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China Specialty Fertilizer Market Size

The China Specialty Fertilizer Market is projected to experience significant growth over the forecast period, driven by the increasing adoption of advanced agricultural practices and irrigation technologies. Despite its relatively small market share within the broader Chinese fertilizer sector, the specialty fertilizer market is expanding due to factors such as the rising popularity of water-soluble and liquid fertilizers, which offer enhanced absorption and efficiency. The market's expansion is further supported by favorable agricultural policies and substantial investments, which aim to improve yield and reduce resource usage. As awareness among farmers grows, particularly regarding the benefits of controlled-release fertilizers, the market size is expected to continue its upward trajectory.

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Market Size of china specialty fertilizer Industry

China Specialty Fertilizer Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 14.11 Billion
svg icon Market Size (2030) USD 20.48 Billion
svg icon Largest Share by Speciality Type Liquid Fertilizer
svg icon CAGR (2024 - 2030) 6.40 %
svg icon Fastest Growing by Speciality Type CRF
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 Specialty Fertilizer Market Analysis

The China Specialty Fertilizer Market size is estimated at 14.11 billion USD in 2024, and is expected to reach 20.48 billion USD by 2030, growing at a CAGR of 6.40% during the forecast period (2024-2030).

14.11 Billion

Market Size in 2024 (USD)

20.48 Billion

Market Size in 2030 (USD)

6.31 %

CAGR (2017-2023)

6.40 %

CAGR (2024-2030)

Largest segment by Speciality Type

57.30 %

value share, Liquid Fertilizer, 2023

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Liquid fertilizers domininating the market with rising nutrient deficiencies in country soils and adoption of high efficient fertilizers for quickly addressing these issues

Fastest Growing Speciality Type

7.05 %

Projected CAGR, CRF, 2024-2030

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Country's Zero growth policy and need for higher food production increasing the adoption of high efficient fertilizers like CRFs, reduces the fertilizers utilization

Largest Segment by Crop Type

9.88 %

Projected CAGR, Turf & Ornamental, 2024-2030

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Turf & ornamentals leading the market with extending cultivation areas and efficiency of specialty fertilizers in providing nutrient requirement throught their growth stage

Largest segment by Application Mode

51.35 %

value share, Fertigation, 2023

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Growing adoption of efficient irrigation system like sprinkers, drip irrigation increased the application of water-soluble and liquid fertilizers through fertigation

Leading Market Player

2.23 %

market share, Hebei Woze Wufeng Biological Technology Co., Ltd, Ltd

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The company emerged as prominent player with investing more in the expanding production facilities and it has capacity of 50,000 tons water soluble fertilizers per year

Efficiency in providing particular nutrients and reducing the number of fertilizations may drive the market

  • The specialty fertilizer market accounted for about 3.8% of the market volume of the Chinese fertilizer market in 2022. The minimal market share of the specialty fertilizers market is majorly attributed to the less awareness among farmers regarding efficiency and higher cost compared to conventional specialty fertilizers.
  • Water-soluble fertilizers accounted for 51.0% of the Chinese specialty fertilizer market volume in 2022. The dominance of water-soluble fertilizers is majorly due to the growing adoption of irrigation agriculture and technical advancements in irrigation equipment. Fertigation is the most popular application mode used in the country's micro irrigation systems. This will drive the soluble fertilizers market during 2023-2030
  • Liquid fertilizers accounted for 48.8% of the Chinese specialty fertilizer market volume in 2022. Liquid fertilizers are more easily absorbed by plants and can be used with irrigation or spraying by reducing labor costs. Foliar is the most popular method used by the liquid fertilizer application.
  • Controlled-release fertilizers accounted for the next largest market share in the Chinese specialty fertilizer market volume, accounting for 0.1% in 2022. The market share of controlled-release fertilizers is mainly due to their potential to provide nutrients for up to six months. The loss of nutrients is also very low. However, rising awareness among farmers can increase the market share of controlled-release fertilizers in the forecast period.
  • In recent years, the soluble fertilizer industry in China has boomed because of its advantages in reducing fertilizer usage, water, labor, and cost, and increasing yield and quality, accompanied by favorable policies for modern agriculture development and substantial investment.
China Specialty Fertilizer Market

China Specialty Fertilizer Industry Segmentation

CRF, Liquid Fertilizer, SRF, Water Soluble are covered as segments by Speciality Type. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type.

  • The specialty fertilizer market accounted for about 3.8% of the market volume of the Chinese fertilizer market in 2022. The minimal market share of the specialty fertilizers market is majorly attributed to the less awareness among farmers regarding efficiency and higher cost compared to conventional specialty fertilizers.
  • Water-soluble fertilizers accounted for 51.0% of the Chinese specialty fertilizer market volume in 2022. The dominance of water-soluble fertilizers is majorly due to the growing adoption of irrigation agriculture and technical advancements in irrigation equipment. Fertigation is the most popular application mode used in the country's micro irrigation systems. This will drive the soluble fertilizers market during 2023-2030
  • Liquid fertilizers accounted for 48.8% of the Chinese specialty fertilizer market volume in 2022. Liquid fertilizers are more easily absorbed by plants and can be used with irrigation or spraying by reducing labor costs. Foliar is the most popular method used by the liquid fertilizer application.
  • Controlled-release fertilizers accounted for the next largest market share in the Chinese specialty fertilizer market volume, accounting for 0.1% in 2022. The market share of controlled-release fertilizers is mainly due to their potential to provide nutrients for up to six months. The loss of nutrients is also very low. However, rising awareness among farmers can increase the market share of controlled-release fertilizers in the forecast period.
  • In recent years, the soluble fertilizer industry in China has boomed because of its advantages in reducing fertilizer usage, water, labor, and cost, and increasing yield and quality, accompanied by favorable policies for modern agriculture development and substantial investment.
Speciality Type
CRF
Polymer Coated
Polymer-Sulfur Coated
Others
Liquid Fertilizer
SRF
Water Soluble
Application Mode
Fertigation
Foliar
Soil
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental
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China Specialty Fertilizer Market Size Summary

The China Specialty Fertilizer Market is poised for significant growth, driven by the increasing adoption of advanced agricultural practices and the need for enhanced crop yields. Despite its relatively small share in the overall Chinese fertilizer market, specialty fertilizers are gaining traction due to their efficiency and the technological advancements in irrigation systems. Water-soluble and liquid fertilizers dominate the market, supported by the widespread use of fertigation and foliar application methods. The market for controlled-release fertilizers, although currently limited, holds potential for expansion as awareness among farmers grows. The burgeoning soluble fertilizer industry benefits from favorable government policies and substantial investments aimed at modernizing agriculture, which is expected to further boost demand.

China's agricultural landscape, characterized by its vast cultivation areas for staple crops like rice and corn, underscores the critical role of specialty fertilizers in enhancing productivity. The country's dual cropping seasons and the predominance of rice and corn in its grain output necessitate efficient nutrient management to combat soil mineral depletion, especially during the hotter months. The application of primary nutrients such as nitrogen, phosphorus, and potassium is crucial for maintaining plant health and maximizing crop yields. As the demand for increased agricultural output intensifies, the specialty fertilizer market is expected to expand, with key players like Hebei Monband and ICL Group Ltd. leading the charge. The market's fragmentation presents opportunities for growth and innovation, as evidenced by recent developments such as Haifa Group's expansion in China and ICL Fertilizers' introduction of premium fertilizers.

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China Specialty 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 Speciality Type

      1. 1.1.1 CRF

        1. 1.1.1.1 Polymer Coated

        2. 1.1.1.2 Polymer-Sulfur Coated

        3. 1.1.1.3 Others

      2. 1.1.2 Liquid Fertilizer

      3. 1.1.3 SRF

      4. 1.1.4 Water Soluble

    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 Specialty Fertilizer Market Size FAQs

The China Specialty Fertilizer Market size is expected to reach USD 14.11 billion in 2024 and grow at a CAGR of 6.40% to reach USD 20.48 billion by 2030.

In 2024, the China Specialty Fertilizer Market size is expected to reach USD 14.11 billion.

China Specialty Fertilizer Market Report Snapshots

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