China Complex Fertilizer Market

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China Complex Fertilizer Demand
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• 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.
• Chinas 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.

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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.  
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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.  
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For more information on the research report,
refer to below link https//www.kenresearch.com/a
griculture-and-animal-care/crop-protection/china-c
omplex-fertilizer-market/143967-104.html    Relate
d Reports by Ken Research Asia Complex (NPK)
Fertilizer Market Outlook to 2022 - by Grade (NPK
16-16-8, NPK 20-20-15, NPK 15-15-15, NPK 20-20-0
and Others), by Region (China, India, Vietnam,
Indonesia, Thailand and Others) Philippines Seed
Industry Outlook to 2021 - Rising Government
Support to Improve Agriculture Sector with Demand
for Hybrid Seed to Foster Growth US Micro
Irrigation Market Outlook to 2020 - Growing Water
Scarcity and High Efficiency of Drip Irrigation
to Stimulate Growth Contact UsKen
ResearchAnkur Gupta, Head Marketing
CommunicationsAnkur_at_kenresearch.com91-901537824
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