Views: 0 Author: Site Editor Publish Time: 2024-11-01 Origin: Site
The development trend of mixed fertilizers in China mainly includes the following aspects:
The market size continues to expand: According to data from Zhongyan Puhua Research Institute, the market size of China's compound fertilizer industry in 2021 was 131.768 billion yuan, a year-on-year increase of 26.11%; In 2022, the industry scale will further grow to approximately 139.63 billion yuan, a year-on-year increase of 5.97%. This indicates that despite facing some challenges, the market size of the compound fertilizer industry still maintains stable growth.
Increased production and demand: In 2022, the physical production of compound fertilizers in China reached approximately 47.266 million tons, a year-on-year increase of 2.41%. With the increasing demand for compound fertilizers in agricultural production, production enterprises are also constantly increasing their production capacity to meet market demand.
Policy impact: Since 2015, the market size of the compound fertilizer industry has experienced fluctuations due to the optimization of domestic planting structure, rapid growth of crop sowing area, and related policy influences. Especially after the release of the Action Plan for Zero Growth in Fertilizer Use by 2020, the industry gradually returned to rationality.
Diversification trend: The compound fertilizer industry is showing a trend of diversification, including upgrading macro mechanisms and diversifying service models. A new price war will be inevitable, and industry competition will become even more intense.
Green development: In recent years, the government has put forward the policy of agriculture taking the path of green development, indicating that China's agriculture is about to embark on a new stage of green development with comprehensive regulation of "nutrients soil crops environment". After more than 20 years of continuous research and application, China's fertilizers have also entered a stage of value-added and efficiency increasing development, known as the era of inorganic+efficiency increasing fertilizers in the industry.
Technological progress: Scientists add various efficiency enhancing substances to fertilizers to improve and enhance traditional inorganic fertilizers, with the aim of maximizing their utilization efficiency. There are various types of inorganic+efficiency enhancing fertilizers, including inorganic+chemical efficiency enhancing fertilizers and inorganic+chemical material efficiency enhancing fertilizers.
In summary, the development trend of mixed fertilizers in China presents characteristics such as continuous expansion of market size, increase in production and demand, policy influence, diversification trend, green development, and technological progress.
