Market Trends of china organic fertilizer Industry
Country’s zero growth in pesticides use and increasing exports under organic products driving the organic cultivation.
- According to the latest reports by FiBL and IFOAM, the market for organic food in China is growing at an annual rate of 25.0%. The shift from conventional to organic is a transformation toward a more sustainable food system within China, given the USD 2.91 billion of agri-food commodities exported from China each year.
- The size of organic farmland increased rapidly in China because more people started buying organic products due to increased incomes and the increasing importance of food safety. In the last three years, China's organic planting area increased by 10%, reaching 2.4 million hectares in 2020. National policies have been adopted to promote organic production, advocating the slogans that state, ″lucid waters and lush mountains are invaluable assets″ and ″green development".
- Organic farming in China is majorly export-oriented. The products that are both exported and imported are cereals, soybeans, and fruits, followed by some vegetables. Liaoning, Jilin, and Heilongjiang, China's three northeastern provinces, support the largest organic production nationally in terms of output, volume, and area. Most organic farms located in northern China (e.g., Shandong and Liaoning) supply organic vegetables and fruits to nearby cities. In addition, they export some products to Japan, South Korea, Europe, and the United States.
- With the increasing concerns of soil toxicity due to the overuse of synthetic fertilizers and pesticides, which lead to soil contamination, the demand for sustainable agriculture practices and organic food production is on the rise in China. This would moderately slow down yet increase the shift in cultivation practices. It also subsequently increases the demand for crop nutrition and protection products.
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Approximately 73% of Chinese consumers willing to have organic food
- China's organic food market is developing rapidly, and the potential demand for organic food among Chinese consumers is enormous. This is due to the growth of the wealthier middle classes and a greater awareness of the health implications. In 2021, organic food sales in China were about USD 77.54 billion.
- Due to various government laws that favor organic food over food safety and customer preferences for organic food over conventional food, the demand for organic food items considerably expanded. While prices of organic vegetables in China range from 3 to 15 times the cost of conventional produce, prices for organic vegetables are generally between 5 to 10 times the prices of their conventional counterparts. However, despite the price factor being a barrier, wealthy families and individuals with health problems are eager to increase their budget, with approximately 73% of Chinese consumers willing to pay extra for organic foods.
- The Chinese government is slowly aiming to become self-reliant in the organic food sector. For instance, the economy is slowly moving toward a green agriculture practice by encouraging farmers to scale back the use of chemical fertilizers and switch to bio-based alternatives. The China Chain Store and Franchise Association (CCFA) research in 2020 declared that organic awareness among the Chinese in developed cities was at 83% when it came to an understanding of the concept of sustainable food production.
- Although China's organic food sector is still quite small and falls far short of satisfying domestic and international consumer demand, it can be stated that organic food in China has enormous potential in both the domestic and foreign markets, considering the rise in domestic sales by 4.01% in 2021.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
China Organic Fertilizer Market Report - Table of Contents
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1. EXECUTIVE SUMMARY & KEY FINDINGS
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2. REPORT OFFERS
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3. INTRODUCTION
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3.1 Study Assumptions & Market Definition
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3.2 Scope of the Study
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3.3 Research Methodology
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4. KEY INDUSTRY TRENDS
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4.1 Area Under Organic Cultivation
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4.2 Per Capita Spending On Organic Products
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4.3 Regulatory Framework
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4.3.1 China
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4.4 Value Chain & Distribution Channel Analysis
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5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Form
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5.1.1 Manure
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5.1.2 Meal Based Fertilizers
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5.1.3 Oilcakes
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5.1.4 Other Organic Fertilizers
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5.2 Crop Type
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5.2.1 Cash Crops
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5.2.2 Horticultural Crops
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5.2.3 Row Crops
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6. COMPETITIVE LANDSCAPE
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6.1 Key Strategic Moves
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6.2 Market Share Analysis
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6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
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6.4.1 Binzhou Jingyang Biological Fertilizer Co. Ltd
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6.4.2 Biolchim SPA
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6.4.3 Genliduo Bio-tech Corporation Ltd
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6.4.4 Hebei Woze Wufeng Biological Technology Co. Ltd
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6.4.5 Qingdao Future Group
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6.4.6 Shandong Nongda Fertilizer Sci. & Tech. Co. Ltd (NDFY)
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6.4.7 Suståne Natural Fertilizer Inc.
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7. KEY STRATEGIC QUESTIONS FOR AGRICULTURAL BIOLOGICALS CEOS
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8. APPENDIX
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8.1 Global Overview
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8.1.1 Overview
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8.1.2 Porter’s Five Forces Framework
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8.1.3 Global Value Chain Analysis
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8.1.4 Market Dynamics (DROs)
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8.2 Sources & References
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8.3 List of Tables & Figures
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8.4 Primary Insights
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8.5 Data Pack
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8.6 Glossary of Terms
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