by crops (cereals, oilseeds, fruits & vegetables and others), by grade (NPK 16-16-8, NPK 20-20-15, NPK 15-15-15, NPK 20-25-5 and Others), Market share of major players including Kingenta, Hubei Xinyangfeng, China XLX Fertilizers, Sino-Arab Chemical Fertilizers, Sinopec, Sumitomo Corporation, Hebei Sanyuanjiuqi Fertilizer, Shandong Lvfeng Fertilizer, Hebei Zhongchang Fertilizer, Hanfeng Evergreen, Yujiang TianYu Eco-Agriculture, Hebei Chunchao Biological Technology, China BlueChemical.

• Net irrigated area in China is expected to rise from 68.7 million hectares in 2017 to 74.7 million hectares by 2022.
• China’s food grain production is expected to grow at a CAGR of 1.3% during 2017-2022 from 621.1 million MT in 2017 to 663.2 million MT by 2022.

In 2015, Ministry of Agriculture issued Action Plan for “Achieving Zero Growth of Fertilizer Use by 2020”. The Chinese government intends to achieve zero growth in volume of use of fertilizers and maximize the utilization of the same. By 2020, it hopes to reduce fertilize usage on its fruits, vegetables and tea crops by 50%. China plans to replace chemical fertilizers with organic nutrients that are usually sourced from the decomposition of organic materials like animal manure, compost, and crop residue. The government is encouraging use of organic fertilizers by providing subsidies and tax incentives. However, the success of organic fertilizers replacing chemical fertilizers on a large scale has not been seen yet. Amidst efforts to achieve zero growth in overall fertilizer usage, nitrogen fertilizers in China are increasingly being replaced by complex fertilizers. However, despite the growing adoption by farmers, much of the domestic NPK production is of low quality.

Growing emphasis on improving fertilizer quality, curbing soil pollution, better land management practices and urgent need to improve agricultural productivity is expected to augment the demand for complex fertilizers in China, according to Analyst at Ken Research.

Ken Research in its latest study, China Complex (NPK) Fertilizer Market Outlook to 2022 – Expected Replacement from Straight Chemical Fertilizers to Complex Fertilizers suggests that Kingenta, Hubei Xinyangfeng, China XLX Fertilizers and Sino-Arab Chemical Fertilizers will remain the major players in this space in China. However, these major players will witness rising competition from other existing and new entrants launching cheaper products in the market.

For more information on the research report, refer to below link:
https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/china-complex-fertilizer-market/143967-104.html

Related Reports by Ken Research:
https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/asia-complex-npk-fertilizer-market/143884-104.html

https://www.kenresearch.ae/agriculture-and-animal-care/seed/philippinesp-seed-industry-report/80167-104.html

https://www.kenresearch.com/agriculture-and-animal-care/farming/us-micro-irrigation-systems-market-report/42041-104.html

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