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China Micronutrient Fertilizer Market Size

The China Micronutrient Fertilizer Market is projected to experience significant growth over the forecast period, driven by the need to address widespread micronutrient deficiencies in soils across the country. Copper and zinc are key micronutrients, with copper being crucial for plant processes such as photosynthesis and protein metabolism, while zinc plays a vital role as an enzyme co-factor. The market's expansion is influenced by the demand for increased agricultural productivity and the development of advanced fertilizers, which are expected to enhance micronutrient consumption and contribute to the overall market size growth.

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Market Size of china micronutrient fertilizer Industry

China Micronutrient Fertilizer Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 577.5 Million
svg icon Market Size (2030) USD 866.1 Million
svg icon Largest Share by Product Copper
svg icon CAGR (2024 - 2030) 6.99 %
svg icon Fastest Growing by Product Molybdenum
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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China Micronutrient Fertilizer Market Analysis

The China Micronutrient Fertilizer Market size is estimated at 577.5 million USD in 2024, and is expected to reach 866.1 million USD by 2030, growing at a CAGR of 6.99% during the forecast period (2024-2030).

577.5 Million

Market Size in 2024 (USD)

866.1 Million

Market Size in 2030 (USD)

7.29 %

CAGR (2017-2023)

6.99 %

CAGR (2024-2030)

Largest Segment by Type

30.71 %

value share, Copper, 2023

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Rise in copper deficiency in soils like sandy, chalky, tilled soils and organic soils and need of copper in enzymatic activities resulting in higher copper fertilization

Fastest Growing Type

7.96 %

Projected CAGR, Molybdenum, 2024-2030

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Mo significance in crop production and predomint deficiency in mass crop production areas such as Eastern China, Central China, and Southern China, and the Yangtze River Basin

Largest Segment by Crop Type

70.13 %

value share, Field Crops, 2023

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Arising micronutrient deficiencies with adoption of intensive and monocultural practices and rise in cereal cultivation making filed crops fertilizers consumption more

Largest segment by Application Mode

95.30 %

value share, Soil, 2023

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Applying micronutrients thorugh soils in major crops like paddy and maize results in nutrient balance, high quality and consistent yields lead to soil mode utilization more

Leading Market Player

17.89 %

market share, Yara International ASA, 2022

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Yara leading the market with offering all the micronutrients for wide range crops under its popular brands include Yara Mole, Yarawit, Yara Ruijia, and Yara Terong

The rising requirement of micronutrients to enhance the productivity may boost the growth of the market

  • Micronutrient deficiency in soils is a widespread problem across the country. Some of the micronutrients are abundant on the earth's crust due to their immobile nature. They cause micronutrient deficiencies in crops.
  • Copper is the common micronutrient fertilizer used in crop production in the country. It accounted for about 27.6% of the total micronutrient fertilizer market value in 2022. One of the micronutrients that plants require in small amounts is copper (Cu). It is necessary for photosynthesis, essential for plant respiration, and helps the plant metabolize proteins and carbohydrates. Copper enhances the color of vegetables as well as the color of flowers and plays a key role in protein formation.
  • Most of the soils in China have an adequate amount of copper. However, in vegetable crops, the average copper nutrient application rate was 0.2% higher than the average copper application rate in field crops in 2022. Because copper is an immobile element in plants, symptoms of copper deficiency appear first in the plant's younger sections.
  • Zinc is the most consumed micronutrient in the country, accounting for the second largest market share by the value of 25.49% in 2022. Zinc is needed in very small amounts by plants. The normal concentration of Zn in most plants is between 20 to 100 ppm. However, this small amount of Zn plays a key role in plants as an enzyme co-factor and a structural component in proteins.
  • Due to factors like the requirement for increased productivity and output, as well as the necessity to maintain food and nutritional security for the area's constantly expanding population, the market may expand during 2023-2030 with a CAGR of 6.9%, and the emergence of advanced fertilizers may also contribute to micronutrient consumption.
China Micronutrient Fertilizer Market

China Micronutrient Fertilizer Industry Segmentation

Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others are covered as segments by Product. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type.

  • Micronutrient deficiency in soils is a widespread problem across the country. Some of the micronutrients are abundant on the earth's crust due to their immobile nature. They cause micronutrient deficiencies in crops.
  • Copper is the common micronutrient fertilizer used in crop production in the country. It accounted for about 27.6% of the total micronutrient fertilizer market value in 2022. One of the micronutrients that plants require in small amounts is copper (Cu). It is necessary for photosynthesis, essential for plant respiration, and helps the plant metabolize proteins and carbohydrates. Copper enhances the color of vegetables as well as the color of flowers and plays a key role in protein formation.
  • Most of the soils in China have an adequate amount of copper. However, in vegetable crops, the average copper nutrient application rate was 0.2% higher than the average copper application rate in field crops in 2022. Because copper is an immobile element in plants, symptoms of copper deficiency appear first in the plant's younger sections.
  • Zinc is the most consumed micronutrient in the country, accounting for the second largest market share by the value of 25.49% in 2022. Zinc is needed in very small amounts by plants. The normal concentration of Zn in most plants is between 20 to 100 ppm. However, this small amount of Zn plays a key role in plants as an enzyme co-factor and a structural component in proteins.
  • Due to factors like the requirement for increased productivity and output, as well as the necessity to maintain food and nutritional security for the area's constantly expanding population, the market may expand during 2023-2030 with a CAGR of 6.9%, and the emergence of advanced fertilizers may also contribute to micronutrient consumption.
Product
Boron
Copper
Iron
Manganese
Molybdenum
Zinc
Others
Application Mode
Fertigation
Foliar
Soil
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental
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China Micronutrient Fertilizer Market Size Summary

The China Micronutrient Fertilizer Market is poised for significant growth, driven by the widespread issue of micronutrient deficiencies in soils across the country. These deficiencies, particularly in essential nutrients like copper and zinc, are impacting crop yields and necessitating increased fertilizer application. Copper, a crucial element for photosynthesis and protein formation, is extensively used in crop production, while zinc serves as an important enzyme co-factor. The demand for micronutrient fertilizers is further bolstered by the need to enhance agricultural productivity and ensure food security for China's growing population. The expansion of cultivated land, particularly for field crops such as corn and rice, underscores the increasing need for these fertilizers to maintain and boost crop yields.

The market landscape is characterized by a fragmented structure, with key players like Coromandel International Ltd., Hebei Monband Water Soluble Fertilizer Co. Ltd, and ICL Group Ltd. leading the charge. Innovations in fertilizer technology, such as the introduction of coated micronutrients and premium fertilizers, are set to enhance nutrient delivery and efficiency. These advancements aim to address the challenges posed by soil mineral depletion, especially in regions experiencing arid conditions. The strategic reduction of phosphate fertilization, coupled with increased zinc application, highlights a targeted approach to improving crop nutrition. As the market evolves, the focus remains on optimizing micronutrient use to enhance overall agricultural output and sustainability.

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China Micronutrient Fertilizer Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Product

      1. 1.1.1 Boron

      2. 1.1.2 Copper

      3. 1.1.3 Iron

      4. 1.1.4 Manganese

      5. 1.1.5 Molybdenum

      6. 1.1.6 Zinc

      7. 1.1.7 Others

    2. 1.2 Application Mode

      1. 1.2.1 Fertigation

      2. 1.2.2 Foliar

      3. 1.2.3 Soil

    3. 1.3 Crop Type

      1. 1.3.1 Field Crops

      2. 1.3.2 Horticultural Crops

      3. 1.3.3 Turf & Ornamental

China Micronutrient Fertilizer Market Size FAQs

The China Micronutrient Fertilizer Market size is expected to reach USD 577.53 million in 2024 and grow at a CAGR of 6.99% to reach USD 866.14 million by 2030.

In 2024, the China Micronutrient Fertilizer Market size is expected to reach USD 577.53 million.

China Micronutrient Fertilizer Market Report Snapshots

China Micronutrient Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030