Vast Potential Market for New Types of Fertilizer

By CnAgri2013-02-04 11:13:17 Print     China had 2,300 new-type fertilizer producers at the end of last year, with a combined asset value of RMB31 billion. But more than 95% of the new-type fertilizer producers are small and medium-sized companies. The output value and sales revenue of new-type fertilizer were RMB64.9 billion and RMB60.5 billion respectively in 2012, up 27% and 25% respectively on the year-on-year basis. New-type fertilizer sales merely accounted for 7% of the total fertilizer sales in 2012.
 
    The nation’s new-type fertilizer productive capacity was 16 ~ 17 million MT (product, same below) in 2012, of which 9.3 million MT and 3.5 million MT were microorganism fertilizer and slow-release fertilizer. The importance of new-type fertilizer lies in the supply of trace element nutrients to crops.
 
    Against the backdrop of a stagnant traditional fertilizer market, farmers are expected to gradually accept new-type fertilizer products. It is surmised that new-type fertilizer sales may grow at an annual pace of 10% in the next few years, reaching RMB90 billion in 2015 and RMB140 billion in 2020.

From “China Fertilizer Market Weekly Report”