Ken Research - China Complex Fertilizer Demand | Page 2

fertilizers with organic nutrients that are usually sourced from the decomposition of organic materials like animal manure, compost, and crop residue. The government is encouraging use of organic fertilizers by providing subsidies and tax incentives. However, the success of organic fertilizers replacing chemical fertilizers on a large scale has not been seen yet. Amidst efforts to achieve zero growth in overall fertilizer usage, nitrogen fertilizers in China are increasingly being replaced by complex fertilizers. However, despite the growing adoption by farmers, much of the domestic NPK production is of low quality. Growing emphasis on improving fertilizer quality, curbing soil pollution, better land management practices and urgent need to improve agricultural productivity is expected to augment the demand for complex fertilizers in China, according to Analyst at Ken Research. Ken Research in its latest study, China Complex (NPK) Fertilizer Market Outlook to 2022 – Expected Replacement from Straight Chemical Fertilizers to Complex Fertilizers suggests that Kingenta, Hubei Xinyangfeng, China XLX Fertilizers and Sino-Arab Chemical Fertilizers will remain the major players in this space in China. However, these major players will witness rising competition from other existing and new entrants launching cheaper products in the market. Keywords:             China Complex Fertilizer Demand China Complex Fertilizer Consumption China Complex Fertilizer Production China Complex Fertilizer Market China Granulated NPK Consumption China Blended NPK Consumption China NPK Fertilizer Demand China NPK Fertilizer Consumption China NPK Fertilizer Production China NPK Fertilizer Market NPK Price changes China Kingenta, Hubei Xinyangfeng Market Share For more information on the research report, refer to below link: https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/china- complex-fertilizer-market/143967-104.html Related Reports by Ken Research